Forms 8-K

Below please find topical corporate news covering the financial situation of the company, the development and marketing progress of our projects and products as well as changes in management.

 

10.11.2009

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Mexican Health Authorities Present Sangui Wound Healing System at International Convention

Witten, Germany, November 10, 2009 - Dr. Javier Garcia Luna, Chief Investigator of the recently accomplished comparative wound healing study carried out in Cd. Victoria, Tamaulipas, Mexico, presented its results in front of numerous representatives of Latin American Health Authorities.

The study of two groups of patients, one being treated with conventional methods, the other one using the Sangui wound healing Hemospray had "clearly shown HEMO2SPRAY to be vastly superior in therapeutic efficiency", as the official report concludes. Setting the scene for this lecture was the annual congress "Foro Nacional de Tecnologias para la Salud" organized by the "Centro Nacional de Excelencia Tecnologica en Salud" in Mexico City (National Centre for Technological Excellence in the Health Sector), the most important international event of its kind in Central America. Only a few out of hundreds of abstracts submitted are invited to a fully fledged presentation in one of the forums.

Sangui Latin America SA de CV und Sangui BioTech are enthusiastic about the outcome of the study and extend their gratitude to the doctors and medical staff on location who carried out this study according to leading edge professional standards. Excerpts from Dr. Luna's presentation who also serves as a high ranking official of the Tamaulipas Ministry of Health are now available on the corporate website www.sangui.de.


29.10.2009

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Tamaulipas Comparative Wound Healing Test Treatment Successfully Concluded

Results Confirm Unique Properties of Hemospray

Witten, Germany, - October 29, 2009

The comparative study of chronic wound treatment at the Hospital Civil of Cd. Victoria, Tamaulipas, Mexico, was concluded successfully. Due to the significantly superior therapeutic success the Ministry of Health ordered the control to be abandoned and moved to HEMO2SPRAY treatment for ethical reasons. 22 of the 24 patients within the HEMO2SPRAY group were healed completely, while 22 of the 24 patients of the control group showed no comparable progress. Moreover, additional patients suffering from diabetic foot disease were successfully treated with Hemospray. The total healing ratio is significantly higher than 75%.

These results were presented to health system representatives of several Latin American countries in Mexico City by the Chief Investigator of the study.

The results are currently being evaluated by the State Health Authorities of Tamaulipas who sponsored the study.

Apart from this, a considerable share of the patient data were crosschecked and evaluated by Sangui in Witten. It turned out that these data confirm the results as previously indicated. Sangui regards this outcome as a confirmation of the outstanding efforts made by the teams on location and as a great success of its systematic competence in wound healing.


09.02.2009

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Telephone sales boost Sangui's cosmetic business, new prospects

Witten, Germany, February 9, 2009 - Telephone sales activities dedicated to specialized resellers like beauty and wellness parlors initiated in December 2009 have begun boosting SanguiBioTech's cosmetics business. Several hundreds of beauty parlors requested and received an information package. As many as 175 cosmetic experts underpinned their interest to offer PureMoisture to their clients by purchasing a two product PureMoisture starter set. Given the fact that sales were interrupted for the holiday season, this is an extraordinary result, experts say. An increasing part of the new customers has started ordering additional quantities. The telephone marketing provider and staff rely on a database of proven addresses and were given extensive trainings by Sangui marketing. Another row of additional addresses will be contacted over the next couple of weeks.

In view of the promising results in Germany contacts will be established to reliable telephone marketing providers on an international scale. New contacts to selected key media may eventually increase public awareness (also for the PureMoisture web shop) and help create additional demand.

Moreover, test quantities were provided to one large US cosmetics retailer as well as to a large shipping company operating a fleet of cruisers in the Caribbean planning to offer their passengers wellness treatments based on PureMoisture during the next cruise of their flagship.

