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Shengtai Pharmaceutical, Inc. Reports First Quarter Results of Fiscal Year 2008

on short term loans (3,616,158) (842,056)

Borrowings on employee loans -- 17,595

Payments on employee loans (90,905) (164,641)

Payments on long term loans -- (879,760)

Net cash (used in)

provided by financing

activities (4,541,561) 5,257,195


IN CASH 41,437 5,932

(DECREASE) INCREASE IN CASH (5,037,792) 49,063

CASH, beginning of period 6,420,439 502,457

CASH, end of period $ 1,382,647 $ 551,520

For more information, please contact:

Company Contact:

Mr. Philips Zhang


Shengtai Pharmaceutical, Inc.

Tel: +86-536-629-5728


Investor Relations Contact:

Mr. Crocker Coulson


CCG Elite Investor Relations

Tel: +1-646-213-1915 (NY Office)


SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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