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I-Flow Reports 32% Increase in Regional Anesthesia Sales for 2007 to a Record $89.6 Million Versus $67.9 Million for 2006; Total Revenue From Continuing Operations Increased 24%.

Article Excerpt
Fourth Quarter Regional Anesthesia Sales Increased 29% and Total Revenue

From Continuing Operations Increased 27% Compared to Prior Year

Management Anticipates a Profitable 2008 on Continued Rapid Growth in Regional Anesthesia Sales and Total Revenue

LAKE FOREST, Calif. -- I-Flow Corporation (NASDAQ:IFLO) today announced a 32% increase in sales in its Regional Anesthesia business for 2007, to a record $89.6 million compared to $67.9 million for 2006, and a 24% increase in total revenue from continuing operations versus the prior year. Regional Anesthesia sales increased 29% for the fourth quarter of 2007, to a record $25.2 million compared to $19.6 million for the fourth quarter of 2006, and total revenue from continuing operations increased 27% versus prior year.

"It was an exciting and productive year for I-Flow," said Donald M. Earhart, Chairman and Chief Executive Officer. "In addition to delivering another year of record sales and revenue growth in excess of our expectations for our proprietary ON-Q[R] products for relieving pain after surgery without narcotics, we also completed the sale of our InfuSystem subsidiary for $100 million, plus a contingent payment right up to a maximum of $12 million, and entered into a binding letter of intent to acquire AcryMed Incorporated, a privately held Oregon-based developer of innovative infection control and wound healing products, for $25 million in cash. These actions position us to focus even more intensively on building our ON-Q franchise in the multi-billion dollar market for post-surgical pain relief, and take advantage of the long-term growth opportunity for our ON-Q SilverSoaker(TM) Catheters and transparent wound dressings in the potentially even larger market for infection control and general surgical site care.

"Based on these positive developments, and the continued expansion of our marketing programs and ON-Q sales organization now numbering approximately 210 quota-carrying sales professionals on our 350 person sales team, we currently expect to be profitable in 2008 on growth in our Regional Anesthesia business of...

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