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Tiens Biotech Group (USA) Reports Fourth Quarter and Twelve-Month Results
Date:3/28/2008

OTHER COMPREHENSIVE

INCOME

Foreign

currency

translation

adjustment 3,334,871 1,083,976 8,265,358 3,480,775

COMPREHENSIVE

INCOME $ 7,214,298 $ 6,986,603 $ 26,858,999 $ 29,772,852

EARNINGS PER SHARE,

BASIC AND

DILUTED $ 0.05 $ 0.08 $ 0.26 $ 0.37

WEIGHTED AVERAGE

NUMBER OF

SHARES 71,333,586 71,333,586 71,333,586 71,333,586

TIENS BIOTECH GROUP (USA), INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

AS OF DECEMBER 31, 2007 AND DECEMBER 31, 2006

A S S E T S

December 31, December 31,

2007 2006

CURRENT ASSETS:

Cash $ 48,678,945 $ 54,270,065

Accounts receivable, trade - related

parties, net of allowance for

doubtful accounts of $71,700 and

$86,776 as of December 31, 2007 and

December 31, 2006, respectively 14,268,229 12,926,670

Accounts receivable, trade - third

parties 104,398 18,135

Inventories 5,949,963 6,845,108

Other receivables 892,489 349,905

Other receivables - related parties 13,070,907 8,397,227

Employee advances 64,336 111,121

Prepaid expense 623,638 2,135,917

Total current assets 83,652,905 85,054,148

Property, plant and equipment, net 18,322,619 30,511,319

OTHER ASSETS:

Intangible assets
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SOURCE Tiens Biotech Group (USA), Inc.
Copyright©2008 PR Newswire.
All rights reserved

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