To: scouser who wrote (24779 ) 2/3/2000 3:22:00 PM From: SSP Read Replies (1) | Respond to of 150070
TNRG - NEW YORK, Feb. 3 /PRNewswire/ -- Tianrong Building Material Holdings, Ltd, (OTC Bulletin Board: TNRG) announced today its plans to launch a health and medical E-Commerce website. The website will focus on many of today's health related issues, as well as, providing information to those with medically related questions and problems. In addition, the website will have a state-of- the-art E-Commerce function, where consumers can purchase some of today's most popular health and medical products. TNRG also announced that this health and medical website will be a part of TNRG's Medical Division along with the recently FDA approved personal computer based electrocardiogram monitor known as "The Tracker." All TNRG shareholders as of the 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 extremely pleased that coming on the heels of our eagerly awaited FDA approval we will now be able to include a state-of-the-art health and medical website in our Medical Division. I hope that this will provide even more of an incentive for all TNRG shareholders to participate in the upcoming 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. 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 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. -0- 02/03/2000 /CONTACT: Tianrong Investor Relations, 800-324-3464/ /Web site: tnrg.com (TNRG)