TNBI News Tanke BioSciences Sees Significant Impro
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TNBI News Tanke BioSciences Sees Significant Improvement In Revenue And Operating Results For 2012
2012-07-31 08:30 ET - News Release
NEW YORK, July 31, 2012 /PRNewswire/ -- Tanke BioSciences Corporation (OTCQB: TNBI), a leading producer of livestock feed additives and nutritional products, today said the strengthening pork industry in China and incremental sales generated from formation of a new marketing division should result in a significant improvement in both revenue and operating results in 2012 vs. 2011.
According to Tanke CEO and chairman, Mr. Guixiong Qiu, the company has benefitted from a sharp reduction in the prevalence of pig diseases that reached their peak in China in 2011. These diseases, which caused a sharp reduction in the nation's population of healthy pigs – and thus, a corresponding decrease in demand for animal feed additives – has this year been brought under tighter control, elevating both the population of healthy pigs and the demand for animal feed additives. The company expects this increased demand to continue for the balance of the year and into 2013, said Mr. Qiu.
The new marketing division, he added, will be devoted exclusively to serving the product and technical needs of China's larger animal farms – which, as end users of Tanke products, allow the company to realize substantially higher margins and lower marketing costs than do intermediary users such as animal feed producers.
These efficiencies, coupled with the added sales generated by new and existing products marketed by the new division, are expected to boost profit growth in 2012 and beyond, said Mr. Qiu.
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