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Chembio Reports 3rd Quarter 2011 Results
Date:11/3/2011

ments regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only. They reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Chembio's ability to obtain additional financing and to obtain regulatory approvals in a timely manner, as well as the demand for Chembio's products. Chembio undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Chembio's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Chembio's success are more fully disclosed in Chembio's most recent public filings with the U.S. Securities and Exchange Commission.

Contacts:
Company Contact:
Susan Norcott 631-924-1135 x125 or
snorcott@chembio.com

Investor & Public Relations
The Investor Relations Group
212-825-3210
Adam S. Holdsworth
aholdsworth@investorrelationsgroup.com

(Tables to follow)Chembio Diagnostics, Inc.Summary of Results of Operations(Unaudited)For the three months endedFor the nine months endedSeptember 30, 2011September 30, 2010September 30, 2011September 30, 2010 Net product sales $
5,526,883$
3,786,572$
,516,325$
8,337,133 License and royalty revenue 25,00061,789125,322400,758 R&D, milestone and grant revenue 369,904656,6421,529,9722,299,970 TOTAL REVENUES $
5,921,787$
4,505,003$
3,171,619$
,037,861 GROSS MARGIN $
2,670,733$

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SOURCE Chembio Diagnostics, Inc.
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