New TIENS Training System

TIENS Training System is a six- level training programme planned to establish the TIENS business culture and develop a business model with guidelines for the leaders on how to work with their network.

The Training System is also aimed at giving to all distributors a simple, common and structured way to present the company and easy to be adopted by everyone.

In higher levels, TIENS Training System is targeted to establish a professional networker attitude and support the leadership development.

The objectives of the six- level Training System are to provide with:

• a set of training tools
• structures and procedures to increase sales
• clear roles and responsibilities for the leaders
• Leadership development goals
• Training incentives

source: http://www.tiens.eu

BETTER KNOW WITH PT CHINA INSURANCE : A TIENS PARTNER FOR INSURANCE IN INDONESIA

Known as CII, as a local registered general insurance company according to the law of Indonesia, deals with non-life insurance and reinsurance business. Paid-up capital is 25 billion Rupiah. The shareholders are The People's Insurance Company of China with share of 55%, in the name of its whollyowned China Insurance Company Limited, and PT.Manunggal Group as the other shareholder, with shareholding of 45%. The headquarter of PT. China Insurance Indonesia is located in Jakarta. CII has offices in Medan, Surabaya,Bandung,Semarang and downtown of Jakarta. Following its business developing. CII will continue to open its offices in the other cities/areas of domestic and abroad. At present, the insurance business transacted by CII covers enterprises and household property, marine hull, marine cargo, construction and erection, motor vehicles and general accident etc

.In the May Riot of 1998, some clients of CII sustained vast damages and economic losses which CII timely compensated to the clients in order to restore their production as well as to arrange their life.

CII strictly manages in accordance with the law of insurance and the concerned laws of Indonesia. In its technique and management, CII is supported by the People's Insurance Company of China and the member companies of its group. Since its operation, CII has been maintaining in the status of financial soundness and rapidly developing tendency in its business.

At the same time, it has earned the support and trust of the local and offshore insurance market.Its good co-operation relationship has been established with the fellows in insurance fields, such as coinsurance and reinsurance business intercourse and relationship of technical co-operation with many companies. It has co-operated in business with almost of all the main brokers and large numbers on insurance agents. More and more insured choose to insure in PT. China Insurance Indonesia, as its sound reputation has set up in the insurance market

TIENS INTERNATIONAL: THE COMPANY

Founded in 1995 by Mr. Li Jinyuan in Tianjin, China, Tiens Group Co., Ltd. ("Tiens Group") entered the international market in 1998, was successfully listed on NASDAQ in September 2003, and formally entered into the AMEX in April 2005. TIENS is a multinational group specializing in retail, tourism, finance, international trade and E-business. With a business covering over 190 countries and regions, TIENS has subsidiaries or branches in 110 countries and regions, and has established strategic alliances with world-class enterprises from over 20 countries. By developing health food, health care, beauty care and home care products, Tiens Group offers a high quality lifestyle with health, happiness, beauty and affluence to over 12 million consumers worldwide.

With Contributing to Society through its charitable philosophy, Tiens Group believes in corporate social responsibility, and has donated RMB 1.06 billion to public welfare and social charities up till now.

The successful management of an educated, localized, and institutionalized workforce contributes to the strategic goals of TIENS International. TIENS has an unbeatable international team in terms of research, innovation and professionalism, including 5,000 executives and more than 35% of employees above master degree.

Presently TIENS is marching into the Global Top 500 with huge strides, based on an outstanding management system and state-of-the-art theories such as advanced Six-Network Interaction Theory, New Swap and Alternative Theory, and New Supermarket Theory..

Vision: Be the vanguard of the global direct selling industry.

Mission: Provide global consumers with quality products and opportunities of education and cause, improve their life quality, and build a harmonious international society.

Business Philosophy: Contributing to society by restoring health to mankind.

Corporate Spirit: Contributing to China through industrialization, and striving for higher goals through harmonious teamwork and genuine dedication.

