Tanke, Inc. Announces Continuation of Stock Buyback Plan
April 16, 2018 --
LAS VEGAS, April 16, 2018 /PRNewswire/ -- Tanke, Inc. (OTC PINK: TNKE) is a developmental stage diversified holding company, with the mission to develop, manage, and finance emerging companies in high growth industries. Tanke is focused on the development of environmental technologies.
Tanke, Inc. (OTC PINK: TNKE) (the "Company") TNKE President stated, "We are committed to delivering shareholder value, and this buyback program authorization reflects the board's confidence in both our short-term prospects and our long-term growth strategy. We believe that the current market value of our shares does not accurately reflect the underlying value of the Company and the buyback program represents an attractive opportunity to deploy capital in a way that will benefit stockholders."
Under the share buyback program, buybacks may be made from time-to-time in open market and negotiated purchases, effective immediately through the next twelve months. These buybacks will be made in compliance with the SEC's Rule 10b-18, subject to market conditions, available liquidity, cash flow, applicable legal requirements and other factors. This program does not obligate the Company to acquire any amount of common stock and the program may be suspended or discontinued at any time. The Company expects to finance the purchases with the existing of the capital that was raised.
Regarding OTC Markets and Nevada Secretary of State, company legal team has filed its annual reports and letter of attorney, with OTC Markets. Legal team is also renewing our status with Nevada Secretary of State.
The Company will keep the investment community and its shareholders informed of the entire process as the details continue to develop.
About Tanke, Inc.
Tanke, Inc. is a developmental stage diversified holding company, with the mission to develop, manage and finance emerging companies in high growth industries. Tanke is focused on the development of environmental technologies.
This release contains forward-looking statements that reflect Tanke, Inc.'s plans and expectations. In this press release and related comments by Company management, words like ''expect,'' ''anticipate,'' ''estimate,'' ''goal'' and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any expressed or implied by these forward-looking statements.
SOURCE Tanke, Inc.
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