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American Oriental Bioengineering Reports Third Quarter 2009 Financial Results
Date:11/16/2009

Income before income tax (838,190) (466,954) Income tax (91,916) (1,042,151) Net income attributable to common shareholders (746,274) 575,197 Net income per common share attributable to common shareholders - basic -- 0.01 Net income per common share attributable to common shareholders - diluted $-- $0.01

The cumulative effects of the restatement on selected balance sheet line items as of December 31, 2008 and 2007 are as follows:


    Increase/(Decrease) in balance sheet
     line items                                     2008              2007

    Goodwill                                    $4,620,895        $4,620,895
    Deferred tax assets                                 --            15,297
    Deferred tax liability - current              (667,095)         (109,733)
    Deferred tax liability - non current         1,551,743         4,050,444
    Accumulated other comprehensive
     income                                      2,602,180          (346,670)
    Retained earnings                             (171,077)          575,197
    Additional paid-in capital                   1,305,144           466,954

Conference Call

The Company will hold a conference call at 8:00 am ET on Tuesday, November 17, 2009 to discuss third quarter 2009 results. Listeners may access the call by dialing 1-866-770-7051 or 1-617-213-8064 for international callers, access code: 89648638. A webcast will also be available through AOB's website at http://www.bioaobo.com .

A replay of the call will be available through November 24, 2009. Listeners may access the replay by dialing 1-888-286-8010 or
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SOURCE American Oriental Bioengineering, Inc.
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