To a considerable extent, these activities originate from the cooperation between SanguiBioTech GmbH and Fanales GmbH announced in October 2008. Fanales Managing Director Hans Wollmann explains: "Cosmetics is one of the toughest markets around. But Sangui has a revolutionary concept which needs special promotion apart from the trodden paths of mainstream body and face care." - "After having gained a deeper insight into the industry, we find that the personal introduction of an innovative concept to experts who are willing to become our resellers simply yields better results than any previous attempt"; Hubertus Schmelz, Managing Director of Sangui GmbH adds.


19.12.2008

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Sangui shareholders elect directors, authorize capital

Witten, Germany, December 19, 2008 - The general meeting of shareholders of Sangui BioTech International, Inc., has resolved upon the proposals as submitted by the board of directors. Participating were 50.7% of the total of 50,000,000 shares issued and outstanding. The meeting which had taken place on November 18, 2008 had been adjourned to December 16, 2008 in order to permit additional shareholders to submit their votes.

The Board of Directors now consists of Joachim Fleing, Hubertus Schmelz and Thomas Striepe. Over 97% of votes were cast in favor of these nominees. The amended and restated Articles of Incorporation of the company were approved by 71.4% of votes. The remaining proposals all obtained a majority of above 70% and are thereby approved and ratified.


11.12.2008

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State of Tamaulipas (Mexico) starts clinical study involving Sangui wound management system

Witten, Germany, December 11, 2008 – Sanguis BioTech Latino América and the Servicios de Salud de Tamaulipas, the Mexican State of Tamaulipas Health Authority have started a clinical study regarding the treatment of chronic wounds at the Civil Hospital "Dr. José Macia Hernadez" in Ciudad Victoria, the capital of Tamaulipas. According to an agreement signed to this effect December 4, 2008, a total of 80 patients suffering from chronic wounds will be treated competitively in groups of 40 patients each either according to the classic medical wound therapies or according to the wound management system as developed by SanguiBioTech. Signing the contract on behalf of the State of Tamaulipas were the Minister of Health Sr. Dr. Rodolfo Torre Cantu, the Under Secretary of State Sr. Amerigo Villareal Anaya, as well as the Managing Director of the Hospital Sr. Dr. Jesus Flores Robles.

Mexico is suffering from the second largest diabetes rate in the world, spending more than US $ 30.000.000.000 per year to fight its dire consequences. A special area of the Hospital Dr. Hernadez has been dedicated to those treatments, and special equipment for measurements, evaluation and supervision was installed. Results of the treatments will be measured against a joint medical protocol. The treatments were started immediately; initial results are expected to be available by the end of the first quarter of 2009.

On the occasion of the signing of the contract representatives of the Tamaulipas Health Authorities expressed their confidence that a success of the Sangui system will help hundreds of thousands of Mexican citizens to find relief from yearlong sufferings and to regain their quality of life. They underlined that also the entire public health system would benefit substantially from implementing an effective system for healing chronic wounds by way of substantial cost savings. Eduardo Mena, CEO of Sanguis BioTech Latino América, said: "Together with our German partners, we have invested heavily to show the Mexican people and its authorities that this major health problem can be tackled successfully. So, we are excited about the opportunity to put the Sangui system to an official test, where we can demonstrate the efficiency of our innovative approach."

Having acted as a co-signatory to the agreement, Hubertus Schmelz, Managing Director of SanguiBioTech GmbH, was impressed by the attention paid to this test by numerous high ranking officials: "Evidently, there is a strong awareness of the benefits to be gained from our wound management system. Our partners at Sangui LA have done a great job to demonstrate its potential and hence to attract the commitment of the Public Health System to actually implement it in case the results are as expected."


29.10.2008

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SanguiBioTech presented wound management products at leading Jordan medical institutions

Witten, Germany, October 29, 2008 - Management and medical staff of SanguiBioTech GmbH held a series of presentations at leading medical institutions in the Kingdom of Jordan in the week of October 20, 2008. Visited were, among others, the central military hospital of the Royal Medicine Services, the headquarters of Jordan Civil Defence, which also directs Jordan's entire emergency rescue system, the King Abdullah University Hospital in Irbid (http://www.kauh.jo/kauh/english/index.aspx), as well as Jordan's largest health center, the Al Basheer Hospital in Amman.

