TIPS, TNRG news:
Thursday March 30, 9:23 am Eastern Time
Company Press Release
SOURCE: Tianrong Building Material Holdings, Ltd.
TNRG Subsidiary Announces Grand
Opening of Phonecalls.com, Online
Telecommunications Carrier
NEW YORK, March 30 /PRNewswire/ -- Tianrong Building Material Holdings, Ltd, (OTC Bulletin Board: TNRG -
news) announced today that its subsidiary, Tianrong Internet Products and Services, Inc. (OTC Bulletin Board: TIPS -
news) has launched Phonecalls.com (http://www.phonecalls.com). Phonecalls.com uses its Internet Telephony Global
Network as a backbone to offer customers a full range of personalized, web based, communications services. These
services include pre-paid phone cards, global access calling cards (Roaming card), PC-to-phone, unified messaging and
more -- all accessible from the Company's Communications Portal.
Phonecalls.com's website is a communications portal and operates a managed network, instead of relying on the public
Internet, Phonecalls.com is able to maintain the quality of service by operating over a network of privately leased and
owned lines. The technical staff is committed to using the most advanced technology in the industry. The Company's
technology partners are world leaders in their fields, and they still rely on Phonecalls.com technicians to test and revise
their products. These partners include Wherever.net, Quintum.com, Savecom.net, Linkmax.com, 3jet.com and
CCTT.com.
Phonecalls.com will offer to consumers the opportunity to purchase on-line, prepaid phonecards with instant PIN #s.
This will allow customers to use the prepaid phonecards at the time of purchase. The Company will offer low priced and
quality service throughout the World by using both Internet and telecommunication technology. The goal of
Phonecalls.com is to become one of the largest Internet Telephony Service Providers (ITSP) in the Chinese and Asian
markets.
In the year 1999, global Internet Telephony services revenues were approximately $100 million, whereas the total global
telecom access market was $100 billion. Internet Telephony revenues are expected to grow over 150% a year until 2003
according to the most conservative industry estimates.
James Tilton, President of TNRG stated, ``I urge all of our shareholders to visit Phonecalls.com, so they can see for
themselves what we have accomplished. In addition, visitors to the site will have the opportunity to purchase some of
the lowest priced phone services available today.'
Tianrong is a business development company that intends to engage in the acquisition of businesses across several
sectors and, through the application of its management expertise, to enhance shareholder value.
For further information contact investor relations at 800-324-3464 or visit tnrg.com .
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. Tianrong Building Material 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.
SOURCE: Tianrong Building Material Holdings, Ltd. |
