Exhibit 99.3

Contact:
     China Tailong Holdings Company, LTD.
     Carl Thompson
     CTA Public Relations
     1-303-665-4200
     carl@ctapr.com

China Tailong, LTD. Completes Going Public Transaction

Heilongjiang  Province,  China--(BUSINESS  WIRE)--February 3, 2005--Basic Empire
Corporation.  (OTCBB:  BSEC.OB) ("BSEC")  announced today the closing of a stock
exchange  transaction  with China Tailong  Holdings  Company,  LTD., a Hong Kong
company  ("Tailong").  The  companies  will  operate  on a  consolidated  basis,
executing  upon the current  business  plan of  Tailong's  90% owned  subsidiary
located in the  People's  Republic  of China  ("PRC").  As a result of the share
exchange  transaction,  Tailong's  stockholders were issued 10,606,158 shares of
BSEC's  common stock  representing  in the  aggregate  90% of BSEC's  11,784,620
issued and outstanding shares of common stock immediately following the closing.
As a result of the exchange transaction, Mr. Yu Chang was appointed to the Board
of Directors of BSEC,  and Mr.  Chang,  as well as other  senior  management  of
Tailong,  were elected as executive officers of BSEC upon the resignation of the
company's sole executive. BSEC's shares are listed on the Over-the-Counter (OTC)
Bulletin Board under the symbol, BSEC.OB.

Tailong, through its 90% owned PRC subsidiary, manufactures and markets a series
of compound  liquid  fertilizer  products,  including a series of liquid organic
fertilizers   and   crop-specific   fertilizers,   customized  to  its  clients'
specifications. All of the products are residue and hormone free and can be used
in organic agricultural production.

Based on the  unaudited  proforma  consolidated  financials  for the nine  month
period ended September 30, 2004, Tailong generated  approximately $13.01 million
in gross  revenues and $2.93 million in net income.  For the year ended December
31, 2003, Tailong had revenues of approximately $12.18 million and net income of
$1.81 million.  In 2002 revenues were approximately $6.41 million and net income
was $1.51 million.

Mr. Yu Chang,  Chief Executive  Officer of BSEC,  stated,  "We want to thank our
financial  advisor,  Halter Financial Group, for their assistance with the going
public transaction. We believe that by being given the opportunity to access the
US  capital  markets  we  can  capitalize  on  what  we  believe  to  be  growth
opportunities in our business."

FORWARD LOOKING STATEMENTS

This  release  contains  certain  "forward-looking  statements"  relating to the
business of BSEC and its  subsidiary  companies,  which can be identified by the
use of  forward-looking  terminology  such as  "believes,  expects"  or  similar
expressions. Such forward looking statements involve known and unknown risks and
uncertainties,   including  all  business   uncertainties  relating  to  product
development,  marketing,  regulatory actions or delays, the ability to obtain or
maintain  intellectual  property  protection,  market  acceptance,  third  party
reimbursement,  future  capital  requirements,  competition in general and other
factors  that may cause actual  results to be  materially  different  from those
described  herein as anticipated,  believed,  estimated or expected.  Certain of
these risks and  uncertainties are or will be described in greater detail in our
filings with the Securities and Exchange Commission. BSEC is under no obligation
to (and  expressly  disclaims  any such  obligation  to)  update  or  alter  its
forward-looking statements whether as a result of new information, future events
or otherwise.