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Titan
Global Holdings, Inc. (OTCBB: TTGL)
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Dear
Reader:
One of
Newton’s Laws holds that for every action there is an equal
and opposite reaction, but rarely does that reaction manifest as a
public company hitting its 52-week high on one of the year’s
worst trading days.
Such was
the case with Titan Global Holdings Inc. (OTCBB: TTGL),
which reached a 52-week high of $1.49 yesterday on fairly active
trading despite Wall Street’s jitters.
This kind of tenacity may demonstrate an underlying confidence among
Titan’s existing and new shareholders.
Adding
fuel to the fire, Titan announced today that it had appointed veteran
executive Frank Orlando as Chief Restructuring Officer of USA
Detergents, Inc., (USAD), having recently announced execution of a
definitive option agreement to purchase 80% of the outstanding stock of
USAD. USAD has a line of premium brands, through
distribution, license and manufacturing agreements. In 2006,
USAD generated $56.8 million in revenue.
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Breaking
*NEWS* From Titan Global Holdings,
Inc.
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Press
Release Source: Titan Global Holdings, Inc.
Friday August 10, 3:30 am ET
Titan
Global Holdings Appoints Veteran Executive Frank Orlando
as
Chief Restructuring Officer of USA Detergents
Titan Plans to Accelerate Growth of USAD Product
Lines That Generated $56.8 Million in Revenue for 2006
DALLAS--(BUSINESS WIRE)--Titan Global Holdings,
Inc. (OTCBB:TTGL - News), ("Titan") a high-growth diversified holding
company, today announced that it has appointed veteran executive Frank
Orlando as Chief Restructuring Officer ("CRO") of USA Detergents, Inc.,
www.usa-detergents.com ("USAD"). Titan recently announced its execution
of a definitive option agreement to purchase 80% of the outstanding
stock of USAD.
As CRO, Mr. Orlando will manage USAD's operations
during the 60 day option period and Titan will guarantee bridge
financing up to $1.5 million for USAD's continuing operations. During
the sixty day option period, Titan has the right to exercise its option
to purchase 80% of the outstanding stock in exchange for the referenced
bridge financing.
USAD generated revenues of $56.8 Million in 2006.
USAD manufactures its products at a plant of 206,000 square feet in
Hillside, New Jersey. USAD distributes its products from a warehouse of
175,000 square feet in Brunswick, New Jersey. Its corporate
headquarters is in offices of 10,000 square feet in Brunswick, New
Jersey. USAD has 71 employees.
USAD is a manufacturer and distributor of quality
and mid-priced laundry care products, household cleaners, personal care
items, candles and air fresheners. Its product mix is categorized as
"Branded Value", with retail prices featured in the medium to low price
range, while product packaging and product quality is high.
Today USAD distributes mixed truckloads of
nationally-recognized laundry, cleaner and candle brands at attractive
prices and in unique merchandising configurations. By leveraging brand
extensions and licensing agreements with consumer product
conglomerates, USAD's brands include Xtra, Arm & Hammer, Aim,
Close-up, Pepsodent, Betty Crocker, Snapple, Fine Care, Brillo, Touch
of Glass, Fabulous and Oxymax. Consistent with the distribution focus
of Titan's other divisions, USAD's distribution footprint serves small
and mid-sized retailers, wholesalers and distributors that serve
Metropolitan areas in the U.S. and internationally.
"I am looking forward to gaining an intimate
knowledge of the inner workings at USA Detergents and to work with its
talented employees," said Mr. Orlando. "USA Detergents' established
brands, extensive distribution agreements and a dedicated team provide
a dynamic combination that I believe will provide a great return to
Titan's shareholders and the shareholders of USAD."
"Frank offers our shareholders tremendous
experience in restructuring efforts, involving far more complicated and
challenging companies than the already successful USAD," said Bryan
Chance, President and Chief Executive Officer of Titan Global Holdings.
