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To: Awiseone who wrote (5714)	3/18/1998 5:11:00 PM
From: Frank Fontaine	Respond to of 8835

-------------------------------------------------------------------------------- Tianrong Building Material Holdings, Ltd. Announces Cancellation of 2.5 Million Shares of Outstanding Stock PR Newswire - March 18, 1998 15:25 TNRG %CST V%PRN P%PRN -------------------------------------------------------------------------------- NEW YORK, March 18 /PRNewswire/ -- Tianrong Building Material Holdings, Ltd. (OTC Bulletin Board: TNRG) announced today that it has canceled 2.5 million shares of previously issued Tianrong stock. According to Tianrong the cancellation of this stock will reduce the total number of shares of Tianrong outstanding by approximately 10% and reduce the float by approximately 25%. 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. It is anticipated that on a long-term basis some of its acquisitions may be spun-off to Tianrong shareholders via stock dividends. SOURCE Tianrong Building Material Holdings, Ltd. /CONTACT: James Tilton of Tianrong Building Material Holdings, Ltd., 212-398-7833/ (TNRG)

To: Awiseone who wrote (5714)	3/18/1998 5:13:00 PM
From: rharris	Read Replies (1) \| Respond to of 8835

TNRG cancels 25% of the float (my figures are closer to 32%). Reuters, Dow Jones and PRNewswire picked it up....(I hear more to follow after this)... Wednesday March 18, 4:38 pm Eastern Time Tianrong says it cancels 2.5 mln shrs NEW YORK, March 18 (Reuters) - Tianrong Building Material Holdings Ltd Wednesday said it canceled 2.5 million shares of its previously issued stock, cutting outstanding shares by a tenth and public float by a quarter. The company would not discuss who owned the shares that were taken out of circulation. The stock traded at 0.085 Wednesday afternoon. Tianrong said its goal is to acquire companies in numerous industries and quickly grow value. ''It is anticipated that on a long-term basis some of its acquisitions may be spun-off to Tianrong shareholders via stock More Quotes and News: Tianrong Building Material Holdings Ltd (OTC BB:TNRG - news) Related News Categories: US Market News

To: Awiseone who wrote (5714)	3/18/1998 5:22:00 PM
From: John D. Morrison	Respond to of 8835

Some interesting links which mention HDST, both positive and negative: sph.emory.edu sph.emory.edu bhsi.org bhsi.org nibbl.com police-security.com nsgachicagoshow.com topstocks.com

To: Awiseone who wrote (5714)	3/18/1998 5:40:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 8835

Well HDST Mike is doing this one. 33m Float aprx. (waiting for company to define itself) TNRG I like a lot and bought more today. This looks like a true sleeper. (Just getting started) love those share reductions though AVBC I am not selling company just defined its self. (.195 Trple out) Just getting started IMO DGIV is doing excellent from .375 - Over a buck. (Triple out) do be do be dooo GABard

To: Awiseone who wrote (5714)	3/18/1998 7:40:00 PM
From: Jim B	Respond to of 8835

"how good is it for long term value"... anytime a copmany cancels or retires or buys back shares out of the float it will always help stock holder value.. you now take what the company is worth on paper and divide it by a smaller number of shares and voila the book value has just increasesd. this does not guarantee a rise in actual market price but if you understand the laws of supply and demand it should make sense to you... it must have been important enough or RUETERS would not have carried it imo. so I'm in TNRG needless to say and you all do what you feel is in your own interests... mine are here jim