NEW YORK, July 10 /Xinhua-PRNewswire-Firstcall/ -- Tiens Biotech Group (USA), Inc. ("the Company" or "Tiens USA"), , www.tiens-bio.com, announced that Mr. Jinyuan Li, President of Tianshi Group and Chairman, President and CEO of Tiens USA attended the World Federation of Direct Selling Associations (WFDSA) CEO Council Meeting held in Munich, Germany in June 2006.
The meeting was attended by CEOs of leading multi-national direct selling companies including Amway Corporation, Avon Products and NuSkin Enterprises. Discussions focused on updated developments in global direct selling, European Direct Sales Federation reforms, laws and regulations in emerging markets, etc.
Chairman Li said, "I am honored to have participated in discussions with CEOs of industry leading companies and to serve as a member of the World Federation of Direct Selling Associations' CEO Council."
Tianshi Group, an affiliated entity of Tiens Biotech Group USA, is a Chinese domestic private company and the only WFDSA member company from Mainland China. Mr. Li is one of the few Chinese members of the WFDSA's CEO Council.
Founded in 1978, the World Federation of Direct Selling Associations (WFDSA), www.wfdsa.org, is a non-profit organization that represents the global direct selling industry and is comprised of more than 56 national direct selling associations and the Federation of European Direct Selling Associations (FEDSA). To date, direct sales accounts for over $100 billion globally and employs more than 57 million people.
About Tiens Biotech Group (USA), Inc., www.tiens-bio.com
Tiens Biotech Group (USA), Inc. conducts its main business operations through its 80% owned subsidiary Tianjin Tianshi Biological Development Co., Ltd. ("Biological"), which is based in Tianjin, China. Biological primarily engages in the research, development, manufacturing, and marketing of nutrition supplement products, including wellness products and dietary nutrition supplement products, and personal care products.
Tiens USA derives its revenues principally from product sales to affiliated companies in China and outside of China. Since its establishment, Biological has developed and produced 39 nutrition supplements, which include wellness products and dietary nutrition supplements. Biological has also developed and produced 25 personal care products, which include skin care products and personal washing products. Biological develops its products at its own product research and development center, which employs highly qualified professionals in the fields of pharmacology, biology, chemistry and fine chemistry. Biological has obtained all required certificates and approvals from government regulatory agencies to manufacture and sell its products in China.
In China, Biological conducts the marketing and sales of its products through its affiliated company, Tianjin Tianshi Biological Engineering Co., Ltd. ("Tianshi Engineering"), a company incorporated in China. Tianshi Engineering markets and sells Biological's products in China through chain stores, domestic affiliated companies, and its 106 branches. Outside of China, Biological sells its products through an extensive direct sales force, or multi-level marketing sales force of overseas affiliates, located in approximately 54 countries, and independent distributors who use the products themselves and/or resell them to other distributors or consumers. The direct sales marketing program is subject to governmental regulation in each of these countries.
Tiens Biotech Group (USA), Inc. is a corporation organized under the laws of the State of Delaware.
Tiens Biotech Group (USA), Inc.CONTACT: Investor Relations, Tiens Biotech Group (USA), Inc, Tel:+0086-22-8213-7594, or Fax: +0086-22-8213-7667, or investor@tiens-bio.com ;or Carl Hymans of G. S. Schwartz & Co., Tel: +1-212-725-4500, or Fax:+1-212-725-9188, or carlh@schwartz.com, for Tiens Biotech Group (USA), Inc.
