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moving up on chart. Recent Developments: -backlog of 24,625,000$ - $22,500,000 worth of contracts in negotiation (both as of 16 jan 2006) -Mining venture did NOT materialize - Company is planning to move to OTCBB once they raise enough funds, part of these funds will be used to audit the company multibagger potential http://www.ttcmchina.com
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Anyone willing to share their thoughts on TTCH moving anytime soon. Volume has been non-existent lately and with such an overhanging number of contracts do you believe there is a statute of time that will dissolve these potential contracts?
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.045(2) x .05(2) outdated data on pinksheets IR contact: Adam-Friedman Associates, LLC 11 East 44th Street, 5th Floor New York, NY 10017 Tel: 212-981-2529 Website: www.adam-friedman.com Email: CorpIR*ttcmchina.com
funny, but TTCH is not listed under "clients"...
news yesterday A/H Friday, January 12 2007 8:30 AM, EST
TTCM China Reports Additional Order Worth $12.8 Million in Work-in-Progress
Business Wire "US Press Releases "
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--
TTCM China, Inc. (Pink Sheets:TTCH), a leading producer and supplier of glass-reinforced plastic pipes, today announced that they have signed a contract worth $12.8 million from Cuong-Dong Jhe-Nan of FuJian-JheJiang Provinces and the project is partially completed and the balance is in Work-in-Progress.
The contract is a part of the company's southern strategy to penetrate the marketplace in the fastest growing southern regions including Fujian, Guang-Dong and ZheJiang Provinces.
Mr. Jiqun Wang, Founder and Chairman of TTCM China, said, "This is the strategy of the Company to move forward in expanding with its business in the southern and southeastern regions where the economic growth is even faster than the rest of the country. The contract is another indication of growing demand for our high-tech pipes in China, particularly to provide water to rapidly growing areas as well as the flood control systems. Because our pipes are more lightweight and cost efficient, they are suitable for large-scale projects such as this one in FuJian-JheJiang Provinces in the southern region of China where many heavy industries are concentrated.
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 and related fittings. 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.
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, market conditions, competitive factors, the ability to successfully complete additional financings and other risks associated with the operation in China where certain economic or political situation might adversely affect the outcome of the envisioned business.
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