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News for 'TNGO' - (Tango Appoints Advisor to Establish Overseas Corporate Footprint)
CALGARY, Alberta, Jun 17, 2005 (BUSINESS WIRE) -- Tango Incorporated (Pink Sheets : TNGO) is pleased to announce the appointment of Mr. Vaughn Inman to an advisory position, reporting directly to the board of directors.
In a decisive, forward looking move, Tango has acquired the services of Mr. Inman in order that it might establish distribution channels for its clients, within foreign emerging markets.
Mr. Inman BSc., P.Eng. is a practicing engineer whose accolades include managing the Thai side of the Thai-Burma pipeline as well as the propagation of domestic business into Mexico, Central America and Asia. His extensive domestic and overseas management experience, coupled with continuous success positioning Canadian and U.S. companies within foreign markets, will make him an extremely valuable asset to Tango in the arenas of strategic partnerships and business development within niche indigenous markets.
Tango, under its new proposed moniker of AutoBidXL, is striving to create as efficient and profitable a mechanism of inter-dealer pre-owned vehicle sales as possible. As part of this process the expansion of the distribution channel is key. By immediately making a global distribution network available to our inland franchise dealer community, Tango enhances its ability to move inventory in larger volumes and with greater profit margins.
Along with a European corporate rollout scheduled for fall, Tango will announce its centralized distribution strategy along with its worldwide marketing and sales partners.
President and CEO, Mr. Gregg Shykora punctuates that, "We at Tango heartily welcome Mr. Inman along with his years of overseas business experience. The wisdom and experience that Mr. Inman represents will allow the company to make a mature and profitable segue into global emerging markets and will establish a definitive corporate footprint for Tango throughout the world."
Mr. Shykora concluded, "I expect this appointment to significantly leverage Tango's position and provide strategic advantages when we tap the vast potential of the pre-owned vehicle market on a global scale."
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