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Tiens Biotech Group (USA) Reports Third Quarter and Nine-Month Results
Date:11/15/2010

63,683)NET INCOME ATTRIBUTABLE TO THE SHAREHOLDERS OF THE COMPANY1,720,4582,236,2305,367,78321,005,353OTHER COMPREHENSIVE INCOME:Foreign currency translation adjustment2,826,688182,0283,951,957406,870COMPREHENSIVE INCOME4,547,1462,418,2589,319,74021,412,223COMPREHENSIVE INCOME ATTRIBUTABLETO THE NONCONTROLLING INTEREST312,35311,390819,21625,240COMPREHENSIVE INCOME ATTRIBUTABLE TO THE SHAREHOLDERS OF THE COMPANY

$

4,234,793

$

2,406,868

$

8,500,524

$

21,386,983EARNINGS PER SHARE, BASIC AND DILUTED

$

0.02

$

0.03

$

0.08

$

0.29WEIGHTED AVERAGE NUMBER OF SHARES, BASIC AND DILUTED71,333,58671,333,58671,333,58671,333,586TIENS BIOTECH GROUP (USA), INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETSAS OF SEPTEMBER 30, 2010 (UNAUDITED) AND DECEMBER 31, 2009September 30, December 31,20102009(Unaudited)A S S E T SCURRENT ASSETS:Cash$

7,632,304

$

1,848,328Accounts receivable, trade - related parties, net of allowance for doubtful accounts
of $1,538,200 and $1,419,178 as of September 30, 2010 and December 31, 2009, respectively10,795,74115,379,312Inventories5,287,6685,328,052Other receivables1,256,939995,657Other receivables - related parties45,040,77344,561,626Employee advances114,444115,673Prepaid expenses, net of allowance for doubtful accounts of $1,039,643 and $1,018,474
as of September 30, 2010 and December 31, 2009, respectively431,442658,193Prepaid taxes3,001,473407,534Total current assets73,560,78469,294,375PROPERTY, PLANT AND EQUIPMENT, net9,910,70410,124,483OTHER ASSETS:Construction in progress170,971,153125,572,621Construction deposits8,250,5201,405,997Intangible assets, net12,898,22912,864,295Other assets13,507,37011,847,937Total other assets205,627,272151,690,850Total assets

$

289,098,760

$

231,109,708L I A B I L I T I E S
A N D   S H A R E H O L D E R S'   E Q U I T YCURRENT LIABILITIES:Acc
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SOURCE Tiens Biotech Group (USA), Inc.
Copyright©2010 PR Newswire.
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