Quality Guideline: Parable to build human health, Milestone to realize technical innovation, Method to make sustained improvements, and Heart to satisfy consumers.

Organizational Management Principle: knowledge-guided, management-based, relationship-centered, and people-oriented.

Tiens Six Interaction Networks: Strategic Mission to Fortune 500

Innovation is regarded as the soul of the people’s progress. Tienshi 6 Nets Interation has already become the focus of attention by worldwide economists, entrepreneurs, direct sales leaders and many business entities in mainland China. Some people already regard it as the Tienshi Phenomenon, because it is the first time a private group of companies in China is able to set foot in more than120 countries in the world in merely 12 years and this is indeed a great business miracle. Tienshi Human Resource Network Tianshi Group is a gigantic international company whose anchor products being high-tech healthcare products. The Group has 120 over branches and subsidiaries throughout the world and currently the Group’s business spreads over 208 countries with more than 12 million networkers or distributors involve in Tienshi’s various business opportunities. They form a large human resource network in 5 continents that is equivalent to the sum total population of New Zealand, Kuwait and Singapore. They are great assets of Tienshi and are the very valuable intangible properties of the company. Human being is the most important capital in economic development. They are also the driving force of progress and when given a chance could create economic miracles. Mr. Li Jinyuan says Tienshi’s human resources are borderless. The number is still growing from year to year. Tienshi’s human resource is always a gold mine where the gold is in great abundance. Today, the Tianshi business is segmented into 9 strategic zones comprise of Eastern Europe, Western Europe, North America, South America, South Africa, North Africa, Australia, South Asia and South-East Asia. It comprises of all races with different economic background. The 6 Nets Interaction Network is regarded as the business strategy of the corporation. It further enhances Tianshi business expansion and the Tianshi development manoeuvres means the network intend to clasp the life time consumer group.When you realize this point, it means you have truly understood the essence of the 6 Nets Interaction Network. The Chairman of People’s Republic of China, Deng Xiao Ping once said that: “Development is the only mean of true sense.” Today, Tianshi Group is already a public listed company. Go to the WORLD and talk to others about our 6 Nets Interaction Network.
       Tienshi International Logistic Network Li Jinyuan elaborates that logistic network is an important component in modern economy. It is the fundamental system for activating national economy. All top 500 companies in the world have world class logistic system. Building strategic logistic system is the prerequisite requirement for our international expansion. Tienshi business grows very rapidly worldwide. In order to fulfill capital security to its 12million networkers and consumers, we come up with the Tienshi International Logistic Network. Today, we have business in 208countries. The capital flow network system would ascertain that all networkers and consumers would have efficient capital flow so that their business could expand faster. Well organized capital flow could realize the goal of modern quality management. If a company faces goods shortage problem, then it is due to logistic system. In the West, it is regarded as the source of the third income. Transportation, information system, storage, packaging, logistic base, central base, regulating, commanding are all integrated and interactive with each other. Lacking one of them will obstruct the logistic. Tienshi would expand product line. . The system forms a chain of human resource and logistic network’s hypermall so that they form the situation where there is network inside the shop and there is shop inside the net to attain interactive effect. The special traits of the hypermall is that it blends the PV, BV system with the needs of the household with productive cycle. The family is a component of the society. When you can dominate the family market you dominate all the market and this is determined by a strong capital flow system. Logistic is Tiens organization’s fundamental system for the Group to become one of the World top 500 companies later. International Capital Flow Network Capital will only grow if it is put into flowing. In the Tienshi, capital operation network, the public listed shareholders are the entrepreneur, consumer, and shareholder. This is the real Tienshi capital operation network. The method to use the capital would determine the faith of the company and its maturity performance. It is also the art of war in business.
      Tienshi International Travel Network Some people say that: “Those who know how to make money see it everywhere and those who can’t make money does not see it even it is below his foot.” Many tourists spend luxuriously abroad. Realizing the potential of this industry Mr. Li also venture tourism industry. Tienshi has included tourism in its network.
Presently, our tourism business has been expanded to Moscow, Shanghai, Tienjin, Xian etc. Especially the Moscow/St. Pettersberg to China routes is very well received. We also plan to set up the business in Europe, South East Asia. In appropriate time, we would introduce special aerospace product education, business venture education, health education tourism packages. Our 90 branches worldwide provide excellent bases for tourism industry and the human resource mass become the important tourism consumers for Tienshi. Every year, we organize various large scale travel seminars, annual travel programs and travel education courses. Consumers can disregard contacting travel agencies as our branches abroad cater these needs including traveling, guided shopping tours and entertainment.
     Tienshi will utilize internet to interact with our networkers in the whole world and it is also used for managing the cash flow, information transportation and human resource mobility. The e-commerce and online office systems have already replaced the conventional telephone and facsimile to handle our business transaction. Our future development will fully utilize the information flow, human resource, on-line shopping, on-lining checking, on-line ordering, logistic distribution and information, sales network management, education training, capital operation etc. These are our prominent global strategies. Through internet, we could promptly understand global situation so that we could stand at the market forefront. Our networkers could communicate with each other with merely a click on the mouse, we have the world latest ERP office management system. The 6 nets interaction concept has breakthrough the convention where the wealth will be fairly distributed to all. He is China’s private entrepreneur whose idea could create a spark in the world. He enables us to foresee Tienshi’s future. The 800 million distributors’ synergistic effect may become a legend in this century.

