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China Kangtai Cactus Biotech Announces Record Third Quarter Results
Monday November 17, 8:30 am ET
Revenue Increases 56% Driving Record Profitability


HARBIN, China, Nov. 17 /Xinhua-PRNewswire-FirstCall/ -- China Kangtai Cactus Biotech Inc. (the "Company") (OTC Bulletin Board: CKGT - News), a vertically integrated grower, developer, manufacturer and marketer of a variety of cactus-based consumer products in China, announced today record third quarter results for the period ended September 30, 2008. The Company reported revenue of $6.2 million, a 56% increase compared to $3.9 million in the 2007 third quarter. The increase in revenue was a result of growing acceptance of the Company's products such as Cactus Protein Nutrient, Cactus Calcium Peptide Soft Capsule and Cactus Shuxin Capsule by Chinese customers and expanded distribution. In addition, the Company successfully launched two new products, cactus fish feed and cattle feed, in July 2008, which also contributed the increase in sales.

Gross profit for the three months period ended September 30, 2008 was $2.5 million, an increase of 78.2% compared to $1.4 million for the same period last year. This increase was mainly attributable to the increase in net sales. For the three months ended September 30, 2008, pre-tax income increased by 141.6%, to $2.2 million from $0.9 million in the corresponding period of the prior year. Net income available to common stockholders increased to $1.8 million, or $0.08 per diluted share, compared to $0.8 million, or $0.04 per diluted share in the previous year's third quarter.

For the nine months ended September 30, 2008, revenue increased 39% to $14 million, compared to $10 million in the corresponding period of the prior year. Pre-tax income increased 57.7% to $4.1 million for the 2008 first nine months, compared to $2.6 million in the nine months ended September 30, 2007. Net income increased to $3.4 million, compared to $2.2 million in the corresponding period ended September 30, 2007.

"Our third quarter results reflect the growing acceptance of our existing cactus products and a successful marketing of the newly launched cactus feed products," said Jinjiang Wang, President of China Kangtai Cactus. "We are pleased to report a strong quarter of revenue and profit growth and are on plan to report significant revenue increases in 2008."

About China Kangtai Cactus Biotech, Inc.

China Kangtai Cactus Biotech Inc. is market-leading cactus grower and producer of cactus-related products with over 387 acres of plants and an active R&D group that holds 18 product patents and is seeking another 12 in a variety of product categories. China Kangtai's high-quality products are sold throughout China in supermarkets, food stores, hotels and restaurants through a growing distribution network that has currently covered 12 provinces and 2 municipalities.

Cautionary Statement Regarding Forward-looking Information

This press release contains forward-looking information about China Kangtai Cactus Biotech that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. 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, and include discussions of strategy, and statements about industry trends and China Kangtai Cactus Biotech future performance, operations and products.


For more information, please contact:

Chengzhi Wang
General Manager
China Kangtai Cactus Biotech, Inc.
Tel: [phone]
Email: [e-mail]
Web: http://www.biocactus.com




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Source: China Kangtai Cactus Biotech Inc.