Titan Global: (OTC BB: TTGL) unterbewertet mögliche verdreifachung, gibts meinungen??? - 500 Beiträge pro Seite
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ISIN: US88829L1070 · WKN: A0HNR0
Werte aus der Branche Industrie/Mischkonzerne
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,7600 | +17,33 | |
| 15,200 | +10,14 | |
| 0,7650 | +9,68 | |
| 3,6600 | +8,93 | |
| 2,7500 | +8,06 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 10,090 | -2,13 | |
| 162,62 | -2,27 | |
| 3,4800 | -2,79 | |
| 11,040 | -2,99 | |
| 1,3900 | -3,47 |
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Hab ich gerade im OTC journal entdeckt:
I believe TTGL is the most undervalued of the bunch. That one could easily triple from here.
Schon jemand investiert???
I believe TTGL is the most undervalued of the bunch. That one could easily triple from here.
Schon jemand investiert???
Nee, lese mich aber auch gerade ein. Klingt sehr vielversprechend. obwohl die ja schon sehr gut gelaufen sind.
# Titan Global Holdings Inc. is the parent of a family of technology companies.
# Its mission is to create shareholder value through the successful integration of synergistic technology companies.
# Its vision is to deliver to individuals, businesses, and public agencies affordable but sophisticated technology products and solutions. It operates three wholly owned divisions.
Titan Global Holdings, Inc. operates three wholly owned divisions.
Its Oblio Telecom, Inc. division is engaged in the creation, marketing, and distribution of prepaid telephone products for the wire line and wireless markets and other related activities.
Titan PCB East, Inc. and Titan PCB West, Inc., collective Titan PCB, are printed circuit board manufacturers providing competitively priced time-sensitive, quality products to the commercial and military electronics markets, including the Department of Defense 31032 certification.
MK zur Zeit : 62 MUSD
Umsatz: 109 MSUD
EBITDA: 7,9 MUSD
Planen den Spin Off ihres printed circuit board businesses.
Hab mir den letzten Conference Call angehoert, sehr empfehlenswert!!!
Guck mir die nochmal genauer an und steige evtl. Montag ein.
# Titan Global Holdings Inc. is the parent of a family of technology companies.
# Its mission is to create shareholder value through the successful integration of synergistic technology companies.
# Its vision is to deliver to individuals, businesses, and public agencies affordable but sophisticated technology products and solutions. It operates three wholly owned divisions.
Titan Global Holdings, Inc. operates three wholly owned divisions.
Its Oblio Telecom, Inc. division is engaged in the creation, marketing, and distribution of prepaid telephone products for the wire line and wireless markets and other related activities.
Titan PCB East, Inc. and Titan PCB West, Inc., collective Titan PCB, are printed circuit board manufacturers providing competitively priced time-sensitive, quality products to the commercial and military electronics markets, including the Department of Defense 31032 certification.
MK zur Zeit : 62 MUSD
Umsatz: 109 MSUD
EBITDA: 7,9 MUSD
Planen den Spin Off ihres printed circuit board businesses.
Hab mir den letzten Conference Call angehoert, sehr empfehlenswert!!!
Guck mir die nochmal genauer an und steige evtl. Montag ein.
Antwort auf Beitrag Nr.: 27.601.213 von HHtrader am 11.02.07 02:53:12hi, kannst du mal kurz den conference call zusammenfassen. Werde sie mir auch nächste woche anschauen, momentan nur kaum handel in D.
Schönes We
Schönes We
Antwort auf Beitrag Nr.: 27.611.413 von okieh66 am 11.02.07 12:03:04Es wird ein Umsatz von 145 MUSD und ein EBITDA von 18,5 MUSD fuer 2007 prognostiziert.
Das sind beim Gewinn immerhin +134 %!!!
Der Spin Off der PCB Division soll in Q3 2007 abgeschlossen werden. Wenn du dir deren Homepage ansiehst, empfehle ich insbesonders die European Road Show Presentation, sehr informativ und gibt einen guten Ueberblick ueber die Firma... http://www.titanglobalholdings.com/investorrelations.html
Findest du unter investor resources.
