1. Established R&D and manufacturing base in
2. Tank is continuously developing products based on our own intellectual property & patented technology.
3. Using global market positioning we are ready to take the advantage of
the synergy of the mergers and acquisitions completed over the last 18 months.
Consolidating the sales teams to market and sell the products from the
During 2007, with the impact of sub-prime mortgage crisis in the
Starting in March of 2008, the company took a major step in re- organization of PMI Shanghai Co Ltd.
1. We reduced the number of foreign senior directors from 6 to 3 and localized the management staff. Therefore, the company cut down its salary overhead by 50%, and improved the execution of the overall management strategy.
2. Tank Sports concentrated on marketing and promoting high quality, high
performance, and high margin products with a flagship represented as 1100CC
buggy. In order to do this, the company has invested additional production
equipment. On the cost cutting front, we have removed redundant employees to
reduce manufacturing overhead expenses. At this time, the
3. Tank Sports consolidated the international sales force by integrating
three international sales offices into one, in order to seek unity of
coordination and management. From June to September of this year, the company
has retained purchase orders which average 120 units to 140 units per month
for the 1100cc dune buggy. This ensures the production base in
"Guangzhou Tank (
1. We have combined potential new customers after the Guangzhou Expo with Dazon and Tank's existing customer network, the customer base has been increased;
2. 150cc motorcycles, 50-150cc scooters, 250cc super bike motorcycles, 90cc to 300cc dune buggies and 150cc to 350cc ATV as well as OEM of 150cc and 260cc Scooters.
3. 350cc cruiser motorcycle, 350cc dirt bike, and 600cc ATV are in pilot production in July. We will mass produce these products starting from the end of July.
4. Our 1500cc Personal Water Craft (PWC) will be sent for test runs on ocean water followed by mass production in September.
5. Also in September, we will launch a 350cc enduro style dirt bike. And in October we will launch our 350cc super bike motorcycles.
6. In August and September, we will seek to obtain EPA/CARB certificates
for the new products to be launched in the
7. The core technology of the company: Tank owns the technology of 350cc GS engine with 32 horse power, and the motorcycle & super bike motorcycle as well as the dirt bike equipped with the engine which can obtain the maximum speed of 160 km/hour to allow to run on the highway and public roads; A 600cc ATV with 52 horse power, the most powerful ATV made in China as of today; finally the 1500cc PWC with twin cam.
8. In October, we will actively promote our products in the KOLN INTERMOT
exhibition, and
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 in China. Motorcycle / ATV market. Tank Sports' primary advantage is its efficient distribution network in the U.S. For more information please visit http://www.tank- sports.com
Safe Harbor
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 venture 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 these 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.
SOURCE Tank Sports, Inc.