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