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

tailed in the Company's filings with the Securities and Exchange Commission.

    For more information, please contact:

    For the Company:
     Allen Tang, Ph.D., MBA, Assistant to the CEO in China
     Tel:   +86-158-2122-5642
     Email: Allen.y.tang@gmail.com

    Investors:
     Mr. Matthew Hayden, HC International
     Tel:   +1-561-245-5155
     Email: matt.hayden@hcinternational.net
     Web:  http://www.hcinternational.net


-- FINANCIAL TABLES FOLLOW --


Consolidated Balance Sheet

                                                     June 30,       June 30,
                                                        2009          2008
    Assets
    Current assets:
        Cash and cash equivalents                  $12,352,223   $12,057,150
        Accounts receivable, net of allowance
         for doubtful accounts of $171,947
         and $90,064 at June 30, 2009 and
         2008, respectively                          5,620,519     4,460,406
        Inventory                                    3,808,289     3,555,691
        Advance payments                             1,188,115            --
        Other receivables                              601,912       371,815
        Other current assets                            81,277       247,139
                Total current assets                23,652,335    20,692,201

    Property and equipment, net                      9,642,526     5,758,966

    Intangibles, net                                12,037,483    10,307,754

                Total assets                       $45,332,344   $36,758,921

    Liabilities and stockholders' equity
    Current liabilities:
        Accounts payable and accrued expenses       $1
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SOURCE Tianyin Pharmaceutical Co., Inc.
Copyright©2009 PR Newswire.
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