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Weikang Bio-Technology Reports Second Quarter 2010 Financial Results
Date:8/16/2010

,874 7,603,863 CASH FLOWS FROM INVESTING ACTIVITIES: Construction in progress (444,577) -- Acquisition of property & equipment (8,869) (2,187) Net cash used in investing activities (453,446) (2,187) CASH FLOWS FROM FINANCING ACTIVITIES: Changes in due from management -- 1,242,783 Net proceeds from shares issued 2,197,500 -- Payment for purchase of Tianfang -- (3,812,283) Changes in due from related party 24,908 (117,628) Net cash provided by (used in) financing activities 2,222,408 (2,687,128) EFFECT OF EXCHANGE RATE CHANGE ON CASH & CASH EQUIVALENTS 103,423 5,220 INCREASE IN CASH & CASH EQUIVALENTS 9,105,259 4,919,768 CASH & CASH EQUIVALENTS, BEGINNING OF PERIOD 11,380,019 16,927 CASH & CASH EQUIVALENTS, END OF PERIOD $20,485,278 $4,936,695 For more information, please contact: Company contact: Ren Hu, VP of Finance Weikang Bio-Technology Group Co., Inc. US Tel: +1-201-887-0415 China cell: +86-137-1872-8163 Email: rhu@weikangbio.com Investors Relation contacts: John Marco, Partner, Elite IR Tel: +1-310-819-2948 Email: John.marco@elite-ir.com Leslie J. Richardson, Partner, Elite IR Tel: +852-3183-0283 Email: Leslie.richardson@elite-ir.com
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SOURCE Weikang Bio-Technology Group Co., Inc.
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