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Tiens Biotech Group (USA) Reports Record Twelve-Month Results
Date:3/31/2009

s payable (2,654,720) 142,666 Other payables 459,357 576,205 Other payables - related parties (390,158) (107,546) Net cash provided by operating activities 18,806,512 7,331,586 CASH FLOWS FROM INVESTING ACTIVITIES: Payment of deposit on acquisition of Life Resource -- (19,096,525) Increase in loans receivable - related party -- 493,941 Increase in long-term prepaid expense -- (209,087) Collections from loans to local government 457,329 -- Increase in intangible assets (6,068,759) (132,027) Construction deposits (4,391,560) (1,045,877) Contractor deposits (464,499) 346,934 Addition to construction in progress (25,714,095) (25,196,562) Proceeds from sales of properties 426,288 14,111,723 Purchase of equipment and automobiles (1,531,589) (3,003,945) Net cash used in investing activities (37,286,885) (33,731,425) CASH FLOWS FROM FINANCING ACTIVITIES: Loan from related parties 6,080,385 27,900,609 Increase (payment) in other payables-non current (282,664) 516,718 Increased in additional paid in capital 482,516 -- Increase in deferred income 5,891,999 -- Payments on long term debt, related party (1,197,662) -- Payments to minority interest shareholder
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SOURCE Tiens Biotech Group (USA), Inc.
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