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TITAN
GENERAL (OTCBB: TTGH) |
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Circuit boards are the core of a littany of products that are
a part of elecronics used in an array of goods and services. Each
tiny masterpiece is a critical foundation for a product's eventual
application.
As a producer of circuit boards Titan General has separated
themselves from competitors in a variety of ways but perhaps none
so important as it's rapid delivery programs. Beleve it or not,
Titan General delivers these high tech wonders in time frames
as brief as 24 hours.
The notion of a circuit board itself is enough to make your grandfather's
head spin but for those of us children of the Information Age
the reality that essential circuit boards can be delivered in
one revolution of the Earth should be equally astounding.
Please take the time to consider today's profile on Titan
General and be sure and visit the company's recent news below:
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ABOUT
TITAN GENERAL |
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TTGH is an innovative fabrication services company producing time
sensitive, technologically complex prototype, and high margin
printed circuit boards. The Company was established through the
acquisition of SVPC Partners, LLC in August of 2002 and Eastern
Manufacturing Corporation in February of 2003. The management
and board of directors of TTGH are focused on significant growth
and shareholder value. TTGH operates two tech centers, one
in Amesbury, Massachusetts and the other in Fremont, California,
which is the Company’s corporate headquarters. TTGH is committed
to Enhanced Execution of PCB solutions to Exceed customer and
shareholder value expectations. The Company provides its products
from its two tech centers to original equipment manufacturers,
electronic manufacturing service providers and design engineering
service bureaus in both the commercial and military markets.
Titan prototype printed circuit boards can serve as the foundation
in many electronic products used in telecommunications, medical
devices, automotive, military applications, aviation components,
networking, and computer equipment. Titan is able to produce high-technology
printed circuit boards with surface finishes consisting of tin/lead,
immersion gold, organic solderability coating also known as OSP,
electrolytic soft and hard gold, silver and tin/nickel finishes.
TTGH's commitment is to set the next generation standard in PCB
manufacturing through concentration on the high margin rigid-flex
market, servicing what management believes is the fastest growing
segment of the $130 billion global electronics manufacturing
services market.
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MANUFACTURING
ELECTRONIC CIRCUIT BOARDS |
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Titan is focused on manufacturing high quality niche printed
circuit boards consisting of complex, multi-layered, fine-lines
and high-performance materials with delivery cycles between 24
hours and standard 10 day lead times at a competitive price.
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This "Time Sensitive" high quality manufacturing
service enables Titan's customers to
shorten the
time it takes them to get their products
from the
research and development phase to the
production
phase, increasing their competitive position.
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On May 31, 2003,
Titan had approximately 360 customers that included:
Motorola, Broadcom,
Fujitsu, Raytheon, Lockheed, BAE, Parker, Analogic,
Analog Devices,
AMD, Arrow Electronics, Flextronics, Textron, APC and
IMS.
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MARKETING
AND STRATEGIC GROWTH |
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Beginning in the year 2001, Titan began acquiring cutting edge
equipment and manufacturing systems from competitors unable to
remain in business due to a severe market downturn and overwhelming
debt. Titan also obtained customer lists and orders from several
of these firms. Through significant process improvements, cost
control mechanisms, and total customer quality orientation, Titan
has been able to expand its customer base with additional orders
from new and existing customers.
The management and board of directors of TTGH are focused on
significant growth, both organically and through accretive, highly
strategic acquisitions. Through vertical integration and aligning
its manufacturing process with that of its customers, Titan expects
to expand its services, while continuing to acquire assets and
customers of other firms in the PCB sector.
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The
Titan Strategic Model
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Expand services
of flexible circuits and rigid-flex combinations in order to
diversify sources of revenue.
Expand sales through
the marketing and manufacture of rigid-flex PCBs using the patented
HVRFlex process.
Acquire and integrate
additional production assets at discounted prices as they come
on the market.
Increase capability
of product technology and complexity.
Achieve military
31032 certification for the current Titan East facility.
Increase market
share through improved quality control and processes.
