Tango Prepares Industry Study for Florida Market Launch

CALGARY, Alberta--Aug. 1, 20058, 2005--Tango Incorporated (Pink Sheets:TNGO) and its Board of Directors have commissioned a survey of the Florida Automobile Dealer market.

Industry management professionals have prepared a study, specific to the functionality of the AutoBidXL transaction system, for the company. A focus group of pre-owned vehicle managers will revue the findings and work with Tango's software developers to fine tune its interface for the Florida market.

Company President and CEO, Mr. Gregg M. Shykora said that, "In addition to a fact finding mission by Tango representatives the company has had a consultant in residence, in the Fort Lauderdale area, for several months. The response to a move into the Florida marketplace has been very encouraging and has fueled and accelerated our efforts toward the acquisition of a Florida based location that will facilitate both access to the Florida market as well as offering an entry into the foreign import export business through shipping ports like Port Everglades."

The market study's conclusion is slated to coincide with the beta launch of the AutoBidXL transaction solution.

Tango Inc.'s AutoBidXL solution is a transaction system that allows franchise automobile dealers to sell their pre-owned inventory in a higher volume with greater profitability.

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.