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Tianyin Pharmaceutical Co., Inc. Receives Chinese SFDA Approval for Simvastatin Tablets
Date:7/31/2008

itals, which is the major sales channel for drugs in China. Tianyin will start producing Simvastatin Tablets in early August, while selling it through our strategic distributor partners throughout China.

"We are very pleased to receive approval of Simvastatin from the Chinese SFDA, a very important step and positive progress for our business which further diversifies and complements our product portfolio," Dr. Jiang, Chairman and CEO of Tianyin Pharmaceutical Co., Inc., commented. "This favorable decision by the SFDA provides further evidence of our ability to get drugs through the approval process and to market. We are optimistic that the additional drugs that are currently in our development pipeline for SFDA approval will be able to move through this process toward commercialization."

"We are well positioned to take advantage of this new growth opportunity. This approval will enable us to immediately leverage our production capacity and distribution network to facilitate commercialization of this new drug. We expect to begin production of record revenues of Simvastatin Tablets by August 2008 and currently maintain the capacity to produce approximately $2 million of this product annually. The margin profile is anticipated to be slightly better than our current product mix. We will be announcing our June 30, 2008 year end earnings date in the near term but we would like to reiterate that the company expects to exceed its FY2008 make good of $5.6 million in net income or fully diluted EPS of $0.16 per share," concluded Dr. Jiang.

About Tianyin Pharmaceuticals

Tianyin is a manufacturer and supplier of modernized Traditional Chinese Medicine ("TCM") in China. It was established in 1994 and acquired by the current management team in August 2003. It has a comprehensive product portfolio of 34 modernized TCMs in the market, 22 of which are listed in the highly selective National Medicine Catalog of the National Medical Insurance Program. Tiany
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SOURCE Tianyin Pharmaceutical, Co., Inc.
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