SOURCE: Tanke, Inc.

March 10, 2015 12:03 ET

Tanke, Incorporated Reports Annual Results

Record Year End 2014 Balance Sheet of Over $5.08 Million and Revenue of $5,024,856

FORT LAUDERDALE, FL--(Marketwired - Mar 10, 2015) - Tanke, Incorporated (OTC PINK: TNKE) (the "Company"), a diversified holding company focused on emerging technologies and "cleantech," is pleased to announce the release of its annual financials for the period ending December 31, 2014.

TNKE's annual results showed a record total asset base of $5,085,213, which represents a 30.51% increase from $3,896,527 of the same period last year. Revenue for the fiscal year 2014 was $5,024,856, which represents a 25.15% increase from fiscal year 2013. This increase in the asset base and revenue of the Company is the result of the effective implementation of the strategic growth incubation model that was adopted at the end of fiscal year 2013.

Tanke has developed a unique business model that seeks to incubate emerging companies and new market entrants in high growth industries, with untapped potential, allowing for them to successfully develop and spin-off. The model has proven highly successful thus far, enabling incubatees to not only grow their own respective revenues, margins, and capital, but also contribute to Tanke's own asset base and revenue expansion, without having to incur the expenditures that typically accompany the nurturing of, and strategic partnering with emerging growth companies.

"2014 was a solid year for the Company. Our results continue to impress, exhibiting solid quarter over quarter, year over year growth. Our hard work and indefatigable commitment to the Company will no doubt make 2015 an even more successful year than the last," says Carrie Zhang, CEO of Tanke, Inc.

According to the National Business Incubation Association (NBIA) 87% of firms that successfully undergo incubation services remain in business over 5 years, whereas the majority of firms who do not undergo an incubation program tend to fail, typically not surviving more than 5 years. Tanke's enhanced incubation business model and program is designed to not only help ensure long term survival of incubation graduates, but also enhance the value of the Company itself via strategic partnerships and synergistic, acquisitive growth. A successful example was the recent acquisition of incubation graduate GoEZ Discount and its president Ed Torres, who is also the incumbent President of SpikCo USA. Having built a solid growth foundation, the Company will continue to focus its energies on its enhanced incubation model. This model has proven highly effective at positioning the Company for rapid growth acceleration over the coming year.

"With the global economy still undergoing a rebalancing and facing many uncertainties, having a proven business model such as ours is a huge advantage. As shown over the previous year, our model not only serves to buffer against these uncertainties, but more importantly takes full advantage of and capitalizes on them. Thus, despite many pressing challenges ahead, this remains a hugely exciting time for the Company, as we like to believe that the greatest challenges offer the greatest opportunities: opportunities for innovative product development, continued market acceleration, and exponential growth. We have no doubt that 2015 will be our best year to date," Tanke CEO Carrie Zhang added.

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.

Additional information is available on the Company's website: www.tankeinc.com.

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 OTC Markets disclosures and filings (www.otcmarkets.com). 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.

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