Tianrong Internet Products and Services, Inc. (TIPS) stock performance

Check Tianrong Internet Products and Services, Inc. financial performance, includes market capitalization, price change percentage, price-to-earnings ratio, as well as historical and current stock prices.

Prev Close 0.02

52wk High 0.10

Open 0.02

52wk Low 0.01

Equity Flow 0.00%

P/E 0%

T/O 0.00 b

P/B -47.09%

T/O Rate 0.00%

Mkt Cap 0.34 b

Dividend 0

Total Shares 15.85 b

Div.Yield 0%

lot Size 1

Tianrong Internet Products and Services, Inc. Company Introduction

TIPS is an e-commerce business whose strategy is to resell mobile and other telephony solutions to customers via its website. The company markets products on behalf of suppliers through search marketing and other e-marketing initiatives such as virtual mail shots. The Company's website catalogues new and refurbished mobile handsets and landline phones from a range of suppliers as well as a variety of accessories. Customers can purchase products by clicking directly through to the supplier's website and TIPS will receive a commission on sales made. Suppliers can upload their product advertisements remotely and independently without any human interaction with TIPS. Up until late 2010 TIPS' primary focus was the development of its website. The next phase of the Company's strategy is to undertake additional marketing to drive traffic to its website. In order to effectively monetise the website the Company may seek to raise finance to invest in marketing. The Company intends to leverage its website by enhancing its search engine rankings through a third party marketing services provider. The Company's management may look to appoint additional marketing services providers to increase website traffic and revenue generation. TIPS intends to seek out and make strategic acquisitions of domestic and international technology businesses and intellectual property assets in order to further leverage its market presence. The Board of Directors of TIPS are currently in advanced stage discussions with the CEO of a highly innovative and niche European technology company with respect to a potential transaction. Subject to the approval of the shareholders in the target company, TIPS intends to acquire the target company early in 2012 and will make further announcements at the appropriate time. The target company has developed software for songwriters and music artists and it will provide trusted secure solutions to protect their work, avoid exploitation, enable collaboration and substantially improve opportunities to get their music heard by professionals in the industry. The target company intends to create the world's largest single repository of unpublished, published and commercially licensed music.

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