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Tiens Biotech Group (USA) Reports Second Quarter and Six-Month Results

s -- (129,527)

Construction deposits (2,206,145) --

Contractor deposits 101,801 412,802

Addition to construction in progress (9,722,463) (12,961,091)

Proceeds from sale of equipment 61,152 --

Purchase of equipment and automobiles (360,192) (1,158,813)

Net cash used in investing (9,542,428) (18,525,646)


Loan from (repayment to) related

parties 7,400,000 (843,115)

Payments on long term debt, related

party (1,065,000) --

Proceeds from share subscription in

subsidiary -- 18,000,130

Proceeds from joint venture investor

in Dongfeng 2,828 -

Payment to minority interest

shareholder (5,070,091) (6,676,102)

Net cash provided by (used

in) financing activities 1,267,737 10,480,913


INCREASE (DECREASE) IN CASH (6,340,515) 3,085,516

CASH, beginning of period 54,081,848 55,214,540

CASH, end of period $ 47,741,333 58,300,056

Supplemental disclosures of cash flow


Cash pain during the year for:

Interest (net of amount capitalized) $ 132,662 --

Income taxes $ 1,822,619 1,370,002

Note 1.

On December 20, 2007, the Company's subsidiary, Tianshi International

Holdings Group Ltd. (''Tianshi Holdings''),

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

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