ACL Semiconductors on Record Pace for Third Quarter of 2008

Business Wire, Sept 15, 2008

--Sales Volumes & Margins in Q3 '08 to Exceed Q3 '07--

HONG KONG -- ACL Semiconductors, Inc., Samsung's largest distributor of memory components in Southern China, today announced its financial outlook for the third quarter of 2008.

Strong global demand for DRAM and Flash components is being accelerated by global consumer demand for a variety of next-generation electronics, such as MP4 players, PCs, cellular phones, PDAs, GPS devices and laptops. Samsung is one of the world's fastest growing memory component suppliers, achieving a growth rate of 21%, more than three times greater than 6% in the overall semiconductor industry, in the first half of 2008 (source: McClean Report). "Through our strategic, long-term relationship with Samsung, we are poised to continue to fill explosive market demand in Southern China, where 90% of all consumer electronics manufacturers are located," said Kenneth Chan, CFO of ACL Semiconductors, Inc.

"We are now in our seasonally strongest period of the year. As we near the end of our third quarter, our sales have continued to increase over the comparable period last year, and lean inventories have enabled us to show improved margins. If these positive supply and demand variables remain in place, we are confident that we will continue to report significant top-line improvement with our highest profit margins since going public in 2004," said Mr. Chan.

ACL Semiconductors said it expects to report third quarter results on or before November 14, 2008. ACL Semiconductors reported revenues of $43.9 million in the third quarter of 2007.

About the ACL Semiconductors Inc.

ACL Semiconductors, Inc. ("ACL") is a principal distributor of memory products including DRAM and Flash for Samsung Electronics Co. Ltd. in Hong Kong and Southern China since 1991. ACL is now one of the largest and most successful distributors for memory products in Asia. The company has achieved annual sales in excess of one hundred million dollars since 2004. ACL has been in business in Asia for the past 18 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 GPS, mobile phones, UMPC, ePCs, Wi-Fi products, laptop computers, servers, routers, workstations, desktop computers, PDAs, digital cameras, MP3 players, USB drives and other consumer electronics worldwide. The company has more than 200 customers in Hong Kong and southern China. ACL 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.