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Kendle Delivers Record Sales, Net Service Revenues and Earnings Per Share for Second Quarter 2008
Date:8/6/2008

d ended June 30, 2008.

Cash flow from operations for the first six months of 2008 was negative $3.3 million compared with positive $24.4 million for the same period of the prior year. Capital expenditures for the first six months of 2008 totaled $12.0 million, compared with $7.4 million for the same period of the prior year.

Updated Full-Year 2008 Guidance

For the full year 2008, Kendle is now projecting net service revenues in the range of $490 to $500 million and earnings per share on a diluted basis of $2.00 to $2.15. Kendle previously had projected net service revenues in the range of $450 to $460 million and earnings per share on a diluted basis of $1.90 to $2.07. Earnings per share guidance assumes no dilution from the convertible notes. As previously reported, operating margin is still projected to be between 13 and 14 percent.

Second Quarter 2008 Conference Call and Webcast Details

Kendle will host its Second Quarter 2008 conference call Aug. 6, 2008, at 9:30 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed at http://www.kendle.com . A replay of the Webcast will be available at http://www.kendle.com shortly after the call for on-demand replay through 5 p.m. Eastern Time on Sept. 5, 2008.

About Kendle

Kendle International Inc. (Nasdaq: KNDL) is a leading global clinical research organization providing the full range of early- to late-stage clinical development services for the world's biopharmaceutical industry. Our focus is on innovative solutions that reduce cycle times for our customers and accelerate the delivery of life-enhancing drugs to market fo
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SOURCE Kendle International Inc.
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