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MiMedx Group Announces First Quarter 2011 Results
Date:4/26/2011

60;impact of recently hired personnel on the Company's penetration of the wound care market, the timing of the launch of the Company's amniotic tissue solution for certain pain management problems, and the expected increase in gross margins.  These statements are based on current information and belief, and are not guarantees of future performance.  Among the risks and uncertainties that could cause actual results to differ materially from those indicated by such forward-looking statements include that the Company may continue to incur acquisition costs and make investments in animal studies during the balance of the year, that the Company may not achieve the expected revenue for the month of April, that the anticipated revenue opportunity in the wound care market does not materialize or that the timing of revenue from the Company's EpiFix™ tissues in that market is delayed, that the Company's newly hired personnel may not have a material effect on the Company's revenue in the wound care market, that the launch of the Company's amniotic tissue solution for certain pain management problems may be delayed, that the expected increase in gross margins may not materialize, and the risk factors detailed from time to time in the Company's periodic Securities and Exchange Commission filings, including, without limitation, its 10-K filing for the fiscal year ended December 31, 2010. By making these forward-looking statements, the Company does not undertake to update them in any manner except as may be required by the Company's disclosure obligations in filings it makes with the Securities and Exchange Commission under the federal securities laws. MIMEDX GROUP, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSASSETSMarch 31,2011December 31,(unaudited)2010Current assets:Cash and cash equivalents

$   1,020,533$  1,340,922Accounts receivable, net

503,185162,376Inventory570,643111,554Prepaid expenses and other current assets

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SOURCE MiMedx Group, Inc.
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