On National HIV Testing Day, Chembio Diagnostics, Inc. Anticipates Record HIV Test Revenues for First Half of 2007

MEDFORD, NY--(MARKET WIRE)--Jun 27, 2007 -- Chembio Diagnostics Inc. (OTC BB:CEMI.OB - News) announced today, on National HIV Testing Day, that it expects to report revenues of at least $2.2 million for the second quarter. When added to the $2.0 million of revenues reported in the first quarter of 2007, this would result in revenues for the first half of 2007 of approximately $4.2 million, as compared with approximately $2.9 million reported for the first half of 2006, representing an increase of approximately 46%. The $2.2 million for the second quarter of 2007 would represent an increase of approximately 34% over $1.6 million for the second quarter of 2006.

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