AMDL Signs Significant New Distribution Agreement for Southern China
May 10 2007 - 8:02PM
PR Newswire (US)
TUSTIN, Calif., May 10 /PRNewswire-FirstCall/ -- AMDL, Inc.
(AMEX:ADL), headquartered in Tustin, California, with operations in
Shenzhen, Jiangxi and Jilin China, through its wholly owned
subsidiary Jade Pharmaceutical Inc. (JPI), is an international
biopharma company. AMDL, together with Jade, engages in the
development, manufacture and marketing of proprietary
pharmaceutical and testing products. AMDL announced today that
Jade, through its subsidiary JJB, has signed a new Distribution and
Agency Agreement with Double Crane Medicine Co. Ltd. (Changsha).
This one-year renewable agreement covers the provinces and cities
of Hunan, Hubei, Sichuan, Chongqing, Guangxi, Yunnan and Guizhou.
Double Crane Medicine will initially be selling 12 various Jade
products including Domperidon tablets, Ondansetron Injections,
Chondroitin Sulfate Injections, GuYanLin Compounds, Benzoic Acid
/Camphor Solutions, and Levofloxacin & Lactate Injections. Mr.
Frank Zhang, Managing Director of JPI, stated that "the signing of
this new distribution agreement with DCPC will position Jade to
significantly ramp up sales in the Southern China region over the
next 12 months. Domperidon tablets are expected to be the biggest
selling product, as JPI's generic version of this product is
anticipated to be significantly lower priced than competitors.
Product pricing is always a key driver in most of China's markets."
Mr. Gary Dreher, AMDL CEO, noted that "this new regional Chinese
distribution relationship with DCPC is truly exciting and elevates
JPI's status in the ever expanding Chinese pharma market. AMDL
intends to deploy more capital to JPI in order to ensure that JPI
can meet any demand for JPI's growing line of innovative pharma
products." About Jade: Jade has access to the fastest growing
pharmaceutical and consumer market in the world: China. Jade
currently manufactures large volume injection fluids, tablets and
other related products, holding licenses for 133 products. It also
manufactures generic, over the counter and supplemental
pharmaceutical products under certified Chinese Good Manufacturing
Practice standards. About Double Crane Pharmaceutical Co., Ltd.:
DCPC was jointly established in May 15th 1997 and successfully
listed in 2002 on the Shanghai Stock Exchange and its general
indexes ranked it in the top 500 Chinese enterprises. From 1997 to
2006, business revenue of DCPC rose from approximately (US) $29.1
million to (US) $455 million, with an annual increase of 73.3%; net
profit rose from (US) $5.9 million to (US) $20.7 million, with an
annual increase of 28.5%, Total assets rose from (US) $70.37
million to (US) $446 million, with an annual increase of 44.7%.
Hunan Double Crane Pharmaceutical Company Ltd. is the largest
subsidiary of Double Crane Pharmaceutical Co., Ltd. About AMDL
AMDL, Inc., headquartered in Tustin, California, with operations in
Shenzhen, Jaingxi and Jilin China through its wholly owned
subsidiary Jade Pharmaceutical Inc., is an international biopharma
company. AMDL together with Jade engages in the development,
manufacture and marketing of proprietary pharmaceutical and testing
products. More information about AMDL and its products can be
obtained at http://www.amdl.com/. 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. Gary L. Dreher President & CEO (714)
505-4460 DATASOURCE: AMDL, Inc. CONTACT: Gary L. Dreher, President
& CEO of AMDL, Inc., +1-714-505-4460 Web site:
http://www.amdl.com/
Copyright
Amdl (AMEX:ADL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Amdl (AMEX:ADL)
Historical Stock Chart
From Jul 2023 to Jul 2024