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

(5,150,414) (6,676,102) Net cash provided by financing activities 5,824,160 21,741,225 EFFECT OF EXCHANGE RATE CHANGES ON CASH 3,428,876 3,525,922 DECREASE IN CASH (9,227,337) (1,132,692) CASH, beginning of year 54,081,848 55,214,540 CASH, end of year $44,854,511 $54,081,848 Supplemental disclosures of cash flow information Cash paid during the year for: Interest $266,273 $399,773 Income taxes $3,877,420 $2,215,159 Note 1. On December 20, 2007, the Company's subsidiary, Tianshi International Holdings Group Ltd. ("Tianshi Holdings"), entered a Sale and Purchase Agreement with Tianshi International Investment Group Co., Ltd. ("Tianshi Investment"). Pursuant to the Sale and Purchase Agreement, Tianshi Holdings agreed to buy all of the registered share capital of Tianjin Tiens Life Resources Co., Ltd. ("Life Resources") for $64.2 million. The transaction closed on March 13, 2008. As Tianshi Holdings and Life Resources were under common control by Jinyuan Li before the combination, the combination was treated for accounting purposes as a pooling of interests. The balance sheet of the Company at December 31, 2007 and comparative interim financial statements for the corresponding periods of the preceding fiscal year were adjusted as if Life Resources had been combined on January 1, 2007. TIENS BIOTECH GROUP (USA), INC. AND SUBSIDIARIES REVENUE BY REGION Twelve months ended December 31, 2008 2007
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SOURCE Tiens Biotech Group (USA), Inc.
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