LOS ANGELES, March 21, 2007 (PRIME NEWSWIRE) -- Tank Sports (OTCBB:TNSP) today announces that the first stage of research and development has been completed for its new 150cc and 250cc motorcycles that run on E85 ethanol (85% alcohol, 15% gasoline).
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Ethanol is a clean-burning, high-octane fuel that is produced from renewable sources. At its most basic, ethanol is grain alcohol, produced from crops such as corn. Because it is domestically produced, ethanol helps reduce America's dependence upon foreign sources of energy.
"After 7 months of research and development along with 3000km of road testing, Tank quality control has inspected and the research results in aspects of technology, safety measures, and performance," said Tank CEO Jiangyong Ji. "We have verified that the core development process has been completed, and the second stage of testing will commence, including 5000 km of road testing."
Tank's goal is to bring the E85 ethanol fueled units into the U.S. and international market by August of 2007. "Tank's promotion of ethanol fueled motorcycles is an effort for environmental protection, and we are dedicated in reducing pollution through the use of alternate fuels and making further contributions to improve the environment," said Tank CEO Jiangyong Ji.
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 through OEMs in China. It utilizes the so-called "China Concept" to participate 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. 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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