Tank Sports, Inc. (TNSP.OB) is “One to Watchâ€
Source: http://Blog.QualityStocks.net/?p=13822Posted on Thursday, November 13th, 2008 | In Small & Micro Cap
Tank Sports, Inc. is focused on designing, engineering and marketing high performance on-road motorcycles and scooters, in addition to recreational off-road motorcycles, all-terrain vehicles (ATVs), dirt bikes and Go Karts. Utilizing a worldwide network of contracted OEM suppliers and on site quality control teams, Tank offers a broad array of styles and engine displacements.
According to the Motorcycle Industry Council, the U.S. market for motorcycles is $14.6 billion. All segments of this market have experienced a boost thanks to skyrocketing gas prices. In 2003, there were 8.8 million motorcycles in operation in the U.S., or 3 motorcycles for every 100 persons. There is much more room for this market to grow as the industry appears set to mark its 13th year of consecutive growth.
On the international front, China has emerged as a major player in the motorcycle market. After two decades of manufacturing, China has produced more than 12 million units aggregately in annual output capacity, which exceeds 60% of the entire world’s output. As the quality from various manufactures increase, Americans are buying more motorcycles from emerging names rather than big names. From 2003 to 2005, the number of units sold by Tank jumped 1,900%.
Recognizing the rising market demand for high quality motorcycles with competitive pricing, Tank Sports, Inc. has committed themselves to delivering motorcycles that meet the highest expectations of customers. All the company’s products sold in the U.S. meet market standardizations of Environmental Protection Agency (EPA) and the Enforcement Division of California Air Resources Board (CARB).
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