TUSTIN, Calif., Jan. 6 /PRNewswire-FirstCall/ -- AMDL, Inc. (Amex: ADL), a vertically integrated pharmaceutical company with operations in China and the US, announced today industry analyst Lauren Rudd has issued a strong buy recommendation for AMDL in his year-end financial research report on the Company.
The report projects a 12-month target price of $5.00 for AMDL and highlights the Company's:
-- Consistent, positive historical financial performance over the past
four years
-- Most recent operational changes and business updates, including an
updated overview of AMDL's China-based subsidiary Jade Pharmaceuticals,
Inc.
-- FY2009 product pipeline
-- FY2009 plans for the AMDL ELISA DR-70(R) (FDP) cancer monitoring test;
best-selling Human Placenta Extract (HPE) anti-aging product line; and
MYHPV Chip(R) diagnostic test kit which detects approximately 28
different strains of the Human Papilloma Virus.
The research report also provides a thorough peer group comparison with valuation analyses, views and opinions on AMDL's projected financial performance for the 2009 fiscal year, and historical financials.
According to Mr. Rudd, "AMDL has taken major initiatives to build its strengths while reorganizing top management and still producing respectable financials which has resulted in AMDL being one of the most under priced stocks we have seen in a long time."
A full copy of the report is available for downloading online at
http://www.ruddreport.com or by contacting Ms. Kristine Szarkowitz, AMDL's
Director Investor Relations, at kszarkowi
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| SOURCE AMDL, Inc. Copyright©2009 PR Newswire. All rights reserved |