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TMCNet: We Are The Real Deal!! Check Us Out!! WZE,FUEL,GTWO,HDUP,OPTL,SGTI

[February 17, 2010]

We Are The Real Deal!! Check Us Out!! WZE,FUEL,GTWO,HDUP,OPTL,SGTI

(M2 PressWIRE Via Acquire Media NewsEdge) Stock Hunter PRESENTS : (NYSE: WZE) Wizzard Software Corp., (NASDAQ: FUEL) SMF Energy Corp., (OTCBB: GTWO) GEN2Media Corp., (PINKSHEETS: HDUP) HeadsUp Entertainment International, Inc., (PINKSHEETS: OPTL) Optimum Interactive USA Ltd., (OTCBB: SGTI) Shengtai Pharmaceutical, Inc.


www.Stockhunter.us To sign up for our free Profiles & Alerts :: visit http://www.StockHunter.us email us!! info@StockHunter.us ------------------------------------------------------------------------------------------------------------------------------------------------------------ (NYSE: WZE - Wizzard Software Corp.) LATEST NEWS!! Wizzard Media to Launch Vatican Observatory iPhone App PITTSBURGH, Feb 17, 2010 -- Wizzard Media (NYSE Amex: WZE), the world's largest podcasting network, has entered into an agreement to launch the Vatican Observatory iPhone App aimed at the 1.5 billion Catholics worldwide, representing 17% of the world's population, and all others seeking iPhone access to daily inspirational and devotional messages from this Vatican-chartered institution. The announcement was made today by Wizzard Media President Laurie Sims and Robert Thorne, CEO of The Robert Thorne Company, which manages the global licensing, touring and media program for the Vatican Observatory Foundation, in partnership with Gruppo Santony.

Introduction of the Vatican Observatory iPhone App follows on Pope Benedict XVI's recent encouragement of all parts of the Vatican to reach people worldwide through new technology. The Vatican Observatory iPhone App will come loaded with daily and weekly audio and video inspirational and devotional content with bonus transcripts, scripture references and insightful commentary. Content will also address the nexus of faith and knowledge at the heart of the Vatican Observatory's mission, including imagery from the Vatican Observatory and other principal sites of the Vatican, delivered on camera by prominent devotional television personality and best-selling author Father Michael Manning, an ordained and papally recognized Catholic priest.

Proceeds from the iPhone App will support the Vatican Observatory Foundation's humanitarian work in scientific education, research and discovery. A companion web series will feature highlights of the iPhone App content and select reruns of iPhone App episodes, as well as a behind-the-scenes look at production of the iPhone App's content and periodic on-site production in Rome.

About the Vatican Observatory Foundation The Vatican Observatory is one of the oldest institutions in the world, founded by the Vatican under Pope Gregory XIII in 1582 to fund and support science and discovery, including the astronomical research and findings of Galileo and many of history's most important astronomers. Today, the Vatican Observatory Foundation continues this important work to fund scientific education, and research and discovery by the astronomers of the Vatican Observatory.

About Wizzard Media Wizzard Media provides podcast publishers with distribution and monetization services. Clients include Microsoft, National Geographic, Harvard Business Review, Usher, NPR and more than 12,000 others who use Wizzard Media products to measure their podcast audience, deliver popular audio and video entertainment and monetize their content through advertising and App sales. In 2009, the Wizzard Media Network received over 1.4 billion podcast requests from approximately 50 million people worldwide through iPods, iPhones, iTunes, Zune and many other devices and destinations. Wizzard Media is part of a publicly held, Pittsburgh-based company with thousands of shareholders and a world-class team. Visit Wizzard Media at www.wizzardsoftware.com/media and email at contact@wizzardsoftware.com ------------------------------------------------------------------------------------------------------------------------------------------------------------ (NASDAQ: FUEL - SMF Energy Corp.) LATEST NEWS!! SMF Energy Corporation Posts Profit as Financial Results Continue To Improve CONFERENCE CALL SCHEDULED FOR FEBRUARY 17, 2010 AT 4:30 P.M. ET FT. LAUDERDALE, Fla., Feb 17, 2010 -- SMF ENERGY CORPORATION, (Nasdaq: FUEL), a leading mobile fueling and energy logistics company providing efficient, just in time distribution of petroleum products and chemicals, today announced its financial results for the three and six-months ended December 31, 2009.

