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Lotus Pharmaceuticals, Inc. Announces Fourth Quarter and Fiscal Year 2007 Results
Date:4/17/2008

about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.

-- FINANCIAL TABLES FOLLOW --

LOTUS PHARMACEUTICALS, INC. AND SUBSIDIARIES

Unaudited Consolidated Statements of Operations

Three Months Ended December 31,

2007 2006

(restated)

Revenues $ 19,223,779 $ 11,128,000

Cost of Goods Sold 10,940,507 8,647,623

Gross Profit 8,283,272 2,480,377

Operating Expenses

Selling 3,595,460 1,839,251

Research and development 862,519 96,833

General and administrative 382,646 684,888

Total operating expenses 4,840,625 2,620,972

Income (Loss) from Operations 3,442,647 (140,595)

Other Income (Expense)

Other income (expense) 2,102,115 --

Interest expense, net (427,800) (17,114)

Total other income (expense) 1,674,315 (17,114)

Income (Loss) Before Provision

for Income Tax 5,116,962 (157,709)

Net Income (Loss) $ 5,116,962 $ (157,709)

Basic Earnings Per Share $ 0.12 $ (0.00)

Diluted Earnings Per Share $ 0.12 $ (0.00)

Basic Weighted Average Shares

Outstanding 41,
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SOURCE Lotus Pharmaceuticals, Inc.
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