LOS ANGELES, Nov. 8, 2006 (PRIMEZONE) -- Tank Sports Inc. (OTCBB:TNSP), a worldwide distributor of high-quality Chinese manufactured motorcycles, ATVs, dirt bikes, scooters and Go Karts under its exclusive TANK(tm) product lines, today announced the launch of a new model of Sports Bike motorcycles of Vision 250 Topline Khaos (250cc sports bike) and introduced two new ATV models to its product lines. The Vision(tm) 250 Topline Khaos is the first sports bike in the 250cc class made in China. The Company also introduced two new models of All Terrain Vehicles (ATVs) -- Scout 250U (250cc ATV) and Scout 400U (400cc ATV).
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"We are proud to introduce these three new models to the domestic markets," said Ms. Jingjing Long, President of Tank Sports, Inc. "We first launched our Vision(tm) 250cc on-road motorcycle series in 2005. To the best of our knowledge, this series of Chinese manufactured on-road motorcycle is one of the earliest recipients of EPA certification in California. We've received warm receptions from our dealers and distributors since then. Our new Topline Khaos series provides a variety to 250cc on-road motorcycles with a Sport Bike design. Historically, we have introduced new and improved models to our product lines. Today, we continue this tradition and further our business strategy in achieving a 'World Class Brand Name' for Motorcycles and ATVs 'Made in China.'"
Tank Sports now has 7 models of ATVs. The 400cc ATV features 4 wheel drive capability and also has mounting brackets for an optional winch. Both models utilize semi-automatic 5 speed transmissions for ease of use. The Company introduced these units as a demonstration of value priced Chinese technology, with which Tank continues to strive for a larger ATV market share in the U.S.
The new Tank sports bike, Vision 250 Topline Khaos, belongs to the Tank Vision series. Other top performing Vision motorcycles include the "Vision 250 E" and the "Vision R3." Tank Sports is one of the first to bring motorcycles, ATVs and similar products, "Made in China," to the US market with well developed technology, high performance and value added pricing.
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 participates in the $31.5 billion annually (data: Motor Industry Council) motorcycle/ATV market.
Since it commenced, Tank Sports has already sold more than 22,000 units of motorcycles/ATVs under its proprietary brand name TANK(tm). The company achieved $7.53 million in revenue for the fiscal year ended Feb 28, 2006. From 2001 to 2005, the company grew by 16 times, or at the compounded average annual growth rate of 105%. The Company reported net earnings of $275,406 for the first two fiscal quarters that ended August 31, 2006 (unaudited).
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Further information about Tank Sports, Inc. classification and similar matters is available by sending email to: IR@tank-sports.com, or
Contact Mr. Wei Luo 1-866-969-8265.
To find out more about Tank Sports, Inc. (OTCBB:TNSP), you may visit our website at http://www.tank-sports.com or send email: IR@tank-sports.com for more information. You may find all of our filings and reports on the http://www.sec.gov website.
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.
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