Sangui BioTech: Revenues Improved in the First Quarter of the 2015 Financial Year
2014年11月13日 - 8:00PM
ビジネスワイヤ(英語)
Research and development for preparing and carrying out
preclinical trials
For the first quarter (as of September 30, 2014) of its 2015
financial year Sangui BioTech International, Inc. reports revenues
from product sales and royalties in the amount of USD73,470
(Q1/2013: USD26,527). This is an improvement of 73% as compared
with the fourth quarter of the previous financial year (as of June
30, 2014).
Research and development expenses amounted to USD93,103
(Q1/2014: USD36,308). The increase is due to preparing and carrying
out preclinical trials aimed at demonstrating the functionality of
Sangui's technology with respect to various indications. The net
loss attributable to shareholders of the parent company came to
USD194,168 (Q1/2013: USD172.202), the cash outflow from operations
during the quarter amounted to USD207,675 (Q1/2013:
USD189,860).
Primarily due to the net loss for the quarter, our stockholders’
equity decreased by USD75,501 from USD7,276 at June 30, 2014 to a
stockholders’ deficit of USD68,225 at September 30, 2014.
The complete quarterly report on Form 10-QSB is available at
www.sec.gov and www.sanguibiotech.com.
Sangui BioTech International, Inc. ("SGBI") is a holding company
the shares of which are being traded on the OTCQB venture stage
marketplace for early stage and developing U.S. and international
companies (OTCQB: SGBI). Companies are current in their reporting
and undergo an annual verification and management certification
process. Sangui shares also trade on the OTC markets of Berlin and
Hamburg-Hannover stock exchanges (symbol: SBH). Its purpose is to
provide financing and access to the capital markets for the
enterprises of the Sangui group. SanguiBioTech GmbH is a ninety
percent subsidiary of Sangui BioTech International, Inc.
Some of the statements contained in this news release discuss
future expectations, contain projections of results of operation or
financial condition or state other “forward-looking” information.
These statements are subject to known and unknown risks,
uncertainties, and other factors that could cause the actual
results to differ materially from those contemplated by the
statements. The forward-looking information is based on various
factors and is derived using numerous assumptions. Important
factors that may cause actual results to differ from projections
include, among many others, the ability of the Company to raise
sufficient capital to meet operating requirements. Words such as
“anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,”
“estimates,” and variations of such words and similar expressions
are intended to identify such forward-looking statements. Unless
required by law, the Company undertakes no obligation to update
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.
Sangui BiotechJoachim FleingPhone: +49 (179) 7963472Fax: +49
(2302) 915191e-mail: fleing@sangui.de
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