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China Sky One Medical Announces Preliminary First Quarter 2010 Results; Reschedules Earnings Conference Call
Date:5/10/2010

HARBIN, China, May 10 /PRNewswire-Asia-FirstCall/ -- China Sky One Medical, Inc. ("China Sky One Medical" or "the Company") (Nasdaq: CSKI), a leading fully integrated pharmaceutical company producing over-the-counter drugs in the People's Republic of China, today reported unaudited preliminary revenues of $28.9 million and operating income of $10.1 million for the first quarter ended March 31, 2010.

The Company also announced it will file a Notification of Late Filing under Rule 12b-25 of the Securities Exchange Act of 1934 with the SEC for an extension of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2010. The Company will also file an amendment to its 2009 Annual Report on Form 10-K to reflect the application of accounting standards related to the valuation of 750,000 warrants issued in 2008 (the "Warrants").

China Sky One Medical intends to file the 10-Q for the quarter ended March 31, 2010 by Monday, May 17th, within the five day extension period, and the amended 10-K at about the same time. As a result of the delayed filing, the Company will reschedule its first quarter 2010 earnings conference call from Tuesday, May 11th to Tuesday, May 18th. Details of the rescheduled conference call will be provided shortly.

"Based on consultation with our independent auditor, discussion with our Audit Committee and feedback from the SEC, the Company believ
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SOURCE China Sky One Medical, Inc.
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