International Absorbents Announces Financial Results For Fiscal Year 2009; Net Income...

International Absorbents Announces Financial Results For Fiscal Year 2009; Net
Income Increases 11%, Sales Increase 8%

FERNDALE, Wash., April 29 /PRNewswire-FirstCall/ -- International Absorbents
Inc. (NYSE Euronext: IAX), a leading developer and producer of
environmentally-friendly pet care and industrial products, today reported
financial results for the fiscal year ended January 31, 2009.

Net income for fiscal year 2009 improved 11% to $2,239,000, or $0.35 per
share, versus $2,016,000, or $0.31 per share, for fiscal year 2008.

Sales increased 8% to $35,752,000 for fiscal year 2009, compared to
$33,095,000 for fiscal year 2008.

Gross profit for fiscal year 2009 was $11,482,000 compared to $9,956,000 for
fiscal year 2008.

Gordon L. Ellis, Chairman of International Absorbents Inc. commented on the
Company's financial results, "The economic downturn is having its effect on us
as sales slowed in the latter part of the year resulting in overall growth of
8 percent, the first time in many years that we have had less than double
digit growth. As companies worldwide tighten up their inventories our
customers have been doing the same such that sales continue to slow as we move
into the new year. To counter this, we continue to focus on becoming a more
cost-effective manufacturer through both increased efficiencies and innovative
cost saving initiatives. Success in these areas are reflected in the results
for fiscal year 2009 including improved margins and a 11 percent increase in
net profit.

Consistent with our long term strategy we are pushing into both new market
channels and geographies. Additionally, our objective is to take advantage of
this downturn to give our customers value for their money and thereby secure
as much market share as possible. With two modern manufacturing facilities
and increased efficiencies we have significant excess capacity to support
future growth, and our strong balance sheet can weather short term sales
disruptions.

These are interesting economic times and we look forward to coming out of this
recession a stronger, more profitable organization."

International Absorbents Inc. develops, manufactures and markets patented and
proprietary, cost effective consumer and commercial products derived from
recycled, renewable materials. These environmentally safe products outperform
conventional products used in a broad range of consumer and industrial
applications, including retail/commercial pet bedding and litter, oil and
hazardous liquid spill cleanup and control, oil/water filtration, and
packaging. Further information is available at
www.internationalabsorbents.com.

FINANCIAL HIGHLIGHTS

Year Ended January 31, 2009
2009 2008
Sales, net $35,752,000 33,095,000
Gross profit 11,482,000 9,956,000
Net income before taxes 3,654,000 3,270,000
Net income 2,239,000 2,016,000
Basic earnings per share 0.35 0.31
Weighted average shares (basic) 6,410,000 6,410,000
Total assets $31,281,000 $28,589,000
Stockholders' equity 20,386,000 17,689,000
Net Cash Flows from operating activities 3,644,000 3,571,000

Contact:
Charles (Chuck) Tait
International Absorbents Inc.
Toll Free: 866-514-6559 or 604-681-6181
info@internationalabsorbents.com

A number of the matters and subject areas discussed in this press release that
are not historical or current facts deal with potential future circumstances
and developments, including without limitation, statements referring to the
potential impact on the Company of the recession; the Company's ability to
reduce costs, increase efficiencies, enter into new markets, introduce new
products, gain market share, improve profitability and execute on its future
growth strategies; potential financial results; the capacity of the Company's
manufacturing facilities; forecasted benefits from infrastructure
improvements; and the Company's competitiveness and profitability as a result
of new sales and marketing programs, are forward-looking statements. The
words "believe," "expect," "intend," "estimate," "assume" and "anticipate,"
variations of such words and similar expressions identify forward-looking
statements, but their absence does not mean that a statement is not
forward-looking. The discussion of such matters and subject areas is
qualified by the inherent risks and uncertainties surrounding future
expectations generally, and it is important to note that the Company's actual
results could differ materially from those projected, due to various risk
factors. Those risks include, but are not limited to, the effect on the
Company of the ongoing global economic downturn, any potential decrease or
change in consumer spending, the potential impact on the Company of any
increases in energy and transportation costs; the performance of the Company's
manufacturing facilities, competitor reactions and their ability to market and
price their products, and the availability of sources of raw materials to meet
demand rates necessary to sustain growth. Additional information concerning
factors that could cause actual results to differ materially from those in the
forward-looking statements is contained from time to time in the Company's
reports filed with the SEC, including, but not limited to, the Company's
annual report on Form 10-K for the fiscal year ended January 31, 2009 and its
quarterly filings on Form 10-Q. This press release speaks only as of its
date, and the Company disclaims any duty to update the information herein.

SOURCE International Absorbents Inc.

Charles (Chuck) Tait of International Absorbents Inc., Toll Free,
866-514-6559, or +1-604-681-6181, info@internationalabsorbents.com