TIPS NEWS !!
TIPS Phonecalls.com to Submit Formal Application to FCC to Become Telecommunications Carrier
NEW YORK, Feb. 24 /PRNewswire/ -- Tianrong Internet Products and Services, Inc. (OTC Bulletin Board: TIPS - news) announced today that its wholly owned subsidiary, Phonecalls.com, Inc., (phonecalls.com) will file a formal application with the Federal Communications Commission (FCC), in order to become a licensed telecommunications carrier. The Company expects the application to be effective within the next 45 days.
Phonecalls.com will file its application with the FCC under Section 214 of the Communications Act. Under this license, the Company will be authorized to a) transfer control of/or assign the authorization of a carrier; b) to be a facilities-based carrier; and/or c) to resell the switched services of other common carriers to provide International switched telecommunications services between the Untied States and International points; and/or d) to resell the private line services of other common carriers to provide: (i) non-interconnected International private line services between the United States and International points; and/or (ii) switched services over private lines; or (2) under Section 310 (b) (4) of the Communications Act, to exceed the twenty five percent foreign ownership benchmark.
James Tilton, President of TIPS stated, ``With this FCC license, Phonecalls.com will not only be an Internet Telephony Services Provider, but now a full full-fledged International Telecommunications Carrier.
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 on TIPS 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.
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