During the second quarter of fiscal 2010, the Company reported quarter over quarter improvements in its financial results, including quarterly operating income of $708,000 and net income of $445,000, versus $25,000 operating income and a net loss of $660,000 in the same period last year.

Richard E. Gathright, Chairman, Chief Executive Officer and President, commented: "We are pleased to report continued improvement in our financial results with a $1.1 million increase in net income in the second quarter of fiscal 2010 versus last year. While these results included a net $748,000 recovery in the current quarter of legal and professional fees from the settlement of the three year FAS litigation, there was a comparable non-recurring benefit a year ago, based on a one time cost reduction of $490,000 resulting from the elimination of certain personnel benefits reported in the same period last year. After accounting for the approximately $258,000 net impact of these two non-recurring items, we achieved an $847,000 year to year improvement in net income in this quarter versus the same period a year ago.

During the second quarter of fiscal 2010, we continued to grow our business by completing an expansion into three new markets, including Knoxville, TN, Spartanburg, SC, and North Augusta, GA, and by a further expansion of our business in existing North Carolina markets projecting to add 4 million gallons annually from this expansion. The roll-out into all of these markets took place for the most part in late December, with full run rates achieved during the third fiscal quarter.

While our new customer business is brisk, we have yet to see any recovery of the 14% reduction in demand from our historical customers that we experienced during fiscal 2009 when the national economy collapsed. However, with over 4,000 customers in virtually every industry sector spread across 11 states and 34 markets, we still expect to be at the forefront of any future economic recovery. We have very strong leverage on any such volume recovery, with an increase of as much as 60% in financial performance based on a complete restoration of the 14% reduction at similar margins." Gathright on strategy: "We are currently focused on our growth strategy, which includes not only organic growth in new and existing markets, but also growth via acquisition of other businesses. We have taken steps to position ourselves for such growth, including the stabilization of our existing business; completion of our enterprise resource management system and other infrastructure changes to facilitate rapid and efficient growth, including the integration of acquired operations. We have taken steps to maintain our NASDAQ Capital Markets listing via the October 2009 reverse stock split; and last summer's recapitalization of our debt and equity which strengthened our balance sheet and financial position, lowering total debt by $4.5 million, increasing shareholders' equity by $4.1 million and reducing our debt to equity ratio from approximately 9:1 to 2:1 over the prior year.

We believe that the current market valuation of the Company, as reflected by the prevailing stock prices on the Nasdaq Capital Market, is far less than the Company's real enterprise value and have initiated a series of investor relations campaigns to actively stimulate awareness and interest in our stock. Hopefully, through the continued exercise of telling our story and making the market aware of our bottom-line financial performance, we will drive the stock price to reasonable levels which will in turn permit us to accelerate our overall growth to the "supernormal" levels achievable via acquisitions." Highlights of Second quarter Fiscal Year 2010 vs. Second quarter Fiscal Year 2009 We are reporting a continuation of positive operating income and net income of $708,000 and $445,000, respectively, for the three months ended December 31, 2009, compared to operating income of $25,000 and a net loss of $660,000 for the same period in the prior year, improvements of $683,000, or 2,732%, and $1.1 million. In the prior fiscal year, based on our recognition of the impending economic crisis, we permanently eliminated certain personnel costs in order to better respond to the anticipated deterioration of business conditions. This action resulted in a one time reversal of previously expensed charges in the second quarter of last year that favorably impacted operating income and reduced our net loss by approximately $490,000. While there was no corresponding elimination of personnel costs this year, we did achieve another one time financial benefit from our settlement of a lawsuit, in which we recovered a substantial portion of our expended legal and professional fees, lowering our SG&A costs during the current quarter by approximately $748,000 and favorably impacted operating income and net income by the same amount.

The $445,000 net income during the three months ended December 31, 2009, included $641,000 in non-cash charges, such as depreciation and amortization of assets, debt costs, stock-based compensation, and the provision for doubtful accounts. The net income also included stated interest expense associated with servicing of our debt of $216,000, public company costs of $282,000, and the recovery thru our settlement of a lawsuit of some of our expended legal and professional fees, thereby lowering our SG&A costs during the current quarter by approximately $748,000.

