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Clearant, Inc.: Clearant, Inc. Reports Record 2008 Revenue Results

^{Published on 2009-04-01 15:01:16, Last Modified on 2009-04-01 15:02:10 - Market Wire}
 

LOS ANGELES, CA--(Marketwire - April 1, 2009) - Clearant, Inc. (OTCBB: [ CLRA ]), owner of the Clearant Process® which is designed to substantially reduce all types of pathogens in biological products, including HIV, today announced that revenues for the twelve months ended December 31, 2008 increased 74% to a record $1.88 million compared to $1.08 million for the twelve months ended December 31, 2007.

Direct distribution revenue increased 129% to a record $1.60 million for the twelve months ended 2008, compared to $0.70 million for the twelve months ended 2007. Revenues from licensing, fee for service, and contract research activities which the Company has been de-emphasizing, decreased to $284,000 for the twelve months ended December 31, 2008 from $388,000 for the twelve months ended December 31, 2007.

Revenues for the 4th quarter ended December 31, 2008 increased 41% to $0.45 million compared to $0.32 million for the 4th quarter ended December 31, 2007.

Direct distribution revenue increased 62% to $0.42 million for the 4th quarter ended December 31, 2008 compared to $0.26 million in the 4th quarter ended December 31, 2007. Revenues from licensing, fee for service, and contract research activities increased to $36,000 in the 4th quarter ended December 31, 2008 compared to $65,000 in the 4th quarter ended December 31, 2007.

More detailed information about Clearant's 2008 results can be found in its Annual Report filed with the Securities and Exchange Commission on March 24, 2009.

About Clearant, Inc.

Clearant, Inc. is a leader in pathogen inactivation for biological products. Clearant has developed the patent-protected Clearant Process®, which substantially reduces all types of bacteria and viruses in biological products while maintaining the functionality of the underlying tissue implant or protein. The Company has distributed implants sterilized by the Clearant Process® directly to surgeons, hospitals and clinics since June 2006. In addition, Clearant licenses the Clearant Process®, and provides its patented sterilization services, to tissue banks and other biological products manufacturers. To date more than 8,000 patients have been successfully implanted with Clearant Process® sterile implants supplied by one of the Company's licensed partners. The Clearant Process®, unlike its various competitors, is applied in the final packaging and reduces all types of pathogens for products across many market segments including tissue implants, plasma proteins, recombinant products, medical devices and blood products. For more information, please visit [ www.clearant.com ].

Forward-Looking Statements

Except for statements of historical fact, the matters discussed in this press release are forward-looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited financial resources and difficulty in developing and exploiting proprietary technologies and additional risk factors as discussed in the reports filed by the Company with the Securities and Exchange Commission, which are available on its website at [ http://www.sec.gov ].