/24-7PressRelease/ - BELLINGHAM, WA - June 28, 2008 - "The Bellingham Angel Group is proud to connect this critical early-stage funding to a company located right here in our own community," said Bruce MacCormack, chairman of the Bellingham Angel Group. "Tatango is a promising company with a sharp team and a product with a lot of promise. It is a pleasure to be able to invest not only in a vibrant new company, but to invest also in our local economy and our community at large."
After Tatango presented at the Bellingham Angels' February meeting, five members decided to invest in the company following a due diligence process.
"We are very grateful to have been so well received by the Bellingham Angel Group," said Tatango CEO Derek Johnson. "Obviously, the investment in us is very helpful and will allow us to grow our product and build out our team. But equally as important has been the advice we have received from them." Two Bellingham Angel Group members sit on the company's advisory board.
The Bellingham Angel Group meets six times per year, hearing presentations each meeting from regional early to mid-stage companies seeking funding. If they are interested, Angel Group members then invest individually in a company. For more information on the Bellingham Angel Group, please visit http://bellinghamangels.com.
Tatango allows users to instantly send free cell phone text messages to a large group of people using their website, Tatango.com. The service is completely free to users. Revenue is generated through advertising - each text message displays a short ad at the bottom of each message. Tatango currently consists of five employees, all less than 22 years old and all graduates of Western Washington University except for CEO Derek Johnson. Their office is located in downtown Bellingham. Log onto http://www.tatango.com/ to sign up for an exclusive invite to beta test Tatango before it launches to the public.
About Tatango
Tatango allows you to take your group mobile. Connect with your group anytime, anywhere via text message. For further information log onto http://www.tatango.com to sign up for an exclusive beta invite, or check out our blog http://www.tatango.com/blog/
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