The company will host a conference call at 9:00 a.m. EDT on, Friday, August 15, 2008, to discuss its financial results for the fiscal first quarter ended June 30, 2008. To participate in the event by telephone, please dial (888) 241-0558 five to 10 minutes prior to the start time (to allow time for registration) and reference passcode 58187212. International callers should dial 647-427-3417. The conference call will be broadcast live over the Internet and can be accessed by all interested parties at the Company's Web site, http://www.chn-biotics.com . To listen to the call, please visit the site at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live webcast, it will be archived using the same link for 90 days. A digital replay of the call will also be available on Friday, August 15, at approximately 11:00 a.m. EDT through Friday, August 22, at midnight EDT. Dial (800) 678-0453 and enter the conference ID number 58187212. International callers should dial (402) 220-1458 and enter the same conference ID number.
Use of Non-GAAP Financial Information
GAAP results for the first quarter ended June 30, 2008, include a
non-cash loss related to the change in fair value of the Company's
convertible notes. To supplement the Company's condensed consolidated
financial statements presented on a GAAP basis, the Company has provided
non-GAAP financial information excluding the impact of this item, which is
non-GAAP net income, in this release. The Company's management believes
that this non-GAAP measure provides investors with a better understanding
of how the results relate to the Company's historical performance. A
reconciliation of adjustments to GAAP results appears in the table
accompanying this press release. This additional non-GAAP information is
|SOURCE China-Biotics, Inc.|
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