Zwei Dinge, bei denen ich mir nicht sicher bin, ob sie mir gefallen:
1. Den Grossteil ihres Geschaeftes machen sie mit Prepaid Karten fuer Handy oder Festnetz. Ob es sich hierbei wirklich um ein zukunftstraechtiges Feld handelt, wage ich doch zu bezweifeln (Skype, VoIP allgemein)
2. Die Gewinngroesse EBITDA laesst Abschreibungen und Amortisierung aussen vor. Ist vielleicht eine gute Kennzahl, um zu zeigen, wieviel Cash die Firma generiert, aber den echten operativen Profit (EBIT) kann man hierdurch nur erahnen.
Bin heute noch nicht eingestiegen, will erst noch mal ein wenig nachforschen....Ansonsten aber wohl in den USA kaufen...
Das sind beim Gewinn immerhin +134 %!!!
Der Spin Off der PCB Division soll in Q3 2007 abgeschlossen werden. Wenn du dir deren Homepage ansiehst, empfehle ich insbesonders die European Road Show Presentation, sehr informativ und gibt einen guten Ueberblick ueber die Firma... http://www.titanglobalholdings.com/investorrelations.html
Findest du unter investor resources.
Zwei Dinge, bei denen ich mir nicht sicher bin, ob sie mir gefallen:
1. Den Grossteil ihres Geschaeftes machen sie mit Prepaid Karten fuer Handy oder Festnetz. Ob es sich hierbei wirklich um ein zukunftstraechtiges Feld handelt, wage ich doch zu bezweifeln (Skype, VoIP allgemein)
2. Die Gewinngroesse EBITDA laesst Abschreibungen und Amortisierung aussen vor. Ist vielleicht eine gute Kennzahl, um zu zeigen, wieviel Cash die Firma generiert, aber den echten operativen Profit (EBIT) kann man hierdurch nur erahnen.
Bin heute noch nicht eingestiegen, will erst noch mal ein wenig nachforschen....Ansonsten aber wohl in den USA kaufen...
Antwort auf Beitrag Nr.: 27.661.039 von HHtrader am 12.02.07 15:31:17hi, hab mich auch mal umgeschaut, was ich gut finde das sie mehrere geschäftsfelder besitzen, und dort auch profitabel sind. Mit den telefonkarten, scheint es gut zu laufen, kann es mir so vorstellen das die nachfrage durch die vielen Völkergruppen, anhand der vielen Ländertypischen untergliederung, kommt. Mit den leiterplatten in hinblick auf das militär, scheint man erst am anfang zu stehen. Man wächst durch firmenübernahmen, wenn ich es recht verstehe. Dadurch ist für fantasie gesorgt. Positiv sind auch die aktivitäten/Roadschow, in europa zu deuten.
Homepage und investorbereich sind auch gut zu überblicken. Warte auch ersteimal ab, planet läuft ganz gut. Werde auf standby gehen.
Cu
Homepage und investorbereich sind auch gut zu überblicken. Warte auch ersteimal ab, planet läuft ganz gut. Werde auf standby gehen.
Cu
Trading Spotlight
so wie es aussieht kaufen die insider weiter kraefitg nach
Titan Global Provides Stock Ownership Update as Management, Directors and Strategic Investors Continue to Increase Ownership
Key Shareholders Now Control Approximately 75% of Common Stock
DALLAS--(BUSINESS WIRE)--
Titan Global Holdings, Inc. ("Titan") (OTCBB: TTGL) announced that the management, directors, and strategic investors of Titan owned or controlled 74.83% of the common stock issued and outstanding shares. Including the exercise of all options and warrants outstanding, these key investors would own or control 73.12% of shares on a fully-diluted basis.
"Titan's management, directors, and strategic investors continue to view our current share price as a compelling value proposition," said David Marks, Chairman of Titan Global Holdings. "Therefore, from time to time, these parties have and may make additional open market purchases consistent with SEC rules."
As of today, Titan has 49,129,052 shares of common stock outstanding and 65,351,302 shares outstanding on a fully-diluted basis. The fully-diluted share count assumes all stock options and warrants are exercised and all convertible debt in the amount of $5.75 million is converted into common stock. If all warrants were exercised in cash, Titan would receive proceeds of $6.73 million.
As of January 31, 2007, Titan had in excess of 2,000 shareholders. On February 16, 2007 Titan's stock closed at $1.17 per share.
