TNRG newsTNRG Subsidary Receives FCC Approval For Phonecalls.com
Tue Apr 18 09:13:00 EDT 2000
NEW YORK, Apr 18, 2000 /PRNewswire via COMTEX/ -- Tianrong Internet Products
and Services, Inc. (OTC Bulletin Board: TIPS) announced today that its wholly
owned subsidiary, Phonecalls.com, Inc. (http://www.phonecalls.com) has received
approval from the Federal Communications Commission (FCC), to become a licensed
telecommunications carrier. The Company will now accelerate its plans to form
partnerships and strategic alliances with leading International
telecommunications companies worldwide.
TIPS owns five Internet-related companies. A-Web Internet Services
(http://www.aweb.com), established in 1995, is one of the leading Internet
Service Providers in New York City. A-Web provides a whole range of Internet
access and services, including dedicated ISDN lines and even higher speed
digital T1 lines. AAAMALL.net, Inc. (http://www.aaamall.net) is an online
shopping site, featuring the nation's leading retailers and thousands of
products. The Chinamalls.com, Inc. (http://www.chinamalls.com) site has over
2,700 items for sale in 16 different categories. Shoppers can view the site in
either English or Chinese. Chongqing Word Technologies Co., Ltd.,
(http://www.wordtech.com.cn) is a mainland China-based Internet Service Provider
and e-commerce developer. Chongqing Word Technology Co., Ltd. presently has over
forty thousand (48,000) mainland China merchants as customers. Phonecalls.com
(http://www.phonecalls.com), is a leading provider of integrated communication
services. These services include internet, internet protocol and data
applications, as well as long distance, local, and wireless telephone calling to
customers nationwide. Phonecalls.com will offer to consumers the opportunity to
purchase online, prepaid phone cards with instant PIN #s. This will allow
customers to use the prepaid phone cards at the time of purchase.
James Tilton, President of TIPS stated, "Now that Phonecalls.com is a licensed
International telecommunications carrier, we will aggressively seek more
agreements, like the one we recently signed with NEXTLINK Communications,
Inc.(Nasdaq: NXLK).
For further information on TIPS contact investor relations at 800-324-3464 or
visit tipsstock.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 Internet Products and Services to accomplish
its stated plan of business. Tianrong Internet Products and Services, Inc.
believes that the assumptions underlying the forward-looking statements
contained herein are reasonable, any of the assumptions could be inaccurate, and
therefore, there can 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 Internet Products and Services or any other person that the objectives
and plans of Tianrong Internet Products and Services will be achieved.
SOURCE Tianrong Internet Products and Services, Inc.
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