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China Sky One Medical, Inc. Announces Record Third Quarter 2008 Results
Date:11/10/2008

growth and the recent acquisitions, the Company recently raised its full-year 2008 revenue guidance to $88-$90 million, and full year 2008 guidance for net income to $27-$28 million. China Sky One Medical expects 2008 gross margin to be approximately 77%, but expects that gross margin will improve once production capacity at its newly acquired facilities reaches normalized levels.

Conference Call

The Company will conduct a conference call at 8:00 a.m. Eastern Time on Monday, November 10, 2008, to discuss the third quarter 2008 results. To participate in the live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: (866) 573-1052 International callers should dial (702) 696-4500. The Conference ID for this call is 72520119. If you are unable to participate in the call at this time, a replay will be available for fourteen days starting on Monday, November 10, 2008 at 12 p.m. Eastern Time. To access the replay, dial (800) 642-1687, international callers dial (706) 645-9291, conference ID 72520119.

About China Sky One Medical, Inc.

China Sky One Medical, Inc., a Nevada corporation, is a holding company. The Company engages in the manufacturing, marketing and distribution of pharmaceutical, medicinal and diagnostic products. Through its wholly-owned subsidiaries, Harbin Tian Di Ren Medical Science and Technology Company ("TDR") and Harbin First Bio-Engineering Company Limited ("First"), the Company manufactures and distributes over-the-counter pharmaceutical products, which make up its major revenue source. For more information, visit http://www.skyonemedical.com .

Safe Harbor Statement

Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looki
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SOURCE China Sky One Medical, Inc.
Copyright©2008 PR Newswire.
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