Tanke, Incorporated (OTC Pink: TNKE) (PINKSHEETS: TNKE) (the "Company"), a diversified holding company focused on emerging technologies and "cleantech" is pleased to announce the release of 2013 annual financials for the period ending December 31st, 2013. The results show a record achievement in both the company's asset base and revenues increasing by 4,579% and 1,303% respectively.
The Company reported annual assets of $3,896,527 for the period from December 31, 2012 to December 31st, 2013, an increase of $3,813,240 which represents a 4,579% increase as compared with the previous fiscal year.
The Company further reported record revenues of $4,015,198 for the period from December 31, 2012 to December 31st, 2013 recognized and recorded. This represents a revenue increase of $3,729,100 (1,303%) compared to the prior year. Also, operating expenses increased during the same period by $2,779,736 from $359,059 during 2012 to $3,138,795 in 2013. Expenses constituted operational selling, general and administrative expenses, predominantly for business development and marketing.
"2013 was an instrumental year for the company as witnessed by our record results in both our asset base and revenues. On top of being a truly groundbreaking year for us, the many important developments that occurred during 2013 have helped pave the way for even grander initiatives that we are currently accomplishing this year at lightning speed. We highly anticipate this year to be even more fulfilling than the last," Nick Balomenos, Tanke's newly installed COO, stated.
These record increases in both the company's asset base as well as revenues is attributable to the company's successful follow through of its corporate objectives of asset acquisition, proprietary technology deployment, brand promotion and investment in companies that have a global reach.
"We are very pleased with our annual results," Tanke CEO Xiaoying Zhang stated. "2013 served as a platform year which will springboard our initiatives of exponential growth in 2014 and into the future. We also launched our new innovative and strategic incubation program. The successful incubation model of companies can achieve $20 Billion of total market capitalization value when properly financed and the companies are spun-off. We have absolute confidence that the next year will also prove to be excellent. We firmly believe that Tanke is poised to become a major player and leader in the growing environmental and emerging technologies market."
About Tanke Incorporated
Tanke is a diversified holding company with the mission to develop, manage and finance emerging companies in high growth industries. Tanke is focused in the development of environmental technologies and "Cleantech" for a wide range of markets such as commercial, industrial and municipal applications. Tanke believes that globalization and the emergence of Asia stresses natural resources, water, energy and food, and environmental technologies will be at the forefront of the new paradigm shift in usage of resources. Through its subsidiaries and affiliates in the world and with its deep experience in China -- the fastest growing emerging market in the world, Tanke seeks to grow through acquisitions, organic growth in the USA and also in the emerging markets. Our holdings consist of: Environmental & Water technologies, eWaste and reverse logistics technologies, and The Triple R Water recycling technology under the Re:Water™ Brand.
Additional information is available on the Company's website: www.tankeinc.com or contact Investor Relations at: IR@tankeinc.com
Safe Harbor Statement: Certain statements and information included in this release may constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
Additional information is available on the Company's website: www.tankeinc.com or contact Investor Relations at: IR@tankeinc.com
Contact:
Tanke, Inc.
IR@tankeinc.com
SOURCE: Tanke, Inc.
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