"Furthermore, Frank's energy coupled with the know-how of the USAD team
will produce tremendous results. I look forward to working with Frank
and the team to add immediate value from USAD."
"When our team met Titan as a potential partner in
our revitalization, we were intrigued by the financial and human
resources Titan could bring to USAD," said Uri Evan, Chief Executive
Officer and Co-Founder of USAD. "Titan was attractive to USAD because
they offer a proven management team and financial resources. We are
excited to work with Frank and the Titan team to propel USA Detergents
to new heights."
Titan recently announced the formation of Titan
Products Group to integrate, protect and expand brand management
capabilities and to leverage and optimize growth from The Company's
distribution channels. Through its diverse family of subsidiaries,
Titan owns or manages more than 100 trusted brands that are distributed
through efficient, overlapping and expansive distribution channels.
Titan's distribution channels reach over 65,000 retail locations
throughout the United States and in over 200 countries around the world.
Mr. Orlando has served as Chief Restructuring
Officer of Uphonia, Inc., a publicly traded company engaged in
communications. He has also served Chief Restructuring Officer, Chief
Financial Officer, Secretary and a Director of Headliners Entertainment
Group, Inc., a publicly traded company engaged in entertainment
management.
About Titan Global Holdings
Titan Global Holdings is a diversified holding
company with a dynamic portfolio of subsidiaries that capitalize on
several robust revenue streams. Titan's highly proactive and seasoned
management team continues to focus on building shareholder value
organically within each subsidiary and through strategic acquisitions
that provide significant and immediate opportunities for revenues and
earnings.
Titan Global Energy was formed to manage a
vertically integrated family of subsidiaries in the energy sector that
capitalize on the ever-increasing demand for petroleum and alternative
fuel products. The division's first acquisition will be Appalachian Oil
Company, which owns and operates an extensive petroleum product
distribution network that will generate approximately $410 million in
revenues for fiscal 2007. Appco's vast and long-standing assets make it
an ideal platform that provides ample strategic opportunities for
growth.
Titan Global Communications was formed to manage a
vertically integrated family of subsidiaries that capitalize on global
trends in the telecommunications industry. The division's platform
subsidiary is Oblio Telecom, a market leader in prepaid
telecommunications and the second largest publicly-owned company
focused on international prepaid telecommunications space, expected to
generate $125 million in 2007. Titan also operates Ready Mobile,
StartTalk, PinLess and other wireless communications assets through its
Communication division.
In all, Titan owns or manages more than 100
trusted brands that are distributed through efficient, overlapping and
expansive distribution channels. Titan's distribution channels reach
over 65,000 retail locations throughout the United States and in over
200 countries around the world. To manage this vast and growing number
of well-known brands, Titan has formed Titan Global Brands to
integrate, protect and expand brand management capabilities and to
leverage and optimize growth from the Company's distribution channels.
For more information, please visit:
www.titanglobalholdings.com. For investor-specific information and
resources, visit http://www.trilogy-capital.com/tcp/titan/
or http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/titan/quote.html.
To view an investor fact sheet about the company, visit http://www.trilogy-capital.com/tcp/titan/factsheet.html.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities
Litigation Act of 1995 -- With the exception of historical information,
the matters discussed in this press release are forward-looking
statements that involve a number of risks and uncertainties. The actual
future results of TTGL could differ significantly from those
statements. Factors that could cause actual results to differ
materially include risks and uncertainties such as the inability to
finance the company's operations or expansion, inability to hire and
retain qualified personnel, changes in the general economic climate,
including rising interest rate and unanticipated events such as
terrorist activities. In some cases, you can identify forward-looking
statements by terminology such as "may," "will," "should," "expect,"
"plan," "anticipate," "believe," "estimate," "predict," "potential," or
"continue," the negative of such terms, or other comparable
terminology. These statements are only predictions. Although we believe
that the expectations reflected in the forward-looking statements are
reasonable, such statements should not be regarded as a representation
by the Company, or any other person, that such forward-looking
statements will be achieved. We undertake no duty to update any of the
forward-looking statements, whether as a result of new information,
future events or otherwise. In light of the foregoing, readers are
cautioned not to place undue reliance on such forward-looking
statements. For further risk factors see the risk factors associated
with our Company, review our SEC filings.
