TUSTIN, Calif., Jan. 6 /PRNewswire-FirstCall/ -- AMDL, Inc. (Amex: ADL), a
vertically integrated pharmaceutical company with operations in China and the
US, announced today industry analyst Lauren Rudd has issued a strong buy
recommendation for AMDL in his year-end financial research report on the
Company.
The report projects a 12-month target price of $5.00 for AMDL and
highlights the Company's:
-- Consistent, positive historical financial performance over the past
four years
-- Most recent operational changes and business updates, including an
updated overview of AMDL's China-based subsidiary Jade Pharmaceuticals,
Inc.
-- FY2009 product pipeline
-- FY2009 plans for the AMDL ELISA DR-70(R) (FDP) cancer monitoring test;
best-selling Human Placenta Extract (HPE) anti-aging product line; and
MYHPV Chip(R) diagnostic test kit which detects approximately 28
different strains of the Human Papilloma Virus.
The research report also provides a thorough peer group comparison with
valuation analyses, views and opinions on AMDL's projected financial
performance for the 2009 fiscal year, and historical financials.
According to Mr. Rudd, 'AMDL has taken major initiatives to build its
strengths while reorganizing top management and still producing respectable
financials which has resulted in AMDL being one of the most under priced
stocks we have seen in a long time.'
A full copy of the report is available for downloading online at
http://www.ruddreport.com or by contacting Ms. Kristine Szarkowitz, AMDL's
Director Investor Relations, at kszarkowitz@amdl.com.
About AMDL:
Headquartered in Tustin, CA with operations in Shenzhen, Jiangxi, and
Jilin, China, AMDL, Inc., along with its subsidiary Jade Pharmaceutical Inc.
(JPI), is a vertically integrated pharmaceutical company devoted to the
research, development, manufacturing, and marketing of diagnostic,
pharmaceutical, nutritional supplement, and cosmetic products. The company
employs over 490 people in the U.S. and China.
Forward Looking Statements:
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: The statements contained in this document include certain predictions
and projections that may be considered forward-looking statements under
securities law. These statements involve a number of important risks and
uncertainties that could cause actual results to differ materially including,
but not limited to, the performance of joint venture partners, as well as
other economic, competitive and technological factors involving the Company's
operations, markets, services, products, and prices. With respect to AMDL
Inc., except for the historical information contained herein, the matters
discussed in this document are forward-looking statements involving risks and
uncertainties that could cause actual results to differ materially from those
in such forward-looking statements.
AMDL Contact:
Kristine Szarkowitz
Director-Investor Relations
kszarkowitz@amdl.com
(Tel :) 206.310.5323
SOURCE AMDL, Inc.