ACL Semiconductors Sales Up 45 Percent in 2009 to $304.7 Million

HONG KONG, April 23 /PRNewswire-FirstCall/ -- ACL Semiconductors, Inc. (OTC Bulletin Board: ACLO), one of Asia's largest distributors of memory chip products, today announced that net sales for fiscal year 2009 increased 45 percent to $304.7 million compared to net sales of $209.6 million (restated) in fiscal year 2008. Sales in the fourth quarter ended December 31, 2009 increased 57 percent to $90 million.

Net income in fiscal year 2009 totaled $2.9 million compared to a loss of $(172,872) in fiscal year 2008.  Income before income taxes totaled $3.6 million in 2009 compared to a loss the previous year.

Gross profit increased to $8.5 million in 2009, a 104 percent improvement compared to $4.2 million in 2008.

The Company, which is one of the largest distributors of Samsung memory products for Hong Kong and Southern China, said increased sales was due to increasing demand, limited supplies, and higher selling prices.  It said its improved financial performance also occurred because of a decrease in bank interest expense due to a reduction in external financing.

The complete filing is available at www.sec.gov.

ACL Semiconductors distributes electronic components under the "Samsung" brand name to the Hong Kong and South China markets.  The memory chips are used from everything from a mobile phone, digital camera and laptop computer to an MP3 player or Wi-Fi product.

Safe Harbor:  This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and  similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the company's products, general acceptance of the company's products and technologies, competitive factors, timing, and other risks described in the company's SEC reports and filings.

SOURCE ACL Semiconductors, Inc.

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