Business
TNMD ANNOUNCES PLANS TO FILE FORM 10 WITH THE SECURITIES AND EXCHANGE COMMISSION TO BECOME FULLY REPORTING COMPANY
TNMD ANNOUNCES PLANS TO FILE FORM 10 WITH THE SECURITIES AND EXCHANGE COMMISSION TO BECOME FULLY REPORTING COMPANY.
About this update from Tianrong Med Group, Inc.
[{"type":"text","content":"Tianrong Medical Group, Inc. (OTC: TNMD), today announced that the Company’s Board of Directors has voted to file a Form 10 with the Securities and Exchange Commission in order to become a fully reporting company. This is the next step in the Company’s plans to meet the requirements to uplist to OTCQB and is also fundamental to the Company’s efforts to provide additional transparency to its shareholders and bring additional focus on the Company from a larger group of qualified investors.In December, TNMD announced that the Company had signed a definitive agreement to acquire HuanMedia Company Limited, parent company of China based Sichuan HuanMedia Co. Ltd., in an all-stock transaction. HuanMedia( https://www.huanmedia.com ) owns exclusive operation rights and provides free Wi-Fi services and entertainment platforms to several 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.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.The management of TNMD released the following statement, “The Company fully realizes the value of being SEC reporting and that it is vital to taking TNMD to the next level”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 WiFi media platform in China, covering potentially 900 million passengers per year, ensuring 99% reliability.For further information please contact TNMD at [email protected] The HuanMedia corporate ...