Tanke, Inc. Announces 4th Quarter and Fiscal Year 2013 Results
St. Louis – March 12, 2013 – 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 $74,929 for the period from September 1, 2012 and December 31, 2012 recognized and recorded. This represents a revenue of $286,096 for the period from January 1, 2012 to December 31, 2012, as compared to $178,669 for the prior 12 month period of 2011, a sixty percent increase.
The Company had operating expenses of $79,031 for the period from September 1, 2012 to December 31, 2012. These expenses represent a 9.82% decrease in expenses during this period. In an annual basis, this represents expenses of $359,059 for the 12 month period from January 1, 2012 to December 31, 2012 an increase of 94% for operations, selling and general administration expenses mainly as expenses for business development and marketing.
“TNKE achieved good results in the fourth quarter this year and have built a good platform for growth” said Carrie Zhang, CEO of TNKE. ” We are now executing 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