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Tiens Biotech Group (USA) Reports First Quarter Results
Date:5/17/2010

38,037 11,236,501 Total non current liabilities 11,238,037 11,236,501 Total liabilities 49,886,084 45,334,533 EQUITY: Shareholders' equity of the Company: 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 18,118,007 18,042,189 Statutory reserves 13,217,217 13,217,217 Retained earnings 129,631,801 126,370,263 Accumulated other comprehensive income 18,277,093 18,262,123 Total shareholders' equity of the Company 179,315,452 175,963,126 Noncontrolling interest 10,161,377 9,812,049 Total equity 189,476,829 185,775,175 Total liabilities and equity $239,362,913 $231,109,708 TIENS BIOTECH GROUP (USA), INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2010 AND 2009 (UNAUDITED) Three months ended March 31, 2010 2009 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $3,603,595 $8,999,799 Adjustments to reconcile net income to cash provided by (used in) operating activities: Provision for doubtful accounts 202,247 (184,568) Depreciation 417,469 544,811 Amortization 83,557 97,143 Interest expense
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SOURCE Tiens Biotech Group (USA), Inc.
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