TSX Venture: ABC

TORONTO, Aug. 12 /CNW/ - Asia Bio-Chem Group Corp. (TSXV: ABC) today announced that it will release its second quarter results on August 22nd , 2008 at approximately 4pm eastern standard time. The Company will also hold a conference call to discuss its second quarter 2008 financial results. Mr. Zhiping Wang, President and C.E.O, Mr. Robert Wilson, Executive Vice President, and Ms. Elaine Zhao, Chief Financial Officer, will host the call.

Date:                    Monday, August 25, 2008
Time:                    11:00 a.m., Eastern Time
Dial in number:          1-800-733-7571 or 416-644-3416
Taped Replay:            416-640-1917 (available until September 8th,
                         2008)
Taped Replay Pass Code:  21280524 followed by the number sign

About Asia Bio-Chem Group

Asia Bio-Chem Group, through its wholly-owned subsidiary in the Peoples Republic of China ("PRC") is in the business of manufacturing cornstarch and related products. From its plant in Liaoning Province, the Company produces approximately 270,000 tonnes of cornstarch, corn germ, gluten and fiber per year for sale into the domestic market in the PRC. The Company's business plan involves the expansion of production capacity either by way of acquisition or construction of new capacity.

THE TSX NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS NEWS

RELEASE.

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