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Biostar Pharmaceuticals, Inc. Receives Government Approvals for Three New Products
Date:7/16/2009

improve overall energy levels and replenish kidney function.

Management anticipates that Yizi Capsules, Tangning Capsules, and Shengjing Capsules collectively will contribute $3.5 million in sales and $1 million in net income in 2009. For 2010, the management anticipates recording $7.4 million in revenue and $2 million in net income. As a component of these forecasts, the Company estimates that Yizi Capsules will generate $2.6 million and $5.2 million in revenues in 2009 and 2010, respectively. The margin profile of these products is expected to be slightly better than that of Biostar's current product mix.

The sales of these three products will be mainly through the Company's new rural cooperative medicine supply network with approximately 1,320 sales outlets in the rural areas currently. Biostar plans to build a rural medicine supply network covering 10,000 sales outlets in two years and these new products will be deployed in tandem with the expansion of the network. Sales training is currently under way.

"We are very pleased to receive approval of Yizi Capsules, Tangning Capsules and Shengjing Capsules from the local government. This is a very important step and positive progress for our business which further diversifies and complements our product portfolio," said Mr. Wang Ronghua, Chairman and CEO of Biostar Pharmaceuticals, Inc. "We are well positioned to capitalize on these new growth opportunities as these approvals enable us to immediately leverage our production capacity and our rural medicine supply network to generate incremental revenues and future growth."

About Biostar Pharmaceuticals, Inc.

Biostar Pharmaceuticals, Inc., through its wholly-owned subsidiary in China, develops, manufactures and markets pharmaceutical and medical nutrient products for a variety of diseases and conditions. The Company's most popular product is its Xin Ao Xing Oleanolic Acid
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SOURCE Biostar Pharmaceuticals, Inc.
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