SOURCE: Tank Sports, Inc.

May 22, 2007 15:17 ET

Tank Sports, Inc. Joins MN1 News Team for a Live Interview

EL MONTE, CA -- (MARKET WIRE) -- May 22, 2007 -- Wei Luo, vice president of Tank Sports (OTCBB: TNSP), will be joining the Market News First news team for a live interview on Wednesday, May 23rd, 2007, at 11:00 a.m. CDT to discuss the current operational status after the acquisition of Redcat.

After the completion of the acquisition, the company has turned its focus on daily operational procedures to improve the dealer services. "To provide better after sell service, we are building up the largest Chinese motorcycle parts center in the US by consolidating Phoenix and El Monte parts department," said Mr. Luo. "The acquisition is just a prelude of our achievements after being a public company. We are focusing on implementing our business plan in order to reach the revenue goal of 27million in FY 2008."

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.

About Redcat Motors

Established in 2001, Redcat Motors is an importer and distributor of off-road power-sports products from China. The company has 5 regional warehouse locations and a dealership network of over 300 dealers. Redcat has revenue of $70,000 per month for parts, and in 2005 the company had a revenue of $19,000,000. With gross profit of $3.40 million, the company realized a net earning of approximately $643,000 in 2005.


Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live IPTV web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.

Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.

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