Tesoro Enterprises, Inc. (TSNP) has released its Quarterly Report for the Six months ended June 30, 2018. Net sales for the six months period ending June 30, 2018 were $ 73,444 compared to Net Sales of $ 83,141 for the period ending June 30, 2017.Net income for the six month period ending June 30, 2018 was $ 8,786 compared to Net Income of $ 20,786 for the six month period ending June 30,2017. Financial Statement for the periods ending June 30, 2018, December 31, 2017 and December 31, 2016 are embedded below.

Company CEO, Henry J. Boucher, stated that " even in the face of increasing competition in the retail sector from discount wholesaler/retailers, like Lumber Liquidators and the big "box" stores, the Company has continued to remain profitable through the last six quarters We have also strengtnen our balance sheet over that same time period.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

24 Danbury Road

Wilton, CT 06897

203/763-1169

March 23. 2018

Tesoro Enterprises, Inc. (TSNP) has released its Annual Report for the twelve month period ending December 31, 2017. Net income for the twelve month period ending December 31, 2017 was $ 891 compared to a net loss of ($36,378) and a net loss of ($13,845) for the periods ending December 31, 2016 and December 31, 2015 respectively. The financial statements for the periods ending December 31, 2017, December 31, 2016 and 2015 are embedded below.

Company CEO, Henry Boucher, stated that he was pleased that the Company was able to hold on to it's net income position through Year-End, since the forth quarter in the northeast is the weakest from a sales perspective. He explained that the increase in on-line sales through Wayfair has helped mitigate the seasonality of the business. The company now has over forty different collections available on the Wayfair customer portal (www.wayfair.com) and has just recently processed it's 1,200th order. He mentioned that he expects the on-line business to become a more dominate line of business for the Company in the future.

March 1. 2018

Tesoro Enterprises, Inc. (TSNP) has released its Third Quarter Report for the nine month period ending September 30, 2017. Net income for the nine month period ending September 30, 2017 was $ 2010 compared to a net loss of ($22,000) and a net loss of ($7,000) for the periods ending September 30, 2016 and September 30, 2015 respectively. The financial statements for the periods ending September 30,2017, December 31, 2016 and 2015 are embedded below.

September 30, 2017

Tesoro Enterprises, Inc. (TSNP) has released its Semi-Annual Report for the six month period ending June 30, 2017. Net income for the six month period ending June 30, 2017 was $ 20,786 compared to a net loss of ($ 30,243) and a net loss of ($ 19,621) for the periods ending June 30, 2016 and June 30, 2015 respectively. The financial statements for the periods ending June 30,2017, December 31, 2016 and 2015 are embedded below.

Company CEO, Henry Boucher stated that " improved margins and reduced operating expenses, have turned the Company's earnings positive. He also confirmed that Tesoro continues to discuss potential business combinations with potential business partners, under existing NDA's, that could bring additional revenues to the company.

Tesoro Enterprises, Inc. (TSNP) has released its 2016 Annual Report.

The financial statements for the periods ending December 31, 2014,2015 and 2016 are embedded object below.

Tesoro Enterprises, Inc. (TSNP) reports that, as reported on December 23rd, its retail subsidiary, Fashion Floor Covering & Tile, has signed a new lease and reduced the size of its foot print. The new space, located at 24 Danbury Road in Wilton CT, will become Tesoro's new home as well. As the company focuses more on its internet business, the need for showroom space has been reduced.

On February 15th, the company signed an additional Non- disclosure agreement with a potential business partner. This agreement facilitates the discussions relating to a potential business arrangement. The results of these discussions are speculative and non-binding between the parties.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

24 Danbury Road

Wilton, CT 06897

203/763-1169

Tesoro Enterprises, Inc. (TSNP) reports that its conversion rate for marketing programs on Wayfair.com reached 34 % in December 2016, up from 17% in November 2016. The Company also stated that it will be reducing the size of its retail footprint, eliminating unnecessary overhead, to concentrate more on its online business.

