Tanke Biosciences Corp. (OTC:TNBI) Stock Trends Lower: Here is Why

On Tuesday, there were a number of companies that had come into focus for one reason or another, and one of those companies was Tanke Biosciences Corp. (OTC:TNBI). The company, which does business as BandCraft Holdings Inc., announced that it had appointed a new member to its board of directors in the form of Kenneth Marks. The appointment of a new member of the board is almost always seen as a major development, and hence, it could be a good idea for investors to take a closer look.

In the news release, Tanke Biosciences noted that Marks possessed a strong track record of achievements in his career as a top-level executive. He had provided high-class financial, corporate, and operating development leadership in both the United States and the global market. The company stated that everyone at Tanke Biosciences was thrilled at the possibility of Marks joining as a member of the board.

It was further pointed out that Marks possessed decades of experience in finance, business integration, and operations, all of which he would bring to his role at the company. Moreover, he also brought keen insights into the combination of brand development and technology. The Chief Operating Officer and founder of the company, Tom Stein, stated that the marriage of technology with brand development was at the basis of what Tanke Biosciences sought to bring to the table for customized solutions.

In the past, Marks has worked in senior executive positions at companies like Global Directory, Nynex Corporation, and Verizon Communications. During his time at Verizon, Marks held the position of Vice President of Merger Integration after the completion of the merger between GTE and Bell Atlantic. Marks noted that he had been acquainted with the team at Tanke Biosciences for many years and looked forward to taking up his role.