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American Oriental Bioengineering Reports Fourth Quarter and Full Year 2007 Financial Results
Date:3/6/2008

or 1-719-457- 0820 for international callers, access code: 4824427.

About American Oriental Bioengineering Inc.

American Oriental Bioengineering Inc. is a pharmaceutical company dedicated to improving health through the development, manufacture and commercialization of a broad range of prescription and over the counter products in China. For more information, visit http://www.bioaobo.com.

Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. The economic, competitive, governmental, technological and other factors identified in the Company's filings with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2007, may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

AMERICAN ORIENTAL BIOENGINEERING, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

December 31,

2007 2006

CURRENT ASSETS

Cash and cash equivalents $166,410,075 $87,784,419

Accounts receivable, net 16,494,619 11,141,057

Inventories, net 12,264,536 10,684,316

Advances to suppliers and prepaid

expenses 4,309,352 1,950,101

Notes receivable 2,259,616
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SOURCE American Oriental Bioengineering, Inc.
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