Furthers Participation in Food and Beverage Industry
Sep 26, 2014 (eTeligis.com via COMTEX) — FORT LAUDERDALE, FL, United States, via ETELIGIS INC., 09/26/2014 – - Tanke, Incorporated (OTC Pink: TNKE) (PINKSHEETS: TNKE), a diversified holding company focused on emerging technologies and “cleantech,” is pleased to announce its furtherance in the Food & Beverage (F&B) industry in China, via the signing of an Incubation and Management program with Wine Hub, Ltd. (Wine Hub), an emerging retailer and distributor of fine wines in China. This strategic agreement will conclude TNKE’s second embarkation this year in the $1.2 trillion China Food and Beverage market, which is set to become the world’s biggest F&B market this year.
Founded in 2009, Wine Hub is one of China’s early importers of fine American wines. The Wine Hub also acts as a distributor for other renowned global wine labels. The Wine Hub represents over 80 brands and 400 handcrafted wine labels from innovative, independent, and often family-run wineries. Many of the wine labels that are retailed and distributed by Wine Hub consistently win high ratings and critical acclaim from trade publications such as Wine Spectator, Wine Enthusiast, The Wine Advocate and Decanter.
“Our recent signing of the Incubation and Management Agreement with Wine Hub signifies two key points First, this marks Tanke’s continued advancement of its proprietary Incubation and Management Program; a program that nurtures rising companies that possess global reach abilities. Second, this agreement marks Tanke’s second strategic partnership in the F&B industry. Says Nick Balomenos, COO of Tanke, Inc.
According to Euromonitor, sales of wine in China reached$41 billionin 2012. China is currently the world’s 5th largest consumer, as well as producer, of wine and is expected to become the second largest consumer by 2017, growing by 33.8 % reaching 230 million 9-litre cases. Moreover, according to the International Wine & Spirit Research (IWSR) China has become the world’s greatest consumer of red wine with 1.86 billion bottles sold in 2013.
“We are delighted to be a part of Tanke’s Incubation Program. We have seen firsthand the Tanke team’s commitment to the cause of laying the cornerstones and accelerating to market small companies in emerging markets. This agreement signals the start of what will be a promising and profitable relationship for us both.” Stated Frederick Cheng, Founder and Chairman of Wine Hub.
“With China being the market with the largest consumer base the world over, we are always on the constant lookout for new partnerships, especially in this most important of industries.” Further added Nick Balomenos, COO of Tanke, Inc.
Additional information is available on the Company’s website: www.tankeinc.com or contact Investor Relations at: firstname.lastname@example.org
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, Software-as-a-Service’s (SaaS) Enterprise Resource Planning (ERP) software technology, reverse logistics technologies and recycling technology.
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 OTC Markets disclosures and filings (www.otcmarkets.com). 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.
SOURCE: Tanke, Inc.
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