2680 Bayshore Pkwy
Mountain View, CA 94043
About TTCM China, Inc.:
TTCM China, founded in 1995 and based in Tianjin, China, is a leading producer of glass-reinforced composite plastic and related products including high-pressure pipes to the water supply, smart-digital water meters, sewerage and flood control 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 quality. These procedures make TTCM’s glass-reinforced plastic pipes superior in strength to plastic pipes while weighing only one-fourth the weight of steel pipes and one-eighth of concrete pipes.
TTCM China, Inc., which was renamed after the former Hebei Tianlian Business Company, Ltd. and Tianlian Business Company, Ltd. merged, has become the leading producer and supplier of glass-reinforced plastic pipes wrapped in sand-inclusion and other glass-reinforced plastic products. TTCM China, Inc. is also a developer and supplier of a new type of high polymer synthetic material.
On an international market, TTCM China, Inc. has established business connections with various countries, including South Africa, Afghanistan, Kuwait, Singapore, and Iraq with prospects of expansion into the United States, India and Arabic Countries.
A three-level radiating marketing model, has been formed, that is, it's Tianjin based headquarters and main production line as the center, the provincial and city level market networks as the link, and the prefectural and county level markets as the focus.
The market occupancy of TTCM China, Inc. has met unanimous favor from their customers, clients and colleagues.
Primary SIC — Industry Classification:
2820 - Plastic Material, Synth Resin/Rubber, Cellulos
Jiqun Wang, Chairman, President
Dr. Won-Gil Choe, CEO
Zuoxun Pan, Dir.
Weidong Wang, VP Eng.
About Dr. Choe:
Won-Gil Choe, Ph.D, is the CEO/President of Stanford Venture Group, Inc., which he founded. The company is primarily involved among others in management of Asian firms in US. Prior to founding the Stanford Venture Group, Inc., he was the Chairman and CEO of GAN Semiconductor, Inc., receiving funding from Siemens of Germany and Dow Corning Corporation who absorbed the Company later. Previously, Dr. Choe served as the President and CEO of Compressent Corporation, Inc., Co-Founder and CFO of Mass Microsystems, Inc., CFO & Vice President of TeleVideo Systems, Executive VP and CFO of Vacu Blast Corporation. He was also with Applied Materials, Memorex, Philip-Signetics and Fairchild Semiconductor in engineering and general management capacities. Dr. Choe received a BSIE from Arizona State University, MSIE from Stanford University and Ph.D in Corporate Finance from California Western University.
First American Stock Transfer, Inc.
Salli Marinov, President
706 East Bell Road, Suite 202
Phoenix, AZ 85022
Share structure as of 22 APR 2008
float (DTC): 35,548,xxx
Estimated market cap
560,434 as of Mar 11, 2008
State of incorporation
Jurisdiction Of Incorporation
United States of America
Fiscal Year End
Yuan-Dollar exchange rate:
* Please use the latest version of Windows Media Player in order to view the videos. Each video should take under one minute to download on a high-speed DSL connection. All materials are copyrighted by TTCM China, Inc.
List of Main Clients for Government Purchase
Beijing Tap Water Company
Cuong-Dong Jhe-Nan of FuJian-JheJiang Provinces
TEDA Administrative Committee
China Construction Company, Head Office
Hebei Construction Company, Head Office
Hebei Construction Group
Sichaun Meishan Tap Water Company
Guangdong Huizhou Tap Water Company
Xinjiang Yili Tap Water Company
Jiangsu Changzhou Tap Water Company
Liaoning Shenyang Tap Water Company
Liaoning Fushun Tap Water Company
Anhui Huainan Tap Water Company
Heilongjiang Jixian County Tap Water Company
Heilongjiang Shuangyashan Tap Water Company
Hebei Cangzhou Tap Water Company
Jilin Tongyu County Tap Water Company
Heilongjiang Yichun Shanggailing District Construction Bureau
Heilongjiang Yichun Tangwanghe District Construction Bureau
Hohhot Chunhua Water Company
Shanxi Fenyang Water Conservancy Bureau
Shandong Tai’an Tap Water Company
Shandong Zibo Tap Water Company
Shandong Zibo Construction Bureau
TTCM China Reports Negotiation by the Sichuan Subsidiary of $4.1 Million Order for a Chemical Plant
Wednesday March 26, 10:00 am ET
TIANJIN, China--(BUSINESS WIRE)--TTCM China, Inc., a leading producer and supplier of glass-reinforced fiber plastic pipes and related products, reports negotiation with a chemical plant in Sichuan Province by the company’s Sichuan Subsidiary for the approximate amount of $4.1 million order.
