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


NUMBER OF SHARES 71,333,586 71,333,586 71,333,586 71,333,586


June 30, December 31,

2008 2007

As Adjusted

(Unaudited) (Note 1)


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


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

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

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