AMDL Receives $1.3 Million in Initial Product Orders From New Distribution Partners in China
June 21 2007 - 4:46PM
PR Newswire (US)
TUSTIN, Calif., June 21 /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 that engages in the development, manufacture and
marketing of proprietary pharmaceutical and diagnostic products.
AMDL announced today that JPI, through its subsidiary JJB, has
received initial purchase orders from two of its new distribution
partners for approximately $1.3 million. These purchase orders
include an order from Anhui Huayuan Medical Co. Ltd., (AHM) a
direct subsidiary of China Resources (Holdings) Co., Ltd. This
initial order is for approximately $650,000 in products. Next, JPI
has also received from Hunan Changsha Double Crane Pharmaceutical
Co. Ltd. an initial purchase order for approximately $661,000 in
products. JPI is primarily initially selling various Jade products
including Domperidon Tablets, Benzoic Acid /Camphor Solutions and
Levofloxacin. Mr. Frank Zheng, Managing Director of JPI, stated
that "these two initial purchase orders puts JPI on its way to
building sales in Southern China and the Shanghai regional markets
by as much as (US) $24 million over the next 12 month sales cycle."
Mr. Gary Dreher, CEO of AMDL, noted that, "These initial purchase
agreements are truly exciting and significantly enhances JPI's
ability to grow its sales in these China markets." About Jade: Jade
has access to the fastest growing pharmaceutical and consumer
market in the world: China. AMDL, through its subsidiary, Jade
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. About Anhui Medical: AHM was found in
1953, and is one of the largest pharmaceutical distributors in
China with products ranging from new medicines, generic medicine
and health supplements. AHM was recently acquired by China Resource
Holdings Co., which formed one of largest pharmaceutical businesses
in China. Currently, AHM has a sales and marketing network that
includes more than 4,400 local and provincial based pharmaceutical
distributors selling over 25,000 medical products nationwide in
China. AHM is ranked as one of the top 3 pharmaceutical
distributors in China. In 2006, AHM had sales of approximately
US$1.2 billion. In 2003, AHM built the first online pharmacy in
China and is currently the largest on-line pharmacy in China. 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: AMDL, Inc. Mr. Paul Knopick AMDL Investor Relations Direct
Line: 949.707.5365 Voice Mail: 714.505.4460 DATASOURCE: AMDL, Inc.
CONTACT: Mr. Paul Knopick of AMDL Investor Relations, direct,
+1-949-707-5365, voice mail, +1-714-505-4460 Web site:
http://www.amdl.com/
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