LOS ANGELES, Dec. 12, 2006 (GLOBE NEWSWIRE) -- Tank Sports (OTCBB:TNSP) filed 8-K with SEC on Dec. 6, 2006, stating it has signed an investment agreement with Dutchess Private Equities Fund, LLP for an investment of up to $10,000,000 in the next 36 months in the form of equity credit line. The agreement has shown a positive vision of the investors on the future of the Chinese motor-sports industry. The deal is subject to effective registration with SEC and market liquidity along with other various factors.

With the arrangement, Tank has obtained access to certain amount of funding, which will be applied to its business strategy on a "take as much as needed" basis.

"Tank set its goal in 2003 to create a world brand name using the 'Made in China' concept. For this goal, Tank started laying out its strategies with execution methods, including building up relationships with the investment community. From the startup to successfully being listed on OTC Bulletin Board, this is only the beginning of yet another growing phase of the company," said Tank Sports CEO Jing Jing Long. The funding from Dutchess Private Equities Fund, LLP will help the company growth, core technological innovation, and an increase in revenue. It will eventually increase the value for investors.

Tank Sports, Inc.

Tank Sports is a leading company that develops, engineers, and markets high performance on-road motorcycles & scooters, off-road all-terrain vehicles (ATVs), dirt bikes and Go Karts through OEMs in China. It utilizes the so-called "China Concept" 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 ventures 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 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.

CONTACT:  Tank Sports, Inc.
          (626)350-4039
          Fax: (626)442-8706 
          IR@tank-sports.com
          10925 Schmidt Road
          El Monte, CA91733