Tanke Inc. Announces New Cloud Based Technology uSMART(TM)
Enhances Executive Management Team
ST. LOUIS, MO–(Marketwired – Mar 18, 2014) – Tanke, Incorporated (OTC Pink: TNKE) (PINKSHEETS: TNKE) (the “Company”), a diversified holding company focused on emerging technologies and “cleantech” is pleased to announces the launch of uSMART™, a cloud-based technology targeting emerging companies in need of integrated multilingual cross-functional planning and optimized operations. Simultaneously, the Company also announces enhancement to its executive and operational management team lead by Mr. Nick Balomenos, appointed as Chief Operating Officer (COO), to cope with the growth needs of the company.
uSMART™ nascence comes as a solution for the Small to medium enterprises (SMEs) that often face the challenge and pains of growing due to lack of technology to incorporate best practices. “uSMART™ is a strategic tool that will allow Tanke to improve the management and operations of its portfolio companies and also allows to provide assistance to over 4 million SMEs in the United States and over 200 million all over the world,” stated Xiaoying Zhang, CEO of Tanke.
The market for Software-as-a-Service (SaaS) is forecast at a CAGR of 19.5% through to 2016, with global SaaS spending projected to grow 143% from $13.5bn in 2011 to $32.8bn in 20161. uSMART™ is a flexible and cost-effective Cloud-Based, Software-As-A-Service (SaaS) Enterprise Resource Planning (ERP) proprietary software technology based on NetSuite2 and Oracle Hyperion3. uSMART™ combines technology with best practices, to improve productivity and optimize planning, while simultaneously incorporating all business areas into a real-time, centralized database. uSMART™ integrates sales and distribution, warehouse management, transportation management, Customer Relations Management (CRM), business intelligence, and finance in a single platform, making it the turn-key solution for companies that seek to drastically enhance their performance.
“The launch of uSMART™ is strategic and becomes a main tool for our increasing number of emerging companies. The number of incubation projects and companies has increased since our enhanced incubation program was announced in January. We will immediately introduce it companies in our incubation program first. uSMART™ has wide reaching impact in addition to be strategic. It provides the ideal solution for companies looking for a custom-tailored, one-size-fits all solution to their growing complexity, capacity and cost savings requirements,” says Xiaoying Zhang, CEO of Tanke.
Simultaneously with the launch of uSMART™ the company announced today the appointment of new operational management, Mr. Nick Balomenos as Chief Operations Officer(COO) and an operational management team consisting of staff and consultants that will provide better services to the many companies joining the incubation program. “I welcome Mr. Balomenos to this position. His attention to intense performance and high growth track record is what attracted us to appoint him to lead the company in our next growth phase,” stated Ms. Zhang, CEO of Tanke.
“Becoming a member of Tanke’s executive team at this point in its corporate development is an exciting opportunity. I look forward to help Tanke achieve significant future growth in the near future. I firmly believe that Tanke has a unique asset base model and as innovative incubation program which give it so much potential that we can fully realized,” stated Mr. Balomenos as COO of Tanke.
Mr. Balomenos is the founder of Profit Seeker (UK) LLC which provides micro funding to small and medium capitalization companies. He is also an investment banker and executive manager with a background in various industries including logistics, e-commerce, shipping cruises and electronic waste.
“Tanke, has recently entered new markets, formed new strategic business units and global alliances, and thus is crucial to have a finance driven high level executive to assist in managing our growing operations. The role of Mr. Balomenos as COO is to oversee our growing operations since the start of 2014,” said Ms. Zhang, CEO of Tanke.
“Mr. Balomenos’ strong personal understanding of multi-cultural work style and communication as well as his strength in building teams and developing people will be an excellent fit for Tanke’s people-oriented culture. We intend to continue assembling a team of high performance key executives over the coming months, that will ensure we have the human resource capacity essential to meeting our growth requirements, streamlining our business operations and achieving our diversification objectives,” stated Xiaoying Zhang, CEO of Tanke, Inc.
About Tanke Incorporated
Tanke is a diversified holding company with the mission to develop, manage and finance emerging companies in high growth industries. Tanke is focused in the development of environmental technologies and “Cleantech” for a wide range of markets such as commercial, industrial and municipal applications. Tanke believes that globalization and the emergence of Asia stresses natural resources, water, energy and food, and environmental technologies will be at the forefront of the new paradigm shift in usage of resources. Through its subsidiaries and affiliates in the world and with its deep experience in China — the fastest growing emerging market in the world, Tanke seeks to grow through acquisitions, organic growth in the USA and also in the emerging markets. Our holdings consist of: Environmental & Water technologies, eWaste and reverse logistics technologies, and The Triple R Water recycling technology under the Re:Water™ Brand.
Safe Harbor Statement: Certain statements and information included in this release may constitute “forward-looking statements” as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management’s projections, estimates and expectations is contained in the Company’s SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.