TIPS NEWS!!
Tianrong Internet Acquires Chinamalls.com
NEW YORK, July 20 /PRNewswire/ -- Tianrong Internet Products and Services, Inc. (OTC Bulletin Board: TIPS - news) announced today that it has acquired Chinamalls.com (http://www.chinamalls.com). The site has over 2,700 items for sale in 16 different categories. Shoppers can view the site in either English or Chinese. There is no special software required to download the Chinese written language listings.
Other features of the site include a search engine for the web site that can be accessed in both English and Chinese, a frequent shopper program for members of the site and a message board where buyers and sellers exchange information. In addition the web site offers affiliate, merchant and reseller programs, which become effective immediately through the sites online sign up feature. TIPS acquired the web site through the purchase of ChinaMalls Inc. TIPS also reports that current ChinaMalls management will continue to oversee the day to day operations of the site.
James Tilton, president of TIPS stated, ''It is obvious that we have been targeting the Chinese internet market for some time. The acquisition of ChinaMalls puts us ahead of our original schedule in marketing to the Chinese speaking internet market and an equally significant one marketing Chinese goods to the English speaking internet community. This acquisition is an important step in furthering our plans to do both. I am truly excited about this acquisition and wholeheartedly urge all to visit the site at chinamalls.com so that they can see for themselves the opportunity that is now before us and is now a part of TIPS.''
Tianrong Internet Products and Services, Inc. is a U.S. holding company whose strategy is the acquisition of domestic and international internet service providers and related companies.
For further information contact investor relations at 800-641-5844 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 Building Material Holdings to accomplish its stated plan of business. 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.
SOURCE: Tianrong Internet Products and Services
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