TNRG Enters the World of Telephony
NEW YORK, Nov. 3 /PRNewswire/ -- Tianrong Building Material Holdings, Ltd,
(OTC Bulletin Board: TNRG) announced today that it has entered the telephony
industry, through its subsidiaries, Tianrong Internet Products and Services,
Inc. (OTC Bulletin Board: TIPS) and Chinamalls.com
(http://www.chinamalls.com). Chinamalls.com has signed an agreement with
Abest Communication, Inc. ("Abest") to be Abest's exclusive online
distributor of prepaid phone cards for the Asian community.
Abest is a leading player in the prepaid phone card market for the Chinese
community in the United States and presently, Abest has 20% of the market
share. Abest deploys VOI (Voice Over Internet) technology and provides
quality customer service at very competitive prices.
Chinamalls.com is a leading e-commerce website for Chinese products, which is
accessible in both Chinese and English.
James Tilton, president of TNRG stated that, "with the size of the Chinese
calling card market at approximately 120 million dollars annually and growing
rapidly, we felt this was the perfect opportunity for TNRG and Chinamalls.com
to enter the telephony market. Our online sales of prepaid phone cards are
increasing everyday and we are extremely excited about the Company's future
in the industry."
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.
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 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 Tiarong Building Material Holdings, Ltd.
CO: Tiarong Building Material Holdings, Ltd.
ST: New York |
