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TTCH.PK Maybe their major hurddle is being solved but no total ammount given Source: TTCM China, Inc.


TTCM China Announces Obtaining Line of Credit Facility
Thursday June 7, 9:30 am ET


TIANJIN, China--(BUSINESS WIRE)--TTCM China, Inc. (TTCH.PK), a leading producer and supplier of glass-reinforced fiber plastic pipes, today announced the establishment of revolving line of credit collateralizing the liquid assets of the company with TianJin Heping Investment Group of TianJin, China to finance the working capital requirement for production of backlog of orders. As of this date, the company has already utilized approximately $641,000 from the line of the credit facility.
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Mr. Jiqun Wang, Founder and Chairman of TTCM China, said, "We are very pleased with the availability of line of credit to ship the backlog of orders and are focused on fulfilling orders in 2007 and beyond. The demand of company's product is strong due to the requirement of water supply, sewerage and flood control systems in the county."

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, fittings related to the water supply and sewerage 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 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.

The company is in negotiations with a several provincial and municipal government agencies and private companies concerning the requirements of pipes for water supply systems, sewerage systems and flood control systems.

For more information, visit http://www.ttcmchina.com.

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