SOURCE: Tensleep Corporation

September 17, 2007 14:25 ET

Tensleep Corporation Announces That the XSTV Transaction Did Not Close and Negotiations Have Terminated

AUSTIN, TX--(Marketwire - September 17, 2007) - Tensleep Corporation (OTC: TENS) ("Tensleep") announced that the transaction for the acquisition of XSTV MEDIA, INC. ("XSTV") did not close and that negotiations for the acquisition have been terminated by both parties. Tensleep and Tensleep Wireless Corporation will not be changing their name, although a change of name was approved by their shareholders at the shareholders meeting held today.

"We are disappointed that we were not able to acquire the balance of the shares of XSTV," said Ronald Tucker, President and CEO of Tensleep Corporation. "We will, however, retain our equity interest in XSTV."

"Notwithstanding the failure to close the transaction, the Tensleep management believes extreme sports provides an opportunity for the future growth of Tensleep," stated Mr. Tucker. "We believe that there are other transactions and/or acquisitions that will give us a better foundation for growth in the extreme sports media industry segment."

Tensleep Corporation conducts research and development and acquires intellectual property specializing in the design and development of electronic products and provides limited funding to emerging growth companies and advises public and private companies about capital and financial restructuring and reorganization thus enabling them to secure financing. For more information on Tensleep Corporation visit

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