"In a recent review of our shareholders, I was pleased to find that a number of our shareholders have remained vested nearly as long as our investment group," said Mr. Marks. "We are also pleased by the number of new Titan shareholders. Management believes Titan is now poised to create additional shareholder value through its operating subsidiaries. Last Friday we announced our acquisition of Ready Mobile, a Sprint MVNO. We are actively exploring additional strategic combinations and structures, and the acquisition of new business units that represent a compelling value proposition for all of Titan's shareholders."
The Company also provided information today with respect to Mr. Marks' compensation from Titan. The Company noted that Mr. Marks receives no compensation from Titan for his services other than customary reimbursement for his travel, lodging, and out of pocket expenses related to Titan's business and $12,000 per year as a Director. In connection with his membership on Titan's Board, Mr. Marks was previously granted individual options to purchase 100,000 shares of Titan's common stock for $0.58 per share for the first 50,000 shares and $0.79 per share for the second 50,000 shares.
The Company also noted today that Frank Crivello, a strategic investor of Titan and a member of Farwell Equity Partners, individually owns 2,525,343 shares of Titan's common stock, which represents 5.14% of the shares outstanding.
Mr. Crivello intends to make additional open market purchases of Titan's shares outstanding. Mr. Crivello's immediate family members owned an additional 168,000 shares of Titan's common stock, which represents 0.34% of the shares outstanding. Mr. Crivello's immediate family members may make additional open market purchases of Titan in each member's individual capacity.
Mr. Crivello provides consulting services to Titan with respect to its strategic and financing opportunities without compensation other than customary reimbursement for his travel, lodging, and out of pocket expenses related to Titan's business. Mr. Crivello has never been an officer or director of Titan.
"Consistent with our previously announced policy, in addition to any share ownership disclosure that is legally required by the Securities and Exchange Commission, as done here, Titan will announce from time to time the aggregate ownership of its key Management, Directors and Strategic Investors in an effort to provide complete transparency to all stockholders," said Bryan Chance, Chief Executive Officer and President of Titan Global Holdings.
Titan Global Provides Stock Ownership Update as Management, Directors and Strategic Investors Continue to Increase Ownership
Key Shareholders Now Control Approximately 75% of Common Stock
DALLAS--(BUSINESS WIRE)--
Titan Global Holdings, Inc. ("Titan") (OTCBB: TTGL) announced that the management, directors, and strategic investors of Titan owned or controlled 74.83% of the common stock issued and outstanding shares. Including the exercise of all options and warrants outstanding, these key investors would own or control 73.12% of shares on a fully-diluted basis.
"Titan's management, directors, and strategic investors continue to view our current share price as a compelling value proposition," said David Marks, Chairman of Titan Global Holdings. "Therefore, from time to time, these parties have and may make additional open market purchases consistent with SEC rules."
As of today, Titan has 49,129,052 shares of common stock outstanding and 65,351,302 shares outstanding on a fully-diluted basis. The fully-diluted share count assumes all stock options and warrants are exercised and all convertible debt in the amount of $5.75 million is converted into common stock. If all warrants were exercised in cash, Titan would receive proceeds of $6.73 million.
As of January 31, 2007, Titan had in excess of 2,000 shareholders. On February 16, 2007 Titan's stock closed at $1.17 per share.
"In a recent review of our shareholders, I was pleased to find that a number of our shareholders have remained vested nearly as long as our investment group," said Mr. Marks. "We are also pleased by the number of new Titan shareholders. Management believes Titan is now poised to create additional shareholder value through its operating subsidiaries. Last Friday we announced our acquisition of Ready Mobile, a Sprint MVNO. We are actively exploring additional strategic combinations and structures, and the acquisition of new business units that represent a compelling value proposition for all of Titan's shareholders."
The Company also provided information today with respect to Mr. Marks' compensation from Titan. The Company noted that Mr. Marks receives no compensation from Titan for his services other than customary reimbursement for his travel, lodging, and out of pocket expenses related to Titan's business and $12,000 per year as a Director. In connection with his membership on Titan's Board, Mr. Marks was previously granted individual options to purchase 100,000 shares of Titan's common stock for $0.58 per share for the first 50,000 shares and $0.79 per share for the second 50,000 shares.
The Company also noted today that Frank Crivello, a strategic investor of Titan and a member of Farwell Equity Partners, individually owns 2,525,343 shares of Titan's common stock, which represents 5.14% of the shares outstanding.
Mr. Crivello intends to make additional open market purchases of Titan's shares outstanding. Mr. Crivello's immediate family members owned an additional 168,000 shares of Titan's common stock, which represents 0.34% of the shares outstanding. Mr. Crivello's immediate family members may make additional open market purchases of Titan in each member's individual capacity.
