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Global Med Technologies(R), Inc. Reports Profitability, Record Operating Income and 10th Consecutive Quarter of Record Revenue Growth
Date:5/15/2009

Operating Income Exceeds $1 Million; Recurring Revenues Climb 84%; Free Cash Flow Exceeds $1.7 Million

DENVER, May 15 /PRNewswire-FirstCall/ -- Global Med Technologies(R), Inc. ("Global Med" or the "Company") (OTC Bulletin Board: GLOB), an international healthcare information technology company, today reported profitability and its tenth consecutive quarter of revenue growth for the first quarter ended March 31, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO)

Global Med's record revenues of $8.359 million for the first quarter of 2009 represent an increase of $3.766 million or 82% over the $4.593 million recorded for the comparable 2008 period. In the first quarter of 2009, operating income improved to $1.057 million from $625 thousand during the comparable 2008 period. The Company's net income for the first quarter of 2009 was $321 thousand, or $0.01 per basic common share outstanding, versus $360 thousand, or $0.01 per basic common share outstanding, for the comparable 2008 period.

Global Med's cash flow from operations for the first quarter of 2009 was $1.750 million, up 102% over the $867 thousand recorded for the comparable 2008 period.

Recurring annual maintenance revenues for the quarter were running at an annualized rate of over $16.3 million. Based on the backlog as of March 31, 2009, the Company's annual recurring revenues, when all contracted customer sites are implemented, will be approximately $17.2 million, an increase of 84% over 2008. The Company's backlog of unrecognized software license fees and implementation fees was approximately $8.9 million, an increase of 55% over 2008.

First Quarter 2009 Business Developments and Announcements:

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SOURCE Global Med Technologies, Inc.
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