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Press Release Source: Tango Incorporated
Tango Inc. Holds Key to Billion-Dollar Niche Market
Friday May 13, 3:00 pm ET
CALGARY, Alberta--(BUSINESS WIRE)--May 13, 2005--Tango Incorporated (Pink Sheets:TNGO - News) is pleased to announce that it has solidified its new go-to-market strategy, and targeted business model.
Tango's new roadmap provides solid direction for the company to broadly address its customer needs with unmatched technology, leadership and expertise. Tango will be announcing the company's new name and its new industry in June.
"I am extremely excited about Tango's new business direction and especially our distribution model. Together, our team has developed proprietary technology that is the first of its kind in its defined market," said company President and CEO Mr. Gregg Shykora.
Following extensive research, Tango has determined that the annual Canadian market potential for its technology is $170 million. The unexploited U.S. market has been pegged by industry analysts at a staggering $3.4 billion per year.
"What is most exciting for us is the untapped potential of our new model. It's not a stretch to say that Tango's new direction and stealth technology will unlock the door on an untouched market, and open the gateway for stellar growth," added Shykora.
While the annual North American market for Tango's solutions is estimated at over $3.5 billion, the company has set reasonable targets. In Canada, Tango will be actively pursuing its goal of capitalizing on 10% of the market share, or $17 million. Across North America, Tango is confident it can acquire 2% of the entire market, or $67.2 million.
Even though Tango possesses unique technology, there are other companies operating in the same market. Because stock prices alone do not show the total picture, they must be measured against a common yardstick to put each stock in perspective.
The current industry P/E ratio for other industry-related companies range from 15:1 to 20:1. For a small-cap, high-tech firm like Tango, P/E ratios like that are an encouraging sign.
Led by company CEO Gregg Shykora, Tango is currently assembling a technical team of North American industry and business leaders to advance the firm's project and long-term growth strategies.
"Our business direction is clear -- to deliver rapid, sustainable long-term growth and stakeholder value." Shykora concluded, "Only one company can ever say they were the 'first' at anything. And when it comes to our targeted business strategy, Tango is without competition."
Legal Notice Regarding Forward-Looking Statements
Safe Harbor: This press release contains 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 material contains 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 by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Tango Incorporated to be materially different from the statements made herein.
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Contact:
Tango Incorporated, Calgary
Gregg Shykora, 403-410-6724
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