26% Increase for HFGB

Revenue for the quarter that ended Sept. 30, 2009 was $4,465,770,  which showed an increase of $931,147, or 26%, from $3,534,623 for the same quarter in 2008. Net income amounted to 1,002,005, or $0.05 per share for the quarter, compared with $768,206, or $0.04 in the same period last year.

"The increase in revenues for the quarter was due to an increase in the company's sales of pharmaceutical raw-material and Plant Extractive, and other products, including Rutin, Quercetin, injectable Troxerutin and Diosmin," said the company's CEO Jing'An Wang. "The increase in revenue reflected both a gain in new customers, as well as an increase in the number of orders from our existing customers."

HFGB showed Revenues for the nine months ending September 30, 2009 being $8,883,190, a slight decrease of $2,875, or under 1%, from $8,886,065 for the same period in 2008. Net income for the first nine months of 2009 totaled $1,412,562, or $0.07 per share, compared with $1,466,279, or $0.07 in the first nine months of 2008.

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About Huifeng Bio-Pharmaceutical Technology, Inc. (HFGB)

Huifeng Bio-Pharmaceutical Technology, Inc., located in Xi'an, People's Republic of China, develops and produces plant extracts and pharmaceutical raw materials for use in pharmaceutical, nutraceutical and food production. It is the leading Chinese producer of rutin and related plant-derived chemicals in a class called flavonoids, with medicinal and other beneficial properties in Xi'an China. Founded in 2002, Huifeng uses proprietary patented processes to extract rutin more efficiently than traditional extraction techniques. The Company is diversifying its product lines through internal development, acquisition and cooperation with scientific research organizations.

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