LevelStock.com: China Pediatric Pharmaceuticals reports 86% rise in net income for Q1 2010

May 21^st 2010, (CRWE NEWS WIRE) Braintree,Ma. LevelStock.com is pleased to announce to all of its members and investors information on China Pediatric Pharmaceuticals Inc (OTCBB:CPDU).  The Company recently released news as follows:

China Pediatric Pharmaceuticals Inc (OTCBB:CPDU), a manufacturer and distributor of prescription and over-the-counter pharmaceutical products, including conventional and Traditional Chinese Medicines (TCMs), reported on Thursday record net income of almost USD 1.5m for the first quarter of 2010.

This is an increase of 86% compared with the same period in 2009.

The company’s total net sales grew 87% to USD 6.7m from the first quarter of 2009. This mainly resulted from an increase of 106% in sales of “Cooer” Series in 2010 following intensive promotion of the product series.

Chairman and CEO Jun Xia said that the company’s product lines are becoming increasingly visible in pharmacies throughout China.

Safe Harbor Provision

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained herein, including, without limitation, statements regarding the company’s future financial position, business strategy, budgets, projected revenues and costs, and plans and objectives of management for future operations, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expects,” “intends,” “plans,” “projects,” “estimates,” “anticipates,” or “believes” or the negative thereof or any variation thereon or similar terminology or expressions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the company’s expectations include, but are not limited to, those factors set forth in the company’s Annual Report on Form 10-K for the year ended December 31, 2009 and its other filings and submissions with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the company assumes no obligation to update or revise any of the information contained in this press release.

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