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American Oriental Bioengineering Reports Third Quarter 2007 Financial Results
Date:11/5/2007

hrough the development, manufacture and commercialization of modernized plant based products in China. For more information, visit http://www.bioaobo.com.

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the Company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

AMERICAN ORIENTAL BIOENGINEERING, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

ASSETS

SEPTEMBER 30, DECEMBER 31,

2007 2006

UNAUDITED

CURRENT ASSETS

Cash and cash equivalents $170,624,005 $87,784,419

Accounts receivable, net of

reserve of $285,007 and $39,776

at September 30, 2007 and

December 31, 2006, respectively 15,333,892 11,141,057

Inventories, net of
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SOURCE American Oriental Bioengineering, Inc.
Copyright©2007 PR Newswire.
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