Along with top representatives of the respective hospital managements high ranking surgeons and rescue doctors as well as directors of cardiological, dermatological, oncological and orthopedical departments participated in the meetings which were attended by about 20 to 30 persons each. Introduced were the Chitosan based wound dressings, i.e. the already registered CHITOSKIN dressings as well as the newly developed dressing for surgical applications. Moreover, the presentations extended to the wound healing system for chronic wounds including SCABREMOVE and HEMO2SPRAY. Products and concepts met thorough interest and were intensely discussed among the experts.

The series of presentations had been organized by Abu-Jabir Industrial and Marketing Consulting (www.abu-jabir.com). Besides its headquarters in Amman, Jordan, Abu-Jabir operates subsidiaries in the United Arab Emirates and in Egypt. Sharif Abu-Jabir, founder and president of this enterprise, emphasized: "Since the inception of our close cooperation with Sangui in spring 2007 we have established the basis for widespread business activities in the Arab countries. The current status lets us expect a sound and sustainable demand for Sangui products after having them registered." The distribution partner in Jordan will be the pharmaceuticals trading house Nobles Medical Supplies Company Ltd.

Sangui Managing Director Hubertus Schmelz was impressed by the success of the presentations: "We have had the opportunity to visit large, top modern and excellently equipped hospitals, which influence the wound care system of the entire Kingdom. The positive reactions of the medical experts as well as the highly professional support provided by Abu-Jabir and by its distribution partners give rise to considerable expectations for our future cooperation." It was too early, however, Schmelz added, to prepare a reliable time frame and business plan.


22.10.2008

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Sangui BioTech International, Inc., reports sales decrease, continued losses

Shareholders' Meeting to be held on November 18, 2008

Witten, Germany, October 22, 2008 - Sangui BioTech International, Inc., published its financial statements for its fiscal year ended June 30, 2008, on October 21. According to the report on form 10-KSB as filed with the SEC the company yielded sales of its cosmetics and wound management products in the amount of approximately USD 207,000 a decrease of 44% as compared with sales revenues of approximately USD 372,000 in the previous year. The decrease is attributable to the company's focus on product development (new cosmetics series, new surgical application of Chitoskin wound pads) and a lower return on marketing efforts with respect to cosmetic products. This also entailed higher research and development cost as well as an increase in General and administrative expenses.

The company reports a net loss for the year of approximately USD 854,000 (2007 net loss: approximately USD 721,000). The resulting accumulated deficit amounts to approximately USD 23.3 million. Total shareholders' deficit as of June 30, 2006 stands at approximately USD 1.1 million. Net cash used in operating activities of approximately USD 1.1 million was offset by cash inflows from financing activities (net of effects of exchange rates) in the amount of approximately USD 1.4 million.

Operations in the 2008 financial year were financed by investments from several European investors in the amount of approximately USD 994,000. In accordance with US-GAAP the amount is shown as foreign currency translation adjustments in the profit-and-loss statement.

The company invites its shareholders to attend the General Meeting of Shareholders on November 18, 2008 on the premises of the Forschungs- und Entwicklungszentrum in Witten, Germany.


21.10.2008

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SanguiBioTech GmbH and Fanales GmbH cooperate in marketing and sales of PURE MO2ISTURE cosmetics

Witten, Germany, October 21, 2008 - SanguiBioTech GmbH and Fanales GmbH, Recklinghausen, Germany, intend to cooperate in marketing and sales of PURE MO2ISTURE cosmetics. The agreement to this effect comprises an initial test phase of six months. Under the terms of the mutually non-exclusive agreement, Fanales will sell Sangui's PURE MO2ISTURE cosmetics in a specialized shop in Dusseldorf and strive to establish additional distribution channels. Sangui will deliver the required quantities and provide information and marketing support.

For many years Fanales' Managing Director Hans Wollmann served with Evonik-Degussa, where his most recent position was Director Marketing & Sales of the French subsidiary Rexim S.A. Rexim S.A. being one of the world's leading manufacturers of amino acids, Hans Wollmann has excellent contacts in the global cosmetics industry.


