Tanke Inc. Enters the Logistics Industry; Secures Agreement Valued at $11 Million
13 March 2014 - 11:00PM
Marketwired
Tanke Inc. Enters the Logistics Industry; Secures Agreement Valued
at $11 Million
ST. LOUIS, MO--(Marketwired - Mar 13, 2014) - Tanke,
Incorporated (OTC Pink: TNKE) (PINKSHEETS: TNKE), a diversified
holding company focused on emerging technologies and "cleantech,"
is pleased to provide this update to its shareholders and the
investment community. This release includes information about the
Company's plans and announcement of a management, investment and
incubation, agreement with Utime Trading & Commerce Ltd.
(Utime) a logistics provider in central China.
Tanke is a diversified holding company that manages and finances
emerging growth companies, with a primary focus on the development
of environmental technologies. The company is now positioning to
become a major participant in the logistics industry in China, a
$400 billion market.
"We are extremely excited to ride along the internal consumption
trend in China through our investment in Utime; this massive, fast
growing market with undiscovered areas where our unique strengths
can be effectively utilized," said Xiaoying Zhang, CEO of Tanke.
Utime focuses on internal consumption logistics, a large segment
within the industry. Internal consumption in China has accounted
for 45.9% of China's growth in 2013 and it's poised to be the major
growth driver in China.1
Tanke committed to develop, manage and finance emerging
companies in high growth industries Tanke has decided to deploy
resources to the logistics industry. Through this investment,
management and incubation program Tanke seeks to exploit the high
growth on internal consumption.
"We are very exciting to combine Tanke's expertise in, high
growth industries, development of proprietary technology &
brand promotion with our strategic networks and distribution
channels throughout China will help position us to become a
significant player in the region enabling both of us to achieve a
global reach," said Mr. Joseph Stone, CEO of Utime Trading &
Commerce Ltd.
"China, which continues to be a rapidly growing market with
abundant yet-to-be-tapped opportunities and great promise, is in
fundamental need of the most advanced, innovative and cutting-edge
logistics solutions; solutions that can optimize the effectiveness
and profitability of the industry as a whole. With our proven
track record and long history of applying proprietary and
innovative technology innovation, investment and management in
emerging growth companies, our instrumental strategic partnership
with Utime will prove highly rewarding for us both," added Xiaoying
Zhang.
References: 1. Transportation & Logistics 2030 - PwC
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.
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 SEC
filings. 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.
Tanke Inc. Additional information is available on the Company's
website: www.tankeinc.com or contact Investor Relations at:
IR@tankeinc.com
Tanke Inc. IR@tankeinc.com
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