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BioLife Solutions Announces 2012 Third Quarter Results: Ninth Straight Quarter of Record Revenue
Date:11/13/2012

tual results to differ materially. Some of the specific factors that could cause BioLife Solutions' actual results to differ materially are discussed in the Company's recent filings with the Securities and Exchange Commission.  BioLife Solutions disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.  Media Relations:Investor Relations:Len Hall

Matt ClawsonAllen & Caron Inc

Allen & Caron Inc(949) 474-4300

(949) 474-4300len@allencaron.com

matt@allencaron.com BioLife Solutions, Inc.Statement of OperationsThree MonthsEnded September 30,Nine MonthsEnded September 30,2012201120122011RevenueProduct sales

$

1,676,480$

710,518$

3,599,770$

1,934,165Licensing revenue5,0005,00015,00015,000Total revenue1,681,480715,5183,614,7701,949,165Cost of product sales1,086,031345,5562.073,9091,003,071Gross profit595,449369,9621,540,861946,094Operating expensesResearch and development110,68998,903353,837391,086Sales and marketing145,73555,443379,774197,883General and administrative487,733500,4241,441,8521,356,222Total operating expenses744,157654,7702,175,4631,945,191Operating loss(148,708)(284,808)(634,602)(999,097)Other income (expenses)Other income ––2094,25343Interest expense(185,554)(171,677)(547,875)(497,458)Gain (loss) on disposal of equipment431(1,896)368(1,896)Amortization of deferred financing costs(18,397)(20,307)(60,142)(47,061)Total other income (expenses)(203,520)(193,860)(513,396)(546,372)Net Loss

$

(352,228)$

(478,668)$

(1,147,998)$

(1,545,469)Basic and diluted net loss per common share

$

(0.01)$

(0.01)$

(0.02)$

(0.02)Basic and diluted weighted average common shares used to calculate net loss per common sha
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SOURCE BioLife Solutions, Inc.
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