17.09.2008

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Shareholders' meeting delayed
to include FY 2008 report

Witten, Germany, September 17, 2008 - Sangui BioTech International, Inc., is currently preparing its financial statements for its 2008 financial year (ended June 30, 2008). The ensuing report on form 10KSB will be filed with the SEC and made public in due course. It will be included in the proxy materials for the forthcoming annual shareholders' meeting. This was also requested in a letter by the SEC. Subsequently, the shareholders' meeting will be delayed by a few weeks. Shareholders will be informed about the new schedule immediately after the pertaining resolutions will have been passed by the Board of directors.


08.09.2008

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Sangui BioTech International, Inc. files remaining reports;
shareholders' meeting to be held on October 9, 2008

Witten, Germany, September 8, 2008 - On Wednesday, August 27, 2008, Sangui BioTech International, Inc., filed with the SEC its financial statements on Form 10KSB for the 2007 financial year (ended June 30, 2007) as well as the quarterly reports on Forms 10QSB for the quarters ended September 30, 2007, December 31, 2007 as well as March 31, 2008. The company is now current with its SEC filings.

The Board of Directors has set the date for the forthcoming shareholders' meeting at October 9, 2007 at 11 a.m. Central European Time. It will take place in Witten, Germany. The preliminary agenda and proxy statement are available here on the corporate website www.sanguibiotech.com. All documents as well as the date of the meeting are subject to SEC approval, Shareholders will be informed of any changes via the corporate website.


20.06.2008

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Sangui BioTech files three 2007 quarterly reports, sales increased, losses continue

Witten, Germany, June 20, 2008 - Sangui BioTech International, Inc., has now filed its quarterly reports on Form 10QSB with the SEC covering the quarters ended September 30, 2006; December 31, 2006, and March 31, 2007. In the first nine month of its 2007 financial year the company generated sales of approximately USD 345,000 as compared to approximately USD 95,000 in the first nine months of FY 2006. Operating expenses amounted to almost USD 600,000. The increase as compared to the USD 356,000 in the previous year period is due to increased efforts to expand operations to international markets. The company incurred a net loss of approximately USD 486,000. Sangui used cash in operating acitivities of approximately USD 457,000 (2006 period: approximately USD 242,000). The company's accumulated deficit amounted to USD 22.3 million as of March 31, 2007.

Apart from the contribution margin generated from sales of its cosmetics and wound management products, operations in the first nine months of FY 2007 were financed by investments from several European investors in the amount of approximately USD 543,000. In accordance with US-GAAP the amount is shown as Foreign currency translation adjustments in the profit-and-loss statement and as Effect of exchange rate changes in the cash-flow statement respectively.

In the first nine months of its financial year 2008 (July 1, 2007 through March 31, 2008), Sangui BioTech International, Inc., generated hardly any sales. The company invested in identifying and establishing new sales opportunities in international markets, to wit Mexico and the Arab countries, as well as in the approval process of its Hemospray wound spray in accordance with European, Mexican and US regulations. Ensuing losses were financed by continued investments from several European investors.


05.06.2008

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Experts confirm HEMO2SPRAY safety
Sangui submits milestone documentation to Notified Body

Witten, Germany, June 5, 2008 - As a part of the registration of its HEMO2SPRAY wound spray according to the CE standards of the European Union SanguiBioTech GmbH now submitted comprehensive documentation to the Notified Body. Among a broad array of requested documents, this important milestone includes the required independent expert opinions about the toxicological and virological status of the product.

The virological opinion analyses potential risk factors in the raw material and describes the production process with special emphasis on its ability to remove eventually existing virusses from the product or to inactivate the remainders. According to the opinion the high temperature treatment and micro-filtration stages of the production process provide a sufficient safety margin.

After a detailed appreciation of the therapeutical experiences the toxicological opinion concludes that "in view of the expected improvements of wound healing the use of HEMO2SPRAY is a positive element of wound management. Hemoglobin and its degradation products in the intended application form and quantities are safe for patients, staff and third persons. Subsequently, the benefit/risk ratio for HEMO2SPRAY is positive."

