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TUSTIN, Calif. (Map) -
The First Quarter 2008 Financial Highlights (unaudited) include: -- Gross Profit. AMDL gross profit for the three months ended March 31, 2008 increased 144% to $1,771,016, compared to $726,869 for the same period in 2007. JPI contributed $1,769,593 to the gross profit for the three months ended March 31, 2008, compared to $715,299 for the same period in 2007. -- Loss from Operations and Net Loss. AMDL consolidated net loss for the three months ended March 31, 2008 was $1,472,196 or ($0.10) per share, compared to a consolidated net loss of $1,385,406 or ($0.14) per share for the same period in 2007.
-- FY2007 Sales of $15 Million and Gross Profits of $8.1 million; -- In-licensed MyGene's Human Papilloma Virus (HPV) Diagnostic Test; -- Signed LOI for the purchase of a China based pharmaceutical distribution company with $28.55 million in revenue, approximately 10% NOI and 20-30% growth rate; -- Signed MOU with Hau Du Beauty Co., Ltd for its 200 stores to distribute Jade's Goodnak Product Line; -- AMDL launched a new updated website at http://www.amdl.com.
About AMDL: More information about AMDL and its products can be obtained at http://www.amdl.com. AMDL, together with Jade, engages in the development, manufacture and marketing of proprietary pharmaceutical and diagnostic products.
About Jade Pharmaceuticals Inc.: JPI has access to the fastest growing
pharmaceutical and consumer market in the world:
Forward-looking Statements: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.
Contact: AMDL, Inc. Mr. Paul Knopick AMDL Investor Relations Direct Line: 949.707.5365 Voice Mail: 714.505.4460
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