HARBIN, China, Aug. 14 /Xinhua-PRNewswire-FirstCall/ -- China Sky One
Medical, Inc. (''China Sky One Medical'' or ''the Company'') (Amex: CSY), a
leading fully integrated pharmaceutical company producing external use,
over-the-counter drugs in the People's Republic of China ('PRC'), today
announced that it successfully developed a nasal spray for the treatment and
prevention of rheumatic disease.
Heilongjiang Tianlong Pharmaceutical, Inc. (''Tianlong''), a wholly-owned
subsidiary of China Sky One Medical, Inc., recently completed research and
development for the spray, which includes the active ingredients Naphazoline
Hydrochloride Chlorpheniramine Maleate and Benzalkonium Bromide. Rheumatic
diseases are shown in common sympathies and characterized by joint
inflammation. There are currently only five other manufacturers of the spray
in China and China Sky One has obtained the necessary approvals for production.
''We are very excited about the development of this spray, which serves a
huge market in China,'' said Mr. Yan-Qing Liu, Chairman, CEO and President of
China Sky One Medical, Inc. ''We expect to launch the spray in the fourth
quarter of 2008, and estimate that sales will add $500,000 to revenue in the
fourth quarter.''
About China Sky One Medical, Inc.
China Sky One Medical, Inc., a Nevada corporation, is a holding company.
The Company engages in the manufacturing, marketing and distribution of
pharmaceutical, medicinal and diagnostic products. Through its wholly-owned
subsidiaries, Harbin Tian Di Ren Medical Science and Technology Company
(''TDR'') and Harbin First Bio- Engineering Company Limited ('First'), the
Company manufactures and distributes over-the-counter pharmaceutical products,
which make up its major revenue source. For more information, visit
http://www.skyonemedical.com .
Safe Harbor Statement
Certain of the statements made in the press release constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements can be identified by the use
of forward- looking terminology such as 'believe,' 'expect,' 'may,' 'will,'
'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative
thereof or comparable terminology. Such statements typically involve risks and
uncertainties and may include financial projections or information regarding
our future plans, objectives or performance. Actual results could differ
materially from the expectations reflected in such forward-looking statements
as a result of a variety of factors, including the risks associated with the
effect of changing economic conditions in The People's Republic of China,
variations in cash flow, reliance on collaborative retail partners and on new
product development, variations in new product development, risks associated
with rapid technological change, and the potential of introduced or undetected
flaws and defects in products, and other risk factors detailed in reports
filed with the Securities and Exchange Commission from time to time.
For more information, please contact:
Company Contact:
China Sky One Medical, Inc.
Mr. Yu-Bo Hao, Board Secretary
Tel: +86-451-5399-4069
Email: china_sky_one@yahoo.cn
Investor Relations Contact:
CCG Investor Relations
Mr. Crocker Coulson, President
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Mr. Richard Micchelli
Financial Writer
Tel: +1-646-454-4516
Email: richard.micchelli@ccgir.com
Web: http://www.ccgir.com
SOURCE China Sky One Medical, Inc.