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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (1112)	3/19/1998 10:40:00 PM
From: rharris	Read Replies (1) \| Respond to of 34592

For those following TNRG - (Joe - by the way, mucho thanks for today's pick ACNTF - a good winner to add to your list - you know how to pick 'em....) Richard Tianrong Building Material Holdings, Ltd. Increases Stake In Nighthawk Entertainment Corp.; Launches "Sea Eye" Project NEW YORK, March 19 /PRNewswire/ -- Tianrong Building Material Holdings, Ltd. (OTC Bulletin Board: TNRG - news) announced today that it has increased its stake in Nighthawk Entertainment Corp. by buying an additional 30% of the shares outstanding. This brings the total number of shares owned by Tianrong to approximately 96%. Tianrong further announced that it has approved Nighthawk's proposal to begin project development of the ''Sea Eye'' project. The Sea Eye project uses the neural network inversion theory and the 3D finite element method to detect moving bodies in the seas and oceans. In addition to Nighthawk's research team, several scientists from Columbia University will be attending the Sea Eye project. The company has had several meetings with the United States Navy regarding this project and also anticipates applications within the oil industry. Tianrong President James Tilton stated, ''The announcement of the Sea Eye project is one obvious reason why we have aggressively pursued the acquisition of Nighthawk shares. We anticipate further developments with other Nighthawk projects in the near future.'' 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.