*******TNRG**********Tianrong Building Material Holdings, Ltd. Announces Plans to Enter the
CD-ROM Market With Off-Shoot From the Sea-Eye Project
NEW YORK--(BUSINESS WIRE)--July 10, 1998--Tianrong Building Material Holdings, Ltd. (OTC BB:TNRG - news)
announced today that it has decided to proceed with development of a CD-ROM based game that will be an off-shoot from
its Sea Eye defense technology project.
The Sea Eye defense technology project uses neural inversion theory and the 3D finite element method to detect moving
bodies in seas and oceans. The CD-ROM based game ''Sea Eye Ocean Search: Rescue and Destroy'' will use a number of
state-of-the-art technologies including virtual reality, neural network inversion, finite element modeling, 3D multimedia and
knowledge-based databases.
James Tilton, president of TNRG, stated: ''We continue to push our acquired subsidiaries to develop the technologies at their
disposal in every possible commercial manner. The CD-ROM game development project, Sea Eye Ocean Search, is a further
example of the responsiveness of our subsidiaries. The sales generated by such companies as EA Sports (NASDAQ:ERTS -
news) and Acclaim Entertainment (NASDAQ:AKLM - news) indicate the significant potential for CD-ROM based games
aimed at the male youth market.
''We are committed to making 'Sea Eye Ocean Search: Rescue and Destroy' fun, exciting, educational and action-packed. In
the opinion of the company, it will be a state-of-the-art game like none ever before.''
Tianrong is a business development company that has set as its goal the acquisition of businesses in numerous industries and
plans to apply Tianrong's management expertise to quickly grow value in the acquired businesses. Tianrong has announced
future stock dividends in three subsidiaries and on a long-term basis may elect to issue stock dividends in other subsidiaries.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe
harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including,
without limitation, the ability of Tianrong Building Material Holdings to accomplish its stated plan of business. Although
Tianrong Building Material Holdings believes that the assumptions underlying the forward-looking statements contained herein
are reasonable, any of the assumptions could be inaccurate, and, therefore, there can be no assurance that the forward-looking
statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by
Tianrong Building Material Holdings or any other person that the objectives and plans of Tianrong Building Material Holdings
will be achieved.
For further information on Tianrong, contact James Tilton at 212/398-7833.
Contact:
Tianrong Building Material Holdings, Ltd.
James Tilton, 212/398-7833
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