American Dairy Reiterates 2005 Financial Guidance; Provides 2006 Financial Expectations.BEIJING -- American Dairy, Inc. (PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :ADY), one of the leading producers and distributors of milk powder and soybean soybean, soya bean, or soy pea, leguminous plant (Glycine max, G. soja, or Soja max) of the family Leguminosae (pulse family), native to tropical and warm temperate regions of Asia, where it has been products in China, today reiterated existing guidance for 2005 and provided financial expectations for 2006. For 2005, the Company expects revenue to be $65-$70 million and expects net income to be $11.0-$12.0 million or $0.70-$0.76 per diluted share. For 2006, the Company expects revenue to increase to $120 million, and expects net income to increase to $20 million. Management will provide investors with additional information regarding 2005 financial performance and 2006 financial expectations upon reporting fourth quarter financial results. Please note that Management will attend the Eighth Annual ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. XChange Investor Conference in Naples, Florida, on January 13, 2006. Leng You Bin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and Liu Hua, CFO See Chief Financial Officer. , will present to investors at 12:10 p.m. ET. Listeners may access a live webcast of the presentation by visiting the investor relations Investor relations The process by which the corporation communicates with its investors. portion of the Company's website at www.americandairyinc.com or by visiting the ICR XChange webcast link at http://www.icr-online.com/conference/X8/webcast.html. About American Dairy, Inc. American Dairy, Inc. conducts operations in The People's Republic of China ("China") through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Feihe Dairy. Founded in 1962, Feihe Dairy is one of the leading producers and distributors of milk powder and soybean products in China. Feihe Dairy is located in Kedong County, China, and has been in operation since 2001. American Dairy also has a milk powder processing plant, BaiQuan Feihe Dairy in Kedong County, and also has a milk powder processing plant in the city of QiQiHaEr, Heilongjiang Province. Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors, including the 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 and service development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products and services, and other risk factors detailed in forms filed with the Securities and Exchange Commission from time to time. |
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