CryoPort's Growth Potential Subject of Feature Article on Small Cap Leader Knobias.com

Download as PDF

LAKE FOREST, CA -- (MARKET WIRE) -- 12/10/08 -- CryoPort, Inc. ("CryoPort" or the "Company") (OTCBB: CYRX), producer of the one-way cryogenic shipper CryoPort Express®, announced today that the Company was the subject of a feature article on Knobias.com, a leading source of small cap information for the institutional audience.

As excerpted from the article:

CryoPort is currently moving out of the pilot phase into the revenue phase. The Company expects to see the start of revenues this calendar quarter and begin ramping revenues in early 2009. The Company sees profitability in mid-to-late 2009, but their focus is to get revenues going with a minimum revenue run rate target of $20-$25 million by the end of 2009. The Company's expense burn rate is about $200,000 per month, not including variable costs of materials. Its capital on hand per the last 10-Q Report was $1.4 million.

Mr. Berry added, "This market is enormous with a conservative estimate of 30 million frozen shipments per year. That translates roughly into a $3 billion market. What we have done with our projections is to be conservative. We saw no sense in putting together a business plan over five years that said that we could build a billion dollar business, so we agreed that we would go after a $200 million revenue business in a four to five year period. It is important to get started, and we will have a better idea of the market demand and ramp rate in one or two years. We see very easily that we can double revenues year-over-year. A $200 million business is only a 5-7% position in a very large market. By the middle of next year, we should have a real firm grasp of how sharply that demand is going to ramp. The objective then will be to stay ahead of that demand by outsourcing manufacturing and setting up infrastructure around the world to support the product. We anticipate that we have at least an 18-month head start over anybody entering this space."

To read the article in its entirety, click on the following link: http://www.knobias.com/iris/story/cyrx1.pdf

To be added to the CryoPort Investor email list, please email edward@carpedminc.com.

About Knobias, Inc.

Knobias, Inc. (www.knobias.com) provides a wide range of financial information solutions for all sides of the U.S. stock market. Knobias combines proprietary content and technology into efficient platforms for the consolidation, distribution & targeted presentation of investment decision information for customers and affiliates. Knobias platforms provide news, filings, fundamentals, transaction databases, calendars, research, tools and analysis for all U.S. equities with a special emphasis on small-caps. Knobias customers include retail investors, day-traders, buy-side & sell-side professionals, public issuers, financial websites and financial content providers.

About CryoPort, Inc.

CryoPort (www.cryoport.com) is commercializing proprietary, technology-driven frozen shipping and storage products for use in the rapidly growing global biotechnology and biopharmaceutical cold chain. The products developed by CryoPort are essential components of the infrastructure required for the testing, research and end user delivery of temperature-sensitive medicines and biomaterials in an increasingly complex logistical environment.

CryoPort Investor Resources 

Website: www.CryoPort.com
Fact Sheet: http://cirrusfc.com/CryoPort_Fact_Sheet.pdf
Video: http://vimeo.com/1692084

Forward-Looking Safe Harbor Statement:

This press release contains forward-looking statements. The words "estimate," "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks. 

CONTACT:
Stuart Fine
Carpe DM, Inc.
(908) 469-1788

Released December 10, 2008