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Lotus Pharmaceuticals, Inc. Reports Second Quarter 2009 Financial Results
Date:8/14/2009

OF CASH FLOW INFORMATION: Cash paid for: Interest $-- $56,557 Income taxes $-- $-- Non-cash investing and financing activities: Warrants issued for prepaid financing costs and consulting expense $-- $505,752 Common stock issued for prior services $249,000 $318,551 Common stock issued for future services $9,000 $-- Common stock issued for conversion of convertible redeemable preferred stock $150,000 $250,000 Debt discount for grant of warrants and beneficial conversion feature $-- $2,033,025 Increase in payable for construction- in-progress $293,520 $-- Preferred stock issued for dividend payable $400,000 $-- For further information, please contact: Lotus Pharmaceuticals, Inc. Yan ZENG, CFO Tel: +86-10-6389-9868 Email: zy@lotuspharma.com Web: http://www.lotuspharma.com
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