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 protection. "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 and President. 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 tech companies. 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 entire investment. (C) 2007 Tanke Inc. All rights reserved.
SOURCE Tanke Inc., a Nevada corporation