Tungle, launched in June 2006 has released a peer-to-peer (P2P) meeting coordinator beta version at the Under the Radar Conference in San Francisco yesterday. According to Tungle, the response for this product is positive. It is their first product and it took them for more than nine months in developing this beta version. Headquartered in Quebec, Canada, they expand their offering geographically in North America and their first and primary market will be in the U.S. Tungle’s P2P meeting coordinator, claimed to the first meeting coordinator in a torrential manner, will enable a user to organize meetings with friends, colleagues, or anybody that use a different groupware and desktop time management systems. Though this P2P client is available for free to the public, Tungle had plans to added some premium features such as Advanced Tungle Synchronization and Advanced Tungle Suggest that priced at $10 each for a year.

“Tungle is powerful and unlike any other online calendar solution available to people today. Before a user sends a meeting request, our solution gives users a snapshot view of the times their friends, co-workers or business associates are free or busy. This makes it much easier to schedule meetings, and why this feature is so popular within corporate workgroup environments. Because Tungle transcends a single corporation or computer system, people can schedule meetings with friends, colleagues or co-workers no matter where they are or what time management or groupware solution they use. As we progress through the beta period, we will continue to add the features that users find effective - and that set us apart from the competition.” Said Marc Gingras, CEO at Tungle Corporation.

Tungle was founded by Marc Gingras, a former venture capitalist. He holds a BSc in Mechanical Engineering from the University of Ottawa, Masters degree in Management Sciences from the University of Waterloo and an MBA from INSEAD.

Update: Tungle has raised $1.5 million in a Series A funding from JLA Ventures, Desjardins Venture Capital, and Alex Karakozoff.