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

To: Stuart Cole who wrote (6599)	3/10/1999 11:01:00 PM
From: T A P	Read Replies (2) \| Respond to of 9824

Hello Stuart...Mr Tilton seems to be following through on his promises... Tianrong Begins Filing Process With FDA for Electrocardiograph SAN FRANCISCO, Feb. 23 /PRNewswire/ -- Tianrong Building Material Holdings, Ltd. (OTC Bulletin Board: TNRG) today announced that its medical division has started the filing process for its advanced personal computer based electrocardiograph (PC-ECG). The first step in the process, which has now been completed by TNGR, was to file an initial registration for its device with the FDA. The company anticipates completion of the filing process and FDA approval by the end of June. The battery powered PC-ECG will provide a reliable means to display, record and store a patient's ECG signal through a personal computer. The collected data can be used to aid physicians in their diagnosis and treatment of cardiovascular diseases. It can be used in physicians' offices, research laboratories, gyms and emergency vehicles. Because of its portability and affordability, it can be prescribed by doctors for patients as a home monitoring device. According to the Department of Health & Human Services cardiovascular diseases (CVD) are the leading cause of death and illness in the United States. Fifty-eight million Americans suffer from one or more types of CVD. The estimated cost of CVD in the United States in 1998 alone was $274 billion. James Tilton, president of TNRG, stated "One of the exciting factors involved with a diversified company such as TNRG is the many different products that we review and take to market. Currently, our Chinese and Internet divisions are drawing significant focus. This focus can certainly be justified given the huge revenue generating potential of the divisions but our medical division should not be ignored. It also has major revenue generating potential and unlike tobacco producers, that face multibillion dollar lawsuits, our medical division offers products that help fight the human battle against diseases. I am personally proud that such products are going to be available because of the efforts of our people at TNRG." Tianrong Announces Board Approval of Internet Spin-Off SAN FRANCISCO, Calif., Feb. 10 /PRNewswire/ -- Tianrong Building Material Holdings, Ltd. (OTC Bulletin Board: TNRG) announced today that its Board of Directors on Tuesday approved the spin-off of its internet division, Tianrong Internet Products and Services Inc., into a separate publicly traded company. The Board of Directors also approved the distribution of a portion of the new internet company shares in the form of a stock dividend to Tianrong Building Material Holdings shareholders. For every four shares of TNRG common stock held, shareholders will receive 1 share of Tianrong Internet Products and Services stock. TNRG anticipates filing its registration statement for Tianrong Internet Products and Services on or about March 15. Upon clearance of the SEC registration the record date for payment of Tianrong Internet Product and Services stock dividend will be set. It is anticipated that SEC clearance will take approximately 30 days after filing and that the stock distribution will take place before the end of April. Tianrong Internet Products and Services will own and operate the internet site for the shopping mall owned by TNRG and located in the People's Republic of China. The mall has reported unaudited sales numbers for the first ten months of 1998 of $135 million. The internet site will provide the opportunity for shoppers around the world to purchase merchandise from the mall. The internet site will be written in both English and Chinese. Tianrong Internet Products and Services is also currently evaluating the acquisition of certain other internet sites. James Tilton, President of TNRG, stated, "I am extremely pleased that the Board of Directors has approved the spin-off of Tianrong Internet Products and Services. Although our original plan called for the Sports Division to be the first spin-off, the Board made a wise decision in approving the internet division as the first spin-off given the current market environment for internet related companies. It is certainly the right spin-off at the right time to prove our concept of spinning-off divisions and rewarding shareholders. The nurturing and spin-off of TNRG divisions is an integral part of our business plan and will continue. We have many spin-offs in the planning stages." For further information on Tianrong Building Material Holdings, contact James Tilton at 212-398-7833 or visit the website www.tnrg.com T A P has received 700K shares of TNRG from the company for services provided for a period of 1 year. For a complete write-up on TNRG and other Turn Around Picks go to T A P profile and click Favorite Link.