LOS ANGELES, Dec. 19, 2006 (PRIME NEWSWIRE) -- Tank Sports (OTCBB:TNSP) today announces the appointment of Dealer Services Corporation as a primary funding source for dealers who wish to finance ("floor") their inventory. Located in Carmel, IN, Dealer Services Corporation (DSC) is the fastest growing inventory finance company in the United States. Establishing its national footprint with 33 branches, DSC has grown to over 60 full service locations providing national coverage. Led by industry pioneer John Fuller, DSC provides flexible and cost effective inventory financing solutions to dealership operations in the areas of Salvage, Automotive, Rental, RTO (Rent To Own), Powersports and Recreational Marine. Upon credit approval, DSC dealers receive inventory financing with competitive rates. Currently, DSC has contract relationships with over 7,000 dealers nationwide.
"This creates a huge opportunity for our dealers to expand their inventory without depleting their normal financial resources," said Mike Turber, National Sales Manager and Marketing Director of Tank Sports. By signing up the agreement and being approved by DSC, TANK dealers can take up to 365 days to floor their inventory with an area of flexible payment options not otherwise available through other financing means. Turber further stated, "By forming this strategic partnership with DSC, we are showing our customers we are interested in developing a long term growth strategy to help them build their business."
About Tank Sports, Inc.
Tank Sports is a leading company that develops, engineers, and markets high-performance on-road motorcycles & 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.
To find out more about Tank Sports, Inc. (OTCBB:TNSP), you may visit our website at http://www.tank-sports.com for more information. All of Tank Sports' reports can be found on the http://www.sec.gov website.
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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.