AMDL Announces 1st QTR 2007 Operating Results
May 21 2007 - 9:24PM
PR Newswire (US)
TUSTIN, Calif., May 21 /PRNewswire-FirstCall/ -- AMDL, Inc.
(AMEX:ADL) announced today that for the three-month period ended
March 31, 2007 the Company had net revenue of $1,424,179
(unaudited), gross profits of $726,869 (unaudited) and an operating
loss of ($1,385,406) (unaudited). For Jade Pharmaceutical Inc.,
("JPI"), net revenues increased to $1,410,029 (unaudited) for the
three month period ended March 31, 2007, a 16 percent increase when
compared to the same period last year. Net profit was $124,337
(unaudited) for the three months ended March 31, 2007. Please see a
copy of the Company's 10-QSB filed on May 21, 2007 for more
details. Mr. Gary Dreher, CEO of AMDL stated that, "As noted in the
last two press releases AMDL's subsidiary JPI, continues to grow
its marketing and sales footprint in the China market. These
activities position JPI for increased sales growth, particularly
during the second half of 2007. Based upon the recently signed
distribution agreements and discussions between JJB and its new
distribution partners, there is a potential to increase JPI's sales
in Southern China and the Shanghai regional markets by as much as
(US) $16 million over the next 12 month sales cycle". About AMDL:
AMDL, Inc., 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 JPI, engages in the
development, manufacture and marketing of proprietary
pharmaceutical and diagnostic products. More information about AMDL
and its products can be obtained at http://www.amdl.com/. About
JPI: JPI has access to the fastest growing pharmaceutical and
consumer market in the world: China. AMDL, through its
subsidiaries, JPI currently manufactures large volume injection
fluids, tablets and other related products, holding licenses for
133 products. It also manufactures 107 generic, over the counter
and supplemental pharmaceutical products under certified Chinese
Good Manufacturing Practice ('CGMP') standards. 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/
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