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CHINA NORTH EAST PET (GREY:CNEP)

Thursday, May 22, 2008

December 2007 Year End Financial Notes:

* Revenue Increased 266% to $19.5 M Compared to $5.3 M

* Net Income Increased 439% to $5.1 M Compared to $952 T

* Pre-Tax profit Margin was 46%

* EPS was $0.21 compared to $0.03

* Return On Equity was 273%

* Fully Taxed

* Fully Diluted Outstanding shares were reduced 17% to 24 million

March 2008 First Quarter Notes:

* Revenue Increases 476% to $10.8 M

*Net Income Increases 1,052% to $3.3 M

* Pre-Tax Profit Margin was 48.1%

* EPS was $0.17 compared to $0.01

* Annualized Return On Equity: 43%

* Fully Taxed

* Fully Diluted Outstanding shares were reduced 30% to 20.4 M.

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