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Shengtai Pharmaceutical, Inc. Reports Strong Second Quarter Results of Fiscal Year 2008
Date:2/14/2008

>

loans (7,440,963) (4,946,150)

Borrowings on employee

loans 1,271,112 --

Payments on employee

loans (137,616) --

Borrowings on third party

loan 1,781,556 --

Payments on long term

loans -- (885,500)

Cash proceeds from

issuance of common stock 506,493 --

Dividend paid to

shareholders -- (393,257)

Net cash (used in)

provided by

financing activities (4,358,725) 6,943,744

EFFECTS OF EXCHANGE RATE

CHANGE IN CASH 96,016 9,228

DECREASE IN CASH (5,374,435) (199,877)

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

CASH, end of period $ 1,046,004 $ 302,580

For more information, please contact:

Company Contact:

Mr. Yizhao Zhang

CFO

Shengtai Pharmaceutical, Inc.

Tel: +86-536-629-5728

Email: shengtaicfo@hotmail.com

Investor Relations Contact:

Mr. Crocker Coulson

President

CCG Elite Investor Relations

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

Email: crocker.coulson@ccgir.com


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SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2008 PR Newswire.
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