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BioLife Solutions Announces 2012 Full Year Results; 10th Consecutive Quarter of Record Revenue
Date:4/1/2013

BOTHELL, Wash., April 1, 2013 /PRNewswire/ -- BioLife Solutions, Inc. (OTCQB: BLFS), a leading developer, manufacturer and marketer of proprietary clinical grade hypothermic storage and cryopreservation freeze media for cells and tissues, and contract aseptic media manufacturer, today announced financial results for the fourth quarter and year ended December 31, 2012.

(Logo: http://photos.prnewswire.com/prnh/20090814/BIOLIFELOGO)

Summary of Q4 2012 AchievementsDuring the fourth quarter of 2012, the Company accomplished the following:

  • Recorded positive cash from operations for the first time in Company history.
  • Delivered over $1.2 million in aseptically formulated and filled product to a contract manufacturing customer.
  • Commenced initial private-labeled product shipments to a new distributor, a leading supplier of cell culture reagents and tools to the life sciences industry.
  • Completed the qualification of a second cGMP clean room suite, doubling manufacturing capacity and increasing the Company's ability to leverage contract manufacturing opportunities while its core biobanking, drug discovery, and regenerative markets continue to develop.
  • Mike Rice, Chief Executive Officer, said, "Our focus on high quality cGMP manufacturing and operational excellence has positioned us to utilize our existing assets and capacity to grow our business while our high growth regenerative medicine market opportunity develops." He continued, "We hold the leading supplier position for pre-formulated, clinical grad
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    SOURCE BioLife Solutions, Inc.
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