Tanke Announces 3rd Quarter Earning Results for 2012

Tanke, Inc. Announces 3rd Quarter 2012 Results

St. Louis – October 16, 2012 – Tanke Incorporated (OTC: TNKE), a  diversified holding company focused on emerging technologies and ‘cleantech’ for a wide range of markets such as animal sciences, hospitality, commercial, industrial and municipal applications, announced positive quarterly earnings for September 2012.

The Company reported revenues of $70,739 for the period from January 1, 2012 and March 30, 2012, and from April 1, 2012 to June 30, 2012 the Company had revenues of $4,778 recognized and recorded.

 For the period from July 1, 2012 to September 30, 2012 the Company had revenues of $135,651 recognized and recorded. This represents an increase in revenues of $130,873.  However, expenses also increased during the same period.

The Company had operating expenses of $144,943 for the period from January 1, 2012 and March 30, 2012 and expenses of $47,445 for the period from April 1, 2012 to June 30, 2012.

For the period from July 1, 2012 to September 20, 2012, the Company had operating expenses of $87,640 for operations, selling and general administration expenses mainly as expenses for operation and business development and marketing.  These expenses represent an 84.72% increase in expenses during this period.

“TNKE achieved good results in the third quarter this year and is poised for growth” said Carrie Zhang, CEO of TNKE.  ” We are now ready to execute our  enhanced business plan toward developing a portfolio of emerging companies and emerging technologies,” noted Carrie Zhang, TNKE’s  Chief Executive Officer.

 About Tanke Incorporated

Tanke is a diversified holding company with the mission to develop, manage and finance emerging companies. Tanke is focused in the development of environmental technologies for a wide range of markets such as animal sciences, hospitality, commercial, industrial and municipal applications

Posted in Financial News