Tango Plans to Expand Capacity at Portland Location.PORTLAND, Ore. -- Tango tango Spirited dance; also a South American ballroom dance. It evolved in the dance halls and, perhaps, the brothels of poorer districts of Buenos Aires, Arg., possibly influenced by the Cuban habanera. It was made popular in the U.S. Incorporated (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TNGO) is pleased to announce that the Board of Directors has approved a plan to acquire an additional $500,000 worth of new equipment to maintain pace with the growth of the Company. The Board believes that the additional capacity will handle up to an additional $200,000 a month in revenue, while costing approximately $50,000 a month for financing and labor costs to run the machines. Tango plans to pay for the additional equipment by securing equipment lease financing, which should set the payments for finance charges for all the equipment at around $9,500 a month for a period of 60 months. Tango also expects that obtaining this additional equipment will increase its abilities and maintain its edge in specialty printing, thereby achieving its corporate mission of being a leader in the printing business. A large portion of the investment will be made into machines from TAZ taz - tgz America. Tango uses TAZ equipment because of its reliability and consistency. Tango's corporate plans include using only TAZ equipment, thereby reducing maintenance/repair costs, getting equipment consistency and reducing overall operating costs operating costs npl → gastos mpl operacionales . "We believe this investment is in line with the goals established earlier this year when we initiated our turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. strategy. We have increased sales, rebuilt our management team, invested into new software systems to streamline the operations, recruited world class talent for our Art Department and laid a foundation for building one of the leading screen printers in the world. This additional equipment represents Tango's ability to start crossing certain barriers and achieving certain thresholds, and could potentially be a major milestone in building a world-class operation and producing strong profitability," said Todd Todd , Sir Alexander Robertus 1907-1997. British chemist. He won a 1957 Nobel Prize for his study of nucleic acids and nucleotide structures. Violette, Chairman and COO (Cell Of Origin) See mobile positioning. . 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 RocaWear. For more information visit: www.tangopacific.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. : 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 New Laws: see Las Casas, Bartolomé de. or regulations relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the business of Tango Incorporated, and economic conditions. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion