TNRG/TIPS NEWS
Tuesday June 29, 11:00 am Eastern Time
Company Press Release
SOURCE: Tianrong Building Material Holdings, Ltd.
Tianrong Updates Dividend Plan; Major Developments with Internet Shopping Mall
NEW YORK, June 29 /PRNewswire/ -- Tianrong Building Material Holdings, Ltd. (OTC Bulletin Board: TNRG - news) has concluded that confusion exists with regard to its previously announced stock dividend of one share of Tianrong Internet Products and Services, Inc. (OTC Bulletin Board: TIPS - news) for every four shares of TNRG common stock owned. Purchasers of TNRG common stock prior to the Ex-Dividend date will receive the dividend as long as they are a shareholder of TNRG on the Ex-Dividend date. Sellers of TNRG common stock prior to the Ex-Dividend date will not receive the dividend. The Ex-Dividend date is set by the NASD once a REGISTRATION STATEMENT for the TIPS stock has been declared effective by the United States Securities and Exchange Commission.
Major Developments with Internet Shopping Mall - aaamall.net
In other news, TNRG announced that its Internet shopping mall, AAAMALL.NET, aaamall.net, is launching an aggressive campaign of affiliate programs with major online retailers nationwide. These programs are designed to promote revenue, broaden product range and drive traffic to the site, thus establishing themselves as a viable source for online business.
AAAMALL.NET's sophisticated technology, innovative merchant services, and extensive distribution channels are designed to help companies effectively conduct business online.
AAAMALL.NET offers complete turnkey solutions for selling products online. Whether building an entire e-commerce enabled storefront or simply adding a single e-commerce element for an existing mainframe, AAAMALL.NET has the tools to fit any merchant's needs. ll AAAMALL.NET services operate on a scalable global e-commerce platform that continually redefines online business and commerce today. AAMALL.NET's ultimate goal is to make buying and selling on the internet a pleasant experience for all.
James Tilton, president of TNRG stated: ''I am extremely pleased that purchasers of TNRG common stock will still be able to receive TIPS dividends. We are in the process of completing our financial statements and hope to file the Registration Statement for the TIPS stock as soon as possible. I encourage all TNRG and TIPS shareholders to closely follow AAAMALL.NET throughout the summer for further exciting developments.''
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 contact investor relations at 800-641-5844 or visit 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, Ltd.
Tuesday June 29, 11:00 am Eastern Time
Company Press Release
SOURCE: Tianrong Building Material Holdings, Ltd.
Tianrong Updates Dividend Plan; Major Developments with Internet Shopping Mall
NEW YORK, June 29 /PRNewswire/ -- Tianrong Building Material Holdings, Ltd. (OTC Bulletin Board: TNRG - news) has concluded that confusion exists with regard to its previously announced stock dividend of one share of Tianrong Internet Products and Services, Inc. (OTC Bulletin Board: TIPS - news) for every four shares of TNRG common stock owned. Purchasers of TNRG common stock prior to the Ex-Dividend date will receive the dividend as long as they are a shareholder of TNRG on the Ex-Dividend date. Sellers of TNRG common stock prior to the Ex-Dividend date will not receive the dividend. The Ex-Dividend date is set by the NASD once a REGISTRATION STATEMENT for the TIPS stock has been declared effective by the United States Securities and Exchange Commission.
Major Developments with Internet Shopping Mall - aaamall.net
In other news, TNRG announced that its Internet shopping mall, AAAMALL.NET, aaamall.net, is launching an aggressive campaign of affiliate programs with major online retailers nationwide. These programs are designed to promote revenue, broaden product range and drive traffic to the site, thus establishing themselves as a viable source for online business.
AAAMALL.NET's sophisticated technology, innovative merchant services, and extensive distribution channels are designed to help companies effectively conduct business online.
AAAMALL.NET offers complete turnkey solutions for selling products online. Whether building an entire e-commerce enabled storefront or simply adding a single e-commerce element for an existing mainframe, AAAMALL.NET has the tools to fit any merchant's needs. ll AAAMALL.NET services operate on a scalable global e-commerce platform that continually redefines online business and commerce today. AAMALL.NET's ultimate goal is to make buying and selling on the internet a pleasant experience for all.
James Tilton, president of TNRG stated: ''I am extremely pleased that purchasers of TNRG common stock will still be able to receive TIPS dividends. We are in the process of completing our financial statements and hope to file the Registration Statement for the TIPS stock as soon as possible. I encourage all TNRG and TIPS shareholders to closely follow AAAMALL.NET throughout the summer for further exciting developments.''
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 contact investor relations at 800-641-5844 or visit 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, Ltd.
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