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AMDL Inc. Announces Second Quarter 2008 Results; Company Posts $5.8 Million in Sales With a Revenue Increase of 140%
Date:8/15/2008

TUSTIN, Calif., Aug. 15 /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, today reported today unaudited results and the filing of its Quarterly Report on Form 10-Q with the Securities and Exchange Commission ("SEC") for the quarter ended June 30, 2008. The Company reported gross revenues of $5.8 million -- an increase of 140% compared with $2.4 million in sales reported for the second quarter of 2007.

Gross profits for the second quarter ended June 30, 2008 increased 152% to $2.9 million compared to $1.1 million for the same period in 2007. The Company's consolidated net losses for the second quarter ended June 30, 2008 were $429,567 or ($0.03) per share compared to a consolidated net loss of $2,264,305 or ($0.17) per share for the same period in 2007. Comprehensive gains after foreign currency translation were $94,448 or $0.006 per share for the second quarter ended June 30, 2008 compared to a loss of $1.9 million.

The lower than expected results for the second quarter of 2008 were in part due delayed revenue recognition from unshipped product for the Company's Domperidone and Goodnak products, higher than expected SG&A expenses, and lost revenues of approximately $110,000 from product donations the Company provided in support of the Sichuan Earthquake disaster relief efforts. Revenue loss as a result of the unshipped Domperidone and Goodnak were the result of interrupted distributor sales cycles also from the earthquake disaster. AMDL is working with its distributor network to accelerate the sales cycles for these products and expects to fully recoup lost
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