AMDL Signs Additional New Two Year Chinese Distribution Agreement for Minimum Sales of Approximately $921,000
June 25 2007 - 9:51AM
PR Newswire (US)
TUSTIN, Calif., June 25 /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 through its subsidiary, JJB, it has
signed an agreement with YunNan KunMing YuSi Pharmaceutical Co.
Ltd. (YKY) to distribute levofloxacin (100ml/bottle). This $921,000
distribution agreement will be effective in July 2007 for a term of
two years. YKY is a direct affiliate to the Commission of Science
Technology and Industry for National Defense. Mr. Frank Zheng,
Managing Director of JPI, stated that "this additional purchase
orders puts JPI on its way to building sales in China by as much as
$24 million over the next 12 month sales cycle." Mr. Gary Dreher,
CEO of AMDL, noted that "this additional purchase agreement is
truly exciting and significantly enhances JPI's ability to grow its
sales in the 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 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, AMDL Investor Relations, +1-949-707-5365, voice mail,
+1-714-505-4460 Web site: http://www.amdl.com/
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