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Tiens Biotech Group (USA) Reports Second Quarter and Six-Month Results
Date:8/14/2009

ogress (15,954,182) (9,722,463) Proceeds from sales of properties 17,039 61,152 Purchase of equipment and automobiles (921,388) (360,192) Net cash used in investing activities (20,441,748) (9,542,428) CASH FLOWS FROM FINANCING ACTIVITIES: Loan from (repayment to) related parties (3,945,510) 7,400,000 Payments on long term debt, related party -- (1,065,000) Proceeds for joint venture investor in Dongfeng -- 2,828 Payments to minority interest shareholder -- (5,070,091) Increase in paid in capital 163,331 -- Net cash provided by (used in) financing activities (3,782,179) 1,267,737 EFFECT OF EXCHANGE RATE CHANGES ON CASH 64,084 3,053,932 DECREASE IN CASH (10,513,981) (6,340,515) CASH, beginning of period 44,854,511 54,081,848 CASH, end of period $34,340,530 $47,741,333 Supplemental disclosures of cash flow information Cash paid during the period for: Interest $105,817 $132,662 Income taxes $667,347 $1,822,619 TIENS BIOTECH GROUP (USA), INC. AND SUBSIDIARIES REVENUE BY REGION Three months ended June 30, 2009 2008 Change China $9,669,603 $8,509,932 13.6% International $10,881,433 $11,144,515 -2.4% Total
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SOURCE Tiens Biotech Group (USA), Inc.
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