Tango Inc. Announces Name Change and Reverse Stock Split

CALGARY, Alberta--Oct. 2, 20054, 2005--Tango Incorporated (Pink Sheets:TNGO) announced today its official name change, to AutoBidXL Inc., as well as a consolidation of the company's common stock.

At the open of trading today, every 200 shares of Tango common stock will be combined into one share of common stock, a corresponding opening price will be reflected by the consolidation.

As per governing body approval, the Company will now trade under the symbol ADXL, on the Pink Sheets.

TNGO pursued shareholder approval to implement this restructure as it believes its shareholders will benefit from a capital framework that more effectively mirrors the company's improved operations, financial status, and stronger long-term outlook.

"Tango has drastically refined its focus and operations, and we believe that the implementation of a capital architecture reorganization will better reflect the company's direction," said company CEO, Mr. Gregg Shykora.

Tango's management believes that the reverse stock split will help to increase the marketability of Tango's stock and enhance the company's appeal to both new investors and institutional buyers. A higher price and lower number of total outstanding shares will also help to decrease the volatility of the company's stock price.

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.