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CORPORATE PROFILE:
CV Technologies Inc., (TSX:CVQ) founded in 1992, strives to transform people’s lives to be healthier and happier by focusing on prevention and recovery through the use of evidence-based naturally-derived health products. The Company's lead product COLD-fX® strengthens the immune system and is widely used as a leading over the counter remedy (OTC) for helping to prevent and relieve cold and flu infections.
Investment Highlights:
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COLD-fX® approved by Health Canada to fight colds and flu by boosting the immune system |
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COLD-fX remains the #1 selling cold and flu remedy in Canada* |
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#1 pharmacy recommended natural cold and flu remedy in Canada |
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Company is optimally positioned in the growing market for wellness approach to health maintenance and prevention of disease with natural based products |
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Ongoing scientifically rigorous research into applying our proprietary products and technology to medical conditions/diseases such as cancer, high cholesterol, blood pressure management |
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Exploring licensing our intellectual property for use in other industries e.g. functional foods/animal supplements |
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Strong balance sheet/cash flow to support existing operations and domestic/international growth opportunities |
*Source: ACNielsen Brand Overview, National All Channels Total Cold Remedies (including Antihistamines) and Natural Supplements for 52 weeks ending March 15, 2008
Milestones:
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Clinical trials: Two clinical trials have completed their treatment phase and are now in the analysis phase:
1) a Canadian multi-centre trial examining the impact of a two-fold higher dose of COLD-fX on upper respiratory infections in vaccinated seniors, versus the standard approved dose, and 2) a trial assessing the safety and immune enhancing effects of a three-day high dose of COLD-fX on front-line medical workers at Hackensack Medical Center in the United States. To ensure study integrity is maintained, both studies remain under blinded conditions while in the analysis phase. We anticipate the results of these studies will extend the understanding of the optimal conditions of use for COLD-fX and how it works, as well as add to the safety profile. Results of both studies are expected in the fourth quarter of fiscal 2008. |
Key Facts:
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CVQ trades on the Toronto Stock Exchange |
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Spin off from Faculty of Medicine, University of Alberta in 1992 |
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Life sciences company with product development focused on evidence-based preventative health care |
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Breakthrough patented discovery/standardization technology is ChemBioPrint®, a crucial competitive advantage |
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Clinical trials: science and evidence-based, double-blind, placebo-controlled, randomized |
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Lead commercialized products: COLD-fX®, REMEMBER-fX® and CELL-fX® |
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Health Canada product license to sell COLD-fX under a therapeutic claim to reduce the frequency, severity and duration of cold and flu symptoms by boosting the immune system |
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U.S. FDA clearance to sell COLD-fX as an immune enhancing, New Dietary Ingredient (NDI) |
Strategy:
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Extend leading position in Canada and dominate all key regional markets |
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Enhance product/brand recognition and build on socially conscious, healthy, green image |
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Grow existing business via new distribution channels, marketing and advertising, and product pipeline extensions |
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Pursue licensing opportunities and international partnerships |
Lead Commercial Products:
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COLD-fX® Regular & Extra Strength - For prevention and relief of colds and flu and strengthening the immune system |
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REMEMBER-fX® - Helps temporarily restore mental alertness or wakefulness when experiencing fatigue or drowsiness |
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CELL-fX® - Helps relieve symptoms of bone and joint pain and helps in the formation of connective tissue |
| Financial
Highlights |
| ($000s,* except as noted) |
2nd quarter
March 31, 2008
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2nd quarter
March 31, 2007
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Year to date
March 31, 2008
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Year to date
March 31, 2007
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| Revenue |
10,715 |
7,850 |
31,990 |
30,464 |
| Gross
profit |
7,518 |
5,569 |
23,335 |
22,279 |
| *Gross
margin (%) |
70.2% |
70.9% |
72.9% |
73.1% |
| (Loss) Earnings
before tax |
(971) |
(2,123) |
9,438 |
(2,864) |
| (Loss) Earnings after tax |
(768) |
(3,296) |
6,031 |
(6,880) |
| *(Loss) Earnings
per share – Basic |
$(0.01) |
$(0.03) |
$0.06 |
$(0.07) |
| *(Loss) Earnings
per share – Diluted |
$(0.01) |
$(0.03) |
$0.06 |
$(0.07) |
| Cash
position |
13,936 |
11,431 |
13,936 |
11,431 |
| Total
assets |
42,177 |
49,254 |
42,177 |
49,254 |
| Working
capital |
11,533 |
7,654 |
11,533 |
7,654 |
| *Common
shares outstanding |
105,613,506 |
103,551,006 |
105,613,506 |
103,551,006 |
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| DIRECTORS: |
CORPORATE OFFICE |
Gordon G. Tallman, ICD.D, Chairman
Kit Chan, Vice Chairman/Lead Director
Maurice (Ted) Bilyea, MA
Robert B. Church, PhD, MSc
J. Douglas Gilpin, CA
Jacqueline J. Shan, PhD, DSc
Patricia Trottier
David T. Weyant, QC
Hunter M. Wight
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9604 20th Avenue
Edmonton, Alberta T6N 1G1
Phone: (780) 432-0022
Fax: (780) 432-7772
Toll Free: 1-888-280-0022
www.cvtechnologies.com
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| OFFICERS |
REGISTRAR AND TRANSFER AGENT |
Jacqueline J. Shan, PhD, DSc
President, Chief Executive Officer and Chief Scientific Officer
Ross Montagano
Chief Operating Officer
Nazir Noormohamed
Chief Financial Officer
Lei Ling, PhD
Vice President, Product Development
G. Warren Michaels
Vice President, Communications
Frederick Pittman
Vice President, Sales
Sharla Sutherland, PhD
Vice President, Scientific & Regulatory Affairs
Wallace Yit, MBA
Vice President, Operations
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Computershare Trust Company of Canada
Calgary, Alberta
1-800-564-6253 or (514) 982-7555
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| STOCK EXCHANGE LISTING |
Toronto Stock Exchange
Trading Symbol: CVQ
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| INVESTOR RELATIONS |
Jane Tulloch
Director, Investor Relations
9604 20th Avenue
Edmonton, Alberta T6N 1G1
Toll Free: 1-888-280-0022
Direct: (780) 577-3724
Email: IR@cvtechnologies.com
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