Tianyin to Move to AMEX

Tianyin Pharmaceutical (TYNP.OB), which specializes in modernized traditional Chinese medicines, has been approved to list its shares on the American Stock Exchange. It will migrate from the OTC Bulletin Board on or before October 3, 2008 and trade using the ticker symbol TPI.

Tianyin Pharma is currently trading for $2.15 per share, so it does not qualify for most of the AMEX criteria sets, which require a minimum share price of $3. However, the company was able to qualify under alternate standards.

Earlier this month, Tianyin announced preliminary, unaudited results for its fiscal 2008, which ended June 30, 2008. The company expects that revenues will jump 65% higher to $33 million. Net income will increase 50% increase to $5.9 million.

Disclosure: none.