AMDL, Inc. Issues Correction to January 30, 2009 Press Release Announcing Closing of Private Placement of Senior Notes
02 Febrero 2009 - 4:55PM
PR Newswire (US)
TUSTIN, Calif., Feb. 2 /PRNewswire-FirstCall/ --
(http://www.amdl.com/) AMDL, Inc. (NYSE Alternext US: ADL), a
U.S.-based pharmaceutical company with major operations in China,
announced today a correction to the press release dated January 30,
2009 announcing the closing of a private placement of senior notes.
The press release erroneously indicated that 12% notes were
convertible; however, the notes are unsecured senior notes and are
not convertible into shares of common stock. An updated copy of the
press release with the correction is available on the AMDL
corporate website located at http://www.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
bio-pharmaceutical company devoted to the research, development,
manufacturing, and marketing of diagnostic, pharmaceutical,
nutritional supplement, and cosmetic products. The Company employs
approximately 500 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 our China-based subsidiaries, 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. The Company cautions
readers not to place undue reliance on any forward-looking
statements. The Company does not undertake, and specifically
disclaims any obligation, to update or revise such statements to
reflect new circumstances or unanticipated events as they occur.
AMDL Contact: Kristine Szarkowitz Director-Investor Relations (Tel
:) 206. 310.5323 DATASOURCE: AMDL, Inc. CONTACT: Kristine
Szarkowitz, Director-Investor Relations of AMDL, Inc.,
+1-206-310-5323, Web Site: http://www.amdl.com/
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