AMDL Announces Second Quarter Net Revenues of $2.4 Million; Filing Extension for Second Quarter 2007 Form 10-QSB
August 14 2007 - 8:15AM
PR Newswire (US)
TUSTIN, Calif., Aug. 14 /PRNewswire-FirstCall/ -- AMDL, Inc.
(AMEX:ADL), an international biopharma company headquartered in
Tustin, California, with operations in Shenzhen, Jiangxi and Jilin,
China, through its wholly owned subsidiary Jade Pharmaceutical
Inc., announced today that for the three-month period ended June
30, 2007, the Company expects to report revenues of $2,459,535
(unaudited), an approximate 79 percent increase over the first
quarter. The Company also has filed a Form 12b-25 with the
Securities & Exchange Commission indicating that its Form
10-QSB for the six months ended June 30, 2007, would not be filed
by August 14, 2007. AMDL said it expects to file the required
report by August 20, 2007, in the time allotted by the rules so as
to maintain its '34 Act compliance. Gary Dreher, President, said,
"We are delighted with AMDL's sales growth and look forward to
robust third and fourth quarter results. Accounting for our
operations in China is challenging and we need the additional time
to properly prepare the Form 10-QSB." About AMDL: 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. Mr. Paul Knopick AMDL Investor Relations Direct
Line: 949.707.5365 Voice Mail: 714.505.4460 DATASOURCE: AMDL, Inc.
CONTACT: Mr. Paul Knopick, Investor Relations for AMDL, Inc.,
+1-949-707-5365, voice mail, +1-714-505-4460 Web site:
http://www.amdl.com/
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