LOS ANGELES, Nov. 21, 2006 (PRIMEZONE) -- Tank Sports, Inc. (OTCBB:TNSP) today announces that it will hold a champagne reception and new product release conference at the Pacific Palm Conference Resort in the City of Industry on Nov. 29th, 2006 at 3:00pm, celebrating Tank going public a month ago, as well as a demonstration of TANK(tm) 2007 new models. Friends from the media and representatives of shareholders, TANK(tm) dealers, investors, financial professionals, local government officials, and local business and community leaders are invited to the reception.
At the reception, all the guests will have an opportunity to mingle with Tank's top management team and employees. This will be a showcase of the company's quality performance motorcycles, scooters, go karts and ATVs shipped from China under its China Concept business model.
Since Tank Sports started trading on the OTCBB on November 1st, the company's stock has been actively traded. Stock prices rose from the $0.75 opening to the current $2.80 as of November 17th. The company is hosting this champagne reception and new product release conference to express its gratitude to the business partners and investors for offering them continuous support.
There will be souvenirs and prizes including 2 FREE giveaway motorcycles, at the conference.
If you are interested in attending the Tank reception and conference, please make your reservations with the company's Investor Relations Department; the contact person is Wei Luo.
Contact: Wei Luo 1-866-969-8265 Date: November 29th, 2006 Tel: 626-350-4039 Time: 3:00 PM to 4:30 PM Email: ir@tank-sports.com Location: City of Industry 10925 Schmidt Rd. Pacific Palm Conference Resort El Monte, CA 91733 One Industry Hills Parkway PLEASE RSVP BEFORE NOVEMBER 24th City of Industry, CA 91744
About Tank Sports, Inc.
Tank Sports is a leading company that develops, engineers, and markets high performance on-road motorcycles & scooters, off-road all-terrain vehicles (ATVs), dirt bikes and Go Karts through OEMs in China. It participates in the $31.5 billion annually (data: Motor Industry Council) motorcycle/ATV market.
Since it commenced, Tank Sports has already sold more than 22,000 units of motorcycles/ATVs under its proprietary brand name TANK(tm). The company achieved $7.53 million in revenue for the fiscal year ended Feb 28, 2006. From 2001 to 2005, the company grew by 16 times, or at the compounded average annual growth rate of 105%. The Company reported net earnings of $275,406 for the first two fiscal quarters that ended August 31, 2006 (unaudited).
The Tank Sports, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=3000