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

in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

    For more information, please contact:

     Integrated Corporate Relations, Inc.
     Ashley M. Ammon
     Tel:   +1-646-277-1200



           AMERICAN ORIENTAL BIOENGINEERING, INC. AND SUBSIDIARIES
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                                 (UNAUDITED)

                                                   MARCH 31,    DECEMBER 31,
                                                      2010          2009
    CURRENT ASSETS
    Cash and cash equivalents                     $95,787,301   $91,126,486
    Restricted Cash                                 3,209,381     3,298,379
    Accounts and notes receivable, net             53,503,601    57,504,454
    Inventories, net                               19,838,535    10,015,711
    Advances to suppliers and prepaid
     expenses                                       5,525,812    13,901,180
    Deferred tax assets                               590,330       824,451
    Other current assets                            1,494,931     1,246,647
            Total Current Assets                  179,949,891   177,917,308

    LONG-TERM ASSETS
    Property, plant and equipment, net             94,614,699    95,468,265
    Land use rights, net                          152,805,027   153,604,196
    Other long term assets                          7,930,112     7,909,086
    Construction in progress                       30,111,567    28,975,386
    Other intangible assets, net                   17,480,990    18,695,554
    Goodwill                                       33,164,121    33,164,121
    Investments in and advances to
     equity investments                            57,461,382    57,325,887
    Deferred tax assets                               138,746       134,268
    Unamortize
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SOURCE American Oriental Bioengineering, Inc.
Copyright©2010 PR Newswire.
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