In the second quarter of fiscal 2010, we achieved EBITDA of $1.3 million compared to $690,000 in the same period a year ago, an improvement of approximately $599,000, and an improvement of approximately $155,000 when compared to the $1.1 million EBITDA of the first quarter of fiscal 2010. Additionally, during the quarter we generated $660,000 in cash contribution after fixed charges, which reflects the cash that is generated by the business after deducting cash payments incurred to service debt obligations and pay for capital expenditures. Our fixed coverage ratio as of December 31, 2009 was a twelve month cumulative of 2.04 compared to the required 1.1 that we need to maintain per covenants with the bank.

The net margin in the second quarter of fiscals 2010 and 2009 was $3.6 million and $3.5 million, respectively, on 17.0 million and 16.6 million gallons sold during those periods. The increase in the net margin is the result of the increase in gallons sold of 2%. The net margins per gallon in the second quarter of fiscals 2010 and 2009 were 21.3 cents for both periods.

As a result of the Recapitalization, our interest expense was substantially lower in the second quarter of fiscal 2010 compared to the same period last year. We incurred interest expense of $261,000 this quarter compared to $680,000 in the same quarter in the prior year, a decrease of $419,000, or 62%, of which $216,000 is related to lower debt and lower costs to service our existing debt.

Highlights of First Six Months of Fiscal Year 2010 vs. First Six Months of Fiscal Year 2009 Net income was $465,000 in the six months ended December 31, 2009, as compared to a net loss of $148,000 in the same period in the prior year. The approximate $613,000 increase was partially attributable to lower selling, general and administrative expenses of $1.4 million. The net income results were favorably impacted by cost cutting and business restructuring steps that were taken beginning in late November 2008 to meet the decrease in customer demand due to the national economy, and also by lower interest expense of $872,000 as a result of the reduction in our long term-debt outstanding and lower balances in the line of credit primarily the result of the June 2009 Recapitalization and lower fuel prices. Additionally, the net income results were positively impacted by the settlement of a lawsuit whereby we recovered part of our expended legal and professional lowering our SG&A costs during the current year by approximately $587,000. The increase in net income was offset by the lower gross profit of $1.6 million resulting from the decrease in margin contribution from the emergency response services provided in the first quarter of fiscal 2009 in Louisiana and Texas for Hurricanes Gustav and Ike, from the decrease of 4% in volumes resulting from the contraction of the economy which impacted us starting in the second quarter of fiscal 2009, and the one time benefit last year from the elimination of certain personnel benefits expense.

EBITDA was $2.4 million in the six months ended December 31, 2009, as compared to EBITDA of $2.7 million in the same period of the prior year, a decrease of $257,000. The decrease in EBITDA was partially due to the lower gross profit of $1.6 million resulting from the decrease in margin contribution from the emergency response services provided in the first quarter of fiscal 2009 in Louisiana and Texas for Hurricanes Gustav and Ike and from the decrease in volumes resulting from the contraction of the economy which impacted us starting in November of 2008. The decreases were partially offset by the lower selling, general and administrative expenses of $1.4 million as a result of the cost cutting and business restructuring steps taken beginning in late November 2008 to meet the decrease in customer demand, the recovery of certain professional fees related to the settlement of a lawsuit which decreases were partially offset by the increase in personnel benefits expense due to the one time benefit last year when a benefits reserve was eliminated.

Gross profit was $7.5 million in the six months ended December 31, 2009, as compared to $9.1 million in the same period of the prior year, a decrease of $1.6 million, or 18%. The net margin per gallon for the six months ended December 31, 2009 and 2008 was 23.4 cents and 27.6 cents, respectively, a decrease of 4.2 cents. The decreases were primarily due to the emergency response services provided in Louisiana and Texas for Hurricanes Gustav and Ike during the first quarter of fiscal 2009. These decreases were partially offset by the stabilization of customer demand that we saw emerging in the third quarter of fiscal 2009 which has continued in fiscal 2010, and partially due to increases in new customer business and prospective business as companies seek to reduce their costs of operation with mobile fueling and our other services. Interest expense was $491,000 in the six months ended December 31, 2009, as compared to $1.4 million in the same period of the prior year, a decrease of $872,000, or 64%. The decrease was primarily due to lower interest expense as a result of the reduction in our long-term debt outstanding, and improved interest rate terms due to the June 2009 Recapitalization. Our interest rate terms have improved, as we replaced the high 11.5% former Secured and Unsecured debt with the term loan which is at interest rates currently around 4.75%. We also negotiated for more favorable rates on the line of credit.

