TUSTIN, Calif., May 8 /PRNewswire-FirstCall/ -- AMDL Inc. (NYSE Alternext US: ADL), a US-based pharmaceutical company with major operations in China, announced today its JJB wholly foreign-owned subsidiary located in Shangrao, Jiangxi Province, China has received approval from the Chinese State Food and Drug Administration (SFDA) to re-initiate product production on its small injectable manufacturing line which is specifically used to produce the Goodnak(R) anti-aging injectable product and other small volume parenteral solutions.
The SFDA requires all China-based companies engaged in the manufacture of pharmaceutical products to have "Good Manufacturing Practices" (GMP) certification. In Q108, JJB's GMP certification expired and the Company initiated $1.5 million in plant renovations to bring the facility and its operations into compliance with the SFDA. With today's announcement, JJB has reopened the Jiangxi-based plant and resumed operations for its small injectable manufacturing line.
According to Mr. Douglas MacLellan, Chairman and CEO of AMDL, "Based on the pending renewal of our GMP-certification for the JJB plant we anticipated a temporary cease in operations at JJB and planned accordingly by successfully amounting adequate product supply to meet distributor demand through SFDA approval. The manufacturing lines at this facility have resumed operations and we remain on track with our quarterly and fiscal year business and financial projections."
For additional information on AMDL, its FY09 financial forecast, portfolio of international health and beauty products, and 2009 business strategy, visit the Company's website at www.amdl.com or contact AMDL Investor Relations at firstname.lastname@example.org .
Headquartered in Tustin, CA with operations in China, AMDL Inc., along with its subsidiary Jade Pharmaceutical Inc. (JPI), is a pharmaceutical company devoted to the research, development, manufacturing, and marketing of diagnostic, pharmaceutical, nutritional supplement, and cosmetic products. The Company employs over 500 people in the US and China.
Forward Looking Statements:
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this document include certain predictions and projections that may be considered forward-looking statements under securities law. These statements involve a number of important risks and uncertainties that could cause actual results to differ materially including, but not limited to, the performance of joint venture partners, as well as other economic, competitive and technological factors involving the Company's operations, markets, services, products, and prices. With respect to AMDL Inc., except for the historical information contained herein, the matters discussed in this document are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements.
AMDL Contact: Kristine Szarkowitz Director-Investor Relations email@example.com (Tel :) 206.310.5323
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