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China-Biotics, Inc. Reports Second Quarter 2009 Financial Results
Date:11/11/2008

nutes prior to the start time (to allow time for registration) and reference passcode 71784337. 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 atthe 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 Tuesday, November 11, at approximately 11:00 a.m. EST through Tuesday, November 18, at midnight EST. Dial 800-677-6425 and enter the conference ID number 71784337. International callers should dial 402-220-1449 and enter the same conference ID number.

Use of Non-GAAP Financial Information

GAAP results for the second quarter ended September 30, 2008, include a non-cash gain 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 not meant to be considered in isolation or as a substitute for GAAP financials. The non-GAAP financial information that the Company provides also may differ from the non-GAAP information provided by other companies.

About China-Biotics, Inc.

China-Biotics, Inc. ("China-Biotics," "th
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