Tiens Biotech Group Q2 Profit Declines - Quick Facts [TBV]

8/14/2007 8:32:55 AM Tiens Biotech Group, Inc. (TBV) reported second quarter net income of $5.1 million or $0.07 per share, compared to net income of $5.2 million or 40.07 per share in the last year quarter.

Revenue for the quarter was $14.32 million, compared to $14.29 million in the year-ago quarter.

Revenue for the six months ended June 30, 2007 was $30.6 million, down from $31.0 million in the last year period. Net income for the period was $11.6 million or $0.16 per share, compared to net income of $12.0 million or $0.17 per share in the prior year period.

source: http://www.rttnews.com/sp/Quickfactsnew.asp?date=08/14/2007&item=95

Tiens Biotech Group (USA) Reports Second Quarter Results

August 14, 2007: 08:00 AM EST

NEW YORK, Aug. 14 /Xinhua-PRNewswire-FirstCall/ -- Tiens Biotech Group (USA), Inc. (''the Company'' or ''Tiens''), , http://www.tiens-bio.com , announced financial results for the second quarter ended June 30, 2007.

Revenue for both the second quarter of 2007 and the second quarter of 2006 was $14.3 million.

Net income for the second quarter of 2007 was $5.1 million, compared to net income of $5.2 million for the second quarter of 2006. Earnings per share for both the second quarter of 2007 and 2006 were $0.07.

Revenue for the six months ended June 30, 2007 was $30.6 million, compared to $31.0 million for the six months ended June 30, 2006.

Net income for the six months ended June 30, 2007 was $11.6 million, compared to net income of $12.0 million for the first six months of 2006. Earnings per share for six months ended June 30, 2007 were $0.16 compared to $0.17 for the first six months of 2007.

Revenue by Region

For the second quarter of 2007, revenue in China was $5.1 million, an increase of 14.8% compared to the same period in 2006.

In China, Tiens sells its products to Tianjin Tianshi Biological Engineering Co., Ltd. (''Tianshi Engineering''), an affiliated Chinese company. In order to qualify for a direct selling license in China, Tianshi Engineering is required to produce a part of the products that it sells in China. As a result, in 2006, Tiens began to sell semi-finished products to Tianshi Engineering, which jointly shares licenses with Tiens to produce, manufacture and sell the products. The semi-finished products, which Tiens is now exclusively selling in China, have lower sales prices than the finished products Tiens had previously sold to Tianshi Engineering.