CONFERENCE CALL Management will host a conference call on Wednesday, February 17, 2010, at 4:30 P.M. Eastern Time ("ET") to further discuss the results of the Company's three and six months ended December 31, 2009. Interested parties can listen to the call live on the Internet through the Company's Web site at www.mobilefueling.com or by dialing 866-788-0547 (domestic) or 857-350-1685 (international), using Pass Code 15855477. Listeners should dial in to the call at least 5-10 minutes prior to the start of the call or should go to the Web site at least 15 minutes prior to the call to download and install any necessary audio software. The Web cast is also available through Thomson's investor portals. Individual investors can listen to the call at www.earnings.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com). A telephone replay of the conference call will be available from February 17, 2010, at 7:30 P.M. ET until midnight ET on February 24, 2010, by dialing 888-286-8010 (domestic) or 617-801-6888 (international), using Pass Code 33769595. A web archive will be available for 30 days at www.mobilefueling.com.

ABOUT SMF ENERGY CORPORATION (NASDAQ: FUEL) The Company is a leading provider of petroleum product distribution services, transportation logistics and emergency response services to the trucking, manufacturing, construction, shipping, utility, energy, chemical, telecommunication and government services industries. The Company provides its services and products through 34 locations in the 11 states of Alabama, California, Florida, Georgia, Louisiana, Nevada, Mississippi, North Carolina, South Carolina, Tennessee and Texas. The broad range of services the Company offers its customers includes commercial mobile and bulk fueling; the packaging, distribution and sale of lubricants and chemicals; integrated out-sourced fuel management; transportation logistics and emergency response services. The Company's fleet of custom specialized tank wagons, tractor-trailer transports, box trucks and customized flatbed vehicles delivers diesel fuel and gasoline to customers' locations on a regularly scheduled or as needed basis, refueling vehicles and equipment, re-supplying fixed-site and temporary bulk storage tanks, and emergency power generation systems; and distributes a wide variety of specialized petroleum products, lubricants and chemicals to our customers. More information on the Company is available at www.mobilefueling.com.

------------------------------------------------------------------------------------------------------------------------------------------------------------ (OTCBB: GTWO - GEN2Media Corp.) LATEST NEWS!! Gen2Media Corporation Files Quarterly Report for the Fiscal Period Ending 12-31-2009; Results Include 102% Increase in Operating Margin ORLANDO, Fla., Feb 16, 2010 -- Gen2Media Corporation (OTC Bulletin Board: GTWO), an innovative video technology company offering an Online Video Platform, video production and online video advertising, has filed its 10-Q Quarterly Report for the fiscal period ending 12-31-2009. http://biz.yahoo.com/e/100216/gtwo.ob10-q.html Tom Moreland, CFO, Gen2Media, states, "Our operating margin has increased 102% over the prior year while our revenue indicates a decline from the same period of the prior year. We are focused more on margin now as we continue to see the business move towards highly profitable revenue in all areas of our advertising network, production, and software technology." Mark Argenti, CEO, Gen2Media Corporation, notes, "Our focus has been on securing high margin business. This Quarter shows a direct outcome of this effort. The Company is growing methodically as we successfully secure various sectors in our target markets including advertising agencies, media companies, and national brands." About Gen2Media Corporation Gen2Media Corporation is a video technology company that provides the best-in-breed Online Video Platform, video production and advertising on its Online Video Network that reaches over 10 million visitors monthly. Gen2Media has earned the trust of a growing customer base including advertising agencies, iconic artists, media companies, organizations, businesses, and national brands such as Microsoft, Coca-Cola Company, Tribune News Company, Toyota, Emmis Communications, Clear Channel, Black Eyed Peas, Mary J. Blige, Britney Spears, Justin Timberlake and more. Gen2Media's Online Video Publishing Technology enables firms to easily create, deliver and monetize video and advertising. The Company has offices in New York City and Orlando. For more information, please visit www.Gen2Media.com.

------------------------------------------------------------------------------------------------------------------------------------------------------------ (PINKSHEETS: HDUP - HeadsUp Entertainment International, Inc.) LATEST NEWS!! HeadsUp Entertainment Inc.: Profit, Party and Play on the Canadian Poker Tour and World Poker Showdown's Super Cruise CALGARY, ALBERTA, Feb 17, 2010 -- HeadsUp Entertainment International Inc. (PINKSHEETS: HDUP) is pleased to report that its poker tourism business unit is witnessing a tremendous response to the launch of its first Poker Super Cruise. This event was designed and launched between the Canadian Poker Tour (CPT), HeadsUp's main poker brand and The World Poker Showdown, a Company which has a strategic marketing alliance with the CPT and is in the due diligence phase of an impending acquisition by the Company.

