HONG KONG, March 27 /PRNewswire-FirstCall/ -- Tiger Renewable Energy Limited (OTC:TGRW) (BULLETIN BOARD: TGRW) announces that as of March 25, 2009, Tiger Renewable Energy Ltd. ("Tiger") and Financial Media Net, Inc. ("FMN") shareholder entered into a Letter of intent for the acquisition of 100% of the paid and outstanding shares of Common Stock of FMN. No price for the Common Stock has been established and the final conditions and price will have to be negotiated, in the next 120 days, following a complete due diligence of FMN by Tiger. Financial Media Net, Inc. ("FMN") is a developmental stage financial networking company dedicated to fulfilling the traditional and contemporary needs of the financial community. FMN is in the process of creating an online financial networking community that will be known as http://www.bullsnbears.com/ which will provide a unique forum for communication and business networking through an online medium to the various individuals, companies and groups that form the financial community. FMN also projects to operate as a financial search engine providing its members with all the pertinent data they would need in one location. In the present financial market where the availability of total and reliable information is crucial, FMN might prove to be an indispensable tool. The proposed acquisition of FMN represents a new departure for Tiger, but is one which management feels will be a promising development for shareholders. In the current economic and financial environment Tiger's management believes it is important to look for growth opportunities in a broad range of new sectors. Forward-Looking Statements This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's SEC filings. The Company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the risks and uncertainties detailed from time to time in the Company's SEC filings. To learn more about our company please visit our web site at http://www.tigerethanol.com/. DATASOURCE: Tiger Renewable Energy Limited CONTACT: Tiger Renewable Energy Ltd., +1-514-402-2538, Web Site: http://www.tigerethanol.com/

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