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Wound Management Technologies (OTCBB: WNDM) Reports Revenue Increase of 33.5%; Posts Evidence-Based Studies for CellerateRx; and Business Update
Date:11/23/2009

FORT WORTH, Texas, Nov. 23 /PRNewswire-FirstCall/ -- Wound Management Technologies, Inc., (OTC Bulletin Board: WNDM) a rapidly growing provider of specialty medical products, announced that it has filed it Q3 2009 financial results and has provided a comprehensive management business update to illustrate the developments during the 2009 calendar year.

  • Q3 2009 sales increased 33.5% to $102,926 vs. Q3 2008 sales of $77,084.
  • Shareholder equity as of the Q3 2009 increased to $3,327,892 vs. Q3 2008 shareholder equity of $(321,257)
  • Total assets increased to $4,934,524 in Q3 2009 vs. $151,714 in Q4 2008 while liabilities during the same period only increased 1,606,632 vs. 472,971 during the respective period.

A complete copy of the Company's Q3 2009 quarterly report that is filed with the SEC can be viewed at: http://sec.gov/Archives/edgar/data/714256/000101054909000813/wmti10q093009.htm

During the first three quarters of 2009, the Company's efforts where focused on increasing its distribution capabilities, expanding the market visibility of its signature product CellerateRx® and increasing its product portfolio. The outline below provides detailed breakdown of such achievements by the Company during this period of time.

Sales Distribution Agreements

"Over the past year we have been achieving milestones to take The Company to the next level. We have recently assembled a national sales force of over 40 independent representatives in addition to our extensive international distribution channel," stated CEO Scott Haire. "The third quarter 2009 numbers show that our efforts are beginning to pay off; our next benchmark is to become profitable in 2010 and bring earnings to the bottom line as quickly as possible, we expect to se
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