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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: ISOMAN who wrote (3149)	8/18/1998 11:21:00 PM
From: KZAP	Read Replies (2) \| Respond to of 9824

No need post it for me. I understand. If you find one though, I'll be sure an read it anyway. Never know when you may learn something. I understand normal shorting, happens on every stock many times a day usually. Naked shorting, I only hope they do away with it! KZAP

To: ISOMAN who wrote (3149)	8/19/1998 9:49:00 AM
From: O'Brien	Read Replies (2) \| Respond to of 9824

--------NEWS------------ NEW YORK--(BUSINESS WIRE)--Aug. 19, 1998--Tianrong Building Material Holdings, Ltd. (OTC BB: TNRG) announced today that Tianrong Sports will be the first of its previously announced three stock dividend payouts. In each case, Tianrong Sports, Tianrong Defense Technologies and Tianrong Medical Technologies, TNRG will spin-off 10% of publicly traded stock in the subsidiaries to shareholders of TNRG stock. TNRG is now in the process of proceeding to have Tianrong Sports fully audited so that proper submissions can be made to the Securities and Exchange Commission in preparation for the stock dividend. TNRG owns interests in a franchise of the United States Basketball League (USBL) and in the Cavalcade of Boxing. TNRG has determined that both the interests in the USBL franchise and in the Cavalcade of Boxing will be placed in Tianrong Sports. James Tilton, president of TNRG, stated: "It is always important for a company to follow through on its promises to shareholders, but it is particularly important for a young company with a new philosophy to do so. This is why I consider it a first line priority for TNRG to deliver on its goal of spinning-off a part of three separate divisions. It is important for our loyal shareholders. It is important for TNRG's credibility and it is important to help define the values within TNRG." 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. Although Tianrong Building Material Holdings 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. For further information on Tianrong, contact James Tilton at (212) 398-7833 or visit the website www.tnrg.com. --30--mi/sf* CONTACT: Tianrong Building Material Holdings, Ltd. James Tilton, 212/398-7833 www.tnrg.com KEYWORD: NEW YORK INDUSTRY KEYWORD: SPORTS COMPUTERS/ELECTRONICS COMED REAL ESTATE MEDICINE BUILDING/CONSTRUCTION Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *