| || || || || |
NEWS RELEASE - A word from the Company
"Tank Sports Inc. is in good, healthy operating condition. Our goal is to adhere to the projects approved by the board of directors. In some cases, we have pushed some of our goals further out than the expected timeline.
First and foremost, we believe the US economy will be healthier in 2009 than the previous year. We hope all stocks, companies, employees, and shareholders can prosper in this New Year. And of course, Tank Sports hopes this message finds all of its readers and their families in good financial state.
In the past 18 months the whole world has seen economic turmoil, coupled with a series of seemingly never-ending financial institutions in immense struggle—or worse, succumbing to the world’s financial crises closing their doors. The global economy has suffered a great deal since June 2007. Only the strong and nimble have survived.
Tank Sports has proven both strong and nimble by adopting two principles: lean management and lean manufacturing. We have already executed our lean management plan. Currently we are continuing to build on our lean manufacturing platform.
In December 2008, our company, associates, and affiliates experienced an up tick in sales growth, in part due to our newly adapted principles, but mostly due to industry consolidation. During the New Year holiday, management and sales teams discussed and planned the 2009 business year strategy. The crux of our strategy is to drastically reduce the time management spends on projects that end up resulting in nothing more than wasted time. Tank Sports stands ready, with a lean motivated staff, and managers ready for the challenges and opportunities that will present themselves in 2009. "
Please note: We do not sell to the general public, we only sell our lines of scooters, atvs, dirt bikes & motorcycles to dealers.
Tank Sports Inc.
Trade Symbol: TNSP
Market Cap (intraday):
Enterprise Value (15-Feb-07)3:
Estimated Market Cap $3,631,960 as of Jan 22, 2009
Outstanding Shares 40,355,114 as of Jan 12, 2009
Authorized Shares 200,000,000 as of Jan 12, 2009
Number of Share Holders of Record 150 as of Jan 12, 2009
Float 14,551,518 as of Jan 12, 2009
Tank Sports, Inc. (Tank) was originally incorporated under the laws of the State of California on March 5, 2001, as Bi-Tank, Inc. June 21, 2004, the company amended its Articles of Incorporation changing its name to "Tank Sports, Inc." The principal office and warehouse is located at 10925 Schmidt Road, El Monte, California 91733.
Tank designs, engineers and markets high performance on-road motorcycles & scooters as well as recreational off-road motorcycles, all-terrain vehicles (ATVs), dirt bikes and Go Karts worldwide with affordable price to market through its contracted OEM suppliers and on site quality control team in China and Mexico. Tank offers a wide variety of styles and engine displacements with its enhanced business model.
Through its dealerships, Tank complements each product line with an assortment of replacement parts and performance accessories. Tank not only markets products through its dealer network in the United States, but also through dealers in North America, South America & Europe.
All of Tank products sold in the U.S. are designed and manufactured based on the market standardizations in the U.S., such as the Environmental Protection Agency (EPA) and the Enforcement Division of California Air Resources Board (CARB), with strict quality control.
The $14.6 billion* U.S. market for motorcycles is set to see its 13th consecutive growth year with the support of a key consumer bloc. Baby boomers are heading out on the highway in droves. Motorcycles, including cruisers, sport bikes, touring and dirt bikes accounted for nearly 91% of motorcycle sales in 2004 and scooters, standard bikes and dual-purpose bikes accounted for the rest of the market. All segments have experienced a boost in 2005 and through 2006, due to skyrocketing gas prices, bringing more cycle devotees into the core user group and further changing the face of the motorcycle consumer. In 2003, there were 8.8 million motorcycles in operation in the United States, or 3 motorcycles for every 100 persons. Of those, 6.9 million were used on public roads and highways, and 2.4 million were used off-road, these figures also include 500,000 dual-bikes, which are designed for use on public roads and for off-highway recreational purposes.*
China has recently emerged as a major player on the world motorcycle market. Throughout more than two decades in manufacturing, the entire motorcycle industry in China has managed to produce over 12 million units aggregately in annual output capacity by 2002 already.** This number is more than 60% of entire world output of motorcycle units by the year. As the quality of Chinese made motorcycles improves, the American consumers are buying more motorcycles other than big names. The units sold in the US market alone from Tank jumped 1,900% from year 2003 to 2005.
Observing the market demand for motorcycles with high quality and competitive pricing, Tank Sports, Inc has strived to deliver to its customers their dreamed motorcycles of quality with affordable prices. The company brands "TANK" for its all products lines,
Looks pretty strong here...