TNMD ANNOUNCES CLOSING OF ACQUISITION OF HUANMEDIA, CHINA'S LARGEST RAILWAY WI-FI SERVICE PROVIDER
March 25 2021 - 2:32PM
InvestorsHub NewsWire
TNMD
ANNOUNCES CLOSING
OF ACQUISITION OF HUANMEDIA, CHINA'S LARGEST RAILWAY WI-FI SERVICE
PROVIDER
Chengdu, China
-- March 25, 2021 -- InvestorsHub NewsWire -- Tianrong
Medical Group, Inc. (OTC
Pink: TNMD) today announced the closing of its acquisition of
HuanMedia Company Limited, parent company of China based Sichuan
HuanMedia Co. Ltd., in an all-stock transaction. HuanMedia https://www.huanmedia.com owns exclusive
operational rights and provides Wi-Fi services and entertainment
platforms to railway lines and in over hundreds of railway stations
and trains across China. HuanMedia is growing at a rapid pace,
aiming at providing services to over 1 billion of annual railway
passenger flow in 2021.
The Company will undertake a series of
Joint-Ventures and investments which will allow the monetization of
the passenger Key Performance Indicator (KPI) and data of the
passenger results from its huge network.
HuanMedia guarantees fully secured, uninterrupted
service, even when the external 3G and 4G signals are weak or
unavailable. Its unmatched platforms provide unique and exclusive
services to passengers, including online ticketing, train schedule
information, VIP services, onboard online shopping, travel, and
hotel bookings. It also provides passengers with rich entertainment
content; recent movies, hit music and mobile games. This exclusive
platform is an effective advertisement and product promotion
channel for location centric products to globally recognized
brands.
He Zhizhou, president of HuanMedia stated, "I am
thrilled to be able to announce the closing of this transaction and
our entrance into the U.S. public markets. We look forward to
working with major companies from around the
globe."
The management of TNMD released the following
statement, "We are delighted to be able to announce the finalizing
of our acquisition of HuanMedia. There is no doubt that this
acquisition will be a major step forward in the Company's
development and truly benefit all TNMD
shareholders."
HuanMedia was established in 2013. As China's
number one railway transportation Wi-Fi operator and a leader in
China's rail transportation information service, it focuses on the
construction and operation of mobile internet in the field of
public transportation, internet product development and
distribution, big data analysis and scene-based precision marketing
services. The company is headquartered in Chengdu, Sichuan
Province, China.
TNMD's vision is the establishment of a fully
integrated technology company that provides turnkey technological
solutions to the Chinese railway industry. Over time, the Company
plans to provide a wide range of services such as software
solutions, e-commerce, advisory services, financial services and
information technology. HuanMedia is the largest railway Wi-Fi
media platform in China, covering potentially 900 million
passengers per year, ensuring 99% reliability.
For further information please contact TNMD at
info@tianrongmedicalgroup.com
The HuanMedia corporate website can be accessed at
https://www.huanmedia.com
The TNMD Twitter account can be accessed at
https://twitter.com/TNMDHuanMedia
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 Medical
Group, Inc. to accomplish its stated plan of business. Tianrong
Medical Group, Inc. 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 Medical
Group, Inc. or any other person.
Contact:
Tianrong Medical Group, Inc.
+1 718-569-8815
info@tianrongmedicalgroup.com
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