To: Tom Allinder who wrote (3594 ) 2/2/2000 1:58:00 PM From: LANCE B Read Replies (4) | Respond to of 4792
TNRG- DID YOU KNOW THAT YOU CAN BUY THE FDA APRROVAL DIVISION FOR .05 CENTS A SHARES....THATS RIGHT THE MEDICAL DIVISON IS DOING THE SPIN OFF FOR A NICKEL A SHARE.. COMTEX) B: TNRG MEDICAL DIVISION RIGHTS OFFERING SHARES TO BE FREELY B: TNRG MEDICAL DIVISION RIGHTS OFFERING SHARES TO BE FREELY TRADEABLE NEW YORK, Jan 28, 2000 /PRNewswire via COMTEX/ -- Tianrong Building Material Holdings, Ltd. (OTC Bulletin Board: TNRG) announced today that the shares issued in its Medical Division Rights Offering are to be freely tradeable. The Rights Offering will be pursuant to an exemption from registration provided by Regulation D, Rule 504 promulgated under the 1933 Securities Act, as amended. TNRG intends to register this Rights Offering in a state whose law requires public filing and delivery of disclosure documents before the sale of securities in such state. In this manner, the Company will, after registration in such state, deliver disclosure documents to all of its shareholders of record (excluding affiliates and controlling shareholders which includes management) as of March 31, 2000, and therefore, offer them freely tradeable shares. All TNRG shareholders as of record date of March 31, 2000 will receive one (1) right to purchase one (1) share of the common stock of TNRG's Medical Division for every four (4) shares of TNRG that they own for $0.05. Affiliates and controlling shareholders, which include management, shall not be eligible to participate in the Rights Offering. James Tilton, President of TNRG, stated, "I am sure that our shareholders join me in my excitement in the TNRG's Medical Division Rights Offering." Tianrong is a business development company that intends to engage in the acquisition of businesses across several sectors and, through the application of its management expertise, to enhance shareholder value. For further information contact investor relations at 800-324-3464 or visit tnrg.com This press release contains 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 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. (C) 2000 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: TNRG Investor Relations, 800-324-3464 WEB PAGE: http//www.tnrg.com GEOGRAPHY: New York INDUSTRY CODE: FIN HEA SUBJECT CODE: OFR OTC