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TTCM China Announces the Approval by the City Government of Strategic Alliance With Tianjin Synthetic Material Company
TIANJIN, China-(Business Wire)-January 29, 2008 - TTCM China, Inc. (Pink Sheets:TTCH), a leading producer and supplier of glass-reinforced fiber plastic pipes, today announced the approval by the Department of Chemical Engineering Bureau of Tianjin City Government for the alliance with Tianjin Synthetic Materials Company.
The Company entered the second phase of alliance including auditing, evaluation, registration and other steps for the future acquisition strategies of related business.
Mr. Jiqun Wang, Founder and Chairman of TTCM China, said, "TTCM is embarking on the strategic acquisition program and this is the second phase of such acquisition related to the Company's water supply business and composite material business. We expect the growing demand for the water related business and composite materials in China to continue to drive demand for our products in 2008 and beyond."
About TTCM China, Inc.
TTCM China, founded in 1995 and based in Tianjin China, is a leading producer of glass-reinforced composite plastic products including regular and high-pressure pipes, fittings related to the clean water supply and sewerage systems. In cooperation with the Harbin Industry University, TTCM developed an advanced technology employing micro-emulsification, which enables a reduction of the amount of resin used in the production process and at the same time raises the product compactness, strength and filtration quality. These procedures make TTCM's glass-reinforced plastic pipes superior in strength to plastic pipes while they only weigh one-fourth the weight of regular steel pipes.
For more information, visit http://www.ttcmchina.com.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, force d majeure, customers' financial conditions, general market and economic conditions, competitive factors, the ability to successfully complete additional financings, shipping and other risks associated with the operation in China where certain governmental economic or political situation/polices might adversely affect outcome of the envisioned business.