Mr. Jiqun Wang, Founder and Chairman of TTCM China, said, “This potential order is representing the Company’s marketing strategy in expanding into the Sichuan Province, one of the largest province in central China and is timely for the Company’s strategy for future expansion plan domestically. We expect the growing demand for clean water delivery, sewerage, flood control water diversion systems in China in 2008 and beyond.”
CNPC plans new refinery
By Wan Zhihong (China Daily)
Updated: 2008-03-04 09:36
China National Petroleum Corp (CNPC), the nation's largest oil producer, will build a 10-million-ton refinery in Liaoning Province's Huludao to increase its refining capacity. The company has approved the plant's feasibility study, a CNPC source said, without saying how much it will invest in the project. The plant still needs government approval, said the source, who did not wish to be named. CNPC's subsidiary PetroChina Jinxi Petrochemical Co has an annual refining capacity of 7 million tons in Huludao. "To meet rising demand, CNPC will boost its capacity by building more refineries," the source said. This year, the company will bring four new 10-million-ton refineries onstream in Dalian, Fushun, Dushanzi and Guangxi. It also plans to begin construction of another super refinery in Sichuan province this year with a capacity of more than 10 million tons...
THE FRENCH WATER COMPANY, SUEZ ENVIRONNEMENT, HAS ANN0UNCED A NEW CHINA WATER PARTNERSHIP, by KATHY SHANDLING: 10/04/2008 (MaximsNews Network)
UNITED NATIONS - / MaximsNews Network / 10 April 2008 -- Suez Environnement is expanding its presence in China. According to the China Daily, Suez Environnement and their Hong Kong partner, New World Services, will be assuming a 15% stake in the Chinese water company – Chongqing Water Group (CWG). The cost of this investment – approximately 1.5 billion yuan.
CWG operates 32 water treatment plants and 35 wastewater facilities in Chongqing, providing services to about 8.4 million people.
The Suez Group already has two other joint ventures in the region. A 60-40 joint venture with Chongqing Water Holding Group was set up in 2002, referred to as Chongqing Sino French Water Supply. It provides drinking water to approximately 1 million residents in the region. It also services the local industrial and commercial community.
The other Suez joint venture is the Chongqing Sino French Tangjiatuo Sewage Treatment Plant. It is a 50-50 partnership with Chongqing Water Holding Group. It provides service to about 1 million residents in the region.
The first venture was set up in 2002; the second venture was established in 2007.
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2007 Financial Results
TTCM China Announces Full Year 2007 Results
TTCM China, Inc. (Pink Sheets:TTCH), a leading producer and supplier of glass-reinforced fiber plastic pipes, today announced 2007 earnings results. Revenue for the year ending December 31, 2007 was $8.59 million versus revenue of $7.51 million for the year ending December 31, 2006. Net profit after taxes for the full year 2007 was $526,614 versus a net profit of $134,549 in 2006.
Despite strong demands for the company’s products as evidenced by a growing backlog, the Company’s revenue growth in 2007 was approximately 14.5%, primarily due to a working capital shortage. The net profit growth after tax was approximately 292% higher than 2006.
Mr. Jiqun Wang, Founder and Chairman of TTCM China, said, “We are pleased by the demand for TTCM China’s products and are focused on fulfilling orders in 2008 and beyond. We are currently looking into several financing options including HePing Investment Company to enable us to realize higher revenue in 2008 and beyond.”
