AMDL Launches New Health & Beauty Product Line & Expands Distribution With Initial Agreements Valued at $3.35 Million Annually
October 24 2007 - 8:31AM
PR Newswire (US)
TUSTIN, Calif., Oct. 24 /PRNewswire-FirstCall/ -- AMDL, Inc.
(AMEX:ADL), 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, announced today that its
JPI's subsidiary JJB has launched a new anti-aging and skin care
injectable product under the brand name "Goodnak". This initial
product is the first in a new line of anti-aging & skin care
products currently under development by JJB. Goodnak is a high
quality injectable anti-aging & skin care product that contains
an amalgam of various therapeutic elements including human
placental histosolution ("HPH"). JPI has begun selling Goodnak, in
August, through wholesale distribution channels that service
high-end beauty salon and plastic surgery hospitals and or medical
cosmetology institutions. Goodnak product information is available
on Jade Pharma's product specific website:
http://www.jade-amdl.com/. JJB is highlighting its Goodnak product
as a supporting sponsor of the Asia-Pacific Beauty & Cosmetics
Convention being held in Harbin China from October 26th thru 28th.
In concert with this new product launch, JJB has signed two new
Northern Region exclusive, one-year renewable Distribution and
Agency Agreements with Shenyang Beauty Bio-Chemistry Co., Ltd.
("SBB") and Harbin Beautiful Life Cosmetic Co., Ltd. ("HBL"). These
agreements cover the key cities in both Liaoning and Heilongjiang
Provinces that have a combined population of approximately 21.6
million people. These two separate agreements in combination
require these new regional distributors to purchase a minimum of
US$3,355,525 of JJB's new Goodnak product during the one-year
period of the contracts and minimum initial orders of US$2,716,377.
Frank Zheng, managing director of JPI, said this new product launch
and initial distribution agreement puts the Company on the path to
building sales of Goodnak by as much as $24 million over the next
12 months. Gary Dreher, CEO of AMDL said, we expect to further
update the market on our expansion plans in the coming weeks. About
JPI: Jade Pharmaceutical through its subsidiaries JJB & YYB has
access to the fastest growing pharmaceutical and consumer market in
the world: China. AMDL, through its subsidiary, Jade currently
manufactures large volume injectable 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 VoiceMail: 714.505.4460 DATASOURCE: AMDL, Inc.
CONTACT: Paul Knopick, Investor Relations, +1-949-707-5365, voice
mail, +1-714-505-4460, for AMDL Web site: http://www.jade-amdl.com/
http://www.amdl.com/
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