LOS ANGELES, June 15, 2007 (PRIME NEWSWIRE) -- Tank Sports, Inc. (OTCBB:TNSP) Tank Sports announced today that it has completed the merger of the Redcat and Tank Sports parts distribution centers. The consolidation of the two distribution centers into one immense centralized location will provide Tank Sports and Redcat customers with over 5,500 parts and a 600,000CF facility stocked with parts for all current and previous model years supplied by the now combined companies.
"The China Powersports Industry is looking for a lead supplier of not only products, but also quality parts. Tank Sports, after consulting with many of our own customers, has decided that in an effort to best serve the Powersports community we will take an initiative to provide parts not only for the products we sell, but also for the over 30 brands of other Powersports products on the market currently shipping from China," said Mike Turber, Recently appointed Director of Sales and Marketing.
The consolidation of the two parts distribution centers is a key factor in building the Tank brand name. "We want all dealers to see Tank Sports as a leader in not only providing the best quality products currently exporting from China, but also as a key supplier of parts for all brands of Powerports products currently manufactured in China," said Tank CEO Jiangyong Ji.
By consolidating the Redcat and Tank Sports parts distribution centers into one central location, Tank Sports has created what is perhaps the largest single source of parts for China Powersports products in the USA.
About Tank Sports, Inc.
Tank Sports is a leading company that develops, engineers, and markets high-performance on-road motorcycles and scooters, off-road all-terrain vehicles (ATVs), dirt bikes and Go Karts through OEMs in China. It utilizes the so-called "China Concept'' business model to participate in the $31.5 billion annually (data: Motor Industry Council) motorcycle/ATV market.
Safe Harbor Statement
The foregoing news release includes numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited "safe harbor'' for certain forward-looking statements. Forward-looking statements in this news release relating to business developments are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with a small business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.
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