About TTCM China, Inc. http://www.ttcmchina.com
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. 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.
Safe Harbor Forward-Looking Statements
Including 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. Historical and 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, foreign currencies exchange-rate, customers’ financial conditions, the ability to successfully complete additional financings, shipping and other risks associated with the operations 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
Source: Business Wire (April 17, 2008 - 10:01 AM EDT)
Visit to TTCM China
Date: Fri, 18 Apr 2008 10:29:02 -0700 (PDT)
Subject: Visit to Mt. View office
I am a long term shareholder in TTCM China. I have called the office previously and discussed TTCM China business conditions. Thank you for answering my previous questions. I would like to come visit your office and ask a few questions and possibly take a few photographs. I am assistant moderator of the TTCM China board on www.investorshub.com and will have a few questions from other interested shareholders. The information we discuss and photos will be posted on the iHub website. Please let me know when is a convenient time for you. How about next Wednesday at 4:45 PM?
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The assistant moderator plans to visit the domestic TTCM China office in the near future. If you have questions to be added to the interview, please submit. Here are the questions already submitted and approved:
1. How does TTCM China see the Chinese water sector developing in relation to the current TTCM China business model?
2. What is the financing situation? Does TTCM China have adequate working capital, liquidity and monies available?
3. What is the rev projection for 2008?
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Company answered: NO VISITS PLEASE
18 APR 2008 -- I just called Dr. Won-Gil Choe "Won". He will not allow a visit because he does not want to run the risk of legal objections (inside information). He also mentioned that folks have visited in the past and then made up stories and posted them online.
We had a 20 minute conversation. Won asked if the call was being recorded (it was not). He did not answer all the questions but here is a summary:
Not involved in military projects - not sure about the uniforms in the company videos.
Growing segment: water diversion
No trouble getting orders - little marketing effort
Sold some pipes to the Middle East several years ago
Receiving interest from overseas customers
Shipping the pipes is impractical - local
operations/factories/shops are set up - done frequently by TTCM
Plenty of jobs in the backlog - many projects get delayed 2-3 years in China
Working to diversify - small acquisitions already announced
Smart card - R&D phase, not ready for commercial use
CEO is a former military officer (may be on the website or PR's, sounds familiar).
Won is an officer of the company but has little control of the company.
The company does not provide share updates - contact the transfer agent for the information. I asked, "Why is the TA gagged?" Won said if you call the TA they will give the AS and OS.
Wang from TTCM is not Andy Wang of Netcert - absolutely no relation.
How does TTCM China see the Chinese water sector developing in relation to the current TTCM China business model? Answer - long winded answer. We are in the right place at the right time (summary).
What is the financing situation? Does TTCM China have adequate working capital, liquidity and monies available? Answer - adequate funds. Funding large projects can be problematic but overall liquidity is fine for 6-12 months (my intepretation of his comments). Won said the company is large and well established. (Asst Mod comment: $8M yrly revs is small in NA but not so in Cathay). Won said (paraphrasing) the company is not going away, they are just fine and growing slowly but surely.
What is the rev projection for 2008? - Forgot to ask that one.
Won started a company called GAN Semiconductor which uses GaN. The company was sold to Dow several years ago.
Overall, Won seems to be a trustworthy character. He said his feelings were hurt by the harassing phone calls and internet postings. Won has served as CFO for several NASDAQ listed companies.
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Regarding the backlog
Some people seem to think there is a missing backlog of $100M. I mentioned this to Won and he talked about delays. He said it is not uncommon for projects to be delayed for several years. He did not say what the current backlog is and probably does not know. He seems unhappy to discuss TTCM China's accounting details but is willing to discuss technical topics and TTCM product specification in-depth. He said he travels to Tianjin and visits with the other company officers several times per year and that he had visited a few months ago. He said all the information he releases is given to him by China and it seems like he may not verify the data.