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DGAP-News News vom 13.11.2014

Sangui BioTech International Inc.: Revenues improved in the first quarter of the 2015 financial year

Sangui BioTech International Inc. / Key word(s): Interim Report

13.11.2014 / 12:00



 

Sangui BioTech: Revenues improved in the first quarter of the 2015 financial year

Research and development for preparing and carrying out preclinical trials

Witten, Germany, November 13, 2014 - 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.

For more information please contact:

Joachim Fleing
Phone: +49 (179) 7963472
Fax: +49 (2302) 915191
e-mail: fleing@sangui.de





13.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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296450  13.11.2014