The next stage of the registration process consists mainly of the validation of the production process from the generation of the raw material to the end product."


28.05.2008

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HemCon and Sangui joint press release:

HemCon Medical Technologies Leverages Sangui Technology to Expand its Wound Care Products Line

PORTLAND, Ore. - May 28, 2008 - HemCon Medical Technologies Inc. today announced it will use Witten, Germany-based SanguiBioTech GmbH's CHITOSKIN technology platform to help further innovations in hemostatic bandages and wound care dressings for the acute care market.

Under the terms of the agreement, HemCon will leverage Sangui's technology platform to enhance and expand its product offerings for surgical and wound care. HemCon developed the chitosan-based hemostatic HemCon® Bandages and ChitoFlex® dressings that are used by military and medical first responders as well as health care professionals around the globe.

"We explored a wide variety of technology platforms to add to our new surgical and wound care offerings and feel that the Sangui chitosan platform offers great opportunities to enhance our solutions," said John W. Morgan, president and CEO of HemCon. "We're committed to continuing our investment to develop new choices for medical professionals and consumers. This agreement is an important step forward in realizing the full potential of chitosan-based products."

SanguiBioTech GmbH is a wholly owned subsidiary of Sangui BioTech International, Inc. Sangui BioTech International focuses on vascular and hemostasis products. The firm specializes in developing oxygen-carrying agents to treat blocked arteries, anemia or acute blood loss through SanguiBioTech GmbH.

"We are proud to enter into an agreement with HemCon and offer our chitosan platform to help innovate new surgical and wound care products," said Sangui Managing Director Hubertus Schmelz. "There is definitely a demand for products that can adapt to specific medical needs, especially as it relates to wound care."

HemCon retains exclusive worldwide market and distributing rights for products developed under this structured financial agreement. HemCon will submit developed products for U.S. approvals to the FDA, while Sangui will prepare documentation for registration in the European Union.

About HemCon Medical Technologies Inc.

HemCon Medical Technologies Inc., founded in 2001, develops, manufactures and markets innovative products and technologies to improve patient care and control infection. The flagship hemostatic HemCon dressings are used by military and civilian first responders as well as medical professionals in hospital, dental and clinical settings where rapid control of bleeding is of critical importance. In addition HemCon develops and licenses unique technology platforms and delivery systems for us in the cosmeceutical, wound care, and cardiovascular health markets. Synpart, a wholly-owned, European subsidiary of HemCon is a leading designer and manufacturer of general oral care products. HemCon corporate headquarters reside in Portland, Oregon with additional commercial operations Ireland; England; Germany and the Czech Republic. For more information, please visit www.hemcon.com.

About SanguiBioTech GmbH

SanguiBioTech GmbH is a wholly-owned subsidiary of Sangui BioTech International Inc. (www.pinksheets.com: SGBI). Established in 1995, the company focuses on improving the oxygen supply to the human body. The company has developed a range of products providing oxygen to the healthy as well as to the damaged skin and distributes medicosmetics as well as wound management products in Europe and other international markets. One of its core technologies is the patented Chitoskin technology range, a unique and multi purpose chitosan based wound dressing family.


20.05.2008

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Sangui reports first actual order from Arab countries

Witten, Germany, May 20, 2008 - Future Health Est., based in Jeddah, Saudi Arabia, has now purchased an initial quantity of CHITOSKIN wound dressings, SanguiBioTech GmbH reports today. Future Health Est. is a distributor of various medical and other goods in Saudi Arabia.

Sangui Managing Director Hubertus Schmelz underlines that efforts to enter the Arabian markets had never been interrupted: "Over the past months we have been in constant contact with our Arabian partner. We are very glad that this cooperation now starts to come to fruition. Although there is no commitment yet with regard to future additional orders it is our aim in the medium term to establish an ongoing business relationship."


