Tanke Inc. Commences Operations

Oct 30, 2007, 01:00 ET from Tanke Inc., a Nevada corporation

    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
 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