0001354488-11-003661.txt : 20111003 0001354488-11-003661.hdr.sgml : 20111003 20111003151017 ACCESSION NUMBER: 0001354488-11-003661 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111003 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111003 DATE AS OF CHANGE: 20111003 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BIOLIFE SOLUTIONS INC CENTRAL INDEX KEY: 0000834365 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 943076866 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18170 FILM NUMBER: 111119857 BUSINESS ADDRESS: STREET 1: 3303 MONTE VILLA PARKWAY STREET 2: SUITE 310 CITY: BOTHELL STATE: WA ZIP: 98021 BUSINESS PHONE: 4254011400 MAIL ADDRESS: STREET 1: 3303 MONTE VILLA PARKWAY STREET 2: SUITE 310 CITY: BOTHELL STATE: WA ZIP: 98021 FORMER COMPANY: FORMER CONFORMED NAME: BIOLIFE SOLUTION INC DATE OF NAME CHANGE: 20030113 FORMER COMPANY: FORMER CONFORMED NAME: CRYOMEDICAL SCIENCES INC DATE OF NAME CHANGE: 19920703 8-K 1 blfs_8k.htm CURRENT REPORT blfs_8k.htm




SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

______________________________

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934


October 3, 2011
Date of report (Date of earliest event reported)

____________________________________


BIOLIFE SOLUTIONS, INC.
(Exact Name of Registrant as Specified in Charter)
 
 Delaware    0-18710    94-3076866
 (State or Other Jurisdiction of Incorporation)     (Commission File No.)     (IRS Employer Identification No.)
         
                                                                                                                                                          
3303 Monte Villa Parkway, Bothell, WA 98021
(Address of principal executive offices, including zip code)

(425) 402-1400
(Registrant’s telephone number, including area code)

____________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 


 
 
 
 

ITEM 8.01.   Other Events
 
On October 3, 2011, the Company issued the press release attached hereto as Exhibit 9.01(g).
 
ITEM 9.01.   Exhibits
 
(g)           Press release dated October 3, 2011.
 
 

 
2

 
 
Signatures:

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
BIOLIFE SOLUTIONS, INC.
 
       
Date:  October 3, 2011
By:
/s/ Daphne Taylor  
   
Daphne Taylor
 
   
Chief Financial Officer
 
       
 

 
 
3

 
 
EXHIBIT INDEX


 
Exhibit Number   Description
     
9.01(g)   Press release dated October 3, 2011.
 

                                                               
                                                                           
EX-9.01(G) 2 blfs_ex901.htm PRESS RELEASE blfs_ex901.htm
Exhibit 9.01(g)

 
BioLife Solutions Q3 2011 Revenue Up 36 Percent Year over Year at $715,000; Up 15 Percent Over Q2 2011

More than 300 Direct and Indirect Customers Now Providing Solid Growth Foundation

 
BOTHELL, Wash., October 3, 2011 /PRNewswire/ -- BioLife Solutions, Inc. (OTCBB: BLFS), a leading developer and manufacturer of clinical grade biopreservation media products for cells and tissues and contract media manufacturer, today announced preliminary record revenue of $715,000 for its third quarter ended September 30, 2011; an increase of 36 percent compared to revenue of $525,000 reported in the same period last year. Sequentially, third quarter 2011 revenue increased 15 percent from the second quarter of 2011.
 
Mike Rice, Chairman and CEO, commented on BioLife's fifth consecutive quarter of record revenue by stating, "Despite the sustained sluggish worldwide economy, our revenue and customer base continued to grow as we shipped orders for BloodStor®, CryoStor®, and HypoThermosol® to several new and most existing customers in our strategic markets of regenerative medicine, biobanking, and drug discovery."
 
In leveraging its GMP production capacity and facility, BioLife also generates contract manufacturing revenue by performing aseptic media formulation, fill, and finish services for strategic customers, including OriGen Biomedical, a leading provider of biologic packaging products and biopreservation reagents, and also for a multi-billion dollar revenue life sciences and industrial filtration products company.
 
Rice continued, “We had a solid quarter of contract manufacturing revenue and are aggressively pursuing new business opportunities.  We also received significant orders from our distribution partners, with revenue for nine months of 2011 from distributors at 200 percent of our total revenue from this channel for all of 2010.  We are completely focused on growing our top line revenue to enable the Company to reach operating profitability.  Our third quarter performance illustrates the sustained progress we have made."
 
BioLife will be exhibiting and presenting at the AABB Annual Meeting and Cellular Therapy and Transfusion Medicine Expo, October 23-25, 2011 in San Diego, CA.  For more information, please visit http://aabb.org/annualmeeting.
 
The Company now provides updates via Twitter.  Follow BioLife here: http://twitter.com/#!/biolifesol
 
About BioLife Solutions, Inc.:
 
Founded in 1998, with the initial development of its intellectual property base in 1992, BioLife Solutions develops, manufactures, and markets patented hypothermic storage/transport and cryopreservation (freeze) media products for cells, tissues, and organs, and also performs contract media manufacturing and contract research and development. The Company's proprietary HypoThermosol and CryoStor platform of biopreservation media products are marketed to academic research institutions, hospitals, and commercial companies involved in cell therapy, tissue engineering, cord blood banking, drug discovery, and toxicology testing. BioLife's GMP products are serum-free and protein-free, fully defined, and pre-formulated to reduce preservation-induced, delayed-onset cell damage and death.  US FDA Master Files are available for cross-reference. BioLife's enabling technology provides research and clinical customers significantly extended storage stability and improved post-preservation viability and recovery of cells, tissues, and organs.  For more information please visit www.biolifesolutions.com.
 
Safe Harbor Statement
 
This shareholder communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements about BioLife Solutions, Inc. (the "Company") and its future operating results, strategies, and product development plans. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially from the results expressed or implied in these forward-looking statements. Factors that may cause or contribute to such differences are more fully discussed, as are other factors, in Part I, Item1A. "Risk Factors" of the Company's Form 10-K for the fiscal year ended December 31, 2010, which is on file with the SEC and available at www.EDGAR.com. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so except as may be legally necessary, even if the Company's estimates should change.
 
Media Relations:
Investor Relations:
 
Len Hall
Matt Clawson
 
Allen & Caron Inc
Allen & Caron Inc
 
(949) 474-4300
(949) 474-4300
 
len@allencaron.com
matt@allencaron.com