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Nutrastar Announces Second Quarter 2011 Financial Results
Date:8/12/2011

and other risks contained in reports filed by the Company with the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, the Company does not assume a duty to update any forward-looking statements to reflect events or circumstances after the date hereof.For more information, please contact:Robert Tick, CFONutrastar International Inc.Email: roberttick@nutrastarintl.comHoward GostfrandAmerican Capital VenturesTel:  +1-305-918-7000Email: info@amcapventures.comNUTRASTAR INTERNATIONAL INC. and subsidiariesCONDENSED CONSOLIDATED BALANCE SHEETS(AMOUNTS EXPRESSED IN US DOLLARS)June 30,December 31,20112010(Unaudited)ASSETSCURRENT ASSETSCash and cash equivalents

$

45,816,884

$

40,758,848Restricted cash100,260193,075Accounts receivable241,953261,223Inventories2,050,481867,761Prepayments and other receivables1,109,743289,502Total current assets49,319,32142,370,409OTHER ASSETSIntangible assets, net 2,203,0912,379,435Property, plant and equipment, net12,139,15710,248,989Total assets$63,661,569$54,998,833LIABILITIES AND STOCKHOLDERS' EQUITYCURRENT LIABILITIESAccounts payable

$

14,757

$

125,843Other payables and accruals807,026746,643Taxes payable1,899,120696,519Due to related parties52,53751,339Preferred stock dividend payable322,595181,181Warrant liabilities369,1481,198,273Total current liabilities3,465,1832,999,798Total liabilities3,465,1832,999,798COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITYPreferred Stock, $0.001 par value, (1,000,000 shares authorized,151,037 shares and 1
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