Exhibit 10.26

                                 PROMISSORY NOTE

Place:     Westminster, CO

The Sum of  $55,000.00                             Date:     September 21, 1999

FOR VALUE RECEIVED, Corgenix Medical Corporation (hereinafter, "CORGENIX" or the
"Company")  promises to pay to the order of  Transglobal  Financial  Corporation
(hereinafter  "TGF") at 1800 Century Park East, Suite 600, Los Angeles, CA 90067
or at such  other  place  as the  holder  of this  Note  may  from  time to time
designate, in lawful money of the United States of America, the principal sum of
fifty five thousand and 00/100 dollars  ($55,000.00).  The following terms shall
apply to this Note.

1.    Repayment.  Payment of  principal  and  interest  shall be made in twelve
monthly  installments  with the first  payment to be made at the  execution  of
the Note by both parties.

2.    Interest  Rate.  Interest  shall accrue on the  principal  balance at the
rate of 10.25% (ten and one quarter percent) per annum,  computed on a daily
basis.

3.    Optional  Prepayment.  The  Company  may prepay  this Note in whole or in
part at any time or from time to time without penalty or additional interest.

4.    Event of Default. As used herein the term "Event of Default" shall mean
(a) a failure to make any payment of any amount  required to be paid  pursuant
to this Note on the date such payment is due under this Note; (b) failure of the
Company after  request by TGF to permit the  inspection of the  Company's
Records;  (c) issuance of any injunction or of an attachment or judgment
against any property of the Company which is not discharged  within thirty (30)
days after  issuance; (d)  the  insolvency  of  the  Company,   or  the  filing
of  any   bankruptcy, reorganization, debt arrangement or other proceeding or
case against the Company under any bankruptcy or insolvency  law or
commencement  of any  dissolution or liquidation  proceeding against the
Company, any of which is either consented toor acquiesced in by the Company or
remains undismissed for sixty (60) days after the date of entry or the
commencement  by the Company of a voluntary case under the federal  bankruptcy
laws or any state  insolvency  or similar  laws, or the consent by the Company
to the appointment of a receiver,  liquidator,  assignee, trustee, custodian or
similar official for the Company or any of its, his or her property,  as the
case may be, or the Company's  making any  assignment  for the benefit  of
creditors  or the  failure  by the  Company  generally  to pay  the Company's
debts as they become due;  or (e) default in the  performance  of any
obligation,  covenant  or  agreement  contained  or referred to herein or in the
Note.

5.  Acceleration  Upon  Event of  Default.  Upon the  occurrence  of an Event of
Default, TGF may, at its option, in its sole and absolute discretion and without
notice or demand,  declare the entire unpaid  balance of principal  plus accrued
interest immediately due and payable.

6. Expenses of  Collection.  Should  this Note be  referred  to an attorney  for
collection,  whether  or not  judgment  has been  confessed  or suit has been
filed,  the Company  shall pay all of TGF's  actual  costs,  fees  (including
reasonable attorneys' fees) and expenses resulting from such referral.

7. Waiver of  Protest.  The Company  hereby  waives  presentment,  notice of
dishonor and protest.

8. Waiver.  No failure or delay by the holder  hereof to insist  upon the strict
performance of any term, provision, or agreement of this Note, or to exercise
any right,  power or remedy consequent upon a breach thereof shall constitute
a waiver of any such term,  provision or agreement or of any such breach,  or
preclude the holder hereof from exercising any such right, power or remedy at
any  later  time or times.  By  accepting  payment  after the due date of any
amount payable under this Note, the holder hereof shall not be deemed to have
waived  the right  either to  require  prompt  payment  when due of all other
amounts due under this Note, or to declare a default hereunder.

9. Headings.  The section  headings in this Note are for reference only, and
shall not limit or otherwise affect any of the terms hereof.

10.Choice  of  Law.  This  Note  is  executed  in  and  shall  be  governed,
construed and enforced in accordance with the laws of the State of Colorado.

11.Binding  Effect.  This Note shall be  binding  upon the  Company  and its
successors and assigns.

IN WITNESS WHEREOF,  the undersigned has executed this Note under seal, with the
intention  that  it be a  sealed  instrument  on the day and  year  first  above
written.

                               CORGENIX MEDICAL PRODUCTS, INC.


                               By:  _s/Douglass T. Simpson
                                    Douglass T. Simpson, President


                               Transglobal Financial Corporation:


                                    __s/Mike M. Mustafoglu
                                    Mike M. Mustafoglu, President



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