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Tiens Biotech Group (USA) Reports Fourth Quarter and Twelve-Month Results






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


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



DILUTED $ 0.05 $ 0.08 $ 0.26 $ 0.37



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





December 31, December 31,

2007 2006


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


Intangible assets

SOURCE Tiens Biotech Group (USA), Inc.
Copyright©2008 PR Newswire.
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