The Rudd Report Updates AMDL's Achievements; Projects Higher Share Price, Revenues and Gross Profits
June 18 2007 - 10:00AM
PR Newswire (US)
TUSTIN, Calif., June 18 /PRNewswire-FirstCall/ -- AMDL, INC.
(AMEX:ADL), developer and marketer of cancer detection and vaccine
technologies and with China-based pharmaceutical manufacturing,
consumer sales and clinical trial activities, announced today a 1st
Quarter Update Report on AMDL has been posted by Lauren Rudd
(http://www.ruddreport.com/) with an 18 month target price of
$22.00 and a Buy Recommendation. The twelve page report goes into
significant detail about AMDL's products, technologies, its balance
sheet, and its wholly owned subsidiary, Jade Pharmaceutical Inc. in
China. "Due to its vast population, a rapidly growing economy, its
large research and development investments ... and other
capabilities, the People's Republic of China is often considered to
be an emerging superpower," Mr. Rudd writes. "With over 20 million
people, Shanghai is one of the most affluent population bases
within China today and gaining market share for Jade's products in
this key China market is a cornerstone of AMDL's sales growth in
China." Mr. Rudd says in the report that with AMDL's most recent
round of funding now completed, we look for these additional funds
to enable Jade to increase its new sales number by $12.8 million,
thereby bringing Jade's net revenues for the year 2007 to $14.2
million or about double what Jade did in 2006. As Jade's new
distribution agreements develop their full potential, Mr. Rudd
believes that net sales will again double by the end of 2008,
reaching a total of $28.4 million and opined that such level of
sales by Jade should result in gross profits for AMDL of about $7.1
million in 2007 and about $14.2 million in 2008. Rudd Report
Disclaimer: This disclaimer is an integral part of our service.
Please read it before investing in any security on which we report.
Opinions are solely those of the staff of The Rudd Report and are
subject to change without notice. Our reports are for information
only and we do not offer securities or solicit the offer of
securities of any company. Our reports are to inform the public and
not to promote any company or its securities. We do not inform any
company in advance of the nature or conclusions of our reports nor
can a company change what we write. In the case of AMDL we received
a fee for one-time first quarter coverage of the company in the
amount of $3,000. Our reports contain factual statements and
opinions. We derive these factual statements from sources that we
believe are accurate. However, we do not represent that the facts
presented are accurate or complete. Furthermore, the information
contained in this report may become inaccurate because of the
passage of time and should therefore be read for historical
information only. About AMDL: 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: Paul Knopick AMDL
Investor Relations Direct Line: 949.707.5365 Voice Mail:
714.505.4460 DATASOURCE: AMDL, INC. CONTACT: Paul Knopick,
+1-949-707-5365, voice mail, +1-714-505-4460, for AMDL, INC. Web
site: http://www.amdl.com/ http://www.ruddreport.com/
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