Tango Gives Update on Proposed Name Change and Launches Corporate Website

CALGARY, Alberta--June 15, 2005--Tango Incorporated (Pink Sheets:TNGO) wants a piece of the multi-billion dollar wholesale automotive industry and has taken a new direction and a new name to get there.

To update its image and augment the company's new business plan and market strategy, TNGO has unveiled its proposed name change, a redesigned web site, and a new company logo.

Tango CEO Gregg Shykora commented, "First off, I'm very excited to report that the application is in process to officially change our company's name to AutoBidXL. Our proposed name change to AutoBidXL will better showcase our business plan, strategic direction, and long-term potential."

He added, "But you don't have to wait until we officially launch AutobidXL, as our corporate name, to get a first hand look at what we do. Thanks to a number of dedicated, hard working industry specialists, it is my pleasure to announce the launch of our highly anticipated new corporate website under our newly proposed banner: www.autobidxl.com!"

Shykora concluded, "www.autobidxl.com provides state of the art new technology to the wholesale automotive industry and will, we believe, help us build momentum throughout 2005 and beyond."

As previously reported, along with the name change, an application is being made to obtain a new trading symbol. TNGO will officially confirm its new corporate name change and trading symbol upon issue.