Please check with your distributor regarding product availability in your country.

Hospimetrix
Phone: +60 3 5122 5933
Fax: +60 3 5121 5306
Email: Sales@hospimetrix.com.my
Website: www.hospimetrix.com
Product Availability: FAST1®, T-POD®, MAT®, E-MAT™, CRIC™

Please check with your distributor regarding product availability in your country.

International Emergency Services S.L.
Phone: +34 902 112 911
Email: info@ies-nar.com
Website: www.ies-nar.com
Product Availability: FAST1®, T-POD®, MAT®, E-MAT™, CRIC™

Please check with your distributor regarding product availability in your country.
 
International Emergency Services S.L.
Phone: +34 902 112 911
Email: info@ies-nar.com
Website: www.ies-nar.com
Product Availability: FAST1®, T-POD®, MAT®, E-MAT™, CRIC™

The Company reported total sales of $6,050,421 for fiscal 2011, down 15% from $7,088,837 reported for fiscal 2010. This decline in revenue was primarily attributed to the significant reduction in sales during the fourth quarter resulting from reduced demand from the U.S.A. military market. Gross margin of $3,855,021 for the year ended September 30, 2011 decreased to 68% of the sales from 72% one year ago, primarily due to the lower sales. In addition, the continuous appreciation of the Canadian dollar against U.S dollar is another major contributor for the lower margin this year. The total operating expenses decreased 8% to $4,070,205 from $4,442,124 of last year as a result of lower expenses incurred on salaries and benefits, professional fees and travel expenses.

The Company also reported a net loss of $194,184 this year, or loss of $0.01 per share, compared to a net income of $283,415 or earning of $0.02 per share for fiscal 2010. Earnings before interest, depreciation, amortization and taxes (“EBITDA”) from continuing operations decreased to $530,284, 9% of the sales compared with the EBITDA of $1,041,438, or 15% of the sales for fiscal 2010.

For the fourth quarter ended September 30, 2011, the Company recorded sales of $995,611, a decrease of $1,638,184 or 62% as compared with $2,633,795 for the comparative quarter of fiscal year 2010. The operating expenses increased by 9% to $1,160,853. The net loss rose to $635,320 which reversed out the net income earned in the comparative quarter one year ago due to lower sales from the U.S.A. military in 2011.

As at September 30, 2011, the Company had a cash balance of $195,414 and working capital of $113,710, representing a decrease of $87,579 and $647,545 respectively, compared to the year ended September 30, 2010. The significant decline in working capital was caused by the decrease in sales combined with FASTx re-launch costs (estimated at US$2,000,000).

The Company is currently pursuing additional debt and/or equity financing to fund its working capital needs. Management hopes to secure the necessary financing through the combination of new credit facilities and issuance of new equity or convertible debt instruments. There can be no assurance that these initiatives will be successful.

The Company also announced that one of the Audit Committee members Michael Jacobs has resigned from the Audit Committee leaving three remaining members, the majority of which the Company believes to be independent, and thus the resignation will not impact the ability of the Committee to function as required by TSXV Policies.

Full financial results for fourth quarter fiscal 2011 are available on the Pyng website under Investor Relations > Financials or on the SEDAR website at www.sedar.com.

SOMA Update

Pyng recently attended SOMA, the Special Operations Medical Association annual conference. The gathering of Special Operations Medical Association (SOMA) members is directed toward the education and training of the Special Forces/Special Operations Forces Medic, who often alone and unsupported, in perilous tactical or non-tactical circumstances, are responsible for the health care of the team and surrounding indigenous population (including non-combatant civilians).

By providing the forum for these military and civilian personnel from around the world to meet and exchange ideas, the SOMA seeks to advance the science, technology, and skills of this group to increase survivability, against the odds, for the people under their care. The SOMA conference includes medics from the Army, Navy, Air Force and Marines. With over 700 attendees, representing 21 countries, paramilitary medics now attend such as the FBI, SWAT, DEA, firefighters, etc.

Pyng was very honoured to have been able to participate in the conference again this year, where top leaders from major army training centers from around the world were in attendance and showed their commitment to Intraosseous Infusion. The special operations communities worldwide continue to have a strong commitment to the FAST1® and are now showing an interest in the MAT® Tourniquet and the T-POD® Pelvic Stabilization Device.

The SOMA show again exhibited an increasing interest and presence from the International community and NATO. There was a high degree of interest from the International attendees on pelvic stabilization for special forces applications.

Pyng salutes SOMA and all the medics that serve to protect us and their fellow troops.

ATACCC Update

In August, the Pyng Medical team attended ATACCC – Advanced Technology Application for Combat Casualty Care. ATACCC is the DOD's premier scientific meeting that addresses critical advances in trauma medicine and the unique medical needs of the warfighter. The show focuses on the growing and changing operational issues and the technologies available today and in the future that can be used to meet these increasingly complex goals.

Pyng Medical featured its FAST1®, MAT® and T-POD® products.