On December 22, 2016, the company signed a Non- disclosre agreement with a potential business partner. This agreement facilitates the discussions relating to a potential business arrangement. The results of these discusions are speculative and non-binding between the parties.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

426 Danbury Road

Wilton, CT 06897

203/763-1169

Tesoro Enterprises, Inc. (TSNP) has released its 2015 Annual Report.

The company reported Net Sales for the twelve months ended December 31, 2015 of approximately $ 351,000 down from approximately $ 391,000 for the twelve months ended December 31, 2014. Gross profit for the twelve months ended December 31, 2015 was approximately $143,000 up from approximately $98,000 for the twelve months ended December 31, 2014. Income from operations (EBITDA) was approximately $71,000 up from approximately $5,000 for the twelve months ended December 31, 2014. Income (Loss)before income tax for the twelve months ended December 31, 2015 was approximately $ (14,000) down from approximately $(0) for the twelve months ended December 31, 2014. The decrease in Income before Income Tax was primarily due to interest cost.

The financial statements for the periods ending December 31, 2013,2014 and 2015 are embedded in the link below.

Tesoro%20Enterprises,%20Inc.%20Annual%20Report%202015

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

426 Danbury Road

Wilton, CT 06897

203/763-1169

Tesoro Enterprises, Inc. (TSNP) announced that it has signed two agreements. A Non Disclosure Agreement and a Non Circumvention Disclosure Agreement. The Non Disclosure Agreement provides for the confidntial sharing of corporate information with a potential business partner for the purpose of evaluating a possible mutual business transaction. The Non Circumvention Disclosure Agreement provides protection for the signing parties durning the evaluation period for potential business combinations. These agreements are not overlapping and are independent transactions.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

426 Danbury Road

Wilton, CT 06897

203/763-1169

Tesoro Enterprises, Inc. (TSNP) announced that it has entered into an agreement with Graber Blinds, Shades and Shutters to market and sell the branded products on the Wayfair e-commerce platform. The products will be listed under " Tesoro Shades, Blinds and Shutters by Graber". These new products will join the over 21 lines of tile currently offered on the Wayfair site (www.wayfair.com/tesoro). The Company recently processed its 500th order from Wayfair. While a majority of the purchase orders are still for samples, the conversion rate has reached 10% with an ultimate target rate of 40%.

CRead more

Tesoro Enterprises, Inc. (TSNP) today published it's Financial Statements for the six month period ended June 30, 2014. The results of operations were generally in line with the preliminary results issued on July 25, 2014. The complete filing can be viewed at www.otcmarkets.com/TSNP.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/763-1169

Tesoro Enterprises, Inc. (TSNP) issued preliminary financial performance information for the second quarter of 2014. Revenue for the three months ended June 30, 2014 was approximately $72,500, an increase of approximately $53,000, or 200%, over the revenue reported for the three months ended March 31, 2014 of $18,962. Net Income, before income tax, for the three months ended June 30, 2014 was approximately $3,900, an increase of approximately $26,758 over the Net Loss of ($22,858) for the three months ended March 31, 2014.

Company CEO, Henry J. Boucher, said that the improved performance of the company is the result of the replacement of the closed retail store in Wilton, CT with the acquisition of JZM electrical contractors, the increased in sales in the New Canaan, CT store and the reduced overhead of the retail store.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/763-1169

New Canaan, CT - Tesoro Enterprises, Inc. (TSNP:PK) announced today that it had successfully renegotiated its commercial bank Credit Facility.

Company CEO, Henry J. Boucher, said that the company had replaced its former revolving line of credit with a permanent commercial term loan. The new ten year conventional loan will carry a fixed interest rate replacing the variable rate included in the old facility. He also stated that the new fixed rate, approximately half of the old adjustable rate, will help cash flow and protect the company from expected future interest rate increases.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/763-1169

New Canaan, CT - Tesoro Enterprises, Inc. (TSNP:PK) announced today that it had signed two non-disclosure agreements with potential acquisition candidates in the home products, sales an installation, and services market place.