The cruise takes place April 25 - May 2, 2010, departing Port Canaveral, Florida with ports of call in the Bahamas, St. Thomas and St. Maarten. Hosted aboard Royal Caribbean Cruise Lines "Freedom of the Seas" this event looks to be this year's premier poker event aboard the high seas featuring player friendly formats and structures in the daily poker tournaments designed by one of the world's foremost tournament directors, Jimmy Miller. The 7 day event will feature 10 poker tournaments with most buy in's ranging from $150 to $500 and a $2700 Deep Stack Main Event. Online satellites are currently running on 888 Poker and Spotlight Poker where players can qualify to win travel, buy in's and their cruise packages for as low as $3. All satellites guarantee a package creating excellent value for players to compete for.

This event will feature some incredible "poker life experiences" that HeadsUp and the CPT have become known for. Players will be able to mingle, meet, play and party with poker superstar Lacey Jones. Lacey was recently voted the "hottest girl in poker" and has recently signed a deal to be the new "face of the CPT" in Canada. Lacey will be in Calgary, Alberta February 25-28 at Cash Casino's Winter Freeze Out promoting the cruise and the nearly 600 CPT events across the country scheduled this year. Players will also be able to meet Canadian Poker Player magazines CPT girl of the month Amanda Hellmer who is making the trek from Red Deer, Alberta to deal both tournaments and cash games in the exclusive poker room aboard the ship. Adding to the experience, players can meet, play and party with World Poker Showdown Founder Herb Van Dyke as well as CPT President and CEO Kelly B. Kellner.

"We are very happy with the response from players around the world as we have already seen bookings from 13 countries which always makes these events amazing," stated WPS Founder Herb Van Dyke. "We have held 5 cruises to date and this looks to be the best yet, as the Canadian contingent always adds excitement to the mix!" A number of categories aboard the ship are already sold out and space is filling up quickly in all of the events. More details can be found at www.canadianpokertour.tv or www.worldpokershowdown.com as well as the exclusive travel partner for the event CI Travel (http://www.citravel.com/Leisure/poker/index.aspx). They can be contacted directly at 1-800-627-8000.

HeadsUp has worked diligently over the past 2 years to build the poker tourism business unit within the organization. With successful events in Costa Rica, the Dominican Republic and Canadian Invasion last summer in Las Vegas at the Hard Rock Hotel and Casino's Mega Stack Showdown, we are able to offer tremendous packages to our members. These events allow the Company to monetize its player base in a new way as 100% of the tournament fees and rake from cash games go directly to the bottom line. "We become the house for a week on this cruise", commented CPT President and CEO Kelly B. Kellner. "We can ensure fairness, proper structures and an infrastructure designed by players for players. I look to this division of our Company to add substantial results to our profitability in 2010." This event will also be feature innovative television coverage on the Company's online poker television network, www.canadianpokerplayer.tv which is set to launch this March. Incorporating new media delivery solutions and providing our sponsors with an all encompassing package, revenues are increasing exponentially and the substantial investments made over the past 5 years are now reaping the rewards they were designed to.

"I encourage everyone to book their package as soon as possible as this is an event not to be shut out of," stated Kellner. "Whether looking at our company as a potential investor, player or sponsor, I can assure you that the HeadsUp team is proud of our business model and the future is looking very bright." About HeadsUp Entertainment International Inc.

HeadsUp Entertainment International Inc. is a global media and entertainment company engaged in the creation of branded entertainment through the development, production and marketing of televised programming based on poker and other entertainment themes. For more information see the Company's websites www.headsupentertainment.com ------------------------------------------------------------------------------------------------------------------------------------------------------------ (PINKSHEETS: OPTL - Optimum Interactive USA Ltd.) LATEST NEWS!! Optimum Interactive Wins Contract for the Fraternity Communications Association Representing Over 50 National Organizations & Millions of Members NEWPORT BEACH, Calif., Feb 16, 2010 -- Celect.org(TM), an Optimum Interactive (USA) Ltd. Company (Pink Sheets: OPTL), a leading provider of web-based organizational network and SaaS business tools and services for collegiate fraternities, sororities and Greek organizations, announced today the completion of a new contract with the Fraternity Communications Association.

