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

elated party 2,130,000 2,130,000 Liabilities directly associated with assets classified as held for sale 122,047 -- Total current liabilities 33,684,857 32,744,760 NON-CURRENT LIABILITIES Long term debt, net of current portion, related party 2,137,742 4,267,742 Other payables-non current -- 538,130 Deferred income 11,208,844 4,895,049 Total non current liabilities 13,346,586 9,700,921 Total liabilities 47,031,443 42,445,681 MINORITY INTEREST 9,006,438 6,144,063 COMMITMENTS AND CONTINGENCIES SHAREHOLDERS' EQUITY: Common stock, $0.001 par value, 250,000,000 shares authorized, 71,333,586 issued and outstanding, respectively 71,334 71,334 Paid-in-capital 9,234,123 8,842,009 Statutory reserves 9,420,783 9,420,783 Retained earnings 106,325,356 78,668,160 Accumulated other comprehensive income 23,851,062 15,960,044 Total shareholders' equity 148,902,658 112,962,330 Total liabilities and shareholders' equity $204,940,539 $161,552,074 TIENS BIOTECH GROUP (USA), INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007 2007 As Adjusted
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SOURCE Tiens Biotech Group (USA), Inc.
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