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China Sky One Medical, Inc. Changes Management Team
HARBIN, China, June 13 /Xinhua-PRNewswire-FirstCall/ -- China Sky One
Medical, Inc. (AMEX: CSY; "China Sky" or "the Company"), a manufacturer,
marketer and distributor of pharmaceutical, medicinal and diagnostic kit
products in China, announced today that Mr. Xiaoqing Liao has resigned as a
Director, CFO and Board Secretary of China Sky One Medical, Inc. for
personal reasons. The resignation was effective June 10, 2008.
Mr. Liao joined the Company in March 2008, and had served in various
capacities before being appointed to the role of CFO on May 7, 2008. Mr.
Yukun Zhang, Financial Manager, will serve as interim CFO, and Ms. Yanwei
Zhang, secretary to Mr. Yan-qing Liu, will serve as interim Board Secretary
until a successor for Mr. Liao is named.
"Mr. Liao has been a valuable member of our team and we appreciate his
strong contribution and all he has accomplished, especially his efforts in
ensuring the Company's successful migration to the American Stock
Exchange," said Mr. Yan-qing Liu, Chairman, CEO and President of China Sky
One Medical, Inc. "Given our strong growth, we plan to explore our options
as we conduct a thorough search for a replacement for Mr. Liao who will
meet our rigorous criteria."
About China Sky One Medical, Inc.
China Sky One Medical, Inc., a Nevada corporation, is engaged in the
manufacturing, marketing and distribution of pharmaceutical, medicinal and
diagnostic kit products. Through its wholly-owned subsidiaries, Harbin Tian
Di Ren Medical Science and Technology Company ("TDR") and Harbin First Bio-
Engineering Company Limited ("First"), the Company manufactures and
distributes over-the-counter pharmaceutical products as its primary revenue
source. For more information, visit http://www.skyonemedical.com .
Safe Harbor Statement
Certain statements made in this press release constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. 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. Such statements typically
involve risks and uncertainties and may include financial projections or
information regarding our future plans, objectives or performance. The
Company cannot provide any assurance that its application to list on the
American Stock Exchange will be approved or that the liquidity and
marketability of its shares will improve. Actual results could differ
materially from the expectations reflected in such forward-looking
statements as a result of a variety of factors, including the inability of
the company to meet the listing standards, risks associated with the effect
of changing economic conditions in The People's Republic of China,
variations in cash flow, reliance on collaborative retail partners and on
new product development, variations in new product development, risks
associated with rapid technological change, and the potential of introduced
or undetected flaws and defects in products, and other risk factors
detailed in reports filed with the Securities and Exchange Commission from
time to time.
For more information, please contact:
China Sky One Medical, Inc.
Mr. Yan-qing Liu
Chairman, CEO & President
Phone: +86-451-5399-4069
Email: cntiandiren@yahoo.com.cn
CCG Elite Investor Relations Inc.
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Website: http://www.ccgelite.com
SOURCE China Sky One Medical, Inc.
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