Aaron Walker, Executive Vice President of Development, stated, "We are about to launch Theta Phi Alpha with 25,000 initiated members and Alpha Kappa Lambda with 25,000 initiated members, along with the Fraternity Communication Association representing 54 National Fraternity Offices live onto Celectdata(TM). These Chapters will be paying set-up and migration fees, as well as recurring administrative license fees." The Fraternity Communications Association (formerly the College Fraternity Editors Association) is composed of fraternities and sororities committed to communicating the highest ideals of the fraternity system and its achievements. Since 1969, CFEA (now called the FCA) has actively sought the participation of all Greek-letter society editors and their staffs.

The Fraternity Communications Association values rewarding its members as part of our larger strategic vision. Through recognition programs, the FCA strives to enhance fraternal communications. "Working with Celect.org to develop our online awards site made what I thought would be an overwhelming task extremely simple. The final product proved to be an application that has met all the needs of our FCA Annual Awards Competition, today and in the future." Whitney Frazier - Awards Committee Chair for the FCA.

Tim Roth, Founder & Chief Strategy Officer, stated, "Celect was contracted to build the online applications for all of the Association's award programs. We will also be managing their web site applications and member database system needs. This relationship will leverage hundreds of new potential clients in the Greek and Collegiate marketplace. They have agreed to promote Celect's platform to their membership and recommend their members share the Celect's platform capabilities with their corresponding national organizations . Today, Celect.org(TM) is the leader in the Greek student organization market with a presence on over 230 campuses nationwide." About Us: Celect.org(TM), an Optimum Interactive (USA) Ltd. Company, is the leading provider of web-based network services for membership organizations including collegiate student organizations, faith organizations, non-profit organizations and professional associations. Based upon a patent-pending, one-click, one-system solution, the Celect.org platform helps membership executives to efficiently operate their organizations online. By removing administrative bottlenecks, the technology enhances membership participation and financial controls. Ideal for organizations with anywhere from 20 to 500,000+ members, the Celect.org platform allows membership organizations to effectively communicate and raise funds in a transparent, yet safe and secure manner. Held by parent company Optimum Interactive (USA) Ltd. (Pink Sheets:OPTL), Celect.org, LLC is headquartered in Newport Beach, CA with additional offices in Illinois, Toronto, and New York.

------------------------------------------------------------------------------------------------------------------------------------------------------------ (OTCBB: SGTI - Shengtai Pharmaceutical, Inc.) LATEST NEWS!! Shengtai Pharmaceutical, Inc. Reports Second Quarter Fiscal Year 2010 Financial Results WEIFANG, Shandong, China, Feb 16, 2010 -- Shengtai Pharmaceutical, Inc. (OTC Bulletin Board: SGTI) a leading manufacturer and distributor of high-quality, pharmaceutical grade glucose products in China, today reported financial results for the second quarter of fiscal 2010 ended December 31, 2009.

Second Quarter 2010 Financial Summary Second quarter 2010 revenues totaled approximately $28.51 million, approximately $13.71 million or $92.7% increase compared to the same period last year Second quarter 2010 gross margin is 15.68% compared to 13.48% same period last year Second quarter had positive operating cash flow of approximately $8.73 million Cash and restricted cash of approximately $17.08 million "The first quarter fiscal year 2010 brings our company back to profitable and creates a very good opening for fiscal year 2010. Our company continued this good opening and sales revenue had a steady increase in the second quarter fiscal year 2010. Our glucose revenue increased approximately 50% compared to the same period last year. Selling, general and administrative (SG&A) expenses for the three months ended December 31, 2009 were approximately $2.20 million, a decrease of $127,209 compared with the same period last year. Our improving financial results show that our strategies of controlling costs, improving product structure to create a higher gross profit products mix, and expanding market share in pharmaceutical glucose markets are successful," said Mr. Qingtai Liu, Shengtai Pharmaceutical's CEO. "The competition in the last year was tough but we are proud that we survived the economic crisis and are on the right track to our goal of becoming the largest pharmaceutical glucose provider." Second Quarter Fiscal 2010 Financial Results Second quarter 2010 revenues were approximately $28.51 million, a 92.7% increase year-over-year compared to the approximately $14.80 million reported in the second quarter of fiscal 2009. Sales of glucose products totaled approximately $13.89 million during the second quarter as it accounted for 48.7% of sales. Cornstarch sales for the quarter totaled approximately $7.00 million or 24.6% of revenues. Sales of other products totaled approximately $7.62 million or 26.7% of revenues. The increase in sales revenue resulted from the increase of our export sales and domestic cornstarch and other products sales. Exporting sales revenue for the three months ended December 31, 2009 increased approximately 307% compared with the corresponding period in 2008. The increase is because with the recovery of the global economic crisis and with our exporting department reorganization in fiscal year 2009, the international demand of our glucose and protein powder products increased compared to the same period last year. Domestic sales for cornstarch and other products for the three months ended December 31, 2009 increased approximately 127% compared with the same period last year. The increase in domestic sales was because of the higher demand for cornstarch and increase in unit sales price for cornstarch.

