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China-Biotics, Inc. Reports Record Quarterly and Annual Revenue Growth for Fiscal Year 2010
Date:6/13/2010

tons annually and a world-class fermentation workshop equipped with a sophisticated control system and customized design for its proprietary fermentation technology.

Recent Developments

In April 2010, China-Biotics received the Good Manufacturing Process ("GMP") approval from the Shanghai Food and Drug Administration ("SHFDA") for the new production facility in the Qingpu Industrial Park. The certificate is valid through March 28, 2013 and is renewable. GMP is a global quality assurance system that covers the testing and manufacturing of food, pharmaceutical products, and medical devices. GMP stipulates stringent approval guidelines on various aspects of production including approvals for both the organization and personnel based on evaluations of the factory and equipment, materials, hygiene certificates, waste and recycling, and aftersales, etc. Most developed countries legislate the use of GMP. The implementation of GMP in China has introduced a comparable level for safety and efficacy standards for pharmaceutical-related products.

In May 2010, the Ministry of Health in China announced an expanded list of probiotics. China-Biotics currently carries all of the 21 probiotics strains on the list. These probiotics strains are widely used in the Company's bulk additive products.

Outlook for the Fiscal Year 2011

For fiscal year 2011, the management is expecting net sales to be at least 50% year-over-year growth. This target is based on the Company's current views on the operating and market conditions, which are subject to change.

Mr. Jinan Song, Chairman and CEO of
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SOURCE China-Biotics, Inc.
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