BioSyent Releases Q3 and Nine Month Results-Q3 Sales Increase 56%, Net Income Up 64%; Nine Month Sales Up 62%, Net Income Up 75%

TORONTO, ONTARIO--(Marketwired - Oct. 20, 2014) - BioSyent Inc. ("BioSyent") (TSX VENTURE:RX) released today a summary of its Third Quarter (Q3 2014) and nine months financial results for the three and nine months ending September 30, 2014. Key highlights include:

• Q3 2014 Sales of $3,632,128 increased by 56% versus Q3 2013
• Sales for nine months ending September 30, 2014 of $9,152,624 increased by 62% versus the prior year period
• Revenue for the nine months ending September 30, 2014 has grown at a compound annual growth rate (CAGR) of 57% over the corresponding period in the last 3 years
• Q3 2014 Pharmaceutical Sales of $3,090,211 up 68% versus Q3 2013
• Pharmaceutical Sales for nine months ending September 30, 2014 of $8,326,381 increased by 72% versus the prior year period
• Twenty consecutive quarters of continued pharmaceutical sales growth
• Q3 2014 Net Income Before Tax of $1,350,645 increased by 67% versus Q3 2013
• Net Income Before Tax for the nine months ending September 30, 2014 of $3,258,172 increased by 78% versus $1,833,716 in the prior year
• Q3 2014 Net Income After Tax of $1,000,654 increased by 64% versus Q3 2013
• Net Income After Tax for the nine months ending September 30, 2014 of $2,400,880 increased by 75% versus the prior year period
• Q3 2014 Diluted EPS of $0.07 versus $0.04 in Q3 2013
• Trailing twelve months (TTM) fully diluted EPS of $0.21
• The company has a cash balance of $6,454,129 as of September 30, 2014, an increase of $2,072,992 since December 31, 2013, which also represents a 140% increase versus the comparable year ago period
• The Company remains debt-free and has an unutilized operating line of credit with Royal Bank of Canada
• Pre-launch activity underway for Gastrointestinal Health product - launch planned for the fourth quarter of 2014, and for a new Urgent Care Drug Product - launch planned for Q1 2015
• In July BioSyent in-licensed a third new Urgent Care Drug Product from the same European partner
• Selected as a TSX Venture 50 Top Performer for three consecutive years - 2012, 2013 and 2014
• For the second consecutive year BioSyent named as one of Canada's fastest growing companies in the Profit 500 rankings with a five year growth rate of 608%

Total sales for Q3 2014 of $3,632,128, were 56% higher compared to $2,328,064 in the prior year period. Total Sales for nine months ending September 30, 2014 of $9,152,624 were 62% higher than the prior year period.

Pharmaceutical Sales in Q3 2014 increased by 68% from $1,843,566 in Q3 2013 to $3,090,211 in Q3 2014. Total Pharmaceutical Sales for nine months ending September 30, 2014 of $8,326,381 were 72% higher than the prior year period.

Net Income Before Tax for Q3 2014 was $1,350,645, which is 67% higher than $808,749 in Q3 2013. Net Income Before Tax for the nine months ending September 30, 2014 was $3,258,172 or 78% higher than the corresponding prior year period.

Net Income After Tax increased by 64% from $609,749 in Q3 2013 to $1,000,654 in Q3 2014. Net Income After Tax for nine months ending September 30, 2014 was $2,400,880 or 75% higher than the corresponding prior year period.

Basic & Diluted Earnings Per Share (EPS) was $0.07 in Q3 2014 vs. $0.04 in Q3 2013. Basic EPS for the first nine months was $0.17 vs. $0.10 in the corresponding prior year period. Diluted EPS in nine months ending September 30, 2014 was $0.17 vs. $0.09 in corresponding prior year period.

Working capital, which is the difference between current assets and current liabilities, increased by 57% from $4,405,910 as at December 31, 2013 to $6,928,554 as at September 30, 2014. Total Cash included in working capital on September 30, 2014 is $6,454,129. Total Shareholder's Equity increased by 52% from $4,854,630 at December 31, 2013 to $7,374,047 at September 30, 2014.

The Company plans to launch a new Gastrointestinal product in the fourth quarter of 2014. The Company also received Health Canada approval on one of its three urgent care products and is planning to launch the product in early 2015.

On July 23, 2014 BioSyent Pharma in-licensed a third urgent care product from an existing European partner. This product will be launched after Health Canada approval.

The Company's Consolidated Financial Statements and Management's Discussion & Analysis will be posted on www.sedar.com on October 20, 2014.

For a direct market quote (15 minutes delay) for the TSX Venture Exchange and other Company financial information please visit www.tmxmoney.com.

BioSyent will also release a CEO presentation on the Third Quarter at the following link: www.biosyent.com/q3-14/

About BioSyent Inc.

Listed on the Toronto Venture Exchange under the trading symbol "RX", BioSyent is a profitable growth oriented specialty pharmaceutical company which searches the globe to in-license or acquire innovative pharmaceutical products that have been successfully developed, are safe and effective, and have a proven track record of improving the lives of patients and supporting the healthcare professionals that treat them.

Once a product of interest has been found, BioSyent then acquires the exclusive rights to the product and manages it through the Canadian governmental regulatory approval process. Once approved, BioSyent markets the product throughout Canada.

At the date of this press release the Company had 13,801,195 shares issued and outstanding.

BioSyent Inc.
Interim Unaudited Consolidated Statement of Comprehensive Income
In Canadian Dollars	Q3 2014	Q3 2013	% Change	YTD September 2014	YTD September 2013	% Change
Revenues	3,632,128	2,328,064	56%	9,152,624	5,656,591	62%
Cost Of Goods Sold	841,994	499,846	68%	2,015,272	1,195,652	69%
Gross Profit	2,790,134	1,828,218	53%	7,137,352	4,460,939	60%
Total Operating Expense	1,439,489	1,019,429	41%	3,879,180	2,627,223	48%
Profit Before Tax	1,350,645	808,789	67%	3,258,172	1,833,716	78%
Tax (including Deferred Tax)	349,991	199,040	NA	857,292	461,232	NA
Profit After Tax	1,000,654	609,749	64%	2,400,880	1,372,484	75%
Profit After Tax % to Sales	28%	26%		26%	24%

BIOSYENT INC.
INTERIM UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT	September 30, 2014	December 31, 2013	% Change
ASSETS
Receivables	1,378,323	585,519	135%
Inventory	701,766	522,787	34%
Prepaid expenses & deposits	130,154	136,511	-5%
Derivative Asset	55,896		NA
Cash & Cash Equivalents	6,454,129	4,381,137	47%
Current Assets	8,720,268	5,625,954	55%
Equipment	168,302	141,025	19%
Intangible Assets	61,720	52,994	16%
Deferred Tax	232,329	271,559	-14%
TOTAL NON CURRENT ASSETS	462,351	465,578	-1%
TOTAL ASSETS	9,182,619	6,091,532	51%
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities	1,791,714	1,220,044	47%
Deferred Tax Liability	16,858	16,858	0%
Total Equity	7,374,047	4,854,630	52%
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	9,182,619	6,091,532	51%

This press release may contain information or statements that are forward-looking. The contents herein represent our judgment, as at the release date, and are subject to risks and uncertainties that may cause actual results or outcomes to be materially different from the forward-looking information or statements. Potential risks may include, but are not limited to, those associated with clinical trials, product development, future revenue, operations, profitability and obtaining regulatory approvals.

The TSX Venture Exchange assumes no responsibility for the accuracy of this release and neither approves nor disapproves of the same.