August 15, 2007 13:26 ET
Tank Sports to Launch 2nd "Green" Motorcycle
LOS ANGELES, CA--(Marketwire - August 15, 2007) - Tank Sports (OTCBB: TNSP) today announced
that it has successfully completed the development and demonstration stage
of its LPG (Propane) fueled motorcycle, and entered the final stage which
is the U.S. on-road testing.
This is the second (green) vehicle to enter the final phase of testing
released by Tank Sports, the first being an E85 (Ethanol) based motorcycle.
Before being released to the public, Tank Sports required over 5,000 miles
of rigorous on road testing in China combined with over 500 miles of
testing in the U.S. which Tank plans to complete before the end of this
This new model is actually dual powered and can use gasoline as well as
propane. This means, unlike the limited availability of E85, you can fuel
your vehicle virtually anywhere with either fuel. Propane is a
low-emission, economic and easily used fuel that can play an important role
as alternative, non-petroleum fuel for use in vehicles. Propane also has
less of a negative impact on the environment than does gasoline.
Mr. JiangYong Ji, CEO of the company, said, "Everybody should take
responsibility for environmental protection. Tank Sports considers saving
energy and environmental protection as our #1 priority. Motorcycles are
more energy efficient than automobiles, and Ethanol and LPG motorcycles are
more energy efficient than gasoline as well as being economical and more
practical than gasoline. This model will satisfy the need of people who are
concerned about the environment; moreover, it will save consumers' money
when gasoline prices are on the rise and more volatile."
Key advantages to using Propane.
-- Propane is widely available.
-- Propane fuel tanks are 20 times more puncture resistant than
conventional gasoline tanks.
-- "Closed" fueling systems prevent leaking and vapor emissions.
-- Propane emits 60% lower carbon monoxide and 50% lower reactive
hydrocarbons than gasoline.
-- Engines using propane run cleaner and last longer.
-- Propane vehicles can have as much as double the engine life of
-- Propane reduces lubricant contamination by fuel and has little to no
carbon build up in combustion chambers or pistons.
-- "Premium" gasoline has octane ratings of 91-92. Propane's octane
rating is 104.
Tank Sports is leading the industry in exploring the use of alternative
About Tank Sports, Inc.
Tank Sports is a leading company that develops, engineers, and markets high
performance on-road motorcycles and scooters, as well as off-road
all-terrain vehicles (ATVs), dirt bikes and Go Karts through OEMs in China.
It utilizes the so-called "China Concept" to participate in the $31.5
billion annually (data: Motor Industry Council) motorcycle/ATV market.
Safe Harbor Statement
The foregoing news release includes numerous forward-looking statements
concerning the company's business and future prospects and other similar
statements that do not concern matters of historical fact. The federal
securities laws provide a limited "safe harbor" for certain
forward-looking statements. Forward-looking statements in this news release
relating to business developments are based on the company's current
expectations. The company's current expectations are subject to all of the
uncertainties and risks customarily associated with a small business
ventures including, but not limited to, market conditions, successful
product development and acceptance, competition and overall economic
conditions, as well as the risk of adverse regulatory actions. The
company's actual results may differ materially from current expectations.
Readers are cautioned not to put undue reliance on forward-looking
statements. The company disclaims any intent or obligation to update
publicly these forward-looking statements, whether as a result of new
information, future events or for any other reason.