China Medicine Announces Conference Call to Discuss Second Quarter 2008 Results

Friday, August 8, 2008 General News
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GUANGZHOU, China, Aug. 8 China Medicine Corporation(OTC Bulletin Board: CHME) ("China Medicine" or "the Company"), a leadingdeveloper and distributor of prescription and over the counter pharmaceuticals,traditional Chinese medicines (TCM), nutritional and dietary supplements, andmedical devices and medical formulations, today announced that it will conducta conference call at 10:00 a.m. Eastern Time on Wednesday, August 13, 2008 todiscuss its second quarter 2008 results.

Joining Mr. Shensan Yang, Chairman and Chief Executive Officer of ChinaMedicine Corporation, will be Ms. Huizhen Yu, Chief Financial Officer. TheCompany plans to make an earnings announcement prior to the call.

To participate in the live conference call, please dial the followingnumber five to ten minutes prior to the scheduled conference call time:888-482-0024. International callers should dial 617-801-9702, ConferencePasscode: 38093968.

If you are unable to participate in the call at this time, a replay willbe available for 14 days starting on August 13, at 12:00 p.m. Eastern Time.To access the replay, dial 888-286-8010, international callers dial617-801-6888, and enter the passcode of 73037488

About China Medicine Corporation

China Medicine Corporation is a leading pharmaceutical company whichdiscovers, develops, and distributes over 2,200 pharmaceutical products inChina including prescription and over the counter ("OTC") drugs, traditionalChinese medicine ("TCM") products, herbs and dietary supplements. The Companydistributes the products to wholesale distributors in 28 provinces, over 300hospitals, 500 medicine companies, and 1,788 drug stores throughout China.The Company actively develops a number of proprietary products for many usesincluding oncology, high blood pressure and the removal of toxins from foodand animal feeds. For more information visit the Company's website at .

Cautionary Statement

This press release contains forward-looking statements concerning theCompany's business, products and financial results. The Company's actualresults may differ materially from those anticipated in the forward-lookingstatements depending on a number of risk factors including, but not limited to,the following: general economic and business conditions, development, shipment,market acceptance, additional competition from existing and new competitors,changes in technology, and various other factors beyond the Company's control.All forward-looking statements are expressly qualified in their entirety bythis Cautionary Statement and the risk factors detailed in the Company'sreports filed with the Securities and Exchange Commission. China MedicineCorporation undertakes no duty to revise or update any forward-lookingstatements to reflect events or circumstances after the date of this release.For more information, please contact: Company Contact: Ms. Huizhen Yu Chief Financial Officer China Medicine Corporation Tel: +1-732-438-8866 Email: Investor Relations Contact: Mr. Crocker Coulson President CCG Investor Relations Tel: +1-646-213-1915 (NY Office) Email:

SOURCE China Medicine Corporation

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