LOS ANGELES, Oct. 17 /PRNewswire-FirstCall/ -- Tank Sports, Inc. (OTC Bulletin Board: TNSP) CFO reviews the results of the Second quarter ended August 31st, 2008 and current Marketing plans.

Tank Sports CFO JingJing Long was not disappointed about the second quarter result. She said, "During the last quarter, U.S. financial industry and the economy experienced a distractive hurricane attack. However, Tank Sports kept it on the ground and kept on fighting. The financial statements compared with the same quarter last year are as follows:



    -- Revenue was $4,226,355, an increase of 34% same period of last year;
    -- Gross profit was decreased 8.8% due to the increase in cost of good
       sold;
    -- Net loss was $166,797 or 0.00 per diluted share, compared to $143,085,
       or 0.00 per diluted share for the same period.

"We are confident in the new marketing strategies and our new products developing plan. Currently, we attended the "Professional International Moto Show" in Koln Germany in October, and the report from our International Sales Director about the show was positive. We launched two new products, Dirt Bike 350cc and Dune Buggy 350cc during Koln INTERMOT show. Two large European customers each desire to place USD 3 million order for next 12 months. We also keep getting some exciting news from our booth in the "Canton Fair" in GuangZhou China now. We expect to sign a MOU with a large Middle East Auto company to supply them CKD and to support them in set up of the ATV assembly line in a Middle East country before the end of Canton fair. The company is expanding its product lines and adding more new developments to the Tank Family. Tank management is expecting to see a positive outcome in the near future.

About Tank Sports, Inc.

Tank Sports is a leading company that develops, engineers, and markets high performance on-road motorcycles and scooters, as well as off-road all-terrain vehicles (ATVs), dirt bikes and Go Karts in China. Motorcycle / ATV market. Tank Sports' primary advantage is its efficient distribution network in the U.S. For more information please visit http://www.tank-sports.com

Safe Harbor

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. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on these 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.

SOURCE Tank Sports, Inc.