ACL Semiconductors Announces Year End Results

Business Wire, April 18, 2007

EBITDA Improves by 134%

Net Income Increases 114%

HONG KONG -- ACL Semiconductors, Inc. (OTCBB:ACLO) today announced its audited financial results for the year ending December 31, 2006.

The company reported sales for the year ending December 31, 2006 of $105,642,123 compared with $110,207,743 for the prior year ending December 31, 2005, a decrease of 4.5% over the comparable period. Gross profit improved to $4,098,025 for the year-end period an increase of 22% over the prior year. EBITDA for the year was $1,568,903 versus $669,258 for the same period in 2005, an increase of 134%. The company reported a 114% increase in net income for the 2006 calendar year to $555,404 compared with $259,515 for the prior 2005 calendar year.

In announcing the results, Chairman and CEO Alan Yang stated, "Clearly the financial performance for the year is our most successful report since we became a publicly traded company in 2003. Our triple digit gain in net profit over the prior year is a significant accomplishment and not only underscores the company's improvement in gross and net margins, but demonstrates our company's commitment to enhance shareholder value."

About the ACL Semiconductors, Inc.

ACL has been a leading distributor of Samsung and other memory chip products, including DRAM, Flash, SRAM and Mask ROM products for the Hong Kong and Southern China markets since 1991, and has achieved annual sales in excess of one hundred million dollars since 2004. ACL Semiconductors has been in business in Asia for the past 15 years and, during that time, has evolved as an integral part of southern China's development while serving the OEM and ODM manufacturing base for mobile phones, PDA's, digital cameras, laptop computers, MP3 players and other consumer electronics worldwide. The company has more than 200 customers in Hong Kong and southern China. ACL Semiconductors, Inc. trades on the OTCBB under the symbol, ACLO.

Safe Harbor Act Notice

This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). 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. Third-party statements contained herein and information contained on any third-party Web site are not endorsed by or adopted by ACL Semiconductors, nor have ACL Semiconductors or its affiliates verified their accuracy.