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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme

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To: Jeffrey_J who wrote (5948)	6/27/1998 8:23:00 AM
From: Alan Lions	Read Replies (1) of 8798

TNRG NEWS>>>> Tianrong Building Material Holdings, Ltd. Announces Cancellation of 3.9 Million Shares Of Outstanding Stock NEW YORK (June 26) BUSINESS WIRE -June 26, 1998--Tianrong Building Material Holdings, Ltd. (OTC BB:TNRG) announced today that it has cancelled 3,999,328 shares of previously issued Tianrong stock. Tianrong stated that the cancellation of this stock is in addition to the previously announced cancellations earlier this year. TNRG president James Tilton commented, "We continue to focus on all avenues possible to increase shareholder value, including the cancellation of previously issued stock." 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 on Tianrong, please contact James Tilton at 212/398-7833. -0- slt/sf* ahc/sf CONTACT: Tianrong James Tilton, 212/398-7833 KEYWORD: NEW YORK INDUSTRY KEYWORD: BANKING Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com

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