SOURCE: Tensleep Corporation

August 15, 2007 13:22 ET

Tensleep to Become New Media Company Aggregating Branded Sports Content for On-Line Distribution and Broadcast

AUSTIN, TX--(Marketwire - August 15, 2007) - Tensleep Corporation (PINKSHEETS: TENS) ("Tensleep"), a financial services company, announced that it has entered into an agreement to acquire XSTV Media, Inc. ("XSTV"), a privately held development stage media company, through an exchange of shares. The transaction is scheduled to close on or before September 15, 2007. XSTV aggregates and packages sports-related video content and information services for web-based distribution and broadcast.

"This is a significant event for Tensleep and its shareholders -- significant because of expectations and belief in the potential of XSTV," said Ronald S. Tucker, president and CEO of Tensleep. "It is a rare opportunity for the management of Tensleep and our shareholders, although it comes with challenges."

"XSTV is the successor to the company that developed XSTV®, a magazine-style TV program about extreme sports and which earned brand equity, consumer recognition and industry reputation during seven successful seasons, 1997 - 2004, as one of the top US extreme sports televisions shows," said Mr. Tucker.

--  XSTV® was twice nominated for an Emmy in 2002 and over seven years its
    production team won more than 40 television and video industry awards;
    
--  XSTV® was the original anchor and highest rated program for the kick-
    off season of "Rush Hour" on Fox Sports Net and was also broadcast on
    Sunshine Network, Comcast Sports and 104 other US broadcast stations;
    
--  XSTV® was broadcast internationally in countries such as Australia,
    South Africa, Israel, South America and the Middle East;
    
--  XSTV® Ice Edition II show achieved the highest rating for its market
    with an audience of 63 million households on Broadcast and Cable TV;
    
--  XSTV® was available in 87 million US households in 50 of the top 100
    markets, including New York, Los Angeles and Miami;
    
--  XSTV® programs were shown on United Airways, US Air, and America West;
    
--  XSTV® segment videos averaged more than 4 million weekly page views in
    2002 through FMiTV, a broadband syndicating partner; and
    
--  XSTV® program sponsors and advertisers included BMW, Jeep Chrysler,
    Kellogg, Panasonic, Skechers, Vans and Volkswagen.
    

"XSTV earlier this year purchased the rights to XSTV® and a legacy library of action sports videos and TV programs," said Mr. Tucker. "XSTV's business strategy is based on leveraging the XSTV® brand. Originally, the management of Tensleep intended in this transaction to maintain XSTV as a subsidiary and continue as a business and corporate development company. However, because of XSTV's potential, the management has decided to focus on the business and corporate development of XSTV exclusively. Therefore, Tensleep's name will be changed to XSTV Corporation, and all unrelated business interests will be transferred to affiliates."

See what XSTV is all about at www.xstvmedia.com.

Tensleep is a specialty finance company specializing in the reorganization and recapitalization of private and public companies. For more information see our web-site at www.tensleep.com.

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