(PR NEWSWIRE) TIPS China ISP Wordtech Forms Partnership With China Nationa
TIPS China ISP Wordtech Forms Partnership With China National Commodity
Exchange Center
NEW YORK, Jan. 12 /PRNewswire/ -- Tianrong Internet Products and Services,
Inc. (OTC Bulletin Board: TIPS) announced today that its Mainland China-based
internet service provider and E-Commerce developer, Chongqing Word Technology
Co., Ltd., (http://www.wordtech.com.cn) has formed a partnership with the
China National Commodity Exchange Center (CCEC). CCEC is a state owned
enterprise, which was founded in 1997. CCEC has more than 100,000 Mainland
China business members. By the year 2001 the transaction volume at CCEC is
expected to surpass 20 billion U.S. dollars, according to CCEC's estimate.
CCEC anticipates 80% of this transaction volume to be generated via E-
Commerce. Wordtech, according to the partnership with CCEC, will be
responsible for creating websites and developing E-Commerce programs for many
of CCEC's over 100,000 business members.
In related news, Wordtech recently announced that it added 8,000 new
customers in the month of December. These 8,000 customers, all Mainland China
merchants, will join the over 40,000 business which are already clients of
Wordtech and its recently launched E-Commerce website, Cqe.com.cn
(http://www.cqe.com.cn). Cqe.com.cn, also based in the city of Chongqing,
People's Republic of China, will be the host and home for Wordtech's Mainland
China merchant customers. Wordtech is already well established in its
previously announced E-Commerce initiative of creating websites for many of
its existing clients.
TIPS owns four Internet related companies. A-Web Internet Services
(http://www.aweb.com ), established in 1995, is a leading Internet service
provider in New York City. A-Web provides a wide range of Internet access and
services, including dedicated ISDN lines and high-speed digital T1 lines.
AAAMALL.net, Inc. (http://www.aaamall.net) is an online shopping site
featuring many of the nation's leading retailers and thousands of products.
The site offers one-stop shopping for its on-line consumers. AAAMALL.net is
undergoing a major upgrade and expansion program. Chinamalls.com, Inc.
(http://www.chinamalls.com) has over 2,700 items for sale in 16 different
categories. Shoppers can view the Chinamalls 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 presently has over forty-eight thousand (48,000)
Mainland China merchants as customers.
James Tilton, President of TIPS stated, "I could not be more pleased with
this strategic alliance we have formed with CCEC. I am certain that they will
be both a powerful and valuable partner in the coming years."
For further information 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.
-0- 01/12/2000
/CONTACT: Investor Relations of Tianrong Internet Products and Services,
Inc., 800-324-3464/
/Web site: tipsstock.com
(TIPS)
CO: Tianrong Internet Products and Services, Inc.; Chongqing Word Technology
Co., Ltd.; China National Commodity Exchange Center
ST: China, New York
IN: MLM FIN
SU:
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