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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: MikeD who wrote (22601)	12/28/1999 10:08:00 AM
From: hoffy	Read Replies (1) \| Respond to of 52051

ROWE is a great B2B pick. Getting some volume now and price movement. Could be a big winner.

To: MikeD who wrote (22601)	12/28/1999 10:51:00 AM
From: RCJIII	Read Replies (2) \| Respond to of 52051

BIG news from TNTU- (BSNS WIRE) Tengtu International Corp. Issues Letter to Shareholders Tengtu International Corp. Issues Letter to Shareholders Business Editors TORONTO--(BUSINESS WIRE)--Dec. 28, 1999--The following is the text of a letter to shareholders issued this morning by Tengtu International Corp. (OTC BB: TNTU) chairman & CEO Pak Cheung: Dear Fellow Shareholders: I am again pleased to report on the continuing progress that our company has been making in executing its business plan to become THE DOMINANT TOTAL SOLUTION SUPPLIER TO THE WORLD'S LARGEST EDUCATIONAL SOFTWARE MARKET. As the investment world now knows, success in China does not come overnight. In this totally new kind of entrepreneurial environment, success comes only from years of trial and error, building trust and confidence and finding the right partners in the right combinations at the right times. Tengtu International has certainly paid its dues; our patient efforts are now beginning to be rewarded as China struggles to make itself WTO-ready. TENGTU UNITED ELECTRONICS DEVELOPMENT CO., LTD. Our 57% owned joint venture with Chinese computer consortium Tengtu China is well on its way to becoming the dominant supplier of educational software to the K-12 market in the People's Republic of China. Tengtu United continues to work closely with the Chinese Ministries of Education and Information Technology and other controlling authorities to develop and implement a plan to modernize China's educational resources with information technology (IT). Tengtu United has begun installing IT solutions and curriculum software for the first group of 70,000 schools designated by the Chinese government for initial implementation in calendar 2000. The Chinese government is providing financing to local school systems to purchase mandated technology infrastructure improvements. So far, there has been NO MEANINGFUL COMPETITION FOR TENGTU'S POSITION IN THE CHINESE K-12 MARKET, AND WE DO NOT ANTICIPATE ANY IN THE FORESEEABLE FUTURE. TIC BEIJING ELECTRONICS CO., LTD. After two years of building a foundation in television post-production and animation services, our wholly owned entertainment subsidiary in Beijing is ready to move forward into live-action movie and television pre-production, co-production and distribution with Western partners. OUR ULTIMATE GOAL IS TO BUILD TIC BEIJING INTO THE "DISNEY OF CHINA." ICONIX INTERNATIONAL, INC. Our North American educational software subsidiary has partnered with Novell and Dell Computers on several projects. Its focus is now on increasing market share of the company's leading-edge UserNet(TM) family of products in Canada, the U.S., France, South Africa and China and further expanding its global market. Recognizing Iconix value, Capital Partners Fund I, a Canadian institutional investor, recently bought preferred shares in Iconix for C$1 million which, if fully converted, would amount to a 34% stake in Iconix, adjusting the Tengtu stake to 31%. GOING FORWARD Tengtu International firmly believes that electronic publishing presents an enormous opportunity for growth in China, and we will attempt to solidify our position as the GATEWAY TO AND FROM THE WEST FOR CHINA'S EMERGING ELECTRONIC PUBLISHING INDUSTRY. In fact, Tengtu China, our joint venture partner in Tengtu United, holds one of only seven electronic publishing licenses granted by the Chinese government -- AND THE ONLY ONE COVERING THE ELECTRONIC PUBLICATION OF EDUCATIONAL MATERIALS. Anticipated acquisition of the overseas rights of Tengtu China will enable us to import foreign educational and entertainment materials from the West for sale in China and to market Chinese electronic publishing materials worldwide to tens of millions of affluent overseas Chinese. Through its subsidiaries Tengtu United and Iconix, Tengtu International has been in active discussions with world-class computer hardware and software companies who have recognized our unique position and potential. Microsoft China is already under contract, and discussions are proceeding with Novell, Dell and others looking to create additional strategic alliances to strengthen our respective market positions in China, Canada and Hong Kong. We expect to update you on the results of these discussions on an ongoing basis. As we enter a new century, an unprecedented and exciting new era of global opportunity made realistic at last by technology, I thank our shareholders for their active interest. Many of you who purchased shares privately in 1996 have been staunch supporters of TNTU through its growing pains, as we restructured and refocused on our priceless asset and unique strength: access to the levers of power in China. The first fruits of public recognition are now visible: a significant rise in trading volume accompanied by enhanced market liquidity. Our accomplishments are obviously being noted and our achievements better appreciated. But Tengtu management -- substantial shareholders ourselves -- believes that the best is yet to come, on a scale that only China can offer in the new millennium. We cherish your loyal support and look forward to a great year for all of us in the Tengtu family. Sincerely yours, Pak Cheung Chairman & CEO This letter contains, within the meaning of the Private Securities and Litigation Reform Act of 1995, forward-looking statements that are based on management's beliefs and assumptions, current expectations, estimates and projections. Many of the factors that will determine Tengtu International's financial results are beyond the ability of Tengtu International to control or predict. These statements are subject to risks and uncertainties and therefore, actual results may differ materially. Tengtu International disclaims any obligation to update any forward-looking statements whether as a result of new information, future events, or otherwise. --30--sm/ny* CONTACT: Tengtu International Corp., Toronto Pak Cheung, Chairman & CEO (604) 438-9729 or Media Contact: Warren J. Cavior, The Cavior Organization (212) 687-6070 / caviorg@aol.com KEYWORD: INTERNATIONAL CANADA INDUSTRY KEYWORD: SOFTWARE EDUCATION ENTERTAINMENT PUBLISHING Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *