Exhibit 99.1
Corgenix Medical Corporation
Annual Shareholder Meeting
May 20, 2008
PowerPoint Presentation
Slide 1 – Title Slide
Annual Meeting of the Shareholders
May 20, 2008
Slide 2 - Agenda
· Business Update
· Review of Corporate Goals
· Revenue Strategies
· Review of Fiscal Year 2007 and Fiscal Year 2008 Year-to-Date Results
· Financials
· Key Events, Achievements and Disappointments
· Fiscal Year 2008 Plan
· Plan for 2009-2010
Slide 3 – Corporate Goals
· Financial Strength
· Consistent Growth in Revenues and Profitability
· Continued Improvement in Shareholder Liquidity
· Product Quality
Slide 4 - Revenue Strategies
· Financial Strength
· Consistent Growth in Revenues and Profitability
· Continued Improvement in Shareholder Liquidity
· Product Quality
Slide 5 – Strategic Alliances
(logos of strategic alliance companies)
Slide 6 - FY 2007 and FY 2008 YTD Statement of Operations
| | FY 2008 | | FY 2007 | | FY 2007 | | FY 2006 | |
| | 9-mo | | 9-mo | | | | | |
| | ended | | ended | | FY ended | | FY ended | |
| | 3/31/08 | | 3/31/07 | | 6/30/07 | | 6/30/06 | |
| | unaudited | | unaudited | | audited | | audited | |
Sales | | $ | 6,455 | | $ | 5,391 | | $ | 7,368 | | $ | 6,636 | |
Gross Profit | | $ | 3,627 | | $ | 2,134 | | $ | 4,539 | | $ | 4,174 | |
Op Inc (Loss) | | $ | 163 | | $ | (740 | ) | $ | (858 | ) | $ | 335 | |
Net Loss | | $ | (1,101 | ) | $ | (2,081 | ) | $ | (2,441 | ) | $ | (1,586 | ) |
EBITDA | | $ | 467 | | $ | (475 | ) | $ | (496 | ) | $ | 444 | |
Slide 7 - FY 2007 and FY 2008 YTD Balance Sheet Highlights
| | At March 31, 2008 | | At June 30, 2007 | | At June 30, 2006 | |
| | (unaudited) | | (audited) | | (audited) | |
Cash | | $ | 1,652 | | $ | 1,324 | | $ | 3,118 | |
Working Capital | | $ | 3,254 | | $ | 2,070 | | $ | 4,205 | |
Stockholder’s Equity | | $ | 4,401 | | $ | 2,993 | | $ | 4,691 | |
Slide 8 – FY 2007 – Key Events of the Year
· July ‘06
· Launched AspirinWorks in Europe
· Expanded UK facility to meet growth plans
· Submitted 510(k) for AspirinWorks
· August ‘06
· First US patent for AspirinWorks issued
· February ‘07
· Second US patent for AtherOx issued
· March ‘07
· License for 100% of rights to AspirinWorks
· June ‘07
· AspirinWorks receives 510(k) clearance
Slide 9 – FY 2007
· Accomplishments
· Revenue for the year was another Company record – grew 11% to $6.4 million
· Major advancement in several important strategic programs
· Expanded US and international distribution network
· Received FDA clearance on AspirinWorks
· Recovered from move into new HQ facility
· New patents issued for AspirinWorks and AtherOx; additional patent applications filed
· Disappointments
· Revenue level was not sufficient to achieve profitability
· Expenses related to new facility increased significantly
· Stock price languished
Slide 10 – FY 2008 Goals
· Continue revenue growth at accelerated rate
· Improvement in operating income, EBITDA and overall financial strength
· Get operating expenses under control
· Build foundation of market for AspirinWorks and generate meaningful revenue
· Advance science of AtherOx and prepare for market entry
· Move stock price and trading volumes to the next level
· Complete first phase of viral program and prepare for market entry in FY 2009
· Expand our delivery platform capability
· Enhance contract manufacturing business
Slide 11 – FY 2008 YTD – Key Events of the Year
· July ‘07
· Announcement of new papers on AtherOx
· Announcement of new papers on AspirinWorks
· x-AtherOx 510(k) filed
· August ‘07
· Update on AspirinWorks distribution including LabCorp
· AspirinWorks available on internet
· October ‘07
· Release of clinical data on Lassa virus program
· Corgenix again wins ‘Fast 50” award
· November ‘07
· Clinical trial data on AtherOx released
· December ‘07
· Sign research agreement with NIH for Hyaluronic Acid
Slide 12 - FY 2008 YTD – Key Events of the Year
· January ‘08
· More publications on ‘Aspirin Resistance’
· Updated AspirinWorks distribution including Quest Diagnostics
· February ‘08
· European patent issued for AspirinWorks
· March ‘08
· Technology licensing agreement signed with Japanese government for inflammation bio-marker
· April ‘08
· AspirinWorks collaboration with Randox for automated version of test
· 510(k) clearance on x-AtherOx
Slide 13 - FY 2008 YTD Accomplishments
· Financials
· 9-month revenues up 20% over prior year
· on track for another record sales year
· expenses under control
· AspirinWorks ELISA
· product launched following May 2007 FDA clearance
· made significant progress in building market infrastructure
· revenues will exceed first-year revenues of any other Corgenix product
· Initiated program for automated version of test
Slide 14 – FY 2008 YTD Accomplishments
· AtherOx
· received FDA clearance on x-AtherOx
· making solid advances in clinical studies of AtherOx product group
· Lassa virus program showing favorable clinical results
Slide 15 – FY 2008 YTD Disappointments
· Ramp up of AspirinWorks revenue lagging behind original projections
· Due to change in technology strategy, major contract manufacturing customer has reduced purchases; will be down $200,000 from FY 2007 with impact in 3Q and 4Q and FY 2009
· Experienced some manufacturing problems in Q1 impacting COGS
· The medical products industry as a whole is being impacted by the slowing economy
Slide 16 – Plan for FY 2009 and FY 2010
· Continue double digit revenue growth; accelerate growth rate with contribution from new products
· Accelerate new product clearances from the FDA
· Retire last of convertible debt from 2005 financings
· Achieve positive and continuously improving operating income, net income and EBITDA
· Enhanced shareholder value
· Build on strategic partnerships
· Maintain superior quality system to ensure full regulatory compliance
· Expand delivery technology capabilities