Mr. Crivello provides consulting services to Titan with respect to its strategic and financing opportunities without compensation other than customary reimbursement for his travel, lodging, and out of pocket expenses related to Titan's business. Mr. Crivello has never been an officer or director of Titan.
"Consistent with our previously announced policy, in addition to any share ownership disclosure that is legally required by the Securities and Exchange Commission, as done here, Titan will announce from time to time the aggregate ownership of its key Management, Directors and Strategic Investors in an effort to provide complete transparency to all stockholders," said Bryan Chance, Chief Executive Officer and President of Titan Global Holdings.
So, ich bin hier jetzt zu 1,30 USD am Start.
Ich denke, hier koennten wir in der Zukunft deutlich hoehere Kurse sehen. Die Insider kaufen selber noch nach, obwohl sie bereits um die 75% besitzen.
Hier noch der neueste (positive) Kommentar vom OTC Journal:
Titan Global decided to update investors on its outlook for fiscal '07 on Friday after the close. If these guys deliver the goods as promised, it is highly unlikely this stock will stay in its current range. Unlike CPNE, EFSF, NIHK, and PNWIF, this one has yet to make a multi digit move- it has only appreciated from $.85 to $1.30 (53%) since I started covering it in the Fall.
For this one to be a multi digit (4 or 5 bagger) win, the company has to accomplish two primary things. 1.- They have to pay down their debt, and 2. They have to increase the hand set subscribers through acquisitions and conversion from their 35 million long distance calling cards. Delivering EPS would help as well.
TTGL has the lowest sales to market cap ratio of any company the OTC Journal currently follows, and it is already and institutional quality idea. After all, it is only trading at a $71.5 million market valuation. According to Friday's news release, TTGL now believes it can deliver $145 to $172 million in revenues in fiscal '07. It now also believes it could deliver up to $22 million in EBITDA profits. If they don't have to pay too much interest on their debt, that $22 million could translate to $.30 per share in earnings. If so, watch out above. $.30 EPS is at least where CPNE should end up, and look what happened to that stock when the institutions finally caught on.
They have ratcheted up their numbers. They have no toxic financing in place. There is a limit supply of stock. When institutions discover this one, it could run like CPNE.
Technically, the stock sure looks like it wants to break the $1.40 resistance barrier. As you can see from the chart, the stock has bumped up against that $1.40 level twice, only to pull back into the $1.25 to $1.30 range each time.
Third time could be the charm, and it could be as early as Monday. After all, the numbers the company released post close on Friday are very compelling. They just need to prove out and be put in front of the right fund managers. Take the risk now, and sell them your stock when they can't get enough.
Es kann also recht schnell deutlich nach oben gehen. TTGL war auch eine der wenigen Aktien, die gestern an diesem grottenschlechten Tag nicht abgestuerzt sind. Intraday kurz runtergegangen und dann auf Vortageskurs geschlossen.
Sonst noch jemand dabei??
HH
Ich denke, hier koennten wir in der Zukunft deutlich hoehere Kurse sehen. Die Insider kaufen selber noch nach, obwohl sie bereits um die 75% besitzen.
Hier noch der neueste (positive) Kommentar vom OTC Journal:
Titan Global decided to update investors on its outlook for fiscal '07 on Friday after the close. If these guys deliver the goods as promised, it is highly unlikely this stock will stay in its current range. Unlike CPNE, EFSF, NIHK, and PNWIF, this one has yet to make a multi digit move- it has only appreciated from $.85 to $1.30 (53%) since I started covering it in the Fall.
For this one to be a multi digit (4 or 5 bagger) win, the company has to accomplish two primary things. 1.- They have to pay down their debt, and 2. They have to increase the hand set subscribers through acquisitions and conversion from their 35 million long distance calling cards. Delivering EPS would help as well.
TTGL has the lowest sales to market cap ratio of any company the OTC Journal currently follows, and it is already and institutional quality idea. After all, it is only trading at a $71.5 million market valuation. According to Friday's news release, TTGL now believes it can deliver $145 to $172 million in revenues in fiscal '07. It now also believes it could deliver up to $22 million in EBITDA profits. If they don't have to pay too much interest on their debt, that $22 million could translate to $.30 per share in earnings. If so, watch out above. $.30 EPS is at least where CPNE should end up, and look what happened to that stock when the institutions finally caught on.
