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Weikang Bio-Technology Issues 2010 and 2011 Fiscal Year Guidance
Date:9/14/2010

$55 million, gross profit of $33 million and net profit of $21 million. The Company is also targeting fiscal year 2011 revenue growth to be in the range of 30% to 50% over 2010 revenue. Average gross margin for 2011 is expected to be approximately 60% as the Company's sales of higher margin products increases as a percentage of overall revenue. Revenue growth is supported by the Company's solid pipeline of new therapeutics to be launched in fourth quarter 2010 and the first half of 2011. In addition to a variety of sales and media promotions, Weikang Bio-Technology will be introducing their new therapeutics to a large number of new retailers and distributors at the 64th National Drug Exchange Convention in December.

"We are upbeat about our future growth opportunities as we continue to strengthen our market position by broadening our sales territory and launching new and exciting therapeutics that have a wide market potential. In the fourth quarter of 2010 and the first half of 2011, we intend to launch five new proprietary therapeutics; Sha Bai Shuanghuai, Gouqi Xi Pu, Shouwu Long Life and Lysozyme Buccal and Ha Ge Jiao Lan," commented Dr. Ying Wang, Chairman & CEO of Weikang Bio-Technology Group Co., Inc. "Our new product launches are supported through a variety of marketing efforts including providing sales incentives to our distributors as well as regular media promotions."

The new therapeutics have been approved by the State Food and Drug Administration (SFDA). A brief description of the new therapeutics expected to be launched are listed below:

Rongrun Brand -- Sha Bai Shuanghuai is primarily used for preventing and treating cardio and cerebrovascular diseases such as coronary heart disease, angina, hyperlipemia, hypertension and cerebral arteriosclerosis. -- Gouqi Xi Pu is primarily used to remove free radicals, provides anti-aging protection and enhances the immune system. -- Ha Ge Jiao Lan is primari
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SOURCE Weikang Bio-Technology Group Co., Inc.
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