Tanke Inc Announces 1st Quarter 2013 Results

Tanke, Inc. Announces First Quarter 2013 Results

St. Louis – June 8, 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 January 2013.

The Company reported revenues of $70,739 for the period from January 1, 2013 and March 31, 2013 recognized and recorded.  This represents a revenue decrease of $4,190 compared to prior quarter. Also, expenses decreased during the same period.

The Company had operating expenses of $231,298 for the period from January 1, 2013 to March 31, 2013.  These expenses represent an increase of $152,267 compared to last quarter.  Expenses were for operations, selling and general administration expenses and mainly as expenses for business development and marketing.

“TNKE achieved good results in the first quarter this year and our increase in expenses are a reflection of our efforts and commitment to growth” said Carrie Zhang, CEO of TNKE.  ” We are also pleased with our entry into the eWaste and electronic reverse logistics business with our investment into E-Waste Systems Inc.  We will continue our pace of investment in cleantech and supporting the development of innovative technologies.  We look forward having a wide and strong 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, Uncategorized