21.04.2008

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Investors acquire share in Sangui BioTech GmbH

Witten, Germany, April 21, 2008 - A group of German investors is about to acquire up to 10% of the shares of SanguiBioTech GmbH, Witten, for a purchasing price of up to € 750,000. The acquisition will be effectuated by way of a capital increase which will be subscribed to by the investors. It will become effective after the investment sum will have been paid in on a Sangui account and after the capital increase will have been entered in the German register of commercial companies. The majority of those investors are already engaged as shareholders of Sangui BioTech International, Inc., and by subscribing to convertible promissory notes.

Hubertus Schmelz, Managing Director of SanguiBioTech GmbH, said: "We are glad that our investors show uninterrupted confidence in Sangui's future. Their thorough understanding of the long term perspective of our products and projects is highly appreciated. This renewed investment will mainly serve to finance ongoing business as well as special initiatives to promote further development, marketing and sales activities."


08.04.2008

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Sangui BioTech International, Inc., reports sales increase, continued losses

Wolfgang Barnikol resigns from executive positions

Witten, Germany, April 8, 2008 - Sangui BioTech International, Inc., published its financial statements for its fiscal year ended June 30, 2006, on April 3, 2008. According to the report on form 10-KSB as filed with the SEC the company almost tripled its sales of cosmetics and wound management products, although from a low level. In FY 2006, Sangui yielded sales of approximately USD 137,000 and a Gross Profit of approximately USD 19,000. Due to the ongoing cost containment program operating expenses were down 25% to approximately USD 758,000. The company reports a net loss for the year of approximately USD 743,000. The resulting accumulated deficit amounts to approximately USD 21.8 million. Total shareholders' deficit as of June 30, 2006 stands at approximately USD 384,000. Net cash used in operating activities of approximately USD 283,000 was partially offset by cash inflows from financing activities in the amount of approximately USD 235,000.

According to the 10-KSB report these conditions raise substantial doubt about the Company's ability to continue as a going concern. In order for the Company to continue its operations at its existing levels, the Company will require significant additional funds. Therefore, the Company is dependent on funds raised through equity or debt offerings.

Preliminary unaudited figures for Sangui's fiscal year ended June 30, 2007, indicate that Sangui yielded sales in this period of approximately USD 373,000. An increase in operating expenses which is attributable to increased marketing and sales efforts is the main factor for the resulting net loss of approximately USD 704,000. The company strives to file its pending quarterly and annual reports for its 2007 and 2008 fiscal years over the next couple of months.

Cornerstones of Sangui's current business include sales of cosmetics and wound management products through different distribution partners in Germany and abroad. Sales in several Arab countries are subject to their registration in the respective countries. Sangui is not involved in these registration procedures and has no influence on them. At present, there is no reliable basis to predict when sales will start and which volumes may be generated. Negotiations about raising a substantial mezzanine loan were now discontinued as conditions appeared to be unfavorable for the company. Further business opportunities are largely dependent on the successful registration of Sangui's Hemospray wound spray. The company's current plans anticipate that the registration for sales in the European Union may be obtained in the course of calendar year 2008.

The company currently has two employees as well as consulting agreements with five persons in charge of management and development acitivities. In the course of the 2007 calendar year several European investors provided cash inflows to the company of more than EUR 0.6 million.

Wolfgang Barnikol resigns from executive positions

Professor Wolfgang Barnikol has declared to lay down his positions as President, Chief Executive Officer and Chief Financial Officer of Sangui BioTech International, Inc.. He will continue to serve as a Member of the Board of the company and contribute his scientific and medical expertise to further promote Sangui projects. The Board of Directors has agreed to appoint Thomas Striepe as interim CEO and Joachim Fleing as interim CFO of Sangui International. Both will serve in this position until the election of a new Board of Directors on the occasion of the planned shareholders' meeting. Operations of the company will continue to be directed by Hubertus Schmelz, the Managing Director of SanguiBioTech GmbH the Witten based wholly-owned subsidiary.

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Remark:

Some of the statements contained in this news release discuss future expectations, contain projections of results of operation or financial condition or state other "forward-looking" information. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and is derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, among many others, the ability of the Company to raise sufficient capital to meet operating requirements.
Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates" and variations of such words and similar expressions are intended to identify such forward-looking statements. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

 

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