Contact:
Trilogy Capital Partners
Financial
Communications:
Ryon
Harms, Toll-free: 800-592-6067
ryon@trilogy-capital.com
Source: Titan Global Holdings, Inc.
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About Titan Global Holdings Inc. |
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Titan Global Holdings, Inc.
("Titan" "TTGL") is a high-growth diversified holding company
with a dynamic portfolio of companies engaged in emerging
telecommunications markets, advanced technologies and energy. In
its last fiscal year Titan generated in excess of $109 million in
revenues on a consolidated basis. Titan has two primary
businesses that are comprised of numerous subsidiaries that serve the
Telecom Industry and more specifically, the Wireless
Industry.

Titan's Oblio Telecom Inc.
("Oblio") telecommunications subsidiary, based in Richardson,
Texas, is a market leader in prepaid telecommunications products and the
second largest publicly-owned international telecommunications company
focused on the prepaid space. Oblio leverages strategic
agreements with Tier 1 telecommunications leaders Sprint and Level3 to supply its
brand-name prepaid calling cards. Annually
Oblio sells an estimated 35 million of its brand-name prepaid calling
cards through its established distribution
channels estimated at more than 60,000 retail outlets in
all 50 United States and Puerto Rico. Visit: Oblio Telecom, Inc.,
Titan Wireless, Inc. ("T Wireless")
is Titan's wireless subsidiary and is a mobile virtual network operator
("MVNO"). T Wireless sells its MVNO prepaid wireless products and
wireless services through Oblio's established distribution channels.
Titan's Electronics and Homeland Security division specializes in
advanced manufacturing processes to provide commercial production runs
and quick-turn delivery of printed circuit board prototypes for
high-margin markets including Homeland Security and high-tech clients. Visit: Pinless, Inc.
Titan
is committed to providing consumers with the
tools they need to thrive by connecting them to family, friends and
colleagues.
TITAN'S TWO
GROWING DIVISIONS
Titan’s Electronics and
Homeland Security Division includes Titan PCB East,
Inc. and Titan PCB West, Inc. These
companies specialize in the manufacturing of advanced circuit boards
and other high tech products for military and high-tech clients, and
generated record revenues in 2006.
Titan's printed circuit boards serve as the
foundation in many electronic products used in telecommunications,
medical devices, automotive, military applications, aviation
components, networking and computer equipment. Titan's time
sensitive and high quality manufacturing services enable its customers
to shorten the time it takes them to get their products from the
research and development phase to the production phase, thus increasing
their competitive position. Additionally, PCB East serves military and
defense industry customers that are regulated to purchase printed
circuit boards from companies that hold certain certifications from the
United States Department of Defense. PCB East currently has
military certifications 31032 and 55110.
Titan's Energy Division
looks forward to the closing of its planned acquisitions of Appalachian Oil Company
in September 2007. With this acquisition as the platform,
Titan looks to expand in the energy sector through continued organic
growth of Appalachian Oil Company and future strategic complementary
acquisitions in the energy sector.
Titan's
business strategy, by division, follows...
Titan
Communications Division
·
Expand market share in prepaid international phonecard market through
continued expansion in distribution network.
· Migrate termination of traffic to most efficient means,
including strategic partnerships with tier one communications providers
and newly developed and operational internal call termination
options.
· Launch e-commerce initiatives to rapidly offer prepaid
international telecommunications services online to a fast growing
segment of our existing customers who have internet
connectivity.
· Acquire and integrate strategic assets of businesses that
increase penetration and efficiencies in existing prepaid international
telecommunications markets (international phonecards and wireless
subscriber bases).
