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Tianrong Internet Products and Services, Inc. (TIPS) has engaged Bolko & Associates, LLC as its independent auditor, marking a significant step toward becoming a fully reporting company with the SEC. The company plans to file a registration statement within weeks and subsequently apply for an up-list to OTCQB following audit completion. Bolko, a PCAOB-registered firm, specializes in auditing public companies, aiming to enhance TIPS's credibility in the investment community. This move is expected to add value for shareholders by increasing market exposure.
Tianrong Internet Products and Services (TIPS) announced its selection of Cambridge Orthopaedic Labs (COL) as its next acquisition target. COL has developed an innovative non-invasive external fixator, PolyArmour, aimed at treating wrist fractures. The management expects to secure US FDA approval in early 2022, paving the way for a market launch later that year. TIPS' majority shareholder, Wilton, has been facilitating COL's fundraising efforts totaling £3.5 million, indicating strong confidence in COL’s product and management. TIPS anticipates multiple acquisitions in 2022.
On December 3, 2021, Tianrong Internet Products and Services (TIPS) announced its acquisition by Wilton Management Limited, now holding 59% of TIPS common stock. This strategic move aims to position TIPS as a significant player in the MedTech sector, leveraging Wilton's extensive expertise and resources. CEO Tony Flanagan highlighted a pipeline of European investment opportunities expected to yield substantial returns. Both companies express enthusiasm for future developments, projecting a promising year ahead for TIPS and its shareholders.
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