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China-Biotics, Inc. Reports Third Quarter 2008 Financial Results
Date:2/13/2008

p> and equipment 14,793 --

Additions of fixed assets (1,327,488) (8,398,701)

NET CASH USED IN INVESTING ACTIVITIES $(1,312,695) $(8,398,701)

CASH FLOWS FROM FINANCING ACTIVITIES

Issue of convertible notes -- 25,000,000

NET CASH PROVIDED BY FINANCING ACTIVITIES $-- $25,000,000

Effect of exchange rate changes on cash $531,950 $2,175,977

NET INCREASE IN CASH AND CASH EQUIVALENTS

BALANCES $5,109,985 $32,089,702

CASH AND CASH EQUIVALENTS BALANCES

AT BEGINNING OF PERIOD 19,840,812 26,992,025

CASH AND CASH EQUIVALENTS BALANCES

AT END OF PERIOD $24,950,797 $59,081,727

For more information, please contact:

CCG Elite Investor Relations

Crocker Coulson, President

Tel: +1-646-213-1915 (New York)

Email: crocker.coulson@ccgir.com


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SOURCE China-Biotics, Inc.
Copyright©2008 PR Newswire.
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