DENVER, Nov. 11 /PRNewswire-FirstCall/ -- Global Med Technologies®, Inc. ("Global Med" or the "Company") (OTC Bulletin Board: GLOB), an international healthcare information technology company, today reported its operating results for the three and nine months ended September 30, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO)

Global Med reported record net income of $1.10 million* (*Reflects the reversal of a $1.004 million legal accrual. Without the reversal of the legal accrual during the three and nine months ended September 30, 2009, the Company's results would have been materially different.), or earnings of $0.03 per basic common share, for the three months ended September 30, 2009 compared to a net loss of $228 thousand, or a loss of $0.01 per basic common share for the comparable period in 2008. This represents a $1.33 million increase in net income for the third quarter of 2009 when compared with the comparable period in 2008. In the third quarter of 2009, operating income improved to $1.12 million from a $118 thousand loss during the comparable 2008 period.

For the first nine months of 2009, the Company's revenues increased to $23.68 million or a 45% increase over the $16.38 million in revenues recognized during the comparable period in 2008. The Company's third quarter revenues increased to $7.26 million representing a 5% increase from the $6.94 million in the comparable period in 2008.

While the Company's acquisitions of Inlog and eDonor in 2008 were the primary drivers of revenue growth for the three and nine months ended September 30, 2009, the Company's organic business also experienced revenue growth during these periods when compared with the comparable periods during 2008.

For the nine months ended September 30, 2009, income from operations improved to $2.80 million from $840 thousand for the comparable period during 2008. The Company's net income for the first nine months of 2009 was $1.70 million, or $0.05 per basic common share outstanding, versus $284 thousand, or $0.01 per basic common share, for the comparable period during 2008.

Global Med's cash flow from operations for the first nine months of 2009 was $3.87 million, a more than 248% increase over the $1.11 million recorded for the first nine months of 2008.

Recurring annual maintenance revenues for the quarter were running at an annualized rate of approximately $17 million. Based on the Company's backlog as of September 30, 2009, the Company's annual recurring revenues, when all contracted customer sites are implemented, would be nearly $19.1 million**, an increase of 18% over the comparable period in 2008. The Company's backlog of unrecognized software license fees and implementation fees as of September 30, 2009 was approximately $8.6 million, an increase of 23% over the comparable period in 2008.

**Includes recurring revenues from the Hemo-Net acquisition that was completed on November 3, 2009.

Third Quarter 2009 Business Developments and Announcements:

    --  The Company's Inlog subsidiary licensed its EdgeCell cellular therapy
        software and EdgeLab/HLA laboratory information management software for
        human leukocyte antigen matching (marketed as "Labo Serveur" in France)
        to Hema-Quebec, the official blood supplier for  Quebec, Canada.
    --  A binding letter of intent to market verIDhemos, a breakthrough
        transfusion safety RFID product, was signed with verIDentia SL of 
        Spain.

    --  Global Med's Wyndgate division, together with one of its major channel
        partners, licensed its ElDorado Donor, Donor Doc and eDonor solutions to
        a major East Coast pediatric hospital.

Mick Ruxin, M.D., Chairman and CEO of Global Med Technologies, Inc., commenting on today's announcement stated, "The Company continues to increase revenue and profits in spite of the difficult economic climate. Although we continue to experience a longer sales cycle in the United States, we are pleased that our organic business revenues have continued to grow. In addition, we have seen a 23% increase in our Company's backlog from the comparable quarter during 2008. Our Inlog and eDonor acquisitions are providing us with a number of cross-selling opportunities that have already begun to yield benefits, and we expect that trend to continue."

Thomas F. Marcinek, the Company's President and COO, stated, "Global Med continues to remain profitable in spite of difficult economic times. In addition, we recently signed a letter of intent ("LOI") with VerIDentia SL to exclusively sell their verIDhemos transfusion safety system. VerIDentia's product, VerIDhemos, is comprised of an RFID patient wristband with barcodes, a locked security container imbedded with electronic circuit boards containing microprocessors and memory, and a software system that is planned to be integrated with SafeTrace Tx®, Wyndgate's hospital transfusion system, and EdgeTrack, Inlog's hospital transfusion system. The verIDhemos system is the link that will close Global Med's Vein-to-Vein® loop. The LOI with VerIDentia has provided us with exclusive marketing rights in North America, Japan, Brazil, most of Europe, the Middle East and Asia. Although it is not currently available for sale in the U.S., Global Med will be seeking FDA clearance to market the verIDhemos product in 2010. We believe our relationship with VerIDentia will provide us with opportunities for additional sales to our existing customer base and elsewhere."

The Company will host a conference call today at 11:00 a.m. Eastern. Mick Ruxin, M.D., Chairman and CEO, Tom Marcinek, President and COO, and Darren Craig, Acting CFO, will discuss the third quarter financial results and will be available to answer questions. Interested parties are welcome to call the following telephone numbers five minutes prior to the start of the conference call. Callers within the US should call: 1-866-394-9731. Callers that are outside of the U.S. should call: 1-706-643-7541. Callers should reference "Global Med Third Quarter Financial Results" to the conference call operator. The conference call ID number will be: 40197655.

Internet access to the call will be available on the Company's web site at www.globalmedtech.com. The webcast replay will be available until Friday, November 13, 2009.

