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BMP Sunstone Reports First Quarter 2008 Financial Results
Date:5/19/2008

- Company Reports Record Revenue and Gross Margin Performance -

- Revenue Increased 218% Year Over Year to $18.1 million -

- 42.7% Gross Margin Reached in 1Q 2008 -

PLYMOUTH MEETING, Penn., May 19 /Xinhua-PRNewswire-FirstCall/ -- BMP Sunstone Corporation (Nasdaq: BJGP) ("BMP Sunstone" or the "Company"), today announced its financial results from the first quarter of 2008. The Company intends to file its Form 10Q today.

Key Highlights from the First Quarter of 2008 include:

-- Revenue increased 218% year over year to $18.1 million from $5.7

million in 1Q07

-- Gross profit increased to $7.7 million from $654,000 in 1Q07

-- Gross margin increased to 42.7% from 11.5% in 1Q07

-- Adjusted EBITDA improves to $1,523,000 from a loss of $1.4 million in

1Q07

David Gao, Chief Executive Officer of BMP Sunstone, stated, "Our first quarter 2008 financial results are the strongest achieved in our Company's history and reflect the initial revenue and gross margin contributions from Sunstone. Our growing licensed products business also drove gross margin improvements and we are excited about the increasing presence we are realizing at BMP China."

Gao continued, "Through the Sunstone acquisition, we significantly enhanced our product offering with two of China's leading healthcare brands in therapeutic areas that we believe are extremely compelling: pediatrics and women's health. We also expanded our distribution reach into more than 50,000 retail pharmacies in China. With a stronger brand portfolio and a materially larger retail presence, we remain dedicated to realizing synergies across our organization in 2008 and beyond."

Revenue for the fi
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SOURCE BMP Sunstone Corporation
Copyright©2008 PR Newswire.
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