Coro Global Inc (CGLO)

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MDFI....Medefile International's Free Cash Flow Hits Four Year High
08/24/2009

New York, NY, August 24, 2009-FreeCashNews.com reports that negative Free Cash Flow for Medefile International, Inc. (OTC:MDFI) for its quarter ended June 30, 2009 was $(38,049), a 93% improvement over the year earlier same quarter when Medefile International generated $(555,586) in negative Free Cash Flow. Medefile International has generated fourteen consecutive quarters of negative Free Cash Flow. Free Cash Flow for the most recent quarter also reached a four year high.

For Medefile International's twelve months ended June 30, 2009 Free Cash Flow was $(654,408), compared with $(1,937,173), a 66% improvement over the comparable year earlier twelve months. Free Cash Flow for the most recent twelve months also reached a two year high.

The shares of Medefile International were recently trading at $0.001.

The FreeCashNews.com utilizes the following definition or calculation for its published Free Cash Flow news and reports:

Free cash flow is defined as cash flow from operations or operating cash flow plus or minus capital expenditures. "Capital Expenditures" is a line item, which can be found in the Cash Flow From Investments section of a company's Cash Flow Statement which is filed quarterly in the 10Q and 10K reports with the U.S. Securities & Exchange Commission by publicly traded companies.

FreeCashNews.com publishes quarterly updates on Free Cash Flow for approximately 8,200 publicly traded U.S. companies. It also monitors and publishes news and special reports on 216 industry groups. More information on FreeCashNews.com is available at www.StockTrendNews.com.

Copyright 2009 StockDataNews.com, Inc.

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