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Shengtai Pharmaceutical, Inc. Reports Third Quarter Results of Fiscal Year 2008
Date:5/16/2008

1,412,554 627,960

Payments on employee loans (459,082) (378,336)

Borrowings on employee loan - officer 45,187 --

Borrowings on third party loan 2,898,529 --

Payments on third party loan (2,826,195) --

Payments on long term loans -- (1,334,641)

Cash proceeds from issuance

of common stock 506,493 --

Dividend paid to shareholders -- (395,838)

Net cash provided by

financing activities 1,200,490 8,078,215

EFFECTS OF EXCHANGE RATE

CHANGE IN CASH 248,470 14,494

DECREASE IN CASH (3,191,103) (147,763)

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

CASH, end of period $ 3,229,336 $ 354,694

For more information, please contact:

Company Contact:

Ms. Melody Shi

CFO

Shengtai Pharmaceutical, Inc.

Tel: +1-949-468-7078

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

Website: http://www.ccgelite.com


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SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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