Tanke, Inc. Announces 2nd Quarter 2013 Results
St. Louis – August 2, 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 the period of April 1 to June 30, 2013.
The Company reported revenues of $111,295 for the period from April 1, 2013 and June 30, 2013 recognized and recorded. This represents a revenue decrease of $1,912 compared to prior quarter. Also, expenses decreased during the same period.
The Company had operating expenses of $257,962 for the period from April 1, 2013 to June 30, 2013. These expenses represent an increase of $26,664 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 second 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 the progress of our 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