Upcoming Tradeshows

Pyng will be attending the annual EMS State of the Science Conference, or more commonly known as “A Gathering of Eagles” in Dallas at the end of February. This year, Pyng will be a Gold Sponsor at the conference, showing our commitment to the Eagles group and the leadership these Medical Directors provide to the EMS community. For more information on this show, please visit the website at http://gatheringofeagles.us/.

Pyng Staff Announcement

Shaun Granleese is the new Senior Operations Manager at Pyng Medical.

Shaun has fifteen years of senior management experience guiding product development, production, and quality assurance with public and private technology and medical device companies. He was the Director of Operations and Production at Perceptronix Medical Inc., which develops products using tissue imaging for quantitative cytology and pathology, and tests for the early diagnosis of cancer.

Prior to joining Pyng Medical, Shaun was the Director of Operations at Progressive Health Innovations, a Vancouver based medical device company that provides products to the rehabilitation and sports medicine markets. At Pyng, he is responsible for manufacturing and the supply-chain of all Pyng Medical products.

Letter to the Editor

Al Moloff, CMO of Pyng Medical, recently wrote a letter to the editor of Emergency Medical Journal on their recent case report entitled “Reflections on prehospital care: A complication of the use of an intra-osseous needle” by Helm, Goller, Hackenbroch and Hossfeld. The letter addresses the issue that an outdated and expired FAST1® device was used for the case report. To read the entire letter on the Pyng website under the Education > Clinical Data section, please click here.

Dealer Profile – Lewis’s Medical Supplies

As a new segment to our quarterly newsletter, Pyng would like to feature a new distributor that has recently joined the Pyng distribution network. In this issue we will be featuring Lewis’s Medical Supplies.

For over 40 years Lewis’s Medical Supplies has built its reputation as one of the UK’s premier occupational health and emergency medical supplies businesses. From their 24,000 sq ft distribution facility on the outskirts of Manchester, they facilitate national purchasing and distribution agreements to local authority bodies and emergency services. They support the sale of their own range of medical consumables through exclusive distribution of some of the world’s most innovative medical equipment to offer their customers the complete supply solution.

Shortly after becoming a Pyng distributor and as featured in one of our latest press releases, Lewis’s Medical was responsible for the standardization of the T-POD® Pelvic Stabilization Device into the one of the UK’s major ambulance services. This was a huge success for both Lewis’s and Pyng as it continues to show that more and more, major emergency medical providers worldwide are choosing to standardize with the T-POD® for their pelvic stabilization needs.

If you would like more information on Lewis’s Medical Supplies, please visit their website at http://www.lewis-plast.co.uk/.

New International Distributors

Over the last few months, Pyng has signed a number of new international dealers that will be promoting the benefits of Pyng products to their customers. These new distributors include:

• AOSS sprl – Exclusive dealer in Belgium for FAST1®, MAT®, T-POD® ,CRIC™ and SEATD™ for all market segments.
• Yomaya Medical Trading – Exclusive dealer in UAE and Saudi Arabia for FAST1®, MAT®, T-POD®, CRIC™, and SEATD™ for all market segments.
• Semetron – Exclusive dealer in the Estonia for  FAST1®, MAT®, T-POD® and CRIC™ for all market segments.
• Neotech Medical Equipment – Exclusive dealer in Kuwait for FAST1®, MAT®, T-POD®, CRIC™ and SEATD™ for all market segments.
• Mudie Medical – Exclusive dealer in Zimbabwe, Botswana and Nigeria for FAST1®, MAT®, T-POD®, CRIC™ and SEATD™ for all market segments.
• KIR FIX – Exclusive dealer in Finland for FAST1®, MAT®, T-POD®, CRIC™ and SEATD™ for all market segments.
• Aljazira Medical & Industrial Supplies – Exclusive dealer in Qatar for FAST1®, MAT®, T-POD®, CRIC™ and SEATD™ for all market segments.

Marketing Materials Update

Pyng has recently added Specification Sheets to the Product section of the Pyng website. If you are looking for technical information on our products, this is the document you will need. Included in the document are product specifications, product features and product advantages. Specification Sheets are available for the FAST1®, MAT®, E-MAT™, T-POD® and CRIC™ products. Simply go to the Products area, select a product and look under the Clinical and Technical Information Section for a Specification Sheet. Or, click on the thumbnails below to download now.

The Product Specification Sheets are available in a convenient pdf format.

Responsible for land-based military operations, the Spanish Army (Ejército de Tierra – "Ground Army") is the terrestrial army of the Spanish Armed Forces. After much consideration and research, the Spanish Army decided that the sternal route for intraosseous infusion was the best way to administer emergency fluids and medications in battlefield situations.

“In the past, the Spanish Army has used the EZ-IO® and BIG® (Bone Injection Gun) systems for their intraosseous needs. However, they found that soldiers would have injuries to their extremities, exactly where these devices require deployment. They realized that the sternum was a better access point as it is one of the most protected parts on a soldier’s body,” commented Jesus Orbe, Director of Sales and Marketing at IES Spain.

