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American Oriental Bioengineering Reports First Quarter 2010 Financial Results
Date:5/10/2010

NEW YORK, May 10 /PRNewswire-Asia-FirstCall/ -- American Oriental Bioengineering, Inc. (NYSE: AOB), ("the Company" or "AOBO"), a pharmaceutical company dedicated to improving health through the development, manufacture and commercialization of a broad range of prescription and over the counter ("OTC") products, today announced financial results for the first quarter ended March 31, 2010.

First Quarter 2010 Financial Performance

Revenue in the first quarter of 2010 increased 16.7% year over year to $53.7 million from $46.1 million, reflecting continued demand for the Company's core prescription and OTC pharmaceutical products.

    -- Revenue from pharmaceutical products increased 17.8% to $40.9 million
       from $34.7 million in the first quarter of 2009, driven by increased
       demand for the Shuanghuanglian ("SHL") Injection Powder, BOKE and CCXA
       pharmaceutical products, as well as the newly-launched products such as
       YuYeQingHuo Capsules. Revenue from prescription pharmaceutical products
       increased 29.3% to $20.9 million from $16.2 million in the prior year
       period, reflecting a year over year increase in sales from the
       prescription Jinji capsule, SHL powder, Boke and CCXA prescription
       products. The overall increase in sales was also supported by
       continuous marketing efforts, an increase in new product offerings, and
       expansion of coverage to previously unaddressed rural markets.  OTC
       pharmaceutical products generated $19.9 million in revenue during the
       first quarter of 2010, in comparison to $18.5 million in the prior year
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SOURCE American Oriental Bioengineering, Inc.
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