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Tiens Biotech Group (USA) Reports First Quarter Results
Date:5/17/2010

1,872 85,768 Other expense (253,710) (45,288) OTHER (EXPENSE) INCOME, NET (251,838) (12,136) INCOME BEFORE INCOME TAXES 4,213,097 9,359,414 INCOME TAXES 609,502 359,615 NET INCOME 3,603,595 8,999,799 LESS: Net income attributable to the noncontrolling interest (342,057) (406,974) NET INCOME ATTRIBUTABLE TO THE COMPANY 3,261,538 8,592,825 OTHER COMPREHENSIVE INCOME: Foreign currency translation adjustment 14,970 200,003 COMPREHENSIVE INCOME ATTRIBUTABLE TO THE COMPANY 3,276,508 8,792,828 COMPREHENSIVE INCOME ATTRIBUTABLE TO THE NONCONTROLLING INTEREST 343,398 419,595 COMPREHENSIVE INCOME $3,619,906 $9,212,423 EARNINGS PER SHARE, BASIC AND DILUTED $0.05 $0.12 WEIGHTED AVERAGE NUMBER OF SHARES, BASIC AND DILUTED 71,333,586 71,333,586 TIENS BIOTECH GROUP (USA), INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2010 (UNAUDITED) AND DECEMBER 31, 2009 March 31, December 31, 2010 2009 (Unaudited) ASSETS CURRENT ASSETS: Cash $9,873,298 $1,848,328 Accounts receivable, trade - related parties, net of allowance for doubtful accounts of $1,621,619 and $1,419,178 as of March 31, 2010 and December 31, 2009, respectively 10,245,625 1
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SOURCE Tiens Biotech Group (USA), Inc.
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