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Author Topic: TNGO - SLOW AND STEADY WINS THE RACE
bauer
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Slow and steady upticks on news of de-listing from Berlin exchange.


2004-06-24 08:05:06


Tango Corp. Demands Immediate Delisting From Berlin Stock Exchange


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Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--TNGO-- Tango Incorporated (OTCBB:TNGO) today announced that it is taking immediate steps to de-list its common stock from trading on the Berlin Stock Exchange. The Company's shares were listed on the Berlin Stock Exchange without the Company's prior knowledge, consent or authorization. TNGO has recently been made aware of an unauthorized listing of its common stock on the Berlin-Bremen Stock Exchange. Company executives became suspicious that the possibility of "naked short selling" could take place in its stock due to the unregulated nature of the Berlin Exchange. Legal counsel to the Company is sending a written demand to the Berlin-Bremen Stock Exchange (BBSE) that it immediately stop trading in the Company's common stock by designating the Company's common stock as "NA" on the next trading day while concurrently proceeding without delay to completely de-list the Company's common stock from the BBSE. About Tango Tango Incorporated is a leading garment manufacturing and distribution company, with a goal of becoming a dominant leader in the industry. Tango pursues opportunities, both domestically and internationally. Tango provides major branded apparel the ability to produce the highest quality merchandise, while protecting the integrity of their brand. Tango serves as a trusted ally, providing them with quality production and on time delivery, with maximum efficiency and reliability. Tango becomes a business partner by providing economic solutions for development of their brand. Tango provides a work environment that is rewarding to its employees and at the same time having aggressive plan for growth. Tango is currently producing for many major brands, including Nike, Nike Jordan and Chaps Ralph Lauren. Safe Harbor: This news release does contain forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This news release will make statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of Tango Incorporated to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. There is no assurance that Tango Incorporated will not default on its agreements and any default could have a potential impact on the value of the company. Other risks include the small size of Tango Incorporated as compared to many of its competitors, the need for additional capital, dependence on key personnel, Tango Incorporated's ability to win additional contracts, risk associated with the fashion industry, commodity risk, employment standards risk, the effect of new laws or regulations relating to the business of Tango Incorporated, and economic conditions. KEYWORD: OREGON INDUSTRY KEYWORD: RETAIL MANUFACTURING APPAREL/TEXTILES SPORTS CONSUMER/HOUSEHOLD SOURCE: Tango Incorporated CONTACT INFORMATION: Tango Incorporated Todd Violette, 403-228-6962 todd@tangopacific.com


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bauer
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Passed resistance at .03
Posts: 593 | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
   

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