TTCM China Updates the Status of LiaoNing Province Water Supply Company Order Worth...
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TTCM China Updates the Status of LiaoNing Province Water Supply Company Order Worth $13.2 Million TIANJIN, China--(Business Wire)--TTCM China, Inc. (Pink Sheets:TTCH), a leading producer and supplier of glass-reinforced fiber plastic pipes, today updated the current status of previously announced Pan-Jin City LiaoNing Province Water Supply Project worth $13.2 million backlog of order. The Company has commenced production among other projects and approximately 32,800 feet (10,000 meters) of pipes is completed. The customer is requesting the delivery of approximately $1.3M (10,000,000 RMB) worth of pipes per month. It is expected the production will be completed by the end of May 2008. Mr. Jiqun Wang, Founder and Chairman of TTCM China, said, "TTCM is working to increase its market share nationwide and revenue in 2008 and beyond. The demand for our pipes for water delivery, sewage disposal and treatment plants remains very strong. We expect the growing demand for clean water delivery and flood control systems in China to continue to drive demand for our products." 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 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 infiltration 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. The company is in negotiations with several provincial and municipal government agencies and private companies concerning the requirements of pipes for water supply systems, sewerage systems and flood control systems. 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. TTCM China, Inc. Won-Gil Choe, 650-960-1155 or 650-960-3311 Fax: 650-960-1133 Copyright Business Wire 2008
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