TTCM China Updates $7.3 Million Inner-Mongolian Contract
TTCM China, Inc. (Pink Sheets:TTCH), a leading producer and supplier of glass-reinforced fiber plastic pipes, today updated the status of $7.3 M. Capital City of Inner-Mongolian Water Supply Project.
All the preparations including on-site production facilities by the subsidiary company are ready for the commencement of production in the near future as scheduled.
Also reported that the total assets of the company as of June 30, 2008 were $54.05 million, the net-worth of the Company was $11.4 M and had no long-term debts.
Mr. Jiqun Wang, Founder and Chairman of TTCM China said, “We are pleased with the completion of preparation of on-site production which took some time. The demands for TTCM China’s products are strong. We are focusing on fulfilling orders in 2008 and beyond and looking into several financing options including HePing Investment Company to enable us to realize the higher revenue in 2008 and beyond.” About TTCM China, Inc. http://www.ttcmchina.com
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