Yutudao Marine Biotechnology Inc. (fka XCAN)

[PNKBULLSHT]

Sales 9 mos ended 2010
'10 $175,617,000 compared to '09 $127,905,000

Net Income for same period
$18,834,000 compared to '09 $12,541,000

As of December 31, 2010, we had cash and cash equivalents of $2.8 million, other current assets of $57.8 million and current liabilities of $22.6 million

We presently finance our operations primarily from the cash flow from our operations and short-term bank loans, and we anticipate that this will continue to be our primary source of funds to finance our short-term cash needs. If we require additional capital to expand or enhance our existing facilities, we may consider debt or equity offerings or institutional borrowing as potential means of financing.

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