Year End 2014 balance sheet of over $4.8 million and YTD revenue of $4,040,856
FORT LAUDERDALE, (December 16, 2014) – Tanke, Incorporated (the “Company”), a diversified holding company focused on emerging technologies and “cleantech” is pleased to announce the release of its third quarter financials for the period ending September 30th, 2014.
Financial performance in the 3rd Quarter has positioned Tanke favorably towards the company achieving its 2014 target.
TNKE’s 3rd Quarter ending September 2014 showed a total asset base of $4,833,717 which is a 36.10% increase from $1,282,204 of the same period last year. Revenue from the 3nd Quarter was $644,536 with Year to Date ending September 30, 2014 revenue accumulating to $4,040,856, which represents an 857% increase from the same period last year.
“Our team is working extremely hard to build a solid foundation to achieve significant growth and the results are becoming visible. We want to maintain our momentum and build upon it with even greater confidence. Based on the third quarter results and our intense focus to complete the year in a high note, we look forward to a very successful 4th quarter of 2014.” said Tanke CEO Carrie Zhang.
It is the company’s intention to have a comprehensive investors’ communication plan. The company is providing this financial guidance to be followed by an increased media relations programs in order to make the public and constituents fully aware of our plans, accomplishments and development as they occur.
By using the asset base model, Tanke has continued to show growth and its potential through positive increases from last quarter. “We believe that our hard efforts will result to further improvement of company’s margins and will propel its position to become a major player not only in the growing environmental and emerging technologies market but also in incubation program for SMEs” Tanke CEO Carrie Zhang added.
2014 Financial Guidance
Tanke Incorporated has issued financial guidance for 2014. The company’s 2014 operating revenues are estimated to be in the range of $4.8mm to $5.5mm and a balance sheet asset base of over $5.5mm. The company’s financial and business forecasts are subject to numerous risks, including those described under “Forward Looking Statements” below and under “Risk Factors” in its annual and quarterly reports.
Tanke has developed a unique business model that seeks to incubate emerging companies and new market entrants in high growth industries, allowing for them to successfully develop and spin-off. The model will enable Tanke to exhibit promising growth of its asset base, without having to incur the expenditures that typically accompany the nurturing of emerging growth companies’ revenues. Once the companies have improved revenues, margins and capital, Tanke intends to spin-off the companies.
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.
Additional information is available on the Company’s website: www.tankeinc.com or contact Investor Relations at: email@example.com