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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (1454)	3/25/1999 1:52:00 PM
From: ErnestPoe	Read Replies (1) \| Respond to of 4766

TNRG. News March 25, 12:13 Eastern Time TIANRONG ACQUIRES E-COMMERCE DEVELOPER SAN FRANCISCO, Calif., March 25 /PRNewswire/ -- Tianrong Building Materials Holdings, Ltd. (OTC Bulletin Board: TNRG) today announced that it has acquired A-web Internet Services Company (www.aweb.com). A-web provides a full range of internet services including web site hosting and state-of-the- art web site design. In addition, the company is an internet service provider and offers turnkey e-commerce solutions for its corporate clients. Its clients include Bidandshop.com (www.bidandshop.com), Accommodations Express (www.accomdationsexpress.com), Monarch Design Systems (www.monarchcad.com) and Yellow Book USA (www.yellowbook.com). A-web is also the leading Chinese internet and e-commerce company in New York, among their major Chinese clients is the Ming Pao Daily News (www.mingpaousa.com). Ming Pao is one of Hong Kong's most influential newspapers. James Tilton, president of TNRG, stated, "With the acquisition of A-web, TNRG is immediately thrust into the heart of the e-commerce and internet community. As we have previously stated, we are aggressively searching for e-Commerce companies and sites to acquire and A-web more than fits this profile. Further, A-web has extensive dealings in China where, of course, Tianrong has controlling interest in the Chongqing shopping mall." Separately, Tianrong reported that it is near finalization of its spin-off of the internet division and now expects completion of the spin-off within two weeks. The dividend will then be issued after all regulatory documents are properly filed and approved by the Securities and Exchange Commission. 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. Tianrong has announced future stock dividends in three subsidiaries and on a long-term basis may elect to issue stock dividends in other subsidiaries. For further information contact investor relations at 800 641-5844 or visit 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. 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 Material Holdings, Ltd. -------------------------------------------------------------------------------- 03/25/99 /CONTACT: Investor Relations of Tianrong Building Material Holdings, Ltd., 800-641-5844/ /Web site: mingpaousa.com /Web site: yellowbook.com /Web site: monarchcad.com /Web site: accomdationsexpress.com /Web site: bidandshop.com /Web site: aweb.com /Web site: tnrg.com (TRNG) CO: Tianrong Building Material Holdings, Ltd.; A-web Internet Services