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Wound Management Technologies President Writes Letter to Its Shareholders; Cites 3x Revenues Increase Over 2009; CellerateRX® Gaining Traction
Date:4/20/2011

FORT WORTH, Texas, April 20, 2011 /PRNewswire/ -- Wound Management Technologies, Inc., (OTCQB: WNDM | WNDM.PK) a leader in advanced wound care solutions, today released a letter from its president, Deborah Jenkins Hutchinson to update the shareholders on the current status of the company.

April 20, 2011

Dear Wound Management Technologies Shareholder,

I'm writing to inform you that our Company has entered an exciting new chapter in its development and to provide you with details on a number of initiatives that we believe will favorably impact our business in 2011.

When I joined Wound Management in January of 2010, my primary challenge was to develop a sales engine for our existing line of wound treatment products.  I am pleased to tell you that Wound Management Technologies' (WNDM) 2010 revenues were over three times 2009 revenues and that the commercialization plan that we initiated last year is gaining traction. Our CellerateRX® activated collagen wound care product line sales have increased both in the United States and international markets.  Furthermore, in January of this year we forecast $6M in revenues for 2011, an increase of over six times 2010, and we believe we will meet or exceed that number.  WNDM is now rapidly emerging and we believe that we will be both cash flow positive and profitable in the upcoming 12-18 months. You can find further details about our operational progress in the company's 2010 Form-10K filed on April 14, 2011.

One of our challenges in 2010 was to secure adequate financing for inventory to meet anticipated product order growth.  That process took a few months longer than we hoped, but we were able to raise the $2 - $3M that we discussed in last year’s letter in increments. We received inventory in the 4th Quarter and have ordered more since.  Those small financings and some business transactions have given us the ability to more aggressively market the Celle
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SOURCE Wound Management Technologies, Inc.
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