Titan
Electronics and Homeland Security Division
·
Target potential customers and industries needing prototype boards with
required turnaround times of between 24 hours and the industry standard
10-days as well as preproduction needs requiring numerous types of
materials.
· Aggressively market specialty manufacturing services for
time sensitive, high-tech prototype and pre-production Rigid and HVR
Flex Ô (rigid-flex) PCBs to the high technology industry and
cater to customers who need time sensitive delivery of low to medium
production runs with high quality and superior design and customer
service interface whether for production or research and
development.
· Expand its services to include rigid-flex combinations in
order to diversify sources of revenue.
· Acquire manufacturing facilities that have military
certification or add value to its current time sensitive manufacturing
service business.
TITAN
telecom
subsidiaries
Titan’s
wholly owned subsidiaries are
capitalizing on a broad range of technological innovations spanning
telecommunications, electronics and homeland security. Derived from
internal development and strategic acquisitions, Titan delivers
cost-effective, secure, and environmentally-friendly solutions for
customers around the world.
TITAN WIRELESS COMMUNICATIONS, INC.
A prepaid wireless communications and mobile virtual network
operator. Titan Wireless Communications, Inc. operates four
major wireless brands, including Picante Movil, Mojo Mobile, Ready
Mobile PCS, and Bravo Wireless.
PICANTE
MOBILE
Titan Wireless Brand - A "Spanish First" bilingual prepaid wireless
program that allows the consumer the flexibility to purchase anytime
minutes and Unlimited Nights & Weekends separately for as
little as $5. Picante Movil offers direct dial, aggressively priced
international rates to Mexico, Central & South America as well
as free domestic long distance. http://www.mipcante.com
MOJO
MOBILE
Titan Wireless Brand - One of Titan's strongest chain store brands,
Mojo features handsets preactivated with a phone number right out of
the package. Additional features include FREE Nights &
Weekends, free long distance, a FREE phone with mail in rebate, and
rates as low as 3c per minute. http://www.mymojomobile.com
READY
MOBILE PCS
Titan Wireless Brand - A popular prepaid wireless offering with dollar
stores, chain drug, and convenience stores, ReadyMobilePCS features
aggressive domestic calling rates which get better with higher
denomination purchases. It features FREE Nights & Weekends, a
FREE phone with mail in rebate, and rates as low as 3c per minute. http://www.readymobile.com
BRAVO
WIRELESS
Titan Wireless Brand - The bilingual offering featuring a flat rate
program with Unlimited Nights & Weekends for as little as $20.
BRAVO offers free nationwide digital roaming and long distance and is
very popular with independent distributors and retailers nationwide. http://www.bravocellular.com
PINLESS,
INC.
A division of Oblio Telecom, Inc. Provides pre-paid long distance
products for the wire line and wireless markets. www.whyuseit.com
OBLIO
TELECOM, INC
Oblio Telecom, Inc, is engaged in the creation, marketing and
distribution of pre-paid telephone products for the wire line and
wireless markets and other related activities. Oblio markets many of
their products through a network of 60,000 distributors in all 50
states and all US Territories. http://www.obliotel.com
STARTTALK,
INC.
A network operator focused on international termination with routes to
over 150 countries worldwide
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Recent News From Titan Global Holdings |
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Press Release
Source: Titan Global Holdings, Inc.
Wednesday
August 8, 10:17 am ET
Titan Global Holdings' Starttalk Unit Powers
Communications Division
as Fiscal Year 2007 Closes
Starttalk's Continued Growth of Switch
Capacity Expansion Facilitates Product Growth
DALLAS--(BUSINESS
WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), ("Titan") a
high-growth diversified holding company, today announced that Starttalk
has tripled its network capacity in 2007 and is now carrying all of
Titan's Communications Division international long distance traffic.
