Tanke, Incorporated (OTC Pink: TNKE) (PINKSHEETS: TNKE) (the "Company"), a diversified holding company focused on emerging technologies and "cleantech" is pleased to announce the signing of an incubation and investment agreement with Unepay Inc. a rapidly emerging company in both the e-commerce and telecommunications business.
Unepay's E-Commerce discount couponing and retail business currently has over 100 thousand subscribers and is forecasted to exceed 2 million by year end. Unepay targets the underserved Hispanic market which currently comprises approximately 60 million people (approximately 20% of the US population) and is expected to triple by 2050; currently the Hispanic market has a buying power worth $1 trillion, and is expected to grow another 50% to $1.5 trillion in the next five years.1
Tanke is to serve as Unepays' primary incubator during this important stage of Unepay's growth providing advice including the development of a Master Plan for UnePay's to achieve aggressive expansion, the arranging for capital investments and assisting in identifying partnership for its expansion. The agreement includes an injection of $1.6 million seed capital into Unepay over the next 12 months to fulfill its immediate growth requirements.
"This agreement is in alignment with our recently launched, innovative and strategic incubation program; a program that is aimed at accelerating commercialization and achieving enhanced market reach for emerging growth companies that promise significantly growth potential," stated Nick Balomenos, COO of Tanke Inc.
According to Forrester Research, online retail sales in the United States is forecasted to reach $370 billion by 2017; eMarketer further forecasts global ecommerce to exceed $1.8 trillion by 2016. Specifically, discount ecommerce alone has shown a steady 35% year over year growth over the last three years and is expected to achieve $8 billion by 2015, representing an overall 1440% growth from 2011.
"UnePay has aggressive expansion plans currently underway to capture a significant portion of the target market over the next few years. Tanke's incubation model coupled with our proprietary technologies and cross border abilities is by far the most comprehensive incubation plan that exists to help companies achieve exponential growth," stated Nick Balomenos COO of Tanke.
Additional information is available on the Company's website: www.tankeinc.com or contact Investor Relations at: IR@tankeinc.com
References:
- Nielsen Report (Hispanic Buying Power) 02/02/2013
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 and the uSMART™ brand.
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
SOURCE: Tanke, Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
TNKE_4-23-14_ELS_ETL.docx
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