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To: Turn Around Picks who wrote (541)	2/4/1999 2:15:00 PM
From: Turn Around Picks	Respond to of 668

TNRG NEWS !! Spin off !! members.xoom.com Join Free ! Tianrong Calls Special Board Meeting to Determine Spin-Off NEW YORK, Feb. 4 /PRNewswire/ -- Tianrong Building Materials Holding Company (OTC Bulletin Board: TNRG) announced today that it has called a Special Meeting of the Board of Directors for Monday, February 8, 1999. The purpose of the Special Meeting is to determine which subsidiary will be in the Company's first dividend spin-off to shareholders. In addition, at the meeting the Company will set the exact date for the spin-off. The company is committed to completing the spin-off during the month of March. For further information on Tianrong, contact James Tilton at 212-398-7833 or visit the website www.tnrg.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 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. SOURCE Tianrong Building Materials Holding Company CO: Tianrong Building Materials Holding Company