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AMDL First to Implement US & China-Based, GAAP-Certified Accounting Technology to Capitalize on Lucrative China Healthcare Market
Date:1/29/2009

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In addition to the Kingdee system, AMDL has taken additional steps to operationalize other best business practices and standards across its US and China-based operations. Today's announcement on the implementation of GAAP-certified accounting system is just one in a thorough list of operational excellence protocols the Company is enforcing. Others include:

  • Establishing a US FDA, GMP-approved and ISO 13485-certified manufacturing facility in Tustin, California and four cGMP manufacturing facilities in Jiangxi and Jilin provinces in China.

  • Securing tenured, contractual distributor relationships with exclusivity clauses that enable AMDL's distributors to distribute and sell the Company's products in key China markets as well as Europe, South America and US without facing outside competition. Distributors engaged with the Company have remained in contract with AMDL on average for <period> and the Company continues to bring new distributor relationships onboard.

  • Implementing Sarbanes-Oxley (SOX) compliant internal control structures and procedures by 2009.

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 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 forwa
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SOURCE AMDL, Inc.
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