The company, which has its main operations in Austin, is aholding company for businesses that develop technology,Internet-related and energy-management systems. In its lastreported financial results for the quarter ending June 30, Tensleepreported a net loss of $74,403 on revenues of $45,751. It shareswere at 3 cents this morning in over-the-counter trading. The52-week high was 51 cents.

"The company will reduce its cost of operations and give it timeto implement its business plan without the pressures of being areporting company," Ronald Tucker, the company's president and CEO,said in a prepared statement. He said that the commercialization ofone of the company's products is taking longer than expected, inpart, because of the company's limited resources. In the meantime,he said, Tensleep will continue to acquire and market technologiesand seek agreements with Chinese companies for manufacturing anddistribution.