Chinese Pharma Market Continues to Grow at a 5-7% Rate in 2009; AMDL Remains on Track to Meet FY09 Financial Targets
29 April 2009 - 11:30PM
PR Newswire (US)
AMDL Inc. Executive Chairman & CEO Douglas MacLellan offers
expert insight during exclusive interview with The Wall Street
Transcript TUSTIN, Calif., April 29 /PRNewswire-FirstCall/ -- AMDL
Inc. (NYSE Alternext US: ADL), a US-based pharmaceutical company
with major operations in China, announced today its Executive
Chairman and CEO Mr. Douglas MacLellan has been interviewed and
featured in The Wall Street Transcript - a New York weekly
investment news publication focused on bringing market news and
analysis through exclusive interviews with Wall Street
professionals, industry experts and corporate executives. In an
exclusive interview, Mr. MacLellan discusses AMDL's continued focus
on becoming a premier pharmaceutical company in the growing $100B
China market; the Company's regional expansion and distribution
strategy in China; current financing efforts and financial targets
for fiscal year 2009; and AMDL's worldwide commercialization
strategy for its DR-70 (FDP) cancer test and Human Placenta Extract
(HPE) skin care line. Mr. MacLellan also provided opinion on China
pharmaceutical industry saying, "Since the beginning of 2009 the
stock market in China has gone up 30%, while the US, European, and
other Asian markets have fallen. The Chinese market is going to be
the force behind AMDL's sales and marketing for the next few years
... this is good because this market continues to grow and is
expected to continue growing between 5-7% from a GDP perspective in
2009." For the past four consecutive years AMDL has achieved over
100% year-over-year gross revenue growth. Mr. MacLellan provided
further insight on AMDL's tremendous growth trajectory saying the
Company's FY2009 growth prospects remain strong and executive
management is confident AMDL will achieve its FY09 financial
guidance of US $62-74 million - which represents another year of
100% growth. AMDL is featured as the "#1 Small-Cap Stock Pick for
2009" by Flaherty Financial News
(http://www.flahertyfinancialnews.com/ ), a New York-based
investment newsletter, and named one of the Top 5 fastest growing
publicly-traded companies in Orange County by international
consulting group Deloitte. The Wall Street Transcript executive
interview of Mr. MacLellan has been published and is available on
the WST website located at http://www.twst.com/ . For additional
information on AMDL, its portfolio of international health and
beauty products, and 2009 business strategy, visit the Company's
website at http://www.amdl.com/ or contact AMDL Investor Relations
at . About AMDL: Headquartered in Tustin, CA with operations in
China, AMDL Inc., along with its subsidiary Jade Pharmaceutical
Inc. (JPI), is a pharmaceutical company devoted to the research,
development, manufacturing, and marketing of diagnostic,
pharmaceutical, nutritional supplement, and cosmetic products. The
Company employs over 500 people in the US 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. AMDL Contact:
Kristine Szarkowitz Director-Investor Relations (Tel:) 206.310.5323
DATASOURCE: AMDL Inc. CONTACT: Kristine Szarkowitz,
Director-Investor Relations of AMDL Inc., +1-206-310-5323, Web
Site: http://www.amdl.com/
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