Tanke Issues Corporate Update


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PK:TNKE
08/12/2014 [ACCESSWIRE]

New Environmental Initiatives, Incubation Program & Announcement of Expansion Plans

FORT LAUDERDALE, FL / ACCESSWIRE / August 12, 2014 / Tanke, Incorporated (OTC Pink: TNKE) (PINKSHEETS: TNKE), a diversified holding company focused on emerging technologies and "cleantech," is pleased to provide a mid-year corporate update, progress of incubation program and new initiatives for environmental project including investment into the Photovoltaic industry.

The Company’s mission is to develop, manage and finance emerging companies in high growth industries using an asset acquisition model.

Environmental Technologies

Tanke started 2014 with an initial focus in environmental technologies ('Cleantech'), a growing market which due to the massive environmental needs its estimated market opportunity is $396 billion by 2021 according to Clean Edge1.

"From last year foundation, in 2014 we have now implemented many of the steps that is establishing Tanke as a leader in the growing environmental and emerging markets. Notably, the acquisition and development of a Master License and 3 other nonexclusive licenses in the electronic waste market combined with investment made into Tanke. This investment and license developed rapidly into more than an approximate $20 million business license for which Tanke receives a participation and management fee. In addition, a joint venture agreement was signed with one of the leaders in electronic waste equipment and technology in China providing strategic asset to most leading electronic waste processors. "We are very pleased with this effort." Stated Mr. Nick Balomenos, COO of Tanke Inc.

Incubation Program

During the first quarters of 2014, Tanke announced the start a new innovative initiative with the objective of increasing the asset acquisition activity. This initiative allows Tanke to enter quickly with lower risk to other segments of the general environmental market, valued at $33 trillion2. This allows opportunities to be discovered at an early stage where it would be missed otherwise. The program proves for improving the future potential return at a favorable risk, assist the incubated company to expand their business, improve their efficient and margins of operations, prepare them for international expansion and most importantly prepare them for further investment. 

Incubation projects were started with promising emerging companies in selected industries like electronic waste, third-party logistics, e-commerce & electronic payment, and telecommunications. Furthermore, our recently launched uSMART™, a cloud-based technology targeting emerging companies in need of integrated multilingual cross-functional planning and optimized operations, provides the standard of process companies need to compete at par with large companies and do so efficiently.

"We managed to increase significantly our revenue and asset base with the incubation program. This record increase in both the company’s asset base as well as revenue is attributable to the company’s successful follow through of its corporate objectives of asset acquisition, proprietary technology deployment, brand promotion, investment in companies that have a global reach through the incubation and management program." Added Mr. Nick Balomenos.

Tanke’s enhanced incubation model will enable the company to capitalize on emerging growth industries by offering micro funding, debt restructuring and entrepreneur assistance through its network of affiliates that includes financial and management partners. The company aims to achieve $10 billion of total market capitalization by incubating and spinning off companies with massive potential and global reach.

Strategic Partnerships and Human Resource Recruitment

In order to compete and deal with the emerging market’s growth, Tanke will be seeking for strategic partnerships. "With our program working successfully, our next challenge is the acquisition of human resources. The company will be launching a program to seek quality and strong strategic partnership along with executive management that matches our vision to join the company". Said Mr. Nick Balomenos

"By combining our technical and financial expertise with the strengths and business acumen of our potential partners, we can realize synergies that can create value to the company faster than if we do it alone. This is in alignment with our expansion strategy" Stated Mr. Nick Balomenos.

Expansion into Photovoltaic Industry

After a successful year, Tanke has started the investigation and the development of plans to enter the photovoltaic industry; a $91 billion segment of a rapidly growing market with enormous potential3. Demand for photovoltaic PV power has grown significantly over the last few years and is projected by the Solar Energy Industries Association (SEIA) to continue growing rapidly. More specifically, capacity in the global solar PV market grew by 20.3% between 2012 and 2013, and it is projected that similar levels of growth are expected in 20144. According to the Global New Energy Development Report 2014, China is now the world’s largest solar PV market, having now surpassed Germany to take the top spot. Driven by an ever increasing local and global energy demand and competition for more traditional energy like petro-based, PV offers an alternative and the fastest PV growth is expected to continue in China.

"We are very excited about the opportunity and new area of involvement. PV is now becoming mainstream and we want to be early and where our unique strengths can be effectively utilized. This is certainly one such area." says Mr. Nick Balomenos, COO of Tanke Inc.

Additional information is available on the Company's website: www.tankeinc.com or contact Investor Relations at: info@tankeinc.com

References:

1.      http://www.greenwisebusiness.co.uk/news/global-green-technology-market-to-grow-to-396-billion-3148.aspx

2.      The New Markets for Environmental Services: A Corporate Manager’s Guide to Trading in Air, Climate, Water and Biodiversity Assets, December 2007

3.      http://www.statista.com/statistics/232859/global-solar-pv-market-size/

4.      http://www.pv-magazine.com/news/details/beitrag/global-solar-market-to-grow-by-20-in-2014_100014380/#axzz39tV0JIUL

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, Software-as-a-Service’s (SaaS) Enterprise Resource Planning (ERP) software technology, reverse logistics technologies and recycling technology.

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.

Contact:

Investor Relations

info@tankeinc.com

 

SOURCE: Tanke, Inc

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