During the first quarter of 2006, Tiens had significant amounts of finished products in inventory. As previously mentioned above, semi-finished products have lower sales prices than finished products Tiens had previously sold to Tianshi Engineering. By the second quarter of 2006, most of the finished products in inventory had been sold. Therefore, the increase between the second quarters of 2007 and 2006 reflects a growth in sales of our products in China on the basis of comparing sales of semi-finished products in the second quarters of both 2006 and 2007. The increase in the strength of the Chinese renminbi (RMB) against the dollar accounted for 43% of the $662,905 increase in revenue in the second quarter of 2007 compared to the same period in 2006.

For the six months ended June 30, 2007, revenue in China was $12.3 million, a decrease of 5.3% compared to the first half of 2006. Management believes that sales to China have been negatively impacted by the following factors:

    -- continued consumer uncertainty in China regarding the impact of
      recently enacted direct selling regulations and uncertainty regarding
      the timing of the direct selling license application process and
      approval; and

   -- increased government and media scrutiny on the direct selling industry,
      particularly following last year's publication of the new direct
      selling regulations.

The application of Tianshi Engineering for a direct selling license in China is still pending.

For the second quarter of 2007, international revenue was $9.2 million, a decrease of 6.5% compared to the same period in 2006. The decrease was primarily due to a decrease in sales in Africa. For the six months ended June 30, 2007, international revenue was $18.2 million, an increase of 1.3% compared to the same period in 2006.

Other Highlights

Cost of sales for the second quarter of 2007 increased to $4.5 million, or 15.9%, compared to $3.8 million for the comparable period in 2006. This increase was primarily due to an increase in the strength of the renminbi against the dollar. Cost of sales for the six months ended June 30, 2007 was $8.9 million, compared to $8.6 million for the same period in 2006.

Gross profit for the second quarter of 2007 was $9.9 million compared to $10.5 million for the same period in 2006. The gross profit margin for the second quarter of 2007 was 68.9%, compared to 73.1% for the same period in 2006. Gross profit for the six months ended June 30, 2007 was $21.7 million, compared to $22.4 million for the same period in 2006. The gross profit margin for the six months ended June 30, 2007 was 70.9%, compared to 72.1% for the same period in 2006.

Selling, general and administrative expenses remained flat at $3.3 million for the second quarter of 2007. Increases in salary and depreciation expenses were offset by a decrease in research in development expenses. The selling, general and administrative expenses as a percentage of sales was 23.2% for the second quarter of 2007 compared to 22.9% for the same period in 2006. Selling, general and administrative expenses was $6.6 million for the six months ended June 30, 2007, compared to $5.8 million for the same period in 2006, an increase of 12.2%. The increase was primarily due to an increase in salary and depreciation expenses. The selling and administrative expense as a percentage of sales was 21.4% for the six months ended June 30, 2007 compared to 18.8% for the same period in 2006.

Tiens continues to strive to expand its market share in China through the branches, chain stores, and Chinese affiliated companies of Tianshi Engineering. To enhance its position in this competitive market, Tianshi Engineering continues to increase its marketing activities in China, including opening additional branches across China, developing a nation-wide advertising campaign, encouraging media coverage and strengthening the Tiens brand.

As of June 30 2007, Tiens had $107.0 million of retained earnings and total shareholders' equity of $134.4 million.

Jinyuan Li, Chairman, President and CEO of Tiens, said, ''Tiens generated an increase in domestic revenue in the second quarter while maintaining consistent overall revenue despite the challenging direct selling regulatory environment in China. In addition, Tiens generated an increase in net results compared to the first quarter of 2007. We are committed to achieving future growth and enhanced shareholder value and remain positive in our long-term outlook for the Company.''

