CORRECTING and REPLACING Tango Signs Deal with Manufacturer for U.S. Olympic Licensee.

Sports Editors/Business Editors

CORRECTION...by Tango Incorporated

PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 20, 2003

In BW6064 issued Oct. 20, 2003: Please replace the release with the following corrected version.

The corrected release reads:

TANGO SIGNS DEAL WITH MANUFACTURER FOR U.S. OLYMPIC LICENSEE

Tango Incorporated (OTCBB:TNGO), a leading garment manufacturing and distribution company, today announced that it has entered into an agreement with Global Manufacturing Group, Inc. ("Global") of New York City. The total value of the contract for Global is estimated to be $3 million through the 2004 calendar year.

Global has been chosen as the exclusive manufacturing facility for one of the three companies (Adidas and Roots) with the official license to produce and print garments for the US Olympic Association, up to and including the 100th Anniversary Olympiad in Athens, Greece.

Jim Sarr, Chief Executive Officer of Global stated, "Global has a contract with one of the three official licensees to manufacture all Olympic apparel. We have decided to sub-contract all our printing to Tango due to the excellent quality of their work, which we believe is superior to any screen printer in America. It is the goal of Global to produce merchandise for all gender and ages for all levels of retail distribution." A sample order of Olympic merchandise is going out to Wal-Mart (NYSE:WMT) in the first week of November.

Global Manufacturing is in discussion with 79 different retails stores, some of which are, Target, JC Penny's and Dillard's. Principals of Global are working to secure the final purchase orders from all level of retail interest. Based upon the initial indication of the sample orders we have sent out and produced on behalf of Global, we expect the initial orders could reach approximately two million units to be printed by Tango before the summer games begin next year.

Jeff Harden, President Sales of Tango Pacific, Tango's main subsidiary, stated, "This agreement with Global covers the 2004 Athens Olympics, but could be modified to include a long term manufacturing alliance expanding in to other project and ventures with Global." He also said, "We expect production to pick up momentum from today right through the Olympic Games next summer.'

Global is estimating that the agreement could be modified to be a 10 year contract with Tango Pacific provided it maintain it's pricing and quality. This is all new business, in addition to the package printing and contract printing presently being done by Tango Pacific.

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.

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.