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AOB: American Oriental Bioengineering, Inc. Announces Preliminary Results for Third Quarter 2006
Business Wire - October 23, 2006 09:24
A -- Company Expects to Report Revenue of Approximately $27 million for Third Quarter and EPS of at least $0.11; Representing 102% and 38% Increase from Last Year A -- Earnings Conference Call Scheduled for November 14, 2006 at 4:45 PM EST to Discuss Final Results


NEW YORK, Oct 23, 2006 (BUSINESS WIRE) -- American Oriental Bioengineering, Inc. (AMEX: AOB), a leading manufacturer and distributor of plant-based pharmaceutical and nutraceutical products in China, today announced preliminary results for the third quarter 2006 and the date for the Company's third quarter conference call to discuss final results.

The Company expects to report revenue of approximately $27 million for the third quarter 2006, which would represent a 102 percent increase from the third quarter of last year based on continued strength across all major product lines. AOB expects to report earnings per share of at least $0.11 for the third quarter 2006, which would represent 38 percent increase from last year.

Management will conduct a conference call on November 14, 2006 to announce final third quarter 2006 results. During that time management will provide further financial details in regards to the third quarter.

The conference call will take place at 4:45 p.m. ET. Interested participants should call 888-243-1152 when calling within the United States or 973-582-2868 when calling internationally. There will be a playback available until Nov 21, 2006. To listen to the playback, please call 877-519-4471 when calling within the United States or 973-341-3080 when calling internationally. Please use pass code 8024117 for the replay.

This call is being webcast by ViaVid Broadcasting and can be accessed at American Oriental Bioengineering's Web site at http://www.bioaobo.com. The webcast may also be accessed at ViaVid's Web site at www.viavid.net. The webcast can be accessed until December 14, 2006 on either site.