TNRG news:NEW YORK, April 26 /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) thru Phonecalls.com, Inc. (http://www.phonecalls.com), has signed an agreement with Excelnet Communications Technology Inc. (http://www.evont.com) Under the terms of the agreement Phonecalls.com will market Excelnet's iFone G2 products and provide global termination service from its facility at 60 Hudson St., New York City.
Phonecalls.com will now be able to provide a Termination Gateway for worldwide personal and business communication, in order to deliver a total telecommunications solution. The partnership with Excelnet will enable the Company to route calls to over 200 countries and offer its customers up to a 95% savings on all long distance calls.
Excelnet Communications is a leading provider of ITSP, Internet Telephony Services and Products. Excelnet develops and manufactures a full-line of cost-saving and easy-to-use iFone G2 products that deliver the voice over Internet Protocol (VoIP) for worldwide personal and business communications.
James Tilton, President of TNRG stated, ``At Phonecalls.com, our goal is to continue to build our infrastructure and this partnership with Excelnet is another step in that direction.''
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.
-------------------------------------------------------------------------------- |
