Global Med Technologies Inc. reported unaudited operating results for the third quarter and nine months ended September 30, 2009. The company reported record net income of $1.10 million or earnings of $0.02 per diluted common share, for the three months ended September 30, 2009 compared to a net loss of $228,000, or a loss of $0.01 per diluted 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 $118,000 loss during the comparable 2008 period. Revenues were $7.3 million against $6.9 million a year ago. EBITDA was $1.5 million against $230,000 a year ago. 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 $840,000 for the comparable period during 2008. The company's net income for the first nine months of 2009 was $1.70 million, or $0.04 per diluted common share outstanding, versus $284,000, or $0.01 per diluted common share, for the comparable period during 2008. The company'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. EBITDA was $3.85 million against $1.3 million a year ago.

Global Med Technologies Inc., Q3 2009 Earnings Call, Nov-11-2009

Effective as of October 14, 2009, the Board of Directors of Global Med Technologies Inc. has appointed Darren Craig to the position of Acting Chief Financial Officer. Mr. Craig, age 45, also serves as the company’s Vice President of Finance and has served a previous stint as the company’s Acting Chief Financial Officer. Mr. Craig has been an officer of the Company since October 2007 and has been with the company since October 2000.