Deliver products
on time with zero defects.
Increase Titan marketing
expenditures.
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RECENT
NEWS FROM TITAN |
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Press Release
Source: Titan General Holdings, Inc.
Monday July 21, 5:30 pm ET
TTGH Announces
Record Revenue for Q3 2003 to $3.27 Million
Q3 '03 Revs
Increase 42.2% Over Q3 '02 -- YTD Revs Increase 19.3% to $7.6
Million
FREMONT, Calif.--(BUSINESS WIRE)--July 21, 2003--Titan General
Holdings, Inc. (OTC BB: TTGH), committed to creating a powerful,
efficient, state-of-the-art manufacturing-driven services organization
setting the next generation standard for end-to-end, time-critical
PCB solutions, announced today record financial results for the
quarter ended May 31, 2003. The Company reported revenues for
the quarter of $3,270,645 and a loss of $1,385,596, or ($0.10)
per share on a fully diluted basis. Robert Ciri, the Chairman
and Chief Executive Officer for Titan, noted, "We are pleased
to announce the financial results for the quarter ending May 31,
2003. Although the Company sustained losses, approximately $714,381
was non-recurring or non-cash related and we view the operating
losses effectively as investments in positioning our business
to be a world-class leader in the PCB business." Mr. Ciri went
on to say, "Titan is committed to significant growth in revenues,
growth in earnings and shareholder value. To that end we have
assembled a stellar team to fully exploit what we believe to be
enormous opportunities in the high margin prototype PCB business
- with particular emphasis on rigid-flex technology."
To read the entire news release and
Safe Harbor, click
here.
Press Release
Source: Titan General Holdings, Inc.
Wednesday June 18, 10:41 am ET
Titan General
Holdings, Inc. Announces Delivery
of 2,200 Weapons
Effect Simulation (WES)Systems
SANTA CLARA, Calif., June 18 /PRNewswire-FirstCall/ -- Titan
General Holdings, Inc. (OTC Bulletin Board: TTGH - News) announced
today that it successfully completed the delivery of 2,200 Weapons
Effect Simulation (WES) systems, to J-Cort Systems Corporation
of Santa Fe Springs, California. The WES is used as a "train as
you fight" system for Battle groups during live "force on force"
exercises. Using Titan's patented proprietary HVRFlex production
method, the order was processed and completed in June of 2003
and was valued at over $300,000.
Titan, Inc. CEO Bob Ciri stated, "We are excited to add J-Cort
Systems Corporation to our growing list of customers. This contract
demonstrates our ability to obtain orders and deliver quality
products under tough market conditions and moves us one step closer
towards our goal of becoming a leader in the pre-production and
low volume production segments of the multi-billion dollar global
electronics manufacturing sector."
To read the entire news release and
Safe Harbor, click
here.
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TITAN
CERTIFICATIONS |
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Click on any of the three symbols
above to review the certifications that Titan has for its two
manufacturing facilities.
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CURRENT
TITAN FACILITIES |
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Titan PCB West, Inc.
Titan's new manufacturing plant is one of the industry's most
advanced facilities on the West Coast. Located in Fremont,
California, it offers 30,000 square feet under a single roof for
superior process flow and extremely efficient use of direct labor.
Phototool generation, image transfer and storage are all performed
in a single temperature and humidity controlled environment, class
10,000 clean room. Wet processes and chemistry are handled in
one wet process area. Product flow is streamlined and consistent,
enabling higher yields and improved delivery performance.
Titan’s world class facility was designed for time sensitive,
prototype through pre-production volumes. Capable of producing
2,500 manufacturing panels per week, Titan offers multiple
panel sizes, ranging from 16"x18" to 24"x30" order to facilitate
cost effective labor and material use.
Titan PCB East, Inc.
Titan PCB East, the newest acquisition of Titan General Holdings,
is a 62,000 square foot, two building campus located in Amesbury,
Massachusetts.
Building One is a 42,000 square foot manufacturing facility
that houses all Multilayer, Wet Process, and Engineering functions,
as well as a state-of-the-art Waste Treatment facility.
