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Thursday, August 13, 2020 2:27:38 PM
Tieshan Oil continues to pump out revenue as they specialize in their niche segment. Some gasoline producers depend on Tieshan almost exclusively for necessary product components. In February of 2020 we acquired 100% of Wandi mining. This addition to our portfolio puts at least 24 million tons of clean, low sulfur, thermal coal in our asset group and adds the promise of clean energy to China while creating an expectation of more than a billion dollars in revenue for our company.
Of great importance is the pending acquisition of 99 Holdings and its subsidiary 99 Technologies. These companies own and exploit what we believe is ground breaking technology in the eradication of viruses, including Covid-19 and infection control of enclosed spaces. We are confident the world is undergoing a cultural shift in favor of infection control. We expect consumers to demand cleaner hospitals, hotels, airplanes and more. 99 Holdings and 99 Technologies are there to meet the need. We see the correctness of our assessment as sales this year are running about 2000% (two thousand percent) over the same period in 2019.
On July 24 RSSV announced ADMALL a wholly owned subsidiary has begun exploring the prospect of expanding its marketing into the United States, Western Europe, Australia and other Western markets. In 2019 ADMALL contributed nearly $600,000 to the company’s total revenue of nearly $30,000,000.00. DS Chang, CEO of Phoenix Rising Companies, has said “I see the opportunity for ADMALL to be a larger part of Phoenix’s total worldwide picture by adding new markets. The products are good and exciting. I think customers will be pleased. I envision the possibility of a future where ADAMLL is producing several million in revenue with more than 25% going to the bottom line.”
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