AMDL CEO Featured in CEOCFO Magazine; Details Progress on DR-70 International Commercialization Strategy & Confidence in FY2009
17 June 2009 - 11:30PM
PR Newswire (US)
TUSTIN, Calif., June 17 /PRNewswire-FirstCall/ -- AMDL Inc. (NYSE
Alternext US: ADL), a US-based pharmaceutical company with major
operations in China, announced today its Chairman and CEO Mr.
Douglas MacLellan has been featured in CEOCFO Magazine - a daily
online investment news publication that delivers market news and
analysis to investors through exclusive interviews with venture
capital and publicly-traded companies listed on US and
International stock exchanges. In his interview Mr. MacLellan
comments on AMDL's continued focus to become a leading
pharmaceutical company with three distinct and growing divisions
that include In Vitro Diagnostics (IVD), High End Skin Care
Products, and China-based Pharmaceuticals; and target goals of
achieving profitability across AMDL's US and China-based operations
by year end. Mr. MacLellan also provided updates on AMDL's
worldwide commercialization strategy for the Company's DR-70 (FDP)
IVD cancer test saying, "We are leveraging last year's US FDA
approval for DR-70 with the launch of an international
commercialization and have already realized sales revenues in this
division. I believe in vitro diagnostics will be a substantial
segment for the AMDL -- one that absolutely has the potential to
generate equivalent or better returns as compared to our
China-based pharmaceutical division." Since 2006 AMDL has achieved
more than 100% in year-over-year gross revenue growth and remains
on track with its FY2009 business milestones and financial guidance
projections. The Company 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 was named one of the Top 5 fastest
growing publicly-traded companies in Orange County by international
consulting group Deloitte. The CEOCFO interview of Mr. MacLellan
has been published and is available upon request by emailing AMDL's
Investor Relations at or by visiting the CEOCFO website located at
ceocfomagazine.com. (User subscription is required.) For additional
information on AMDL, its portfolio of products and 2009 business
strategy visit the Company's website at http://www.amdl.com/ .
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/ http://www.ceocfomagazine.com/
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