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Jiangbo Pharmaceuticals Reports Results for the Second Quarter of its Fiscal Year 2010
Date:2/22/2010

2008 Net Income $5,328,141 $5,399,186 $7,479,816 $8,532,670 Loss (gain) in fair value of derivative liabilities $(6,687,085) $-- $(1,865,992) $-- Amortization of debt discount and debt issuance costs related to convertible debentures $5,751,934 $1,153,759 $8,020,587 $1,986,386 Adjusted Net Income $4,392,990 $6,552,945 $13,634,411 $10,519,056 Basic Weighted Average Number of Shares 10,983,405 9,771,883 10,744,648 9,770,615 Diluted Weighted Average Number of Shares** 15,065,301 14,148,318 14,829,605 14,173,463 Adjusted Diluted Earnings per Share $0.29 $0.46 $0.92 $0.74 ** Including outstanding options and warrants using treasury method of calculation plus the number of shares if converted from the convertible debt For more information, please contact: Jiangbo Pharmaceuticals, Inc. Ms. Elsa Sung, CFO Phone: +1-954-903-9378 x2 Email: elsasung@jiangbo.com Web: http://www.jiangbopharma.com CCG Investor Relations Ms. Lei Huang, Account Manager Phone: +1-646-833-3417 Email: lei.huang@ccgir.com Web: '/>"/>
SOURCE Jiangbo Pharmaceuticals, Inc.
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