Company CEO, Henry J. Boucher said while the discussions are preliminary, the candidates fit very well with the growth strategy of Tesoro. However, there is no guarantee that these transactions will close.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/763-1169

New Canaan, CT - Tesoro Enterprises, Inc. today released estimates of its financial performance for the three and twelve months ended December 31, 2012.

Net Sales for the three months ended December 31, 2012 were approximately $102,000 compared to $160,000 for the three months ended December 31, 2011, a decrease of approximately $58,000 or 36%. Net sales for the twelve months ended December 31, 2012 were approximately $339,000 compared to $601,000 for the twelve months ended December 31, 2011 or a decrease of approximately $262,000 or 43%.

Tesoro's CEO, Henry J. Boucher, said that forth quarter 2012 Net Sales suffered from the business slow down in the summer and fall, previously reported. The company saw some strengthening toward the end of the quarter and that appears to be holding in the early part of 2013 as the company has a good backlog of projects.

While the company has experienced a decrease in net sales in the forth quarter ended December 31,2012, Mr. Boucher added that the continued emphasis on cost reduction should produce a modest net profit for the quarter ending December 31, 2012. However it will not be large enough to offset the net loss recorded through the first nine months of 2012. The first quarter of the years is traditionally the slowest for the company; therefore, it may be difficult to sustain a net profit into early 2013.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/763-1169

New Canaan, CT- Tesoro Enterprises, Inc. announced the engagement of Vertical Search Works, Inc. an online marketing and advertising company to design and place ads for Fashion Floor Annex's ("FFA") products. The online campaigns began in late December and link the customer directly to FFA's e-commerce web site, www.stone-tile-showroom.com. The current set of ads run on two markets, the entertainment and the home and garden markets.

CEO, Henry Boucher said that, "while we are still embedding the company in this market strategy, the number of clicks we are receiving is three time that of the historical average of the company". Mr. Boucher added that since the beginning of the exercise we have received over one thousand clicks on a base of over 2.7 million impressions for a click through rate (CTR) of nearly .5%.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/763-1169

FOR IMMEDIATE RELEASE

Fashion Floor Covering Receives 2012 Best of New Canaan Award

New Canaan Award Program Honors the Achievement

NEW CANAAN November 9, 2012 -- Fashion Floor Covering has been selected for the 2012 Best of New Canaan Award in the Retail Floor Materials category by the New Canaan Award Program.

Each year, the New Canaan Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the New Canaan area a great place to live, work and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2012 New Canaan Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the New Canaan Award Program and data provided by third parties.

About New Canaan Award Program

The New Canaan Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the New Canaan area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.

The New Canaan Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.

SOURCE: New Canaan Award Program

CONTACT:
New Canaan Award Program
Email: PublicRelations@awardprogram.org
URL: http://www.awardprogram.org

Company Releases Third Quarter 2012 Financial Statements

New Canaan, CT- Tesoro Enterprises, Inc. (TSNP:PK) today released estimates of its financial performance for the three and nine months ended September 30, 2012.

Net Sales for the three months ended September 30, 2012 were approximately $50,000 compared to $176,000 for the three months ended September 30, 2011, a decrease of approximately $126,000 or 72%. Net sale for the nine months ended September 30, 2012 were approximately $252,000 compared to $440,905 for the nine months ended September 30, 2011 a decrease of approximately $189,000 or 42%.

Tesoro's CEO Henry J. Boucher said that the company had not yet begun to experience the reported improvement in home sales reported in the news media. He also said that consumers are still seeing reductions in disposable income caused by fuel costs and general upside pressure on other costs. Firming of home values and the availability disposable income are the most significant determining factors in the remodeling decision.

Mr. Boucher also stated that despite the softening in Net Sales, the company expects to see a significant improvement in its operating loss due to reductions in operating expenses. Net Income (Loss) for the nine months ended September 30, 2012 was approximately $(130,000) compared to $(224,000) for the nine months ended September 30, 2011 an improvement of approximately $94,000 or approximately 42%.

