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Microcap & Penny Stocks : TIPS Tianrong Internet Products & Services -- Ignore unavailable to you. Want to Upgrade?

To: T A P who wrote (197)	5/24/2000 11:57:00 AM
From: Moosie	1 Recommendation Read Replies (1) \| Respond to of 203

Wednesday May 24, 11:19 am Eastern Time Company Press Release SOURCE: Tianrong Internet Products and Services, Inc. TIPS Phonecalls.com Signs Agreement with Global Crossing NEW YORK, May 24 /PRNewswire/ -- Tianrong Internet Products and Services, Inc. (OTC Bulletin Board: TIPS - news) announced today that its wholly owned subsidiary, Phonecalls.com, Inc. (http://www.phonecalls.com) has signed an agreement with Global Crossing, Ltd. (Nasdaq: GBLX - news). Under the terms of the agreement, Global Crossing will provide Phonecalls.com select access to its global fiber optic network, enabling Phonecals.com to offer highly competitive calling rates to its customers. Global Crossing, Ltd., (http://www.globalcrossing.com) an S&P 500 and Nasdaq 100 company, is creating the world's first independent, global fiber optic network designed to provide telecommunications carriers and Internet service providers with a seamless network connecting more of the top cities for telecommunications traffic worldwide. James Tilton, President of TIPS stated, ``This agreement with Global Crossing is another major step in our goal to join forces with key players in the telecommunications industry.'' TIPS owns five Internet related companies. A-Web Internet Services (http://www.aweb.com) is a leading Internet Service Provider in New York City. Established in 1995, A-Web provides a whole range of Internet access and services, including dedicated ISDN lines and even higher speed digital T1 lines. AAAMALL.net, Inc. (http://www.aaamall.net) is an online shopping site, featuring the nation's leading retailers and thousands of products. Chinamalls.com, Inc. (http://www.chinamalls.com), a site with over 2,700 items for sale in 16 different categories. Shoppers can view the site in either English or Chinese. Chongqing Word Technology Co., Ltd. (http://www.wordtech.com.cn) is a mainland China based Internet service provider and e-commerce developer. Wordtech presently has over forty-eight thousand (48,000) mainland China merchants as customers. Phonecalls.com, Inc. (http://www.phonecalls.com) is a leading provider of integrated communication services. These services include internet, internet protocol and data applications, as well as long distance, local, and wireless telephone calling to customers nationwide. Phonecalls.com will offer to consumers the opportunity to purchase on-line, prepaid phone cards with instant PIN#s. This will allow customers to use the prepaid phonecards at the time of purchase. For further information on TIPS contact investor relations at 800-324-3464 or visit tipsstock.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 Internet Products and Services to accomplish its stated plan of business. Tianrong Internet Products and Services, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can 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 Internet Products and Services or any other person that the objectives and plans of Tianrong Internet Products and Services will be achieved.