An automated replay of the conference call will be available from Wednesday, November 11, 2009 at 2:00 p.m. EDT until Friday, November 13, 2009 at 11:59 p.m. EDT. To access the replay, callers within the US should call: 1-800-642-1687. Callers outside of the US should call: 1-706-645-9291 and enter Global Med's access code of 40197655.

The following tables provide information related to the Company's operations for the three and nine months ended September 30, 2009 and 2008:


            GLOBAL MED TECHNOLOGIES, INC. (OTC Bulletin Board: GLOB.OB)

                      Selected Operating Results (Unaudited)
                         Three Months Ended September 30,
                      In (000s) Except Per Share Information

                                                              2009*    2008
                                                              ----     ----
    Revenues                                                 $7,257   $6,940
    Cost of revenues                                          2,812    2,759
    Operating expenses, exclusive of legal accrual reversal   4,325    4,299
    Legal accrual reversal                                   (1,004)      --
    Income from operations                                   $1,124     (118)
    Other income (expense), net                                (164)    (164)
    Income tax benefit                                          143       54
    Net income (loss)                                        $1,103    ($228)
    Income per share:
      Basic                                                   $0.03   $(0.01)
      Diluted                                                 $0.02   $(0.01)
    EBITDA                                                   $1,496     $230
    Weighted-average shares outstanding:
      Basic                                                  35,891   30,754
      Diluted                                                45,532   30,754



                      Selected Operating Results (Unaudited)
                          Nine Months Ended September 30,
                      In (000s) Except Per Share Information

                                                               2009*    2008
                                                               ----     ----
    Revenues                                                 $23,675  $16,378
    Cost of revenues                                           9,018    6,177
    Operating expenses, exclusive of legal accrual reversal   12,859    9,361
    Legal accrual reversal                                    (1,004)      --
    Income from operations                                     2,802      840
    Other income (expense), net                                 (542)    (126)
    Income taxes                                                (563)    (430)
    Net income                                                $1,697     $284
    EBITDA                                                     3,845    1,302
    Income per share:
      Basic                                                    $0.05    $0.01
      Diluted                                                  $0.04    $0.01
    Weighted-average shares outstanding:
      Basic                                                   34,775   28,546
      Diluted                                                 44,415   46,898



    Reconciliation of Earnings Before Interest, Taxes, Depreciation and
    Amortization (EBITDA) to net income (loss) in (000s):

                           Three         Three          Nine          Nine
                        Months Ended  Months Ended  Months Ended  Months Ended
                          September     September     September     September
                          30, 2009      30, 2008      30, 2009      30, 2008
                          --------      --------      --------      --------
    EBITDA                 $1,496         $230         $3,845        $1,302
    Other income
     (expenses), net         (164)        (164)          (542)         (126)
    Income tax benefit
     (expense)                143           54           (563)         (430)
    Depreciation and
     amortization            (372)        (348)        (1,043)         (462)
    Net income             $1,103        $(228)        $1,697          $284



            GLOBAL MED TECHNOLOGIES, INC. (OTC Bulletin Board: GLOB.OB)

                    Selected Cash Flow Information (Unaudited)
                          Nine Months Ended September 30,
                                     In (000s)

                                          2009              2008
                                          ----              ----
    Cash flows provided by (used in):
      Operations                         $3,872            $1,114
      Investing activities                 (367)           (9,879)
      Financing activities               (1,552)            8,652
      Effect of exchange rates on cash       45              (116)
    Net increase (decrease) in cash       1,998              (229)
    Cash, beginning of period             4,472             6,748
    Cash, end of period                  $6,470            $6,519



                        Selected Balance Sheet Information
                                     In (000s)

                                                         September    December
                                                         30, 2009     31, 2008
                                                         --------     --------
                                                       (Unaudited)
    Cash, cash equivalents and  marketable securities     $6,799       $4,660
    Other current assets                                   6,457        9,566
    Current assets                                        13,256       14,226
    PP&E                                                   1,249        1,385
    Intangible assets                                     13,959       14,081
    Other long-term assets                                    88           92
    Total assets                                         $28,552      $29,784

    Accounts payable, accrued expenses and other current
     liabilities                                          $7,078       $6,759
    Deferred revenue                                       4,761        6,361
    Current portion of long-term debt                      2,370        2,335
    Total current liabilities                            $14,209       15,455
    Long-term debt                                         5,976        7,853
    Other long-term liabilities                               73        1,065
    Total liabilities                                     20,258       24,373

    Total stockholders' equity                             8,294        5,411
    Total liabilities and stockholders' equity           $28,552      $29,784

About Global Med Technologies®, Inc.

Global Med Technologies, Inc. is an international healthcare information technology company which develops regulated and non-regulated products and services for the healthcare industry. As a leading provider of blood and laboratory systems and services, Global Med's products are deployed in 20 countries and serve over 2,100 transfusion centers, blood banks and laboratory sites.

Global Med's domestic companies are Wyndgate Technologies®, a leader in software products and services for donor centers and hospital transfusion services; eDonor®, which offers web-based donor relationship management systems; Hemo-Net®, a healthcare application service provider; and PeopleMed®, Inc., which implements cost-effective software validation, consulting and compliance solutions to hospitals and donor centers.

Global Med's European subsidiary, Inlog, SA, is a leading developer of donor center and transfusion management systems as well as cellular therapy software, laboratory information systems and quality assurance medical software systems internationally.

For more information about Global Med's products and services, please call 800-996-3428 or visit www.globalmedtech.com.

This news release may include statements that constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expects" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this news release.

SOURCE Global Med Technologies, Inc.