SOURCE: Tensleep Corporation

September 15, 2006 09:00 ET

Tensleep CEO Gives a Summary of History and Fundamentals

AUSTIN, TX -- (MARKET WIRE) -- September 15, 2006 -- Tensleep Corporation (PINKSHEETS: TENS) ("Tensleep"), a specialty finance company, announced that it was incorporated in October 1997 and Ronald S. Tucker, its CEO, stated that, "Tensleep is in the continual process of developing a unique business and corporate development company. Unique in that it specializes in the capital and financial restructuring and reorganization of public and private companies, whether subsidiaries, affiliates or independents. Unique in its investor profile. Unique in its concept of earnings. Unique in its business concepts and methodology.

"Tensleep's mission is to provide its shareholders with opportunities for capital growth. Capital growth in its own share value, and growth in the shares of its subsidiaries and affiliates.

"Tensleep equates fundamentals with stability and stability with staying power. Tensleep has staying power.

"Tensleep became a publically traded company in September 1999, when its registration under the Securities Exchange Act became effective. In December 2001 it voluntarily withdrew its registration under the Exchange Act due to the cost to maintain that registration. It has survived the days of the 'new economy' when its price was as high as $7.00 per share in March 2000 and descended to $0.01 more than a year later. Within the last 12 months, from July 13, 2005 to July 13, 2006, the price per share has been as high as $1.50 and as low as $0.08. As of July 13, 2006 it was bid $1.40 and offered at $1.50. Tensleep has value.

"Tensleep started business as a fab-less semi-conductor company with no cash and a lot of intellectual property looking for a product. Through bad acquisitions and with little cash, Tensleep and affiliates developed an Internet gateway usable as a generic component product within application specific products. Unfortunately, there wasn't sufficient time or cash to develop a comprehensive marketing and sales force. In spite of Tensleep's lack of cash, its cash and working capital have increased and Tensleep has maintained a stable net worth in excess of $1,000,000, after extraordinary writeoffs. All of this has been done without a source of stable or significant revenues.

"Tensleep is not the result of a change in control, but the result of a belief that survival of a company, micro cap or blue chip, depends on the extent of its debt; therefore Tensleep has little to no debt.

"Tensleep believes that the value of its stock should not be determined by the amount of its revenues, but by the earnings of its shareholders. Shareholder earnings come from dividends, both cash and stock. Tensleep has been unable to pay cash dividends, but it has declared and paid four stock dividends, three 10% dividends (one in Tensleep's common stock, one in the common stock of Tensleep Technologies, Inc., a subsidiary which became Commodore International Corporation, and the other in the common stock of Tensleep Wireless Corporation, a subsidiary) and one 50% dividend in the common stock of Tensleep Financial Corporation, a subsidiary. The common stock of Tensleep Wireless and Tensleep Financial are not currently trading, but each company plans to seek for trading in the near future.

"Tensleep believes that its most valuable asset is its, approximately, 900 shareholders owning approximately 10,000,000 shares of its common stock, with approximately 700 shareholders holding 2,726,297 (approximately) shares in its market float. Its shareholders are the creator of wealth for Tensleep, its subsidiaries, affiliates, and partners.

"A more detailed history will be able to be found on the Tensleep website."

Existing shareholders or potential investors can track news and updates on TENS by registering online at Registered users can also submit requests for additional information or ask questions regarding TENS through the site.

Tensleep Corporation provides various types of commercial funding to subsidiary and affiliate emerging growth companies and niche real estate loans. Tensleep is the majority shareholder of Tensleep Wireless Corporation and a minority shareholder of Tensleep Financial Corporation. For more information on Tensleep Corporation and its history visit

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