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AMDL Inc. Announces Closing of Private Placement Senior Notes
Date:12/9/2008

TUSTIN, Calif., Dec. 9 /PRNewswire-FirstCall/ --(www.amdl.com)AMDL, Inc. (Amex: ADL), a vertically integrated pharmaceutical company with major operations in China and the US, announced today the closing of the first tranche of a private placement offering of 12% senior notes and warrants.

In this first closing, AMDL sold $1,077,500 of 12% senior notes at par value. The notes mature at the earlier of 24 months or the completion of a bank or credit facility of not less than $8 million in one or more transactions. The warrants included in the offering have a term of five years from the date of issuance and are exercisable at a price equal to $1.00 per share. Under the terms of the offering the exercise price of the warrants are equal to the greater of $1.00 per share or 115% of the five day volume average weighted prices (VWAP) of the Company's common stock prior to the closing date of the offering.

Mr. Douglas MacLellan, President and CEO of AMDL, Inc. said "This financing strengthens our cash position and allows us to finance key business initiatives, including the commercialization and introduction of key products such as DR-70(R) and Goodnak in opportunistic markets including China and the US."

The exclusive placement agent for this offering is Cantone Research Inc, located in Tinton Falls, NJ 07724 (phone: 800-782-9953). Cantone Research is expected to have a final closing of this Senior Note before end of December 2008. This press release does not constitute an offer or solicitation to sell or purchase any of the Company's securities. Any of the Company's securities offered will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or s
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SOURCE AMDL, Inc.
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