ACL Semiconductors Announces Year End Results

Business Wire, April 16, 2008

EBITDA improves by 15.5% Revenue increases 52.4%

HONG KONG -- ACL Semiconductors, Inc. (OTCBB:ACLO), announced its audited financial results for the year ending December 31, 2007.

The company reported sales for the year ending December 31, 2007 of $160,404,924 compared with $105,642,123 for the prior year ending December 31, 2006, an increase of 52.4% over the comparable period. The company reported $.0621 per share in EBITDA. EBITDA for the year was $1,758,525 versus $1,485,586 for the same period in 2006, an increase of 15.5%. Operating expenses for the year increased 5.4% from the previous period to $3,116,802. The company reported a decrease in net income for the 2007 calendar year to $331,092 compared with $555,404 for the prior 2006 calendar year.

In announcing the results, Chairman and CEO Alan Yang stated, "Despite a difficult period of decreasing unit prices and lower gross margins, given the greater than 50% increase in revenue for the year reflects that our market share in southern China is rapidly growing. Working side-by-side with Samsung, we are optimistic that revenue will continue to grow at a high double-digit pace. Further, for 2008, we anticipate strong demand for VGA RAM as required for PC's utilizing the Vista operating system. Moreover, we expect a shortage of high-capacity FLASH components as Apple will launch the new version of the "I-Phone" and "I-Pod" in the second half of 2008. We believe these two dynamics will have a positive impact on our component pricing, particularly in the second half of the year; and given our relatively stable operating expenses, combined with an environment where component prices are increasing means that we could have our most profitable year ever in 2008. Indeed, that is our goal."

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.