AMDL Announces Preliminary 2009 Guidance
November 18 2008 - 9:58AM
PR Newswire (US)
FY09 revenue and net income estimated to increase at least 100%
from FY08 TUSTIN, Calif., Nov. 18 /PRNewswire-FirstCall/ -- AMDL,
Inc. (AMEX:ADL), a vertically integrated pharmaceutical company
with operations in China and the US, announced today preliminary
fiscal 2009 financial guidance. The Company is forecasting robust
growth in 2009, anticipating gross revenues for the year to range
between $64 and $72 million with net income between $8 and $12
million before foreign currency translation. AMDL's growth will be
supported by: -- R&D and product development for products with
higher gross-profit- margins; -- Refined sales, marketing and
branding strategies to promote the sales of products with higher
gross-profit-margins while increasing the associated market share;
-- Increasing its core sales and distribution teams which will
focus on selling in major cities in China supporting 1 million or
more citizens, and selling select products in other international
markets; -- Leveraging our US and China-based production plants to
ensure necessary quantities of both new and existing products are
available to meet customer demand; and, -- Commercializing other
key products including AMDL's DR-70(R) ELISA in vitro diagnostic
cancer test and new product formulations for its best-selling
Goodnak(R) anti-aging product line. This guidance does not include
potential future acquisitions or sales from its Combination
Immunogene Therapy technology and management will continue to
evaluate its business outlook as necessary and communicate any
changes on a quarterly basis or when appropriate. AMDL will discuss
its business outlook during its regular quarterly conference call
which is scheduled for today, Tuesday November 18, 2008 at 6:30
a.m. Pacific Time (9:30 a.m. Eastern Time). Listeners may access
the call by dialing 1-877-360-1705 or 1-706-902-3245 for
international callers, access code: 12310; conference ID 74287692.
To listen to the conference call after the live presentation, or to
view the financial or other statistical information required by
Securities and Exchange Commission (SEC) Regulation G, please visit
the Investors section of the AMDL website at http://www.amdl.com/.
The conference call will be recorded and available for listening
until 5:00 p.m. Pacific Time, Wednesday, November 19, 2008. About
AMDL: Headquartered in Tustin, CA with operations in Shenzhen,
Jiangxi, and Jilin, China, AMDL, Inc., along with its subsidiary
Jade Pharmaceutical Inc. (JPI), 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
over 490 people in the U.S. and China. Forward Looking Statements:
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this document
include certain predictions and projections that may be considered
forward- looking statements under securities law. These statements
involve a number of important risks and uncertainties that could
cause actual results to differ materially including, but not
limited to, the performance of joint venture partners, as well as
other economic, competitive and technological factors involving the
Company's operations, markets, services, products, and prices. With
respect to AMDL Inc., except for the historical information
contained herein, the matters discussed in this document are
forward-looking statements involving risks and uncertainties that
could cause actual results to differ materially from those in such
forward-looking statements. Potential risks and uncertainties
related to the Company's access to additional capital, competition
and dependence on key management. AMDL Contact: Kristine Szarkowitz
Director-Investor Relations (Tel :) 206.310.5323 DATASOURCE: AMDL,
Inc. CONTACT: Kristine Szarkowitz, Director-Investor Relations of
AMDL, +1-206-310-5323, Web site: http://www.amdl.com/
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