They have ratcheted up their numbers. They have no toxic financing in place. There is a limit supply of stock. When institutions discover this one, it could run like CPNE.
Technically, the stock sure looks like it wants to break the $1.40 resistance barrier. As you can see from the chart, the stock has bumped up against that $1.40 level twice, only to pull back into the $1.25 to $1.30 range each time.
Third time could be the charm, and it could be as early as Monday. After all, the numbers the company released post close on Friday are very compelling. They just need to prove out and be put in front of the right fund managers. Take the risk now, and sell them your stock when they can't get enough.
Es kann also recht schnell deutlich nach oben gehen. TTGL war auch eine der wenigen Aktien, die gestern an diesem grottenschlechten Tag nicht abgestuerzt sind. Intraday kurz runtergegangen und dann auf Vortageskurs geschlossen.
Sonst noch jemand dabei??
HH
So, jetzt scheint der Wert auch in Deutschland bekannter zu werden. Hot Stocks Investor hat TTGL gerade ins Musterdepot aufgenommen mit einem (ersten!) KZ von 4 USD
Die Verantwortlichen für das Musterdepot des Hot Stocks Investor haben aktuell 16.500 Titel von Titan Global Holding (WKN A0HNR0) für je 96 Euro-Cent aufgenommen, den Stop-Loss bei 85 Cent gesetzt und das erste Kursziel mit vier US-Dollar angegeben. Die Kursrallye soll also andauern. Hinter der Holding stecken mehrere Töchterfirmen, die zum einen Telekom-Pre-Paid-Produkte verkaufen und zum anderen Platinen und Leierplatten für verschiedene Branchenzweige herstellen. Am 31. August endet das Geschäftsjahr 2006/2007. Im ersten Geschäftsjahresquartal stieg der Umsatz im Jahresvergleich um 8,3 Prozent auf 29,9 Millionen US-Dollar und das EBITDA um 49,9 Prozent auf 1,22 Millionen Dollar. Für das Gesamtjahr erwartet der Vorstand Erlöse von 145 bis 172 Millionen Dollar und ein EBITDA bis 22 Millionen Dollar. Wenn sich die Zinsbelastung in Grenzen hält könnten daraus ein Gewinn je Aktie von 30 US-Cent werden, was bei einem aktuellen Kurs von gut 1,30 Dollar einem KGV von gut 4 entsprechen würde. Management und institutionelle Anleger würden zudem derzeit 60 Prozent am Unternehmen halten.
Der Wert hat sich auch in den Turbulenzen der letzten Tage sehr gut gehalten und ist nur einmal intraday unter 1,30 USD gefallen, wobei dann sofort wieder Kaeufe eingesetzt haben, die den Kurs dann wieder ueber die 1,30 gezogen haben.
Moechte gar nicht wissen, was passiert, wenn sich die Maerkte wieder beruhigen.
HH
Die Verantwortlichen für das Musterdepot des Hot Stocks Investor haben aktuell 16.500 Titel von Titan Global Holding (WKN A0HNR0) für je 96 Euro-Cent aufgenommen, den Stop-Loss bei 85 Cent gesetzt und das erste Kursziel mit vier US-Dollar angegeben. Die Kursrallye soll also andauern. Hinter der Holding stecken mehrere Töchterfirmen, die zum einen Telekom-Pre-Paid-Produkte verkaufen und zum anderen Platinen und Leierplatten für verschiedene Branchenzweige herstellen. Am 31. August endet das Geschäftsjahr 2006/2007. Im ersten Geschäftsjahresquartal stieg der Umsatz im Jahresvergleich um 8,3 Prozent auf 29,9 Millionen US-Dollar und das EBITDA um 49,9 Prozent auf 1,22 Millionen Dollar. Für das Gesamtjahr erwartet der Vorstand Erlöse von 145 bis 172 Millionen Dollar und ein EBITDA bis 22 Millionen Dollar. Wenn sich die Zinsbelastung in Grenzen hält könnten daraus ein Gewinn je Aktie von 30 US-Cent werden, was bei einem aktuellen Kurs von gut 1,30 Dollar einem KGV von gut 4 entsprechen würde. Management und institutionelle Anleger würden zudem derzeit 60 Prozent am Unternehmen halten.
