BOTHELL, Wash., Jan. 10, 2011 /PRNewswire/ -- BioLife Solutions, Inc. (OTC Bulletin Board: BLFS) is issuing the following corporate update today by its Chairman and Chief Executive Officer Mike Rice, to summarize the continued progress the Company made in 2010 on a number of strategic growth initiatives.
I am pleased to report preliminary record revenue of $575,000 for the fourth quarter of 2010, an increase of 10% over the third quarter of 2010, and 20% over the same quarter in 2009. Preliminary revenue for the full year of 2010 was $2,081,391, an increase of 32% over 2009. In 2010, we shipped 1,000 product revenue orders to 250 customers in 30 countries. Awareness of the value of our proprietary GMP grade biopreservation media products continues to grow throughout the worldwide life sciences and clinical communities, as our products continue to displace competing "home-brew" formulations and commercial preservation media products.
Revenue highlights of the fourth quarter and full year 2010 include:
Regenerative Medicine Market – Continued Product Adoption
|SOURCE BioLife Solutions, Inc.|
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