Business
Tanke Signs Incubation and Investment Agreement With Unepay
Tanke Signs Incubation and Investment Agreement With Unepay.
About this update from Tanke Incorporated
[{"type":"text","content":"\n \n \n Tanke Signs Incubation and Investment Agreement With Unepay\n \n \nTanke Signs Incubation and Investment Agreement With Unepay\n\nTanke to Develop Master Plan for Rapid Expansion and $1.6 Million Seed Investment\n\n \n ST LOUIS, MO--(Marketwired - Apr 23, 2014) - Tanke, Incorporated (OTC Pink: TNKE) (PINKSHEETS: TNKE) (the \"Company\"), a diversified holding company focused on emerging technologies and \"cleantech\" is pleased to announce the signing of an incubation and investment agreement with Unepay Inc. a rapidly emerging company in both the e-commerce and telecommunications business.\n Unepay's E-Commerce discount couponing and retail business currently has over 100 thousand subscribers and is forecasted to exceed 2 million by year end. Unepay targets the underserved Hispanic market which currently comprises approximately 60 million people (approximately 20% of the US population) and is expected to triple by 2050; currently the Hispanic market has a buying power worth $1 trillion, and is expected to grow another 50% to $1.5 trillion in the next five years.1\n Tanke is to serve as Unepays' primary incubator during this important stage of Unepay's growth providing advice including the development of a Master Plan for UnePay's to achieve aggressive expansion, the arranging for capital investments and assisting in identifying partnership for its expansion. The agreement includes an injection of $1.6 million seed capital into Unepay over the next 12 months to fulfill its immediate growth requirements.\n \"This agreement is in alignment with our recently launched, innovative and strategic incubation program; a program that is aimed at accelerating commercialization and achieving enhanced market reach for emerging growth companies that promise significantly growth potential,\" stated Nick Balomenos, COO of Tanke Inc. \n According to Forrester Research, online retail sales in the United States is forecasted to reach $370 billion by 2017; eMarketer further forecasts global ecommerce to exceed $1.8 trillion by 2016. Specifically, discount ecommerce alone has shown a steady 35% year over year growth over the last three years and is expected to achieve $8 billion by 2015, representing an overall 1440% growth from 2011. \n \"UnePay has aggressive expansion plans currently underway to capture a significant portion of the t...