Der Wert hat sich auch in den Turbulenzen der letzten Tage sehr gut gehalten und ist nur einmal intraday unter 1,30 USD gefallen, wobei dann sofort wieder Kaeufe eingesetzt haben, die den Kurs dann wieder ueber die 1,30 gezogen haben.
Moechte gar nicht wissen, was passiert, wenn sich die Maerkte wieder beruhigen.
HH
Und nun geht's ab, heute schoen auf 1,40 USD gestiegen. Diese Huerde muss jetzt noch nachhaltig ueberwunden werden, dann ist die Luft nach oben frei!
Hierzu auch wieder ein aktueller Kommentar vom OTC Journal:
The last week has been difficult for small stocks as the correction was violent and swift. Now, everyone is panting in the aftermath, wondering if this is indeed a correction in an ongoing bull market- and therefore a buying opportunity- or the beginning of a bear market.
Those who read last weekend’s edition know I am fully in the Bull Camp.
I don’t know why, or if there is any particular reason- but TTGL is enjoying a little stealth rally today.
It’s not so much that the stock is up on reasonably light volume- it’s more about the technical barrier the stock has broken that makes today significant.
Here’s the chart:
I have been writing about the $1.40 ceiling on this stock. It has now butted up against this level three times in 2007, but could never make it above.
Today, the stock has finally pierced the $1.40 line, and is now trading at a new multi year high and a new post OTC Journal coverage all time high.
I would like to see the stock close above the $1.40 mark today to really seal the deal. So- what does this mean to the stock?
It doesn’t mean the stock will never trade below the $1.40 mark again. It simply means the stock should trade through that previous resistance level quite easily next time it surges on volume.
This is a very good sign technically. I am encouraged now that we could see much higher levels once we do get a sustainable rally. This could be a precusor to the stock trading into the $1.80 to $2 range.
Und ich bin scheinbar immer noch alleine...Na ja, ihr koennt dann bei 2 USD einsteigen
HH
Hierzu auch wieder ein aktueller Kommentar vom OTC Journal:
The last week has been difficult for small stocks as the correction was violent and swift. Now, everyone is panting in the aftermath, wondering if this is indeed a correction in an ongoing bull market- and therefore a buying opportunity- or the beginning of a bear market.
Those who read last weekend’s edition know I am fully in the Bull Camp.
I don’t know why, or if there is any particular reason- but TTGL is enjoying a little stealth rally today.
It’s not so much that the stock is up on reasonably light volume- it’s more about the technical barrier the stock has broken that makes today significant.
Here’s the chart:
I have been writing about the $1.40 ceiling on this stock. It has now butted up against this level three times in 2007, but could never make it above.
Today, the stock has finally pierced the $1.40 line, and is now trading at a new multi year high and a new post OTC Journal coverage all time high.
I would like to see the stock close above the $1.40 mark today to really seal the deal. So- what does this mean to the stock?
It doesn’t mean the stock will never trade below the $1.40 mark again. It simply means the stock should trade through that previous resistance level quite easily next time it surges on volume.
This is a very good sign technically. I am encouraged now that we could see much higher levels once we do get a sustainable rally. This could be a precusor to the stock trading into the $1.80 to $2 range.
Und ich bin scheinbar immer noch alleine...Na ja, ihr koennt dann bei 2 USD einsteigen
HH
Mist, hat mit dem Chart nicht geklappt, also nochmal...
h
HH
h
HH
Irgendwann lerne ich es noch...
Habe mich gestern bei 1,30 eingedeckt. Viel Spass noch...muss los!
Herzlich willkommen. Dann muss ich zumindest keine Monologe mehr fuehren 
HH
HH
So, schaut heute ja auch wieder sehr gut aus. Der Ausbruch duerfte gelungen sein, liegen stabil zwischen 1,47 - 1,50 USD. Auf geht's!!!