In addition, the Company announced that in accordance with its published resolution, it had purchased 21,000,000 shares of its common stock from the market. This activity has resulted in the temporary reduction of the Outstanding Shares from a high of 4,548,379,108 on June 30, 2012 to a current Outstanding Shares of 4,527,379,108 as reported on the pink sheet web page for TSNP.

Forward-Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company’s current expectations regarding future events. Actual events could differ materially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises, Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on the forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the Company from time to time with the Securities and Exchange Commission.

Contact Information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/930-7427

New Canaan, CT- Tesoro Enterprises, Inc. (TSNP:PK) today announced that OTC Markets, Inc. had completed its review of the Attorney Letter with Respect to Current Information and returned the Company to OTC Pink-Current Status.

Henry J. Boucher, Tesoro's CEO, explained that, as previously stated, the company's long time securities attorney had retired from practice before the SEC, she is remaining an advisor to the company. The process of engaging a new attorney required a review of historical data that has now been successful completed. Mr. Boucher also references shareholders to the OTC Market's information sight for a full explanation of the meaning of the Attorney's Letter contents.

Forward-Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company’s current expectations regarding future events. Actual events could differ materially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises, Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on the forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the Company from time to time with the Securities and Exchange Commission.

Contact Information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/930-7427

Tesoro Enterprises, Inc. (TSNP:PK) today announced the opening of a corporate brokerage account.

The Board of Directors of Tesoro Enterprises, Inc. (TEI) has authorized management to open a brokerage account for the purpose of reacquiring the Company’s common stock. The Board has authorized the repurchase of up to $100,000.00 worth of stock over the next 18 months. The primary reason for this reacquisition program is to establish a fund of free trading shares that can be used for acquisitions and consultant services. Any shares, acquired through this program, will be held as Treasury Stock in the equity section of the company’s balance sheet. The effect on the company’s common stock, of any reacquisition, will be to temporarily reduce the total shares outstanding and the float as reported on the company’s OTC Markets’ (TSNP:PK) web site.

Company CEO, Henry Boucher, said that “The program will be coordinated with the availability of acquisition candidates and the availability of working capital”.

Forward-Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company’s current expectations regarding future events. Actual events could differ materially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises, Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on the forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the Company from time to time with the Securities and Exchange Commission.

Contact Information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/930-7427

New Canaan, CT - Tesoro Enterprises, Inc. (TSNP:PK) today released estimates of its financial performance for the three and six months ended June 30, 2012.

Net Sales for the three months ended June 30, 2012 were approximately $117,000 compared to $170,131 for the three months ended June 30, 2011, a decease of approximately $53,000 or 31%. Net sales for the six months ended June 30, 2012 were approximately $216,000 compared to $263,920 for the six months ended June 30, 2011, a decrease of approximately $47,000 or 18%.

Tesoro's CEO, Henry J. Boucher, said that "The decrease in Net Sales was caused by a general weakening of the economy in the areas served by the Company's retail stores. This weakness is magnified by the uncertainty surrounding the up coming Federal and State Tax Law changes and their impact on the consumers' disposable income, the primary source of the funds used to upgrade personal residences." In order to mitigate the weakness in flooring sales, the Company has added The Hunter Douglas line of window treatments to its New Canaan store.

Mr. Boucher further stated that while the Company is disappointed in the sales figures, he does not believe that the shortfall in net sales year-to-date is insurmountable; and, that the company has a reasonable chance to recover and match or exceed 2011 net sales.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/930-7427

New Canaan, CT- Tesoro Enterprises, Inc. announced today the publishing of its First Quarter 2012 Financial statements. The report included, among other things, the following summary of Management's Discussion and Analysis of the Results of Operations for the first quarter of 2012.

"Net Sales for the three months ended March 31, 2012, was $98,335 compared to $93,789 for the three months ended March 31, 2011, an increase of $4,546. The increase in Net Sales is primarily attributable to the Net Sales from the second store. Revenues consist of ordinary sales activity, and are consistent with recent history.

