TNRG NEWS!!
Tianrong Updates Electrocardiogram Project
NEW YORK, Sept. 1 /PRNewswire/ -- Tianrong Building Material Holdings, Ltd. (OTC Bulletin Board: TNRG) announced today that its shareholders and other interested parties can follow the status of the recent filing with the FDA for its personal computer based electrocardiogram monitor, by visiting the FDA website fda.gov . The device, formally known to the FDA as the PE 501 PC-ECG MONITOR, recently filed its premarket notification 510 (K) application. A manufacturer must file this application at least 90 days before the distribution of the medical device in the U.S. market.
The application was filed with the FDA by NHE Corporation (also known as Night Hawk Entertainment Corporation), a 95% owned subsidiary of TNRG. The official FDA 510 (K) number is k992584. The most recent correspondence to NHE from the FDA can be viewed by visiting tnrg.com .
This battery powered PC-ECG monitor will provide a reliable means to acquire, display, store and print patients' ECG signals through a personal computer. The ECG signals can also be transferred to remote computers by floppy disk or E-mail. It is suited to store a record of a patient's infrequent and elusive ECG events and for general monitoring purposes. The collected data can be used to aid physicians in their diagnosis and treatment of cardiovascular diseases. according to the Department of Health & Human Services, cardiovascular diseases (CVD) are the leading cause of death and illness in the United States. Fifty-eight million Americans suffer from one or more types of CVD. The estimated cost of CVD in 1998 in the U.S. alone was $274 billion.
In other related news, TNRG also announced that prior to its recent FDA filing, it had reduced the size of its electrocardiogram monitor by approximately 50%, or roughly half the size of a cigar box. James Tilton, president of TNRG stated: "We are pleased that we are able to keep our shareholders informed and updated, with the help of the FDA as to the status of our electrocardiogram project."
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.
For further information contact investor relations at 212-398-7833 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 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 Building Material Holdings, Ltd.
CO: Tianrong Building Material Holdings, Ltd.
ST: New York
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