“The FAST1® really is a product like no other on the market. Its design and ease of use takes the guesswork out of the intraosseous infusion process. From the target patch to the automated depth control, the medic just has to find the sternal notch and deploy the device. It is easy to learn and deploy, even in low light conditions”, added Mr. Orbe. “These benefits in particular are the very reasons why the FAST1® is the device of choice for the Spanish Army’s intraosseous needs.”

The first order of FAST1® for the Spanish Army will be used for a contingent of soldiers that are being deployed to Lebanon in the coming weeks. “We are honored to offer a product such as the FAST1® with its high degree of success, ease-of-use and dependability,” noted Mr. Orbe.

About International Emergency Services
International Emergency Services is a Spanish distributor of emergency medical supplies. For more information, please visit their website at www.ies-spain.com.

About Pyng Medical Corp.
Pyng Medical Corp. commercializes award-winning trauma and resuscitation products for front-line critical care personnel. Pyng’s expanded product portfolio includes a variety of innovative, lifesaving tools. With growing markets in North America, Europe and Asia, Pyng offers user-preferred medical devices for use by hospital staff, emergency medical services and military forces worldwide.

Please check with your distributor regarding product availability in your country.

Neotech Medical Equipment
Phone: +965 24919562 / 24919563
Fax: +965 24919561
Email: info@neotech-kw.com
Website: www.neotech.ae
Product Availability: FAST1®, T-POD®, MAT®, E-MAT™, CRIC™

Please check with your distributor regarding product availability in your country.

Semetron
Phone: +372 683 7600
Fax: +372 683 7601
Email: semetron@semetron.ee
Website: www.semetron.ee
Product Availability: FAST1®, T-POD®, MAT®, E-MAT™, CRIC™

“St John Ambulance is thrilled to have the T-POD® on board their ambulances as they have been very pleased with the results the T-POD® has produced being used on their helicopter fleet,” commented Steve Muller, Sales Director for Midmed.

The Emergency Rescue Helicopter Service division of St John Ambulance Western Australia has used the T-POD® on their fleet for two years with very positive and well-received results. St John Ambulance Western Australia has now decided to rollout the T-POD® product across their complete service, including their fleet of over 90 ambulances in the Perth Metropolitan area and their ambulance fleet in Country Western Australia.

The T-POD® will be used by the St John Ambulance first responders, advanced responders, doctors, nurses and paramedics who offer first aid services at public events and emergencies.

“The T-POD® is a superb product that stands out from its competition. When compared to other pelvic stabilization devices that are on the market, the benefits and features of the T-POD® make it a clear winner,” added Mr. Muller. “This is especially true for St John Ambulance, as they were looking for a product that is lightweight and with a size that fits most patients, eliminating the need to stock multiple sizes of a single product.

Currently, the T-POD® is part of the standard equipment on board all aircrafts of the Royal Flying Doctor Service of Australia. The Royal Flying Doctor Service of Australia provides 24 hour emergency services and everyday essential healthcare to the people living, working and travelling in the remote and rural areas of Australia.

About St John Ambulance
St John Ambulance Australia is a self-funding charitable organization active in all States and Territories for over 125 years, dedicated to helping people in sickness, distress, suffering or danger. In addition to providing ambulance service in Western Australia and the Northern Territory through their 3500 paid and volunteer ambulance officers, St John Ambulance also provides first aid training, first aid kits, first aid services at community and public events and assistance during national disaster relief, and a range of community care services for the aged, the infirm, the immobile and the lonely.

St John Ambulance has been serving the Western Australian community for over 100 years, providing ambulance and paramedic services, first aid training, volunteer first aid services at public events, and community services for the lonely, fragile aged and disabled through their 600 career ambulance officers and 2500 volunteer ambulance officers.

About Midmed
Midmed is an Australian family owned medical equipment supplier that has been supplying medical equipment to public and private hospitals, Pre Hospital/Ambulance, Specialists, GP’s, medical centres, allied health professionals and other businesses for over 17 years. They offer an extensive range of durable and cost-effective medical equipment, medical supplies, hospital supplies and surgical supplies.

About Pyng Medical Corp.
Pyng Medical Corp. commercializes award-winning trauma and resuscitation products for front-line critical care personnel. Pyng’s expanded product portfolio includes a variety of innovative, lifesaving tools. With growing markets in North America, Europe and Asia, Pyng offers user-preferred medical devices for use by hospital staff, emergency medical services and military forces worldwide.

Please check with your distributor regarding product availability in your country.

Mudie Medical
Phone: +263 4 334 991
Fax: +263 4 334 991
Email: info@mudiemedical.com
Website: www.mudiemedical.com
Product Availability: FAST1®, T-POD®, MAT®, E-MAT™, CRIC™