Gross profit, generated primarily by FFC&T, for the period ended March 31, 2012 was $29,254 compared to $30,844 for the three months ended March 31, 2011, a decrease of $1,590. The decrease is primarily due to increases in material and labor costs. The increases in material and labor costs resulted in a reduction in Gross Margins to 30% for the three months ended March 31, 2012 from 33% for the three months ended March 31, 2011.

Operating expense for the period ended March 31, 2012 was $53,691 compared to $156,701 for the three months ended March 31, 2011, a decrease of $103,010. The decrease, in operating expenses, is due to the elimination of start-up costs of Store #2 and reduced corporate overhead; and, consists primarily of general and administrative expenses.

Net loss for the period ended March 31, 2012 was $(28,956) compared to $(129,044) for the period ended March 31, 2011, a decrease of $100,088. The primary contributor to the decrease in Net Loss was the decrease in operating expenses discussed above. Management expects improvement in net Income/ (Loss) as the weather improves, as Store #2 continues to gain market share in its new territory and the expansion of the company’s commercial flooring operations."

Henry Boucher, Company CEO said that the growth in Net Sales for Q1 '12 over Q1 '11 represents a 5% growth rate. He also noted a significant reduction in operating expense and net loss. The balance sheet has been strengthened by the conversion of a majority of debentures to common stock.

The complete financial statements are available on the OTC web site: www.otcmarkets.com, under the company symbol, TSNP:PK.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/930-7427

New Canaan, CT - Tesoro Enterprises, Inc. (TSNP:PK) announced today that it has reached agreement to absorb the operations of a regional commercial sales and installation flooring company. Effective May 1, 2012, the commercial sales and installation operations will be absorbed into Tesoro's wholly owned subsidiary, Fashion Floor Covering & Tile, Inc. and managed as a third outlet.

Tesoro's CEO, Henry J. Boucher, said that the absorption of a commercially focused operation should have a positive impact on net sales and profitability. He also noted that there is a historical relationship between these operations and the consolidation is a natural event.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/930-7427

New Canaan, CT - Tesoro Enterprises, Inc. (TSNP:PK) today is releasing estimates of its first quarter 2012 financial performance. Net Sales for the three month ended March 31, 2012 were approximately $99,000 compared to $94,000 for the three months ended March 31, 2011. The increase of $5,000 for the three months ended March 31, 2012 over the three months ended March 31, 2011 represents a 5.2% Net Sales improvement. Tesoro's CEO, Henry J. Boucher, said he was pleased with the Net Sales figure for the first quarter for several reasons. First, the first quarter is the weakest quarter for the company due to the winter slow down in construction activity in the Northeast; second, the improvement for 2012 over 2011 represents a reversal of the decrease in Net Sales for the same period from 2010 to 2011.

Mr. Boucher mentioned the recent conversion of debentures, leaving only $4,500 worth of Convertible Debentures on the books of the company, as a factor that should strengthen the up coming balance sheet. In addition, the company continues reduce its operating expenses, moving closer to profitability.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/930-7427

New Canaan, CT - Tesoro Enterprises, Inc. (TSNP:PK) announced that it had received and processed a request for the conversion of $18,000 worth of convertible debentures from the debenture holder. The conversion request was received on March 22, 2012 and was in accordance with the terms and conditions of the debenture contract. The Company received confirmation from its transfer agent that the converted shares were issued on April 2, 2012.

Tesoro's CEO, Henry J. Boucher, said that "with this conversion, the company will have only $4,500 worth of convertible debentures remaining on the balance sheet". Mr. Boucher added that it has been a long process to convert these CD's most of which have been on the company books for several years.

