Sanara MedTech Inc. (SMTI)

[oldguy]

I am pleased to announce that we have filed our FORM 10-K Annual Report for the Year Ended December 31, 2016, with the Securities and Exchange Commission, (SEC).
http://filings.irdirect.net/data/714256/000165495417003062/wndm_10k.pdf

As you will see in the Report, 2016 was a turnaround year for the Company. We generated positive cash flow from operations of $409,245; finished the year with a working capital balance of $601,654; and a Cash balance of $833,480. Additionally, the Company has adopted a robust operating plan for 2017 that projects existing cash and future cash to be generated from operations will satisfy our foreseeable working capital, debt repayment and capital expenditure requirements for at least the next twelve months.

Based on all of these factors, for the first time in the history of Wound Management, under Note 3 to the Financial Statements, Wound Management is no longer listed as a "going concern" company. In addition, the independent auditors, Malone-Bailey, have issued a "clean opinion" for the Company’s financial position.

Sincerely,

John Siedhoff
Chairman
Wound Management Technologies, Inc.


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