Gourmet's Choice Coffee Co. - GMCH Message Board

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Microcap & Penny Stocks : Gourmet's Choice Coffee Co. - GMCH

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To: Lance who wrote (66)	1/11/1999 12:15:00 PM
From: CAPT.DAN	Read Replies (1) of 2161

To all, This is another on of Tilton's companies. How can a company with 40mil. O/S and doing this kind of business with a profit be trading and these levels? ATTENTION TNRG VERY GOOD NEWS OUT.READ .(COMTEX) B: TIANRONG ANNOUNCES RESULTS FROM CHINESE SUBSIDIARY B: TIANRONG ANNOUNCES RESULTS FROM CHINESE SUBSIDIARY SAN FRANCISCO, Jan. 11 /PRNewswire/ -- Tianrong Building Material Holdings, Ltd. (OTC Bulletin Board: TNRG) today announced results for the first ten months of 1998 from its Chinese subsidiary, Chongqing Dazheng Emporium Co. Ltd. Chongqing reported gross sales of $135 million for the first ten months of 1998 and a net after-tax profit of $2.8 million. TNRG also reported audited results from Chongqing for the full year 1997. Gross sales for 1997 were $144 million and net after-tax profits were $3.4 million. Full audited 1996 and 1997 financials along with the ten month results for 1998 will be available by the end of the week at the company's website www.tnrg.com. Chongqing's major asset is a retail mall in the province of Szechuan, China. Tianrong owns an 80% stake in Chongqing. James Tilton, president of Tianrong stated, "We are extremely pleased with the results from Chongqing. As we have stated in the past, we continue to view the Chinese market as one of strong future growth. We believe our investment in Chongqing will allow us to participate in this future growth." 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. It has announced that some of its acquisitions will be spun-off in part to Tianrong shareholders via stock dividends.

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