Tango Incorporated Announces 300% Increase in Blank Shirt Orders
7/2/04
PORTLAND, Ore., Jul 2, 2004 (BUSINESS WIRE) --
Tango Incorporated (OTCBB:TNGO) announced today that it is experiencing a 300% increase in the amount of materials being purchased for delivery on orders already scheduled for the first two fiscal quarters of next year. The Company's fiscal year ends July 31, 2004. Materials being purchased for these orders include inks, screens, bags, hangers, boxes, hangtags, neck labels and customer manufactured t-shirts. A justifiably optimistic Todd Violette, Chairman and COO of Tango, remarked that "The market place is becoming very responsive to Tango's message of being a firm that provides its customers with innovative, quality garment production at a competitive price. Our new executive sales team has been very effective relaying this message to both existing and new clients. Garment manufacturing worldwide is easily a $5-billion a year industry. Considering this notable increase in production, and the other significant contracts we are close to securing, the $3.5-million in revenue we will do this fiscal year should increase dramatically in 2005."
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 has an aggressive plan for growth. Tango is currently producing for many major brands, including Nike, Nike Jordan and Chaps Ralph Lauren.
For more information visit: www.tangopacific.com. 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.
SOURCE: Tango Incorporated
Tango Incorporated Todd Violette, 403-228-6962 todd@tangopacific.com or Equitilink LLC toll-free: 877-788-1940 (Investor Relations)
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