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tvf switch should suffice but you can always untar it to another machine via ssh in this manner..
Of course, you will need space on that other host.

cat yourtar.tar | ssh newhost "cd...

Reason your code did not work:

700000\r is not equal to 700000. DOS files mess up a lot of things in UNIX.
Learn about the dos2unix command. All windows based editors "like" \r and do not...

It's a dos formatted file, remove the cr with:
tr -d '\r' < dosfile > unixfile

try
sed "s/Winston (UK) Wong/7000/" tmp0.txt