Tank Sports, Inc.
(OTC:TNSP.OB)COMPANY PROFILE
Tank Sports, Inc. distributes, markets, and sells
recreational and transportation motorcycles, all-terrain vehicles ("ATVs"), dirt
bikes, scooters and Go Karts in the United States and other international markets. The
Company distributes, markets, and sells an assortment of replacement parts and
accessories, which are available at its dealerships. Tank markets its products via a
dealer network of more than 550 dealers and distributors worldwide, 500 of which are in
the United States. Outside of the United States, Tank sells its products through an
international network of dealers and distributors serving countries such as Mexico,
Ecuador, Jamaica, and Brazil.
The Tank Sports product line consists of five
cruiser motorcycles, two dirt bike motorcycles, 18 scooters, and 17 all-terrain vehicles.
The Company's "Tank" brand name cruiser motorcycles range in size from
50cc to 250cc, while dirt bikes range in size from 70cc to 250cc, scooters range in size
from 50cc to 250cc, and ATVs range from 70cc to 400cc. Through an
acquisition consumated in January 2007, Tank has added 11 ATV models under the brand name
of "RedCat". All of Tanks motorcycle and ATV products are manufactured in
China according to the Company's proprietary designs and world-class standards.
LRP RESEARCH and ANALYSIS
Tank Sports, Inc. (OTC.BB:TNSP.OB)
Research Brief
"We are highly impressed by Tanks’ acquisition
of PMI and planned acquisition of certain assets from National from two important
perspectives..."
2007.11.27 | 10 pages | download
Tank Sports, Inc. (OTC.BB:TNSP.OB)
Update Report
"Tank Sports, Inc. has entered FY 2008 (ended 28
February 2008) with a major acquisition, a US$1.1 million financing, and a significant
reduction in corporate overhead. In our opinion, these moves could provide the foundation
for improved revenue and profit growth for Tank over the next several years..."
2007.08.21 | 20 pages | download
Tank Sports, Inc. (OTC.BB:TNSP.OB)
Update Report
"On January 3, 2007, Tank Sports, Inc. announced
that it has signed a definitive agreement to acquire LowPrice.com, Inc. Doing
business as RedCat Motors, LowPrice.com ("RedCat") is a power-sports equipment
importer and distributor focused primarily on off-road power-sports equipment. Tank
management has disclosed in an 8-K filing that it intends to purchase 100.0% of
RedCat’s common stock for $1.0 million in cash plus $0.6 million in cash or a
combination of cash and stock, depending on the performance of a private placement by
Tank...
"In the opinion of Laguna Research Partners, Tank
Sports’ proposed acquisition of RedCat Motors would represent a significant positive
for both Tank and RedCat..."
2007.01.17 | 4 pages | Summary
of Update Report
2007.01.17 | 11 pages | Update Report |
