TANKE INCORPORATED (OTCMKTS:TNKE) Reports Four Digit Increase In Revenue And Assets For FY13

TANKE INCORPORATED (OTCMKTS:TNKE) announced block buster results from its 2013 operations on 21st April before markets opened. The highlight of the results announcement by the penny stock firm dealing in clean technology was the nearly 4579 percent increase in the company’s asset base in the year, where as its annual revenue went up by a resounding 1303 percent. The results were for operations period between January to December of last year.

Highlights

Annual assets of TANKE INCORPORATED (OTCMKTS:TNKE) came in at $3.89 million in the reporting quarter, where as its revenue came in at $4.01 million. In line with the revenue, operating expenses too went up by $0.359 million from previous year’s $2.77 million.

2013 – Seminal Year

Expressing his happiness at the resounding results announcement and his confidence on a encore of the same in the current fiscal, TANKE INCORPORATED (OTCMKTS:TNKE) Chief Operating Officer Nick Balomenos has been quoted to have said that, “2013 was an instrumental year for the company as witnessed by our record results in both our asset base and revenues. On top of being a truly groundbreaking year for us, the many important developments that occurred during 2013 have helped pave the way for even grander initiatives that we are currently accomplishing this year at lightning speed. We highly anticipate this year to be even more fulfilling than the last.”

The increases reported is a vindication of the firm’s business model of going after aggressive asset accumulation on the back of developing proprietary technology which in turn differentiates it from its competition.

Strong Outlook For 2014

CEO Xiaoying Zhang in his statement post the earnings release has been quoted to have said that the 2013 is the solid platform on which the company will be striving to launch its 2014 operations effort of growing into a large cap firm with global reach. He has declared that the company aims to emerge as a $20 billion market cap firm once it starts to monetize various segments of its business.

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