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/930-7427

New Canaan, Ct � Tesoro Enterprises, Inc. (TSNP:PK) today announced upgrades to its retail store web site. The web site, www.fashionfloorcoveringandtile.com, is designed and hosted by The FloorForce, Inc. of Boca Raton, FL. The newly designed site offers customers an increased number of product displays, video supported professional interior design ideas and suggestions from a nationally known decorator and a 3-D rug shopping experience offering over 250 different hand knotted rugs to choose from and view in a lighted and furnished room. While the site remains an information site with the primary objective of attracting the customer to the retail stores to make selections, it has an e-commerce link for the direct purchase of the hand knotted rugs. Henry Boucher, Tesoro’s CEO, said that “the internet has become a major component of our marketing strategy. Many of our local customers shop first on the internet before coming to the store and together with our larger web presence with our global e-commerce site, www.stone-tile-showroom.com, which now also has the 3-D rug experience, we expect this channel to assist with the continued growth of the Company.”

Forward- Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.

Contact information:

Tesoro Enterprises, Inc.

26 Cross Street

New Canaan, CT 06840

203/930-7427

New Canaan, CT � Tesoro Enterprises, Inc. (TSNP:PK) today announced the publishing of its Fiscal 2011 Financial Statements. Net Sales for the twelve months ending December 31, 2011 were $599,002 compared to $341,514 for the twelve month period ended December 31, 2010, an increase of $257,788 or 75%.

Gross margin for the twelve months ended December 31, 2011 was $152,763 compared to $115,360 for the twelve months ended December 31, 2010 an increase of $37,402 or 32%. Operating expenses for the twelve months ended December 31, 2011 were $407,917 compared to $410,876 a decrease of $2,959 relatively unchanged despite the doubling of our retail space with the addition of a second store in January 2011. Net loss for the twelve months ended December 31, 2011 was $(279,289) compared to $(309,032) for the twelve months ended December 31, 2010 a decrease of $29,743or 9.6%. The loss for the twelve months ended December 31, 2011 reflects primarily the start up time for the new retail location.

Henry Boucher, Tesoro’s CEO, said he is pleased that the company finished the year with strong sales momentum. He added that net sales for the three months ended December 31, 2011 were $158,002 compared to $63,514 for the three months ended December 31, 2010 an increase of $94,488 or 150%. Mr. Boucher also stated that, even though the winter is our slowest time, if the sales momentum holds, we should be close to breakeven in the first quarter of 2012. We look for improving sales in the retail locations and added contribution from our e-commerce business.

Forward-Looking Statements

Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company’s current expectations regarding future events. Actual events could differ materially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises, Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on the forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the Company from time to time with the Securities and Exchange Commission.

Company announces activation of E-Commerce Site

Company releases preliminary estimate of forth quarter revenues

Company issues Third Quarter Financial Statements

Company CEO volunteers to engage in periodic live chats with Shareholders

Tesoro Enterprises, Inc. responds to shareholder questions relating to the Share Reduction Program mentioned in its press release of November 2, 2011.

Company terminates Reverse Merger discussions with InPlays, Inc.

Tesoro releases preliminary estimate of third quarter revenues

Tesoro Signs letter of Intent for a Reverse Merger with InPlays Sports Corp.

Tesoro issues press release announcing preliminary  discussions with InPlays Sports Corporation concerning potential reverse merger.

Tesoro signs agreement to evaluate the acquisition of developer of enhanced breathing apparatus for first responders

Company agrees to lease internet based sales system

Company leases space for second retail outlet

Company hires outside sales person

Company Increases Authorized shares of Common Stock

Fashion Floor Covering expands product offering

Company engages DME Capital LLC

Company announces termination of acquistion

Company signs Letter of Intent to acquire fabricator and distributor of natural stone building products.

Tesoro Distributors Reorganizes and Expands Through Acquisition

Company signs Agreement in Principal to acquire regional floor covering dealer

Tesoro Distributors Engages Investor Relations Firm

Corporation Upgraded to "Current Information" status by PinkSheets.com

Home Treasures, Inc. signs second dealer agreement

Home Treasures, Inc. announces activation of e-commerce website, www.easyhomeupgrade.com.

Tesoro Distributors's Trading Symbol changed to "TSRD"

Home Treasures, Inc. signs dealer agreement

Tesoro Distributors forms new subsidiary

IWT Tesoro Corporation changes its name

IWT Tesoro Corporation posts supplemental information on PinkSheets.com

Updated Information on Pink Sheets

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