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Four Announcements From Tank Sports
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LOS ANGELES, Dec. 1, 2006 -- Tank Sports (OTC BB: TNSP.OB - News) held its first press conference yesterday Nov. 29, 2006 at Pacific Palm Conference Resort in City of Industry, California. During the conference, Ms. Jingjing Long, President of Tank Sports made four announcements.
- The company is ready to release 5 new ATV models for 2007, which will make a complete line of 7 ATV models ranging from 110cc to 400cc. In 2006, it only had 110cc and 150 cc model ATVs and sold 311 units making $246,853 in revenue. Thus, it sold fewer ATVs than motorcycles and scooters in the year. However, Tank Sports has strengthened the ATV product line by expanding R & D, which gave way to 7 new styles. Also, it will release additional three models for the first half of 2007. Because of that, it will further expand TANK's share in the ATV market. The company's target is to sell 6,000 units of ATVs and generate over $5,000,000 in revenue by 2007.
- New energy Motorcycles -- hybrid of 85% ethanol + 25 gasoline motorcycle has passed the quality and road test. It is a milestone for the company's clean energy technology strategy.
- Tank Sports will continue to focus on the motorized power sports products as core business. In the mean time, the company will include mergers and acquisitions as part of the company's growth strategies. This will strengthen the future growth of the company business model.
- Tank Sports' relationships with selected equity funds have been steadily growing. The company will follow up the SEC regulations and rules, such as 8-K filing, to disclose any material progress once it is necessary. The growing relationships with institutional investors will prepare the company with necessary funding and certain assurance to implement its long term growth strategies.
About Tank Sports, Inc.
Tank Sports is a leading company that develops, engineers, and markets high-performance on-road motorcycles and scooters, off-road all-terrain vehicles (ATVs), dirt bikes and Go Karts through OEMs in China. It utilizes the so-called "China Concept'' business model to participate in the $31.5 billion annually (data: Motor Industry Council) motorcycle/ATV market.
Safe Harbor Statement The foregoing news release includes numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited "safe harbor'' for certain forward-looking statements. Forward-looking statements in this news release relating to business developments are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with a small business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.
Contact:
Tank Sports, Inc.
Tel: (626) 350-4039
Fax: (909)354-3174
Email: ir@tank-sports.com
Website: www.tank-sports.com
10925 Schmidt Rd.
El Monte, CA 91733
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