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Global Med Technologies(R) Inc. Receives Unsolicited Proposal From Victory Park Capital Advisors, LLC
Date:12/9/2008

rategic acquisitions; 3. introduced the Company to Ken Hunt, a current Board member and shareholder; 4. assisted the Company in expanding its relationship with the Red Cross; 5. introduced GLOB to additional institutional investors (including both mutual funds and hedge funds) which purchased shares of common equity; and 6. assembled a syndicate of then current and new investors to purchase over 3,300,000 shares of common equity and common equity equivalents from the Company's then-largest and highly dissident shareholder.

Unfortunately, even with VPC's loyal strategic and financial support, the Company has been unable to realize full value as a publicly-traded company. If the equity markets do not reflect the Company's intrinsic value, we believe it is incumbent upon the Board to take action to realize that value for shareholders. Failure to act would only further destroy shareholder value as the Company continues to incur the onerous and increasing expenses of being a publicly-traded company.

Therefore, we believe the time has come to explore strategic alternatives, including a:

    1.  public auction of the Company for sale to a strategic or financial
        buyer; or
    2.  buyout transaction led by VPC.

VPC is prepared to purchase all of the Company's outstanding equity securities that VPC does not already own for $1.10 per share in cash, subject to the completion of limited, confirmatory due diligence, the negotiation of a definitive merger agreement and management cooperation. It is our intention to work closely with the Board to finalize the appropriate financing package necessary to successfully execute our intentions to operate the Company as a privately-held entity. We are prepared to move expeditiously to complete due diligence and begin discussions regarding appropriate transaction agreeme
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SOURCE Global Med Technologies, Inc.
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