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

4,966,397 NET INCOME 27,657,196 17,936,590 OTHER COMPREHENSIVE INCOME: Foreign currency translation adjustment 7,891,018 9,915,740 COMPREHENSIVE INCOME $35,548,214 $27,852,330 EARNINGS PER SHARE, BASIC AND DILUTED $0.39 $0.25 WEIGHTED AVERAGE NUMBER OF SHARES 71,333,586 71,333,586 TIENS BIOTECH GROUP (USA), INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2008 AND DECEMBER 31, 2007 2007 As Adjusted 2008 (Note 1) ASSETS CURRENT ASSETS: Cash $20,992,573 $54,081,848 Cash related to assets held for sale 23,861,938 -- Total cash 44,854,511 54,081,848 Accounts receivable, trade - related parties, net of allowance for doubtful accounts of $1,108,789 and $71,700 as of December 31, 2008 and 2007, respectively 23,941,431 14,268,229 Accounts receivable, trade - third parties -- 104,398 Inventories 8,365,607 5,949,963 Other receivables 813,591 1,068,343 Other receivables - related parties 15,729,076 13,887,138 Employee advances 112,591 65,901 Prepaid expenses 301,898 623,638 Prepaid income taxes 1,531,207 -- Assets held for Sal
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SOURCE Tiens Biotech Group (USA), Inc.
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