SOURCE: Tank Sports, Inc.

August 30, 2007 08:30 ET

CEO of Tank Sports Delivers Grateful Message to the Company Shareholders

LOS ANGELES, CA--(Marketwire - August 30, 2007) - Today the CEO of Tank Sports (OTCBB: TNSP) delivered a grateful message to the Company shareholders through Marketwire News and updated business development in the company.

Since August, the business has continued to resume its normal operation. The sales revenue started acceleration quickly.

Since August 1st, Tank (Guangzhou) Motor Vehicle Company Ltd., an affiliated motorcycle manufacturer, has been in the process of completing a second production line in its brand new state of the art manufacturing facility in Guangzhou, China. The annual production capacity will be increased to 400,000 units. The initial group of purchase orders accepted by the new factory facility includes 250cc Sport Bike of amount of $400,000. Tank's commitment to be the industry leader in China is becoming a reality on a progressive daily basis. Mr. Ji stated, "We are truly excited to have our sport bike, which is solely developed with our unique technology know-how and premium quality, selected by our customers as this is the flagship of our current line of motorcycles and a testament to the hard work and dedication put forth by our employees."

Tank (Guangzhou) has also spun off a frame testing unit from its R & D department as an independent factory to include frame production. Bringing this capability "In House" allows Tank to ensure quality and performance while guaranteeing direct access to the most important component of vehicle manufacturing. On August 20, the first 400 pieces of quality bike frames were delivered from the factory.

"We now have completed the initial infrastructure and progressed one step further to merge with Tank Sports, Inc. (USA), which will further allow Tank upgrade listings in major stock exchanges, such as NASDAQ. We expect to release the complete upgrade listing plan in the third fiscal quarter of 2008," said Jiang Yong Ji.

About Tank Sports, Inc.

Tank Sports is a leading company that develops, engineers, and markets high-performance on-road motorcycles and scooters, off-road all-terrain vehicles (ATVs), dirt bikes and Go Karts through OEMs in China. It utilizes the so-called "China Concept" business model 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.

Contact Information