Tanke Invests Second Round Into the E-Waste Business
Invests $2.3 mm and Commits to Further Growth Investment in
E-Waste
ST. LOUIS, MO--(Marketwired - Feb 25, 2014) - Tanke Incorporated
(OTC Pink: TNKE) (the "Company"), a diversified holding company
focused on emerging technologies and 'Cleantech,' announced today
an investment of $2.3 million in E-Waste Systems, Incorporated
("E-Waste Systems").
Tanke develops, manages and finances emerging companies in high
growth industries using an asset acquisition model. The
e-waste and reverse logistics market has become a $100 billion
annual business (Source: Blumberg Associates), primarily driven by
the ever faster proliferation of smart electronics. The Company has
a focus in environmental technologies ('Cleantech'), a market which
is estimated to reach $396 billion by 2021 according to Clean
Edge[1].
Tanke has significant cross border investment and operating
expertise in emerging industries such as electronic waste and an
extensive network in emerging countries such as China and Asia.
"Electronic Waste is a very attractive business for Tanke and China
and India represent the 2 largest active markets in the world with
China predicted to become the largest market before 2015. Investing
in electronic waste though E-Waste Systems has proven to be a good
investment strategy for us. We want to be more involved now," said
Xiaoying Zhang, CEO of Tanke.
Tanke believes that globalization and the emergence of Asia and
other markets strains natural resources, water, energy and food,
and as a result, environmental technologies is at the forefront of
the new paradigm shift in usage of resources.
Founded in 2008, E-Waste Systems is a leading and fast growing
company in the emerging waste electrical and electronics equipment
("WEEE") industry. EWSI, through its affiliates and subsidiaries,
presently is able to arrange collections in the USA from any zip
code in the USA and has established operations in many parts of the
world including Asia, China, India, South America, UK and
others.
"The relationship between Tanke and EWSI is stronger than ever,
and our business to date have far exceeded our expectations," said
Martin Nielson, founder and CEO of E-Waste Systems Inc. "Having
Tanke as a strategic partner with strong has helped us accelerate
our business plan and making E-Waste Systems one of the fastest
growing companies in the eWaste industry. Tanke's success in
developing sophisticated cross border transactions especially in
China is unique to the market."
"We are very pleased with E-Waste Systems abilities and
performance. From the beginning of our relationship, Mr.
Nielson and his company have performed their business plan
exceptionally well and have achieved major growth in a very short
time. We strongly support this company and this investment is
based on their commitment to build the EWSI brand and the
professionalism of its management team. As investors we are
very satisfied with their performance and growth to date and expect
that this new round of investment will yield the same excellent
results," says Xiaoying Zhang, CEO of Tanke.
"In addition to our investment, the master license and initial 3
licenses with EWSI which carried a commitment for $5 million was
rapidly fulfilled in less than 6 months. We expect our next
licenses will be completed before mid-year 2014. We find the
demand for eWaste and environmental services to be increasing and
much needed. And when done properly and within eWaste quality
standards, it has significant social value," said Xiaoying Zhang,
CEO of Tanke.
The deal with EWSI consists of investment terms similar to the
original one and a separate 2-year licensing deal for additional
brand licenses. It is expected to help EWSI further ability to
deploy its business into geographies where Tanke has resources,
expertise and distribution by providing introductions and
support.
"EWSI is by far the fastest growing and most efficient
electronic waste company," said Tanke CEO Xiaoying Zhang, in a
statement. "Martin Nielson as CEO of E-Waste System is doing a
great job. His experience, commitment to green technologies,
and his strategic vision are all steering the company in the right
direction and so we are pleased to provide this investment,
expertise and network to this growing company," said Xiaoying
Zhang, CEO of Tanke.
Tanke works closely with its capital partners and management
resources to assist our portfolio companies in a strategic manner
to drive significant operational improvements including sales and
profit growth, market leadership and innovation strategies,
geographic expansion, and capital raising. Our network spans over
30 countries with a main focus on developed countries such the USA,
UK and parts of Europe and particularly high growth economies such
as China and India.
Additional information is available on the Company's website:
www.tankeinc.com or contact Investor Relations at:
IR@tankeinc.com
References:
1. http://www.greenwisebusiness.co.uk/news/global-green-technology-market-to-grow-to-396-billion-3148.aspx
About Tanke Incorporated
Tanke is a diversified holding company with the mission to
develop, manage and finance emerging companies in high growth
industries. Tanke is focused in the development of environmental
technologies and "Cleantech" for a wide range of markets such as
commercial, industrial and municipal applications. Tanke
believes that globalization and the emergence of Asia stresses
natural resources, water, energy and food, and environmental
technologies will be at the forefront of the new paradigm shift in
usage of resources. Through its subsidiaries and affiliates in the
world and with its deep experience in China -- the fastest growing
emerging market in the world, Tanke seeks to grow through
acquisitions, organic growth in the USA and also in the emerging
markets. Our holdings consist of: Environmental & Water
technologies, eWaste and reverse logistics technologies, and The
Triple R Water recycling technology under the Re:Water™ brand.
About E-Waste Systems, Inc.
E-Waste Systems, Inc. is the sole pure play public company in
the emerging waste electrical and electronics equipment ("WEEE")
industry. EWSI targets companies facing regulatory or other
mandates for handling e-waste. EWSI operates and assists its large
geographical network of affiliates, apply best practices in
professional management, offer state-of-the-art engineering,
providing a true global e-waste solution. Additional information,
including the business plan summary, is available on the Company's
website, www.ewastesystems.com.
Safe Harbor Statement: Certain statements and information
included in this release may constitute "forward-looking
statements" as defined in the Federal Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the company to
be materially different from any future results, performance or
achievements expressed or implied in such statements. Additional
discussion of factors that could cause actual results to differ
materially from management's projections, estimates and
expectations is contained in the Company's disclosures. The Company
assumes no obligation to update any forward-looking statements as a
result of new information, future events or developments, except as
required by federal securities laws.
CONTACT: Tanke Incorporated Investor Relations IR@tankeinc.com
www.tankeinc.com
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