EL MONTE, Calif., Feb. 26, 2007 (PRIME NEWSWIRE) -- Tank Sports, Inc (OTCBB:TNSP) today indicates that the company led by the seasoned entrepreneurs is operating as usual to its growth targets. Since its startup 6 years ago, the company has had a successful track record of the execution of its business plan, including most recently: going public Nov 1, 2006; 1-to-4 forward stock splitting; acquisition of Redcat Motors; the disclosure of the associated entities; and forming strategic partnerships with others. As of today, the company has been able to grow its dealership to more than 530, through its own efforts and acquisition. The company's global fast growth strategy is being strengthened by its R & D, engineering and production resources.
Tank Sports is expected to file its combined financials with the acquisition of Redcat Motors to the SEC soon, and the CEO will soon have a discussion of the company's year plan and financial estimates for 2007.
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 so-call "China Concept" to participates in the $31.5 billion annually (data: Motor Industry Council) motorcycle/ATV market.
The Tank Sports, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=3000
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.