Rudd Report Highlights AMDL, Inc.'s Latest Business Achievements; Supports 2008 Financial Guidance
August 04 2008 - 9:40AM
PR Newswire (US)
TUSTIN, Calif., Aug. 4 /PRNewswire-FirstCall/ --
(http://www.amdl.com/) AMDL, Inc. (AMEX:ADL), a leading vertically
integrated bio-pharmaceutical company with major operations in
China and the US, announced today that industry analyst Lauren Rudd
has posted a second quarter FY2008 corporate update for AMDL, Inc.
The full report is available http://www.ruddreport.com/ and
includes a 12 month target price of $23 and Buy Recommendation.
Highlighted within the report are details of AMDL's recent
clearance to market by the US FDA for its DR-70(R) blood test for
monitoring colorectal cancer, AMDL's FY2008 financial guidance and
the Company's top strategic objectives for 2008 and 2009: -- AMDL's
market strategy and distribution plans for DR-70(R), include
securing SFDA approval to allow sales and distribution throughout
China; -- The Company's marketing strategy for the MYHPV(R) human
papilloma virus Chip Kit; -- Business expansion details for Jade
Pharmaceutical Inc. for FY2008 including growth via new
distribution channels and JPGreen Clinics; -- AMDL's partnership
strategy for the Combination Immunogene Therapy (CIT) technology;
-- AMDL's strategic plans for licensing North American drugs for
manufacture and sales in China and Asia; and, -- The Company's
goals to secure SFDA approval for new products which will enable
AMDL to market and distribute those products throughout China. This
newest Rudd Report also covers a Peer Group Comparison &
Valuation Analysis along with views and opinions on AMDL's
financial performance for FY2008. Opinions to note include the
valuation for DR-70(R) which Mr. Rudd expects to reach
approximately $4 million in gross profits during the second half of
FY2008 with approximately $3 million in net profits and $0.20 per
share in FY2008; and, comments approximating AMDL's net earnings to
reach $15.2 million or about $1.01 per share. According to Mr.
Rudd, "AMDL has inherent potential to dramatically increase
revenues and profitability in both the United States and China and
we believe the Company is one of the most under priced stocks that
we've seen in a long time." The report does not explicitly review
AMDL's second quarter 2008 results and the purpose of the interim
report is to highlight key business successes that should have
already impacted AMDL's share price. A follow-up report will be
published once AMDL announced Q2 2008 earnings. About AMDL:
Headquartered in Tustin, CA along with its subsidiary Jade
Pharmaceutical Inc. (JPI) with operations in Shenzhen, Jiangxi, and
Jilin, China, AMDL, Inc., is a vertically integrated
bio-pharmaceutical company devoted to the research, development,
manufacturing, and marketing of diagnostic, pharmaceutical,
nutritional supplement, and cosmetic products. The company employs
approximately 320 people in the U.S. and China. The Company has an
additional 4 pharmaceutical and diagnostic products under review by
various regulatory authorities. AMDL Contact: Kristine Szarkowitz
Director-Investor Relations (M) (206) 310-5323 (O) (206) 201-3286
DATASOURCE: AMDL, Inc. CONTACT: Kristine Szarkowitz,
Director-Investor Relations of AMDL, Inc., +1-206-201-3286, mobile,
+1-206-310-5323, Web site: http://www.amdl.com/
http://www.ruddreport.com/
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