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Tiens Biotech Group (USA) Reports Second Quarter and Six-Month Results
Date:8/14/2008

>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 JUNE 30, 2008 AND DECEMBER 31, 2007 A S S E T S

June 30, December 31,

2008 2007

As Adjusted

(Unaudited) (Note 1)

CURRENT ASSETS:

Cash $ 47,741,333 $ 54,081,848 Accounts receivable, trade -

related parties, net of

allowance for doubtful accounts

of $109,415 and $71,700, as of

June 30, 2008 and December 31,

2007, respectively 23,176,490 14,268,229

Accounts receivable, trade -

third parties -- 104,398

Inventories 6,222,266 5,949,963

Other receivables 609,326 1,068,343

Other receivables - related
parties 11,844,719 13,887,138

Employee advances 260,974 65,901

Prepaid expense 285,677 623,638

Prepaid income taxes 734,772 --

Total current assets 90,875,557 90,049,458

PLANT AND EQUIPMENT, net 16,053,138 16,071,900

OTHER ASSETS:

Construction in progress 55,279,413 39,792,774

Construction deposits 1,615,659 1,089,216

Intangible assets, net 9,711,580 9,246,879

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

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