Laguna Research Partners Releases Analysis of Acquisition Between Tank Sports and People's Motor International
LOS ANGELES, Nov. 28, 2007 -- Tank Sports, Inc. (BULLETIN BOARD: TNSP) today announced that Laguna Research Partners LLC has released a Research Report providing its analysis of the recently completed merger between Tank Sports and People's Motor International LTD (PMI), a British Virgin Islands company with manufacturing operations in Pudong, Shanghai. The company generated $4.45 million in sales for the first 8 months of 2007. Tank Sports expects cost saving are likely to be realized as a result of this merger.
In part, the Laguna Research Partners analysis of the planned Tank Sports and PMI merger states, "In the opinion of Laguna Research Partners, Tank's January 2007 acquisition of RedCat Motors, February 2007 financing of $1.1 million, and operating expense reductions, provide the foundation for improved operating results over the next several years. The company's acquisition of PMI, in our opinion, provides even greater certainty regarding Tank's ability to achieve our projected revenue and profit figures."
"We are highly impressed by Tanks' acquisition of PMI and planned acquisition of certain assets from National from two important perspectives."
For details of the report, please log in LRP's Web site at: http://www.lrponline.net/
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" to participate in the $31.5 billion annually (data: Motor Industry Council) motorcycle/ATV market.
About People Motor International LTD.
People Motor International (PMI)., PMI is a British Virgin Islands company with manufacturing operations in the Pudong section of Shanghai, and its primary brand name is Dazon. The company is a notable buggy and go-kart developer and manufacturer. It's products range from 90 cc to 1100 cc engine displacement, and it has a special focus motorsports vehicles approved by the European Economic Community (EEC) and the US Environmental Protection Agency (EPA).
About Laguna Research Partners LLC
Founded in 1998, Laguna Research Partners (http://www.lrponline.net/) is a privately held business intelligence and research firm that produces company, industry, economic, and geo-economics research, analysis, and forecasting. LRP's objective is to provide its research users and consulting clients with proprietary, actionable insights.
Disclosure
Laguna Research Partners was compensated four thousand five hundred dollars by Tank Sports, Inc. to issue one Update Report and payment was made prior to the issuance of that report. Tank Sports, Inc. has also compensated Laguna Research Partners seven thousand five hundred dollars for seven months of research coverage. No Laguna Research Partners owner, officer, or employee holds a position in and/or engages in transactions with respect to the securities of Tank Sports, Inc. Full disclosure information can be accessed at http://www.lrponline.net/.