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Tanke, Incorporated Reports on Third Quarter Results and Financial Guidance
Tanke, Incorporated Reports on Third Quarter Results and Financial Guidance.
About this update from Tanke Incorporated
[{"type":"text","content":"\n \n \n Tanke, Incorporated Reports on Third Quarter Results and Financial Guidance\n \n \nTanke, Incorporated Reports on Third Quarter Results and Financial Guidance\n\nYear End 2014 Balance Sheet of Over $4.8 million and YTD Revenue of $4,040,856\n\n \n FORT LAUDERDALE, FL--(Marketwired - Dec 16, 2014) - Tanke, Incorporated (OTC PINK: TNKE) (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.\n Financial performance in the 3rd Quarter has positioned Tanke favorably towards the company achieving its 2014 target.\n 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 3rd 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.\n \"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.\n 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.\n 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.\n 2014 Financial Guidance\n 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...