Chengdu, China–(Newsfile Corp. – March 25, 2021) – 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 [email protected].
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.
Tianrong Medical Group, Inc.
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