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Dehaier Medical Announces First Quarter 2011 Financial Results
Date:5/4/2011

ith diluted EPS of $0.17, based on 3.0 million shares outstanding for the first quarter of 2010. The increase in share count was due to the completion of the Company's initial public offering in April 2010.

Liquidity and Capital ResourcesAs of March 31, 2011, Dehaier had $3.37 million in cash and cash equivalents, compared with $5.92 million as of December 31, 2010. The decrease was primarily due to an increase in prepayments. Current assets totaled $33.90 million, with working capital of $23.15 million and total shareholders' equity of $26.26 million at March 31, 2011, respectively.

Conference Call and WebcastManagement will host a conference call to discuss these financial results on Wednesday, May 4, 2011 at 8:00 a.m. EDT.

To participate in the call please dial (877) 941-1429, or (480) 629-9666 for international calls, approximately 10 minutes prior to the scheduled start time. Interested parties can also listen via a live Internet webcast, which can be found via the Company's website at http://www.chinadhr.com.

A replay of the call will be available approximately 2 hours after the conclusion of the live call, through May 18, 2011. The replay can be accessed by dialing 800-406-7325 in the U.S. and Canada, or 303-590-3030 internationally and entering the passcode: 4437089. In addition, a recording of the call will be available via the company's website at http://www.chinadhr.com for one year.

About Dehaier Medical Systems Ltd.Dehaier Medical Systems is an emerging leader in the development, assembly, marketing and sale of medical products in China, including respiratory and oxygen homecare medical products. The company develops and assembles its own branded medical devices and homecare medical products from third-party components. The company also distributes products designed and manufactured by other companies, including medical devi
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SOURCE Dehaier Medical Systems Ltd.
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