Exhibit 99.1
Corgenix Medical Corporation
Annual Shareholder Meeting
December 16, 2008
PowerPoint Presentation
Slide 1 — Title Slide
Annual Meeting of the Shareholders
December 15, 2009
Slide 2 — Agenda
· Review of Corporate Goals
· Revenue Strategies
· Review of Fiscal Year 2009
· Financials
· Key Events, Achievements and Disappointments
· Fiscal Year 2010 Goals
· Review of Fiscal Year 2010 Year-to-Date Results
· Plan for 2011-2012
Slide 3 — Corporate Goals
· Financial Strength
· Consistent Growth in Revenues and Profitability
· Continued Improvement in Shareholder Liquidity
· Product Quality
Slide 4 - Revenue Strategies
· Base business Products
· Anti-phospholipids
· Vascular Diseases
· Hyaluronic Acid
· Autoimmune
· Growth Opportunity Products
· AspirinWorks
· AtherOx
· Viruses and Bio-defense
· Contract development and manufacturing
Slide 5 — Strategic Alliances
· (logos of strategic alliance companies)
Slide 6 - FY 2009 and FY 2010 YTD Summary Statements of Operations
| | FY 2010 | | FY 2009 | | FY 2010 | | FY 2009 | |
| | 3-mo | | 3-mo | | | | | |
| | ended | | ended | | FY ended | | FY ended | |
| | 9/30/09 | | 9/30/08 | | 6/30/09 | | 6/30/08 | |
| | (Unaudited) | | (Unaudited) | | (Audited) | | (Audited) | |
Sales | | $ | 2,045 | | $ | 2,002 | | $ | 8,063 | | $ | 8,366 | |
Gross Profit | | $ | 1,116 | | $ | 1,107 | | $ | 4,482 | | $ | 4,337 | |
Operating Expenses | | $ | 1,031 | | $ | 1,201 | | $ | 4,831 | | $ | 4,939 | |
Operating Income (Loss) | | $ | 84 | | $ | (94 | ) | $ | (349 | ) | $ | (602 | ) |
Net Loss | | $ | (7 | ) | $ | (341 | ) | $ | (1,571 | ) | $ | (2,112 | ) |
Slide 7 - FY 2009 and FY 2010 YTD Summary Balance Sheets
| | At September 30, 2009 | | At June 30, 2009 | | At June 30, 2008 | |
| | (Unaudited) | | (Audited) | | (Audited) | |
Cash | | $ | 982 | | $ | 785 | | $ | 1,520 | |
Working Capital | | $ | 2,195 | | $ | 2,013 | | $ | 2,889 | |
Long Term Debt | | $ | 753 | | $ | 744 | | $ | 1,276 | |
Stockholder’s Equity | | $ | 3,152 | | $ | 3,113 | | $ | 4,153 | |
Slide 8 — FY 2009 — Key Events of the Year
· July 2008
· Announcement of expansion of Hemorrhagic Fever Virus program
· Established AspirinWorks collaboration with SpectraCell Laboratories, a major clinical testing lab focusing on cardiovascular testing
· August 2008
· Established collaboration with BG Medicine to study role of AtherOx technology products in cardiac risk assessment
· September 2008
· Third U.S. patent issued for AtherOx technology
· October 2008
· CHARISMA study published — prospective study confirms elevated levels of 11dhTxB2 indicate increased risk of heart attack, stroke and cardiac death
Slide 9 — FY 2009 Key Events of the Year
· January 2009
· Announced two additional AtherOx patents (one in the U.S. and one in the EU), bringing the total number of AtherOx patents issued to five (5)
· Announced a new collaboration with Battelle for bio-defense related products
· March 2009
· Publication of POLYCAP study which included AspirinWorks
· Initial phase of debt restructure
· May 2009
· Announcement of second major NIH grant to study Lassa fever
Slide 10 — FY 2009 Accomplishments
· Improvement in Cost of Goods Sold
· 2.2% reduction in Operating Expenses
· Operating loss decreased 42%
· Interest expense decreased 15.8%
· Net loss decreased 25.7%
· EBITDA increased almost 400% to $404,000
· Strengthened our patent position
· Major advancement in several important strategic programs
· Expanded US and international distribution network
Slide 11 — FY 2009 Disappointments
· Revenue declined 3.6% over prior year
· Reduction in operating expenses, given level of sales, still insufficient to achieve profitability
· Reduction in sales to one contract manufacturing customer impacted revenues in first half of FY 2009
· AspirinWorks business growing but slower than original expectations
Slide 12 — FY 2010 Goals
· Return to positive revenue growth
· Continued improvement in operating income, EBITDA, and overall financial strength
· Keep operating expenses under control
· Build foundation of market for AspirinWorks and generate meaningful revenue
· Advance science of AtherOx and prepare for next FDA 510(k) filing
· Continue progress of viral program and launch first products
· Enhance contract manufacturing business with new strategic alliances
Slide 13 — FY 2010 YTD Key Events of the Year
· July 2009
· American Medical Association (AMA) establishes new CPT code for reimbursement of AspirinWorks
· October 2009
· Announced securing $1.75 million asset based credit facility to further restructure debt
· December 2009
· Fully retired convertible debt from 2005 and 2006 financings
· Announced new contract manufacturing agreement with BG Medicine
Slide 14 - FY 2010 YTD Accomplishments
· On pace for a record sales year
· Expenses under control
· New CPT code for AspirinWorks
· Had a solid first quarter
· Revenue grew 2.2% over prior year
· 14% reduction in Operating Expenses
· 73% reduction in interest expense
· Doubling of EBITDA to $181,000
· Further restructured debt
Slide 15 — FY 2010 YTD Disappointments
· Ramp up of AspirinWorks revenue still lagging behind original projections
· The medical products industry as a whole has not fully recovered from the difficult economy although we are seeing improvement
Slide 16 — Plan for FY 2011 and FY 2012
· Return to double digit revenue growth via accelerated growth from new products
· Accelerate new product clearances from the FDA
· Expand contract manufacturing business
· Achieve positive and continuously improving operating income and EBITDA
· Enhance shareholder value
· �� Build on strategic partnerships
· Maintain superior quality system to ensure full regulatory compliance
· Expand delivery technology capabilities