LOS ANGELES, Aug. 21, 2007 (PRIME NEWSWIRE) -- Tank Sports, Inc. (OTCBB:TNSP) announced today that Laguna Research Partners LLC will provide research coverage of Tank Sports.
Tank Sports Chairman Jiangyong Ji stated, "We are particularly excited about the enhanced growth opportunities for Tank Sports following our acquisition of RedCat Motors." He added, "Earlier this year, Laguna Research Partners published their own detailed analysis of that acquisition, and we are confident that they will continue to provide our company's shareholders with a fair and balanced analysis of Tank going forward."
Tank Sports recently announced that it had completed the merger of the Tank and Redcat parts distribution centers. The consolidation of those facilities into one immense centralized location now provides Tank Sports and Redcat customers with a 24,000 SQF distribution center that stocks over 5,500 parts for all current and previous model years supplied by the now combined companies and other brands that are imported from China.
"Our firm is honored to have been tapped once again to provide independent research regarding Tank," said Kevin B. Skislock, Partner and Chief Executive Officer of Laguna Research Partners. "In our opinion, the potential benefits of Tank's acquisition of RedCat Motors combined with Tank's impressive China-based manufacturing model could be significant."
Reports issued by Laguna Research Partners regarding Tank Sports can be accessed at www.LRPonline.net/tnsp.html.
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 utilizes the so-called "China Concept" business model 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.primenewswire.com/newsroom/prs/?pkgid=3000
About Laguna Research Partners LLC
Founded in 1998 and based in southern California, Laguna Research Partners (www.LRPonline.net) is a privately held investment research and business intelligence firm that produces company, industry, economic, and geoeconomic research, analysis, and forecasting. The firm's primary objective is to provide its investment research users and business intelligence clients with proprietary, actionable insights.
Disclosure
Tank Sports, Inc. has agreed to compensate Laguna Research Partners a total of U.S. twelve-thousand dollars for an initial report and seven months of research coverage of Tank Sports. No Laguna Research Partners owner, officer, or employee holds a position in and/or engages in transactions with respect to the securities of Tank Sports. Full disclosure information can be accessed at www.LRPonline.net.
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.