For more information please visit:http://www.money.cnn.com/news/newsfeeds/articles/prnewswire/CNTU00114082007-1.htm

New biz model paving the way to success

By Xiao Wang(China Daily)
Updated: 2006-11-03 07:01

Tiens Group, a China-based global consumer product and service company, will pour huge investment into establishing up to 1,000 direct-selling supermarkets around the world by 2009, to sell its flagship products to further cement its global business foothold.

The fledgling African market will occupy a crucial position in Tiens' gigantic expansion plan, sources from the group announced, prior to the Forum on China-Africa Co-operation being held in Beijing from November 1 to 6.

"We aim to implement a new approach to further drive our business forward globally. Backed by our worldwide customer pool, we will channel substantial daily consumer products and services through us and our global partners to make one-stop shopping possible," Li Jinyuan, chairman of Tiens Group, revealed to China Daily.

"Emerging and promising markets, such as Africa, Southeast Asia, Eastern Europe and Latin America, will play an important role in our ambitious global expansion plan," Li added.

The actual investment for the 1,000 direct-selling supermarkets amounts to hundreds of millions of US dollars, and dozens of new supermarkets will be established in Africa, according to the Tiens chairman.

"We attach great importance to the African market. Currently, we have branches in about 30 African countries. The figure will be expanded to 40 next year," Li elaborated.

According to Tiens' plan, to set up 1,000 direct-selling outlets is expected to differentiate the company's strategy from its global competitors'.

"It is a gigantic project, which will give us a competitive edge. In fact, we believe we will outpace our competitors by adopting such a business model," Li highlighted.

The first such supermarket is to be built in Tianjin municipality, where Tiens' China manufacturing facility is located.

Products available in Tiens' future supermarkets will include Tiens' traditional healthcare products, daily consumer commodities, small medical care equipment and products and services of the firm's global partners.

"Besides traditional products from us and our global partners, we will even try to provide value-added tourism and financial products and services in our future supermarkets. Because of our huge consumer pool, service providers, such as financial institutes and tourism agents are enthusiastic about co-operating with us on our supermarket project," Li introduced.

Int'l partners

Besides manufacturing products, Tiens also looks for high-end global suppliers to share its new business model with. Tiens' partners come not only from China but from around the world. Among them, many are global giants scattered in various business segments.

Multinationals such as L'Oreal, Pfizer Pharmaceuticals and Shiseido have hammered out long-term partnerships with Tiens, serving as high-end original equipment manufacturers (OEM) and original design manufacturers (ODM) for Tiens.

"It is true that it is not cheap to find partners at that level. However, by co-operating with these high-end global OEM and ODM partners, we can guarantee the quality of our brand products and our brand value will be enhanced. Brand power is the most important asset in our philosophy," Li explained.

In return, OEM and ODM suppliers of Tiens can benefit from such partnerships because of Tiens' extensive global sales networks and large customer pool.

"We can have our brand power boosted, while our partners can sell products they made through our business channels. It is actually a win-win situation," Li said.

More importantly, by doing that, extra expenses and risks such as tariffs, anti-dumping charges, foreign exchange costs and transportation costs will be avoided, Li emphasized.

"This is exactly what we expect from our new business model," Li added. Tiens adopted the strategy of finding high-end global OEM and ODM partners from 2001, when many privately owned Chinese enterprises were still enthusiastic about and satisfied with serving as OEM suppliers for multinationals.

Profile

Founded in 1995, Tiens Group has grown into a global enterprise with business operations in more than 190 countries and regions, with a customer pool of over 10 million.

Since its foundation, Tiens has managed to maintain a fast but steady growth with its anchor business concentrating on the advanced biotechnology industry.

The group has successfully developed more than 1,000 products, which are based on advanced biotechnologies, in-depth research of Chinese traditional medicine and the Chinese philosophy of healthcare. The group is also involved in financing, real estate development, education, cultural exchanges and modern logistics.

The group marched into the international arena in early 1998, with an internationalized paradigm catering to its own development. So far, there are 50,000 franchised outlets around the world selling its products, and the group has set up branches in 104 countries and regions.

(China Daily )