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Tianyin Pharmaceutical Co., Inc. Reports Record Fiscal 2009 Financials With $7.9 Million in Net Income
Date:9/24/2009

of 5.4 to 1 and $12.4 million in cash and cash equivalents on June 30, 2009. Stockholders' equity was $40.9 million, with working capital of $19.3 million$ and total liabilities of $4.4 million. Days Sales Outstanding for fiscal 2009 were 48 days compared to 49 days for 2008. For the fiscal year of 2009, the Company generated $8.3 million in cash from operations versus $3.7 million for the same period in 2008.

    Significant Business Developments
    -- Tianyin engaged a major advertising firm to commence a marketing
       initiative for its Xuelian Chongcao Oral Liquid product that will
       include prominent, prime-time advertisements on China Central
       Television (CCTV), China's most famous television station, which is
       viewed by 98% of households throughout China.  Xuelian Chongcao Oral
       Liquid is an Over-The-Counter TCM drug that effectively replenishes
       kidney functionality and also improves overall energy.
    -- Tianyin completed construction of its new production facility in
       Chengdu which recently received Good Manufacturing Practices
       Certificate for pharmaceutical products from the State Food and Drug
       Administration ("SFDA") in China.  Construction was delayed due to the
       earthquake in Sichuan which occurred on May 12, 2008.  The new
       production facility is expected to triple the production capacity of
       solid dosage drugs, such as Azithromycin Dispersible Tablets,
       Mycophenolate Mofetil Capsules, and Dantong Capsules, and will be able
       to support approximately $100 million in annual revenues assuming the
       current product mix.  The Company expects to commence production by
       October, 2009.
    -- Tianyin further expanded its product portfolio during fiscal 2009 which
       now totals 39 drugs.  The Company received 10 new production approvals
       from the Chinese SFDA for drugs which address multiple medical
       conditio
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SOURCE Tianyin Pharmaceutical Co., Inc.
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