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Microfluidics International Corporation Announces Second Quarter 2009 Financial Results
Date:8/11/2009

NEWTON, Mass., Aug. 11 /PRNewswire-FirstCall/ -- Microfluidics International Corporation (OTC Bulletin Board: MFLU), today reported unaudited financial results for the quarter ended June 30, 2009.

(Logo:http://www.newscom.com/cgi-bin/prnh/20090811/NE59652LOGO )

Second quarter accomplishments:

  • Achieved positive earnings before interest, taxes, depreciation and amortization (EBITDA) of $48,000
  • Delivered strong bookings of $6.6 million with a backlog of $4.3 million at the end of the quarter primarily due to increased demand by vaccine developers
  • Entered into an R&D agreement and equipment sales order for the Company's proprietary Microfluidics Reaction Technology (MRT) with a major pharmaceutical customer
  • Entered into an exclusive distributorship agreement with Japanese-based POWREX to market, sell and service Microfluidizer(R) high shear fluid processors in the pharmaceutical, biotechnology and energy industries throughout Japan
  • Formed a strategic alliance with U.S.-based Particle Sciences to help biopharmaceutical companies leverage the most advanced and reliable nanotechnology and formulation methods available to develop, analyze and commercialize Active Pharmaceutical Ingredients (APIs)

"I believe that the generation of positive EBITDA in the midst of an extremely challenging global economy speaks to the strength of demand for our products and process consulting services as well as to the Company's long-term potential," said Michael C. Ferrara, President and Chief Executive Officer of Microfluidics. "Achieving positive EBITDA in the second quarter is an important step towards sustainable growth, generating working capital and achieving future profitability. We will continue to innovate with new
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SOURCE Microfluidics International Corporation
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