PALO ALTO, Calif., Oct. 30 /PRNewswire-FirstCall/ -- Tanke Inc., a
Nevada corporation (OTC: TNKE) (Formerly "LP Holdings"), announced today
the commencing of its operations as "Tanke Inc." under the new trading
stock symbol TNKE. Tanke acquired the capital stock of Tanke Int'l., Ltd.
("TIL"), an existing Hong Kong animal feed additive company this month. The
Company's Vision is to become a leading international producer of animal
feed additives based on a principle of health, safety and environmental
"We are very excited about launching our new business. Our Board
features Alexander G. X. Qiu, founder of Guangzhou Tanke Industry Co. Ltd.
("GTI"), Jeff Guzy, formerly General Manager at Loral Space Systems and
founder of FaciliCom International ("FCI"), Carrie Zhang, Legal Counsel,
and Joseph Weinstein," said Joseph Weinstein, Tanke Chief Executive Officer
Tanke Inc. is the successor to LP Holdings, Inc. ("LP") as a result of
a May 2007 purchase of a controlling equity stake in LP by a U.S. company
owned by the principals of GTI, an established Chinese animal feed additive
company. Tanke intends to rely on GTI for products and product development.
About Joseph Weinstein, CEO & Director -- Mr. Weinstein has extensive
experience in international business, startups and turn-arounds as well as
strong credentials in executive, sales and marketing including 10 years at
Apple Computer and on the Board of Directors in pharmaceutical and high
About Guixiong Qiu, Director -- Mr. Qiu, a graduate of South China
Agricultural University with MBA from Zhongsan and Qinghua University and
General Manager of Guangzhou Tanke Industry Co., Ltd, has led the company
and its group of companies since 1997 to its current sales of nearly $35
million (USD). He is president and Director of Guangzhou Haihong Chuang
Ltd., a subsidiary of TIL. Mr. Qiu serves on numerous government and
industry Boards and Committees associated with the Feed Industry.
About Carrie X. Zhang, Director -- Ms. Zhang is a corporate attorney
with extensive experience in mergers and acquisitions and corporate
transactions employed by Jinglun Attorneys in Guangzhou People's Republic
of China ("PRC").
About Jeffrey Guzy, Director -- Mr. Guzy, a Wharton Finance MBA
graduate with MS and BS from Penn State University and AS Theology from
Georgetown University, has spent the last several years funding and
developing numerous companies including founding of FaciliCom (FCI), an
international carrier with $500 million in annual sales. He has served in
executive management positions in Coastal Services Group, Loral Space
Systems, Comstat International, Sprint, Bell Atlantic and others.
About Tanke Inc. -- Tanke participates in the animal feed additives
market. The Company plans to take advantage of consolidation opportunities
in its industry in China and in developing countries, Tanke plans to
implement a strategy to acquire "core" companies in targeted geographic
regions, and expand their markets through acquisitions of "satellite"
companies. The acquisition strategy is designed to quickly acquire
production capacity, customers, and take advantage of economies of scale.
Safe Harbor Statements under the Private Securities Litigation Reform
Act of 1965: The statements contained herein and those detailed from time
to time in the Company's SEC Rule 15c2-11 information and filings with
market makers which are not historical are forward-looking statements, and
as such, include but are not limited to certain outcomes and events that
are beyond the Company's control and carries risks and uncertainties that
could cause actual operating, financial or business results to materially
differ from those contained in such statements. These risks and
uncertainties include but not limited to concerns over animal feed
additives, that the Company will survive as an ongoing concern or be able
to pursue expansion through acquisitions due to lack of sufficient capital
or resources, or that it will successfully integrate any such acquisitions,
and changes in U.S.-china trade and political conditions. Current or
historical results, if any, will vary and are not indicative of future
results. The Company makes no guarantee and there is no assurance implied
or otherwise from forward-looking statements or other statements. The
Company undertakes no obligation under any circumstances to publicity
update any forward-looking statement. Tanke is a "penny stock" and
PINK-SHEET-listed company and as such any investment in the Company is
highly risky and suitable only for those who can afford to lose their
(C) 2007 Tanke Inc. All rights reserved.
SOURCE Tanke Inc., a Nevada corporation