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Tianrong Announces Internet Shopping Mall
SAN FRANCISCO, Jan. 25 /PRNewswire/ -- Tianrong Building Material Holdings (OTC Bulletin Board: TNRG) announced today that it is launching an internet shopping mall that will feature products which are sold at its Chinese shopping center subsidiary. The shopping center, located in the Province of Szechuan, is over 200,000 square feet and contains over 100 retail and wholesale stores. The shopping center grosses over $140 million in sales annually.
Through the internet shopping mall, Tianrong plans to make available to the world the products sold at the shopping center. The internet site will be both in English and Chinese. The internet site is expected to be completed by the end of March.
James Tilton president of TNRG stated, "The internet shopping mall will allow shoppers in the United States, China and around the world the opportunity to do something that was inconceivable before the internet age. Shoppers will actually be able to buy goods from the shopping center in Szechuan as though they were literally browsing through the stores, when in fact they can actually be in the comfort of their own home. We believe there are many unique and interesting products at the shopping center that will make the internet shopping mall a 'must' stop. We are currently completing a strategic marketing plan to aggressively promote the internet mall site. We have a number of things planned that will give our internet site significant exposure."
Tilton also noted that a part of the uniqueness of this site is that it will actually be aimed at two major markets: the United States market and the Chinese market. "We believe the uniqueness of some of the products and low prices will create strong demand for these products in the United States. However, there exists a second and equally impressive market, that being China itself. By simultaneously listing all products in Chinese at the internet mall, it will allow the Chinese throughout China to buy products without having to visit the mall in Szechuan."
For further information on Tianrong Building Material Holdings, contact James Tilton at 212-398-7833 or visit the website www.tnrg.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 Building Material Holdings to accomplish its stated plan of business. Tianrong Building Material Holdings believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and, therefore, there can be 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 Building Material Holdings or any other person that the objectives and plans of Tianrong Building Material Holdings will be achieved.
SOURCE Tianrong Building Material Holdings
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