Exhibit 1

December 9, 2008

Global Med Technologies, Inc.
12600 West Colfax
Suite C-420
Lakewood, CO 80215

To the Board of Directors (the “Board”):

Victory Park Capital Advisors, LLC (“VPC” or “we”) has been an investor in Global Med Technologies, Inc. (“GLOB” or the “Company”) since September 2007. In addition, certain principals of VPC have been involved with investments in GLOB since December 2005 while managing investments for a previous fund. VPC currently owns the following GLOB securities: (i) 5,500 preferred equity securities convertible into 5,500,000 shares of common equity at a conversion price of $0.72 per share; (ii) 4,125,000 warrants exercisable into 4,125,000 shares of common equity at a strike price of $0.72 per share; and (iii) 4,876,765 shares of common equity which were accumulated primarily through open market purchases. Currently, on an as-converted, fully-diluted basis we own approximately 29% of the economic interests in the Company.

Since first undertaking our investment in GLOB, we have continued to be actively and constructively involved in the Company’s success. Over the last three years, the principals of VPC have completed, amongst other initiatives, the following:

1.	waived various rights under our preferred equity security in order to facilitate numerous operational and strategic initiatives;
2.	offered $9,000,000 in debt financings to facilitate two strategic acquisitions;
3.	introduced the Company to Ken Hunt, a current Board member and shareholder;
4.	assisted the Company in expanding its relationship with the Red Cross;
5.	introduced GLOB to additional institutional investors (including both mutual funds and hedge funds) which purchased shares of common equity; and
6.	assembled a syndicate of then current and new investors to purchase over 3,300,000 shares of common equity and common equity equivalents from the Company’s then-largest and highly dissident shareholder.

Unfortunately, even with VPC’s loyal strategic and financial support, the Company has been unable to realize full value as a publicly-traded company. If the equity markets do not reflect the Company’s intrinsic value, we believe it is incumbent upon the Board to take action to realize that value for shareholders. Failure to act would only further destroy shareholder value as the Company continues to incur the onerous and increasing expenses of being a publicly-traded company.

227 West Monroe Street Suite 3900 Chicago, IL 60606 Phone: 312.701.1777 Fax: 312.701.0794

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Therefore, we believe the time has come to explore strategic alternatives, including a:

1.	public auction of the Company for sale to a strategic or financial buyer; or
2.	buyout transaction led by VPC.

VPC is prepared to purchase all of the Company’s outstanding equity securities that VPC does not already own for $1.10 per share in cash, subject to the completion of limited, confirmatory due diligence, the negotiation of a definitive merger agreement and management cooperation. It is our intention to work closely with the Board to finalize the appropriate financing package necessary to successfully execute our intentions to operate the Company as a privately-held entity. We are prepared to move expeditiously to complete due diligence and begin discussions regarding appropriate transaction agreements.

We look forward to a productive process as we work with the Board to deliver full value to the Company’s shareholders. We respectfully request that the Board respond to this letter no later than December 16, 2008.

Sincerely,

Richard Levy
Managing Principal
Victory Park Capital Advisors, LLC

227 West Monroe Street Suite 3900 Chicago, IL 60606 Phone: 312.701.1777 Fax: 312.701.0794

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