Building Two constructed in 1999, consists of 20,000 square
feet of ultra-modern manufacturing space. The manufacturing functions
of this facility include Dry Process, Final Inspection, and Quality
Assurance.
Titan PCB East’s product lines include quick-turn rigid boards
and HVRFlex boards for commercial and military applications. Our
advanced manufacturing techniques, stringent quality control,
and on-time dependability have made us a leading PCB supplier.
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SELECTED
FINANCIAL HIGHLIGHTS |
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Fiscal Year End: 06-30
Industry: Misc Electronic Technology
Transfer Agent: Interwest Transfer |
Recent Price: $1.20 (08/12/2003)
Authorized Shares: 04/22/2003 - 950,000,000
Outstanding Shares: 04/22/2003 - 14,278,757 |
HISTORICAL BUSINESS INFORMATION: Ventures-National
Incorporated, the Company's predecessor, was organized under
the laws of the State of Utah on March 1, 1985. Ventures-National
was formed as a public shell for the primary purpose of seeking
potential business enterprises, which in the opinion of management
would prove profitable. Ventures-National had no material
operations between 1990 and early 2000. On March 9, 2000, Ventures-National
elected a new Board of Directors and recommenced its development
stage. The Company had no material operations from such time until
its merger with Titan EMS, Inc., a Delaware corporation. Effective
as of June 28, 2002, Ventures-National entered into a letter of
intent pursuant to which Ventures-National would acquire
all of the outstanding capital stock of Titan EMS, Inc. in exchange
for a certain number of shares of Ventures-National's common stock,
par value $0.001 per share, on a share-for-share basis. In September
2002, the name of the company was changed to Titan General Holdings,
Inc., which also began trading under a new symbol. Concurrent
with the name change, Titan General Holdings, Inc. changed its
state of incorporation from Utah to Delaware.
For a current quote on TTGH, click
here.
To view the SEC filings for Ventures-National (dba Titan General
Holdings), click
here.
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TITAN
MANAGEMENT & LEADERSHIP |
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Bob
Ciri
Chairman
of the Board of Directors and Chief Executive Officer
Mr. Ciri has been a Director of the Company since March 3, 2003.
Since July, 1998, Mr. Ciri has been a partner in and is a co-founder
of a financial management consulting firm STAR Associates, LLC
where he focuses in various areas of high technology and health
care. Prior to this, from January, 1996 to May, 1998, Mr. Ciri
was associated with the Venture Fund of Washington where he took
various positions in affiliated companies including that of CEO
of ConexSys, Inc., an internet and data warehouse company and
President and COO of APACHE Medical Systems, Inc., a public healthcare
software and data mining corporation which he led to a successful
initial public stock offering. Previously, Mr. Ciri had been with
Hewlett-Packard Company for fifteen years until 1995 where he
served in various positions including North American Field Operations
Manager.
Andrew
Glashow
President
Mr. Glashow is a senior director and founding partner of Star
Associates, LLC, a financial management consulting firm and has
been a managing director of Star Associates, LLC since July 1998.
Mr. Glashow specializes in various areas of high technology, financial
services, and transition technology in the consumer products industry.
From 1996 to 1998, Mr. Glashow owned and operated a corporate
finance firm, Glashow Associates, specializing in the placement
of capital for small emerging growth companies. Andrew graduated
from the University of New Hampshire's Whitemore School of Business
and Economics with a B.A. in Economics.
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TO
CONTACT TITAN GENERAL HOLDINGS |
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Corporate Headquarters
44358 Old Warm Springs Blvd., Fremont, CA 94538
For additional information on the Company, please contact Bernadette
Cusack, Trilogy Capital Partners, bernadette@trilogy-capital.com.
Investors who are interested in learning more about TTGH are encouraged
to visit the company’s website at www.titanpcb.com.
The company’s site contains current information on the company,
its operations, management and board of directors.
The
DOW closed at 9333
today.
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