Titan further indicated that this culminates the transition of its
international long distance traffic termination from Titan's previous
strategic agreements through its Oblio Telecom subsidiary which
utilized strategic partnerships to purchase prepaid PINS from two
strategic tier one carriers. MORE
Press Release
Source: Titan Global Holdings, Inc.
Wednesday
August 1, 3:30 am ET
Titan
Global Holdings Nears Milestone
in Announced Four Million Share Open Market
Buy Back Plan
Board of Directors Continue to Cite
Attractive Share Price and Company's Improving Fundamentals for Plan to
Decrease Share Supply
RICHARDSON,
Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan")
(OTCBB:TTGL - News), a high-growth diversified holding company,
reported today on the Company's previously announced four million share
open market buy back plan. As of July 31, 2007, the Company repurchased
436,807 shares of its common stock in the open market at an average of
$1.16 per share.
In
explaining its decision and the buy back plan in May, 2007, Titan's
Board of Directors cited its attractive share price, reported record
financial results and strategic progress from its various business
units. The management, directors, and strategic investors of Titan
continue to increase its ownership, which was already in excess of
approximately 75% of the common stock issued and outstanding shares
prior to the announcement of the commencement of the buy back plan on
May 9, 2007. MORE
a
Press Release
Source: Titan Global Holdings, Inc.
Friday July 27,
4:01 pm ET
Titan Global Holdings Issues Revenue
Guidance for Fiscal 2008 of Record $580 Million
Company's Forecast Reflects Launch of Titan
Global Energy and Acquisition of $400 Million Appalachian Oil with
Continued Success of Communications Division
RICHARDSON,
Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan")
(OTCBB:TTGL - News), a high-growth diversified holding company, today
issued revenue guidance for fiscal 2008, projecting record-setting
revenues in excess of $580 million following the formation of Titan
Global Energy Division and the announced milestone acquisition of
Appalachian Oil Company (Appco), an established petroleum product
distribution company that generated revenues of approximately $400
million in fiscal 2006. MORE
Press Release
Source: Titan Global Holdings, Inc.
Wednesday July
25, 12:01 am ET
Titan Global Holdings Announces Exclusive
Biofuels Supply Agreement with NewGen Technologies
Strategic Relationship with NewGen Also
Extends to Sharing of Due Diligence Information for Company's
Acquisition of $400 Million APPCO
RICHARDSON,
Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan")
(OTCBB:TTGL - News), a high-growth diversified holding company,
announced today the formation of a strategic partnership whereby NewGen
Technologies will be the exclusive supplier of biofuels for Appalachian
Oil Company (APPCO). The Company recently announced the execution of a
definitive purchase agreement to acquire 100% of the outstanding stock
of APPCO, representing the new Titan Energy Division's initial
acquisition in the energy sector.MORE
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Financial Highlights For TTGL |
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four million share open market buy back plan
"Titan's metrics have been exceptional with
sequential quarterly increases in revenues, EBITDA and earnings," says
Bryan Chance, Chief Executive Officer of Titan Global Holdings. "We
intend to take advantage of this attractive share price, which is
currently trading at approximately 14.5% lower than our 52-week high.
As such, Titan may from time to time continue such purchases with the
resulting decrease in the Company's public float."
SIC: 3669 - Communications Equipment
State location: TX | State of Inc.: UT | Fiscal Year End:
08/31
Recent
Price: $1.48 (8/10/07)
Market Cap:
$72.58M
Outstanding:
48,629,052
Avg Vol (3m):
43,107
Price Earnings
Ratio: 8.27
Employees
209

Titan
Global Holdings is a fully reporting company.
To
view the TTGL filings at the SEC Web site, CLICK
HERE
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To Contact Titan Global Holdings |
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407 International Parkway - Suite
403
Richardson, TX 75081
Trilogy Capital Partners, Inc. -
Ryon Harms - President
ryon@trilogy-capital.com
Phone: (800) 592-6067
Titan Global Holdings,
Inc.
http://www.titanglobalholdings.com/
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