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Microcap & Penny Stocks : Research Fix-Corp Int'l (BB:FIXC). -- Ignore unavailable to you. Want to Upgrade?

To: rharris who wrote (1450)	3/18/1998 10:14:00 PM
From: hoffy	Read Replies (1) \| Respond to of 1845

Two news stories were released by TNRG today. The second was after the bell and seems very positive to me. Not too many small companies retire 25% of their float. This could be a very fast mover. Not many shares left in the float. ABout 7.5 million. Not many for a penny stock. I am in at 5/64. Looking for a run to .30 or .40 in the short term. in the long term back to 1 or higher. =================================================================Wednesday March 18, 10:00 am Eastern Time Company Press Release SOURCE: Tianrong Building Material Holdings, Ltd. Tianrong Building Material Holdings, Ltd. Announces Acquisition of Controlling Interest in Nighthawk Entertainment Corp. NEW YORK, March 18 /PRNewswire/ -- Tianrong Building Material Holdings, Ltd. (OTC Bulletin Board: TNRG - news) stated today that it has completed its previously announced negotiations to acquire controlling interest in Nighthawk Entertainment Corporation. Tianrong has purchased 66% of the outstanding shares of Nighthawk. Tianrong also stated that it anticipates it will further increase its stake in Nighthawk in the near future. Tianrong President James Tilton stated, ''The acquisition of a controlling interest in Nighthawk is the cornerstone that will define the operating strategy of Tianrong. We are looking for companies to acquire where we believe we can quickly grow value. The various technologies owned by Nighthawk are suited ideally for development under the aegis of Tianrong.'' Nighthawk owns the rights to a computerized personal electrocardiogram, a foot flexion device which aides in relief of deep venous thrombosis and a variety of other technologies. 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. ================================================================== 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