An Opportunity for Penny Stock Investors: Tensleep Describes Business for 2006 and Discusses Plans for 2007.AUSTIN Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum , Texas -- Tensleep Corporation's (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :TENS) ("Tensleep") management believes that Tensleep provides penny stock Penny Stock A stock that sells for less than $1 a share but may also rise to as much as $10/share as a result of heavy promotion. All penny stocks are traded OTC or on the pink sheets. Notes: Penny stocks are highly speculative and risky. investors with an opportunity for short term and long term growth. Today, Tensleep announced the reformation Reformation, religious revolution that took place in Western Europe in the 16th cent. It arose from objections to doctrines and practices in the medieval church (see Roman Catholic Church) and ultimately led to the freedom of dissent (see Protestantism). and reorganization The process of carrying out, through agreements and legal proceedings, a business plan for winding up the affairs of, or foreclosing a mortgage upon, the property of a corporation that has become insolvent. of the Company into a unique emerging international consumer and specialty A contract under seal. A specialty is a written document that has been sealed and delivered and is given as security for the payment of a specifically indicated debt. products company, unique in its business concept and methodology. "Tensleep's common stock is coming off a low for the year after falling from a high of $1.50 per share," said Ronald S. Tucker, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Company. "The Company in 2006 has established a foundation for future growth. Growth in earnings from the sale of consumer and specialty products and in its traditional business of providing financial and management services to emerging growth companies," said Mr. Tucker. "This foundation is the result of management concentrating on reforming and reorganizing the company into a consumer and specialty products business."
Tensleep, during 2006, developed, and is continuing to develop:
1. A unique consumer and specialty products company.
a. Unique in that (1) the company's product lines will include
products designed and developed by its subsidiary, Tensleep
Technologies, Inc., and those developed by emerging growth
companies through licensing or acquisition; (2) the company's
products will be acquired by Tensleep Wireless, which in turn
will sell and distribute the products through strategic
partners of the company; and (3) the acquisition and sale of
the products will be financed by Tensleep Financial.
b. Unique in its investor profile. Unique in its concept of
earnings.
c. Unique in its business concepts and methodology.
2. A mission to provide consumers with high quality products at
affordable prices, and to provide its shareholders with
opportunities for capital growth in the value of its own shares and
the growth in the value of its subsidiaries' and affiliates'
shares.
3. A penny stock investor interested in short term and long term
profits. A conservative gambler. An investor wanting an investment
with some degree of fundamentals, yet willing and capable of taking
the risks of a micro cap company because of the anticipated
rewards.
4. Earnings that come from the sale of products; the financing of
product acquisition, inventory, and the sales; the sale of
subsidiary and affiliate securities; fees received from financial
and management services.
5. A business concept based on the proposition that many emerging
growth companies lack the capital to (1) develop a sufficiently
broad product line to sustain growth beyond a certain undefined
point; (2) employ a staff capable of sustaining growth beyond an
undefined point; and (3) establish a distribution system. They also
lack sufficient funding for the acquisition of product and the time
lag for collecting their sales revenues. Based on this concept,
Tensleep organized the Tensleep Group which will grow its business
more quickly by aiding and supporting emerging growth companies by
providing enhanced product design and development through Tensleep
Technologies, Inc., distribution through Tensleep Wireless,
financing through Tensleep Financial, and management and financial
services through Tensleep Capital Group.
Tensleep, in addition to developing a unique emerging consumer and
specialty products business, accomplished the following:
1. Distributed a stock dividend to it shareholders in Tensleep
Wireless common stock.
2. Tensleep Wireless has applied for, and management hopes to qualify
Tensleep Wireless for, trading its common stock on the OTC
(Pink Sheets).
3. Spun-off Tensleep Financial to its shareholders, and management of
that company hopes to apply for and qualify its common stock for
trading on the OTC (Pink Sheets).
4. Commenced negotiations with European and U.S. companies to license
or acquire the rights to distribute their consumer products in
Europe and the U.S.
5. Obtained informal agreements with European and U.S. distribution
companies for the distribution of the company's products and the
financing of the acquisition of products other than the company's
by the distribution companies, their inventories, and their sales.
6. Redirected the company's product design and development company,
Tensleep Technologies, to design and develop consumer products
based on the component products it has designed and developed.
Tensleep's plan for 2007 is to consolidate its reorganized business
by:
1. Designing and developing consumer products to add to our product
lines.
2. Formalizing agreements for consumer products for sale through our
distribution networks in Europe and the U.S.
3. Formalizing distribution networks in U.S. and Europe.
4. Raising capital through a private offering to fund subsidiaries and
to finance product purchases or fabrication, inventories and sales
by the company and its strategic partners.
5. Continuing to acquire licenses or Intellectual Property (IP) for
consumer electronic products.
Tensleep Corporation in the past was a business and corporate development company specializing in the capital and financial restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and reorganization of public and private companies enabling them to secure financing. For more information on Tensleep Corporation visit www.tensleep.com. |
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