Tanke Inc. Announces Record 4th Quarter 2013 Results
March 10 2014 - 7:00AM
Marketwired
Tanke Inc. Announces Record 4th Quarter 2013 Results
Record Breaking Asset Base Increase of 4,578%
ST. LOUIS, MO--(Marketwired - Mar 10, 2014) - Tanke,
Incorporated (OTC Pink: TNKE) (the "Company"), a diversified
holding company focused on emerging technologies and 'Cleantech,'
is pleased to announce the release of its fourth quarter financials
for the period ending December 30th 2013. The results show a record
achievement in both the company's asset base and revenues
increasing by 4,578% and 2,841% from same quarter of 2012,
respectively.
The Company reported fourth quarter assets of $3,896,527 for the
period from September 30th, 2013 to December 31st, 2013, an
increase of $345,014 which represents a 10% increase as compared
with the previous fiscal quarter, and an increase of $3,813,240
which presents a 4�578% increase as compared to 2012 fourth
quarter.
The Company further reported record revenues of $2,203,673 for
the period from September 30th, 2013 to December 31st 2013. This
represents a revenue increase of $1,106,033 (101%) compared to
prior quarter, and $2,128,744 (2�841%) compared to the prior
year.
Also, operating expenses increased during the same period by
$1,668,507 from $245,884 during the third quarter to $1,914,391 in
the fourth quarter. Expenses were for operations, selling and
general administration expenses and mainly as expenses for business
development and marketing.
These record increases in both the company's asset base as well
as revenues is attributable to the company's successful follow
through of its corporate objectives of asset acquisition,
proprietary technology deployment, brand promotion and investment
in companies that have a global reach.
"We are extraordinarily pleased with the latest quarterly
results," Tanke CEO Xiaoying Zhang stated. "We have absolute
confidence that the full year will also prove to be excellent. We
firmly believe that Tanke is poised to become a major player and
leader in the growing environmental and emerging technologies
market."
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.
Additional information is available on the Company's website:
www.tankeinc.com or contact Investor Relations at:
IR@tankeinc.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 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. Investor Relations IR@tankeinc.com
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