(PR NEWSWIRE) TIPS Chinamalls.com Signs Agreement With Internet Credit Networ
TIPS Chinamalls.com Signs Agreement With Internet Credit Network
NEW YORK, Jan. 26 /PRNewswire/ -- Tianrong Internet Products and Services,
Inc. (OTC Bulletin Board: TIPS) announced today that its wholly owned
subsidiary Chinamalls.com, Inc. (http://www.chinamalls.com), has signed an
agreement with Internet Credit Network (ICN) (http://www.creditnet.com) to use
ICN's secured credit card authorization and transactional processing services
on the Chinamalls.com servers.
ICN is a leading player in the E-Commerce backend services market.
Chinamalls will integrate ICN's market-leading payment technology with its own
E-Commerce system. ICN will also provide Chinamalls' merchants, affiliates
and resellers secured and reliable systems to process online orders.
James Tilton, President of TIPS stated, "With this technology at our
special calling card shop, we can achieve credit card transactions in real-
time and automatically. The implementation of this technology reduces the
working load at the backend and secures the long term growth of
Chinamalls.com."
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 Technology 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.
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
-0- 01/26/2000
/CONTACT: Tianrong Internet Products and Services Investor Relations,
800-324-3464/
/Web site: tipsstock.com
chinamalls.com
(TIPS)
CO: Tianrong Internet Products and Services; Chinamalls.com, Inc.; Internet
Credit Network
ST: New York
IN: REA MLM
SU:
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