Gross profit for the three months ended December 31, 2009 was approximately $4.47 million compared with approximately $1.99 million the same period last year. The increase in gross profits resulted from the increase in sales compared with the same period in 2008. Gross margin was 15.7%, a rise from 13.5% in the second quarter of fiscal 2009. The reasons for the increase in gross profit margin was because of decreased selling, general, and administrative expenses.

Selling, general and administrative (SG&A) expenses for the three months ended December 31, 2009 were approximately $2.20 million, a decrease of $127,209 compared with the same period last year. The decrease in our Selling, General and Administrative expenses was mainly the result of our efforts in controlling our costs. Especially we have controlled our professional expenses as a public company by lowering our legal, audit, and investment relationship expenses. We incurred $158,818 in non-cash stock option expenses for the three months ended December 31, 2009.

Second quarter 2010 net income was approximately $1.05 million or 5 cents per diluted share, compared to second quarter 2009 net loss of $473,887 or 2 cents per diluted share. The increase in net income was primarily due to the increase in our sales, decreased selling, general, and administrative expenses, and increase of other income.

Financial Condition As of December 31, 2009, Shengtai Pharmaceutical had cash and restricted cash totaling approximately $17.08 million. The Company generated approximately $8.73 million in positive cash flow from operations during the second quarter. The Company's short-term loan totaled approximately $33.30 million and long-term debt totaled approximately $4.24 million. The Company's total shareholders' equity increased to approximately $47.17 million.

Business Outlook Based on its current outlook, and existing and anticipated business conditions, Shengtai expects net income for fiscal year ending June 30, 2010 to be between 3 to 5 million.

"Looking forward, we see increased demand of our products and are confidant about our cash position," said Mr. Qingtai Liu, Shengtai Pharmaceutical's CEO. "The Chinese government's stimulus plan is taking effect. More medical clinics are built or going to be built. The new clinics increased the demand for our pharmaceutical glucose products. We remain our leading position in this field to provide approximately 40% of the China pharmaceutical market share. The oral glucose and the cornstarch market are recovering. Some companies in the cornstarch and oral glucose business did not survive during the world economic crisis while we reserved our cash and other resources. We now have the resources and capabilities to catch the recovered business. The exporting market is recovering as well. Our reorganization of the exporting department last year also contributed to our success. In general, we are very confidant to welcome a profitable and growing fiscal year 2010 and 2011".

About Shengtai Pharmaceutical, Inc.

Shengtai Pharmaceutical, Inc. through its wholly owned subsidiary, Shengtai Holding, Inc. (SHI), a New Jersey corporation, and the Chinese operating company of Weifang Shengtai Pharmaceutical Co., Ltd., is a leading manufacturer and supplier of pharmaceutical grade glucose used for medical purposes. It also manufactures and supplies glucose and cornstarch products to the food, beverage and industrial production industries in China. For more information about Shengtai Pharmaceutical, Inc., please visit http://www.shengtaipharmaceutical.com.

------------------------------------------------------------------------------------------------------------------------------------------------------------ About StockHunter.us StockHunter.us is a website that profiles stocks of interest. We are not licensed brokers or financial consultants. The information here is believed to be reliable, but not guaranteed to be accurate by StockHunter.us. Please be advised that the information contained may or may not be complete and is solely for informational purposes only. This is not to be construed as an offer to sell, hold or the solicitation of an offer to buy. Investors are encouraged to seek opinions by their registered brokers or financial advisors after extensive due diligence is performed.

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