AMDL Teleconference Available on amdl.com at 5:00 p.m. EDT Today
May 22 2008 - 11:28AM
PR Newswire (US)
TUSTIN, Calif., May 22 /PRNewswire-FirstCall/ -- AMDL, Inc.
(AMEX:ADL), (http://www.amdl.com/ ), a world leader in specialty
pharmaceuticals with operations in Shenzhen, Jiangxi and Jilin,
China, announced today that it has made available the AMDL
executive management comments from its Q1 2008 financial results
conference call. The document can be accessed via AMDL's corporate
website at http://www.amdl.com/. Click on "Investor Relations,"
then "Recent News." The posted conference call script outlines
prepared remarks AMDL's executive management made covering the
Company's financial results for the first quarter of FY2008 and the
subsequent question and answers from shareholders. Highlighted
comments from AMDL's CEO Gary Dreher included: -- We have responded
to the U.S. FDA regarding requests for information on our DR-70(TM)
cancer test within the time period required; -- AMDL's executive
management team is committed to increasing shareholder
communications, including formally issuing corporate guidance; --
We are focused on growing annual sales at a minimum rate of 100
percent over the next three years. -- 2007 sales were $15 million
and we are on track to at least doubling sales in 2008; -- AMDL
will leverage its land holdings in China (estimated to be worth
between $15-$21 million) to gain a new credit facility in place by
Q3, 2008. -- We plan to finance continued growth with debt and
credit lines. We do not plan to pursue the same type of 25 percent
discounted equity funding as we've done in previous rounds; --
AMDL's anti-aging Goodnak product line is enjoying high growth
demand and we anticipate it will be exported to the US and Europe
in the future; -- AMDL's head of R&D Dr. Andrea Small-Howard
has concluded that the HPV Test Kit licensed by the Company for
distribution in China, Hong Kong, Taiwan, Singapore, Malaysia,
Thailand, Cambodia and Vietnam has numerous advantages over other
test kits for HPV and can become a major product for the Company.
About AMDL: AMDL, Inc. is a global specialty pharmaceutical
company. The company is headquartered in Tustin, California with
operations in Shenzhen, Jiangxi, and Jilin, China. Along with its
subsidiary Jade Pharmaceutical Inc. (JPI), AMDL is devoted to the
research, development, manufacture, and marketing of diagnostic,
pharmaceutical, nutritional supplement, and cosmetic products
currently in China. The company employs approximately 320 people in
the U.S. and China. More information about AMDL and its products
can be obtained at http://www.amdl.com/ . About Jade
Pharmaceutical: JPI has access to the fastest growing
pharmaceutical and consumer market in the world: China. AMDL,
through its subsidiaries, 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. IR
Contact: Mr. Paul Knopick Direct: 949.707.5365 Voicemail:
714.505.4460 DATASOURCE: AMDL, Inc. CONTACT: Mr. Paul Knopick,
+1-949-707-5365, Voicemail, +1-714-505-4460, for AMDL, Inc. Web
site: http://www.amdl.com/
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