TTCM China, Inc. (Pink Sheets:TTCH), a leading producer and supplier of glass-reinforced fiber plastic pipes and related products, today announced the Work-In-Process of Sichuan Yunan Water Diversion Project.
It was previously announced the winning of the bid on June 4, 2007. Amount of current work-In-Process is approximately $694,000 and the total order to fill is approximately $1.67 million.
Mr. Jiqun Wang, Founder and Chairman of TTCM China, said, “This is another water diversion project indicating China is improving the infrastructure of the water management systems. TTCM is making good progress in completing the backlog of orders and also working to increase its market share nationwide and revenue in 2008 and beyond. We expect the growing demand for clean water delivery, sewerage and flood control water diversion systems in China to continue to drive demand for our products.”
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, 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 weigh only one-fourth the weight of steel pipes and one-eighth of concrete pipes.
Safe Harbor Forward-Looking Statements
Except for 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. 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-rates, customers’ financial conditions, general market and economic conditions, successfully completing additional financings, shipping and other risks associated with the operation in China where certain governmental economic or political situation/polices might adversely affect outcome of the envisioned business.