LOS ANGELES, Dec. 26, 2006 (PRIME NEWSWIRE) -- Tank Sports (OTCBB:TNSP) announced today that it has reached an agreement with Moto Cycle Corporation to supply the launch of its initial motorcycle product, the Moto 50 NASCAR Signature Series, which is scheduled to debut in Q1, 2007. The Moto 50 is a 50cc motorcycle with DOT, EPA and CARB certification to be sold in the U.S. market. Teams already signed up under the agreement include 2006 NASCAR Nextel Cup Champion Jimmie Johnson as well as Dale Earnhardt Jr., Tony Stewart, Jeff Gordon, Michael Waltrip and the late Dale Earnhardt Sr.
The newly established relationship between Moto and Tank represents several mutual benefits for both companies relating to product design, manufacturing, logistics, warranty, parts support and dealer development.
"After several months of detailed discussions, we are very excited to have concluded our negotiations with Tank Sports, Inc.," said Alan Vordermeier, Jr., Founder of Moto Cycle Corporation.
Mike Turber, National Sales Manager and Marketing Director of TANK Sports, stated, "We are truly excited about the opportunity to work with Moto Cycle Corporation in launching the new Moto 50 NASCAR Signature Series. We strongly believe this is just the beginning of a long-term relationship with Moto with many more models to be released in 2007."
About Moto Cycle Corporation
Moto Cycle Corporation designs, imports and distributes a new line of 50cc motorcycles for retail sale in the USA. The unique line of "Signature Series" motorcycles, which will be available starting in Q1 of 2007, will carry the endorsements of some of today's top NASCAR drivers and will be available in a variety of exciting designs and paint schemes.
About Tank Sports, Inc.
Tank Sports is a leading company that develops, engineers, and markets high-performance on-road motorcycles and scooters, off-road all-terrain vehicles (ATVs), dirt bikes and Go Karts through OEMs in China. It utilizes the so-called "China Concept" business model to participate in the $31.5 billion annually (data: Motor Industry Council) motorcycle/ATV market.
The Tank Sports, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=3000
Safe Harbor Statement
The foregoing news release includes numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited "safe harbor'' for certain forward-looking statements. Forward-looking statements in this news release relating to business developments are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with a small business venture including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.