Tanke Inc. Announces New Cloud Based Technology uSMART(TM)
March 18 2014 - 7:45AM
Marketwired
Tanke Inc. Announces New Cloud Based Technology uSMART(TM)
Enhances Executive Management Team
ST. LOUIS, MO--(Marketwired - Mar 18, 2014) - Tanke,
Incorporated (OTC Pink: TNKE) (PINKSHEETS: TNKE) (the "Company"), a
diversified holding company focused on emerging technologies and
"cleantech" is pleased to announces the launch of uSMART™, a
cloud-based technology targeting emerging companies in need of
integrated multilingual cross-functional planning and optimized
operations. Simultaneously, the Company also announces
enhancement to its executive and operational management team lead
by Mr. Nick Balomenos, appointed as Chief Operating Officer (COO),
to cope with the growth needs of the company.
uSMART™ nascence comes as a solution for the Small to medium
enterprises (SMEs) that often face the challenge and pains of
growing due to lack of technology to incorporate best practices.
"uSMART™ is a strategic tool that will allow Tanke to improve the
management and operations of its portfolio companies and also
allows to provide assistance to over 4 million SMEs in the United
States and over 200 million all over the world," stated Xiaoying
Zhang, CEO of Tanke.
The market for Software-as-a-Service (SaaS) is forecast at
a CAGR of 19.5% through to 2016, with global SaaS spending
projected to grow 143% from $13.5bn in 2011 to $32.8bn in 20161.
uSMART™ is a flexible and cost-effective Cloud-Based,
Software-As-A-Service (SaaS) Enterprise Resource Planning (ERP)
proprietary software technology based on NetSuite2 and Oracle
Hyperion3. uSMART™ combines technology with best practices, to
improve productivity and optimize planning, while simultaneously
incorporating all business areas into a real-time, centralized
database. uSMART™ integrates sales and distribution, warehouse
management, transportation management, Customer Relations
Management (CRM), business intelligence, and finance in a single
platform, making it the turn-key solution for companies
that seek to drastically enhance their performance.
"The launch of uSMART™ is strategic and becomes a main tool for
our increasing number of emerging companies. The number of
incubation projects and companies has increased since our enhanced
incubation program was announced in January. We will immediately
introduce it companies in our incubation program
first. uSMART™ has wide reaching impact in addition to be
strategic. It provides the ideal solution for companies
looking for a custom-tailored, one-size-fits all solution to their
growing complexity, capacity and cost savings requirements," says
Xiaoying Zhang, CEO of Tanke.
Simultaneously with the launch of uSMART™ the company announced
today the appointment of new operational management, Mr. Nick
Balomenos as Chief Operations Officer(COO) and an operational
management team consisting of staff and consultants that will
provide better services to the many companies joining the
incubation program. "I welcome Mr. Balomenos to this
position. His attention to intense performance and high growth
track record is what attracted us to appoint him to lead the
company in our next growth phase," stated Ms. Zhang, CEO of
Tanke.
"Becoming a member of Tanke's executive team at this point in
its corporate development is an exciting opportunity. I look
forward to help Tanke achieve significant future growth in the near
future. I firmly believe that Tanke has a unique asset base model
and as innovative incubation program which give it so much
potential that we can fully realized," stated Mr. Balomenos as
COO of Tanke.
Mr. Balomenos is the founder of Profit Seeker (UK) LLC which
provides micro funding to small and medium capitalization
companies. He is also an investment banker and executive manager
with a background in various industries including logistics,
e-commerce, shipping cruises and electronic waste.
"Tanke, has recently entered new markets, formed new strategic
business units and global alliances, and thus is crucial to have a
finance driven high level executive to assist in managing our
growing operations. The role of Mr. Balomenos as COO is to
oversee our growing operations since the start of 2014," said Ms.
Zhang, CEO of Tanke.
"Mr. Balomenos' strong personal understanding of multi-cultural
work style and communication as well as his strength in building
teams and developing people will be an excellent fit for Tanke's
people-oriented culture. We intend to continue assembling a team of
high performance key executives over the coming months, that
will ensure we have the human resource capacity essential to
meeting our growth requirements, streamlining our business
operations and achieving our diversification objectives," stated
Xiaoying Zhang, CEO of Tanke, Inc.
Tanke Inc. Additional information is
available on the Company's website: www.tankeinc.com
or contact Investor Relations at:
IR@tankeinc.com
References: 1
http://www.clearwatercf.com/documents/sectors/ERP_Report_FINAL.pdf
2 http://www.netsuite.com/portal/home.shtml
3http://www.oracle.com/us/solutions/business-analytics/business-intelligence/foundation-suite/overview/index.html
About Tanke Incorporated Tanke is a diversified
holding company with the mission to develop, manage and finance
emerging companies in high growth industries. Tanke is focused in
the development of environmental technologies and "Cleantech" for a
wide range of markets such as commercial, industrial and municipal
applications. Tanke believes that globalization and the emergence
of Asia stresses natural resources, water, energy and food, and
environmental technologies will be at the forefront of the new
paradigm shift in usage of resources. Through its subsidiaries and
affiliates in the world and with its deep experience in China --
the fastest growing emerging market in the world, Tanke seeks to
grow through acquisitions, organic growth in the USA and also in
the emerging markets. Our holdings consist of: Environmental &
Water technologies, eWaste and reverse logistics technologies, and
The Triple R Water recycling technology under the Re:Water™
Brand.
Safe Harbor Statement: Certain statements and
information included in this release may constitute
"forward-looking statements" as defined in the Federal Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the company to be materially different from any
future results, performance or achievements expressed or implied in
such statements. Additional discussion of factors that could cause
actual results to differ materially from management's projections,
estimates and expectations is contained in the Company's SEC
filings. The Company assumes no obligation to update any
forward-looking statements as a result of new information, future
events or developments, except as required by federal securities
laws.
Tanke Inc. IR@tankeinc.com
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