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China Bionanometer Industries Corporation Announces Record Second Quarter 2007 Results
Date:1/29/2008

s 1,278,627 575,825

Cash flows from investing activities

Payments to acquire property, plant and

equipment (4,033) (15,462)

Deposit for acquisition of building (904,104) --

Net cash flows used in investing activities (908,137) (15,462)

Cash flows from financing activities

Proceeds from bank loan 627,850 488,880

Repayment of bank loan (502,280) (488,880)

Net cash flows provided by financing activities 125,570 --

Effect of foreign currency translation on

cash and cash equivalents 80,152 42,836

Net increase in cash and cash equivalents 576,212 603,199

Cash and cash equivalents - beginning of year 2,012,874 1,409,675

Cash and cash equivalents - end of year $2,589,086 $2,012,874

Supplemental disclosures for cash flow

information

Cash paid for:

Interest $45,876 $42,813

Income taxes $-- $--

Landway Bionanometer Technology Joint-stock Co., Ltd

Statements of Stockholders' Equity

(Stated in US Dollars)

Accumulated

Common other

stock comprehensive (Accumulated

income deficits) Total

Balance, January 1, 2005 $7,852,802 $10,480 $(2,086,443) $5,776,839

Comprehensive income

Net income -- (80,824) (80,824)

Foreign currency translation

adjustments -- 14
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SOURCE Xi'an Landway Bionanometer Technology Co., Ltd.
Copyright©2008 PR Newswire.
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