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China Sky One Medical, Inc. Announces Record First Quarter 2009 Results
Date:5/14/2009

mp; Development project for the Company's Sudden Cardiac Death (SCD) Early Examination Kit had been appraised by the Heilongjiang Bureau of Science and Technology. This project represents one of the very few proprietary technologies in the bio-diagnostic field that is owned by the Chinese. Management expects to complete the new product application process within one year.

Business Outlook and Guidance

"We are confident about the prospects for our business in 2009 and will continue to focus on increasing market share by both strengthening and further refining our successful sales and distribution network, building and enhancing our brand image, and making strategic acquisitions that continue to support our growth," said Mr. Yan-Qing Liu, Chairman and CEO of China Sky One Medical, Inc.

"In 2009, we expect full year revenue to increase by 40%, or approximately $37.0 million, to $128-$130 million, driven by growth in all of our product sales categories. We expect that net income will increase to $38-$39 million, resulting in net profit margin of approximately 30%. We expect 2009 gross margin to be approximately 74% due to higher raw material costs," Mr. Yan-Qing Liu added.

Conference Call

The Company will conduct a conference call at 10:00 a.m. Eastern Daylight Time on Friday, May 15, 2009, to discuss its first quarter of fiscal year 2009 financial results. Joining Mr. Yan-Qing Liu, Chairman and CEO of China Sky One Medical, Inc., will be Stanley Hao, Chief Financial Officer.

To participate in this live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: (888) 419-5570. International callers should call (617) 896-9871. The Conference Passcode is 455 090 46. If you are unable to participate in the call at that time, replay of the conference call will be available from Friday, May 15, 2009 at 12:00 p.
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SOURCE China Sky One Medical, Inc.
Copyright©2009 PR Newswire.
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