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China Sky One Medical, Inc. Reaffirms Guidance for 2008 Revenue and Net Income and Provides Business Update
Date:2/10/2009

HARBIN, China, Feb. 10 /PRNewswire-Asia-FirstCall/ -- China Sky One Medical, Inc. (''China Sky One Medical'' or ''the Company'') (Nasdaq: CSKI), a leading fully integrated pharmaceutical company producing over-the-counter drugs in the People's Republic of China (''PRC''), today reaffirmed its revenue and net income guidance for the full-year 2008 period.

Due to continued strong organic growth and contribution from its recent acquisitions, the Company reaffirmed its full year 2008 revenue estimate of $88-$90 million, and its full year 2008 net income estimate of $27-$28 million. China Sky One Medical also reaffirmed its 2008 gross margin estimate of approximately 77%, which it expects to improve once production capacity at its recently acquired facilities reaches normalized levels.

''Despite the global economic recession, we continue to experience strong demand for our products in China since they address common everyday ailments and are reasonably priced, with consumers only paying a small portion of the cost while the remainder is covered by healthcare insurance,'' said Mr. Yan-Qing Liu, Chairman and CEO of China Sky One Medical. "Best-selling products such as our Slim Patch continue to do well since consumers are more likely to spend on weight loss products at the expense of other discretionary items. In addition, we have a high degree of customer loyalty, especially with our weight loss products, due to our successful advertising campaign in 2008.''

''Our pipeline of new drugs is robust and we continue to add new sales agents to keep up with the rapid development of the Chinese pharmaceutical market,'' said Mr. Yan-Qing Liu. "We are currently looking at even more creative promotional and marketing strategies as we continue to launch a host of new and exciting products in 2009. Overall, we believ
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SOURCE China Sky One Medical, Inc.
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