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Biostar Pharmaceuticals, Inc. Announces Record Third Quarter 2009 Financial Results

tain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, our ability to successfully complete and integrate potential acquisitions, withdrawal of governmental fiscal incentives, political instability and regional conflicts and legal restrictions on raising capital or acquiring companies outside China. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our S-1 dated June 27, 2008, our Quarterly Report on Form 10-Q for the quarter ended September 30, 2009, our 10-K for the year ended December 31, 2008, and other recent filings. These filings are available at . We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statements that may be made from time to time by or on our behalf.

                          BIOSTAR PHARMACEUTICALS, INC.
                           CONSOLIDATED BALANCE SHEETS

                                              September 30,     December 31,
                                                   2009             2008
    Current Assets
    Cash and cash equivalents                    $2,448,667         $758,316
    Accounts receivable                          17,851,863       11,700,841
    Inventories                                     706,624          315,745
    Prepaid expenses and other receivables        5,617,468        2,926,505
    Total Current Assets                         26,624,622       15,701,407

    Property and equipment, net                   3,301,541        5,930,467

    Intangible assets, net  
SOURCE Biostar Pharmaceuticals, Inc.
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