HH
HH
WebAlert: Titan Global CEO to Present at Influential Arch Investment Conference Today in New York City
Wednesday March 21, 3:30 am ET
CEO to Detail High-Growth Business Model, Strategic Milestone Achievements, Recent PCB Spin Off and Recently Updated Guidance Report
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, has announced that Bryan Chance, Chief Executive Officer, will be a featured presenter at the influential Arch Investment Conference in New York City at the St. Regis Hotel, today between 9:15 a.m. and 10:30 a.m. EDT, with a simultaneous Webcast.
http://biz.yahoo.com/bw/070321/20070321005214.html?.v=1
Wednesday March 21, 3:30 am ET
CEO to Detail High-Growth Business Model, Strategic Milestone Achievements, Recent PCB Spin Off and Recently Updated Guidance Report
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, has announced that Bryan Chance, Chief Executive Officer, will be a featured presenter at the influential Arch Investment Conference in New York City at the St. Regis Hotel, today between 9:15 a.m. and 10:30 a.m. EDT, with a simultaneous Webcast.
http://biz.yahoo.com/bw/070321/20070321005214.html?.v=1
So, hier die news...
Titan Global Announces Preliminary Q2 2007 Revenue Results of $36 Million
RICHARDSON, Texas--(BUSINESS WIRE)----Titan Global Holdings, Inc. (OTCBB: TTGL) , a high-growth diversified holding company, has announced preliminary revenue results of $36 million for fiscal Q2 2007, representing a 20% quarter-over-quarter gain over fiscal Q1 2007. The projected revenue increases are led by the Company's Communications Division, which is expected to generate approximately $31 million in revenues, a significant 25% increase, or $6 million gain over Q1 2007. Full fiscal results will be filed by the Management on the scheduled filing date.
The continued growth in the current fiscal year further validates the Company's high-growth business model of convergent subsidiaries that capitalize on the worldwide demand for new communications and connectivity services and products.
Based on the Company's anticipated record Q2 performance, senior management has also provided additional comfort to investors regarding its forecasted fiscal year 2007 consolidated revenues of approximately $145 million. The reaffirmation of prior guidance reflects Titan's continued expansion of market share in the prepaid communications market.
"Titan's phenomenal growth is a reflection of the Company's forethought and careful analysis of some of the fastest-growing communications markets," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "We believe that the momentum we built over the past year has put us in an even stronger position to further increase market share in our high-growth market segments. We will continue to demonstrate that we are committed to increasing shareholder value each quarter."
The projected quarter-over-quarter gains were led by Titan's Communications Division, which accounts for approximately 80% of Titan's total revenues. Titan is the second largest publicly-owned company focused on the international prepaid telecommunications space. Oblio Telecom, a wholly-owned subsidiary of Titan Global Holdings, distributes international prepaid telecommunications products to more than 60,000 independent retailers throughout the United States.
Management's financial and growth forecasts follow Titan's previously released SEC Form 10-Q/SB for Q1 2007, in which the Company reported consolidated revenues of approximately $30 million, representing a $2.3 million gain over the same period the previous year.
During the first two quarters of fiscal year 2007, Titan refinanced its senior credit facilities, profitably grew revenue and strengthened market position. Additionally, the Company announced the spin out of its Printed Circuit Board Division in order to capitalize on unique growth opportunities and increase shareholder value.
Mal sehen, wie der Markt morgen drauf reagiert. Auf den ersten Blick kann ich keine Ueberraschung sehen - weder positiv noch negativ -.
HH
Titan Global Announces Preliminary Q2 2007 Revenue Results of $36 Million
RICHARDSON, Texas--(BUSINESS WIRE)----Titan Global Holdings, Inc. (OTCBB: TTGL) , a high-growth diversified holding company, has announced preliminary revenue results of $36 million for fiscal Q2 2007, representing a 20% quarter-over-quarter gain over fiscal Q1 2007. The projected revenue increases are led by the Company's Communications Division, which is expected to generate approximately $31 million in revenues, a significant 25% increase, or $6 million gain over Q1 2007. Full fiscal results will be filed by the Management on the scheduled filing date.
The continued growth in the current fiscal year further validates the Company's high-growth business model of convergent subsidiaries that capitalize on the worldwide demand for new communications and connectivity services and products.
Based on the Company's anticipated record Q2 performance, senior management has also provided additional comfort to investors regarding its forecasted fiscal year 2007 consolidated revenues of approximately $145 million. The reaffirmation of prior guidance reflects Titan's continued expansion of market share in the prepaid communications market.
"Titan's phenomenal growth is a reflection of the Company's forethought and careful analysis of some of the fastest-growing communications markets," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "We believe that the momentum we built over the past year has put us in an even stronger position to further increase market share in our high-growth market segments. We will continue to demonstrate that we are committed to increasing shareholder value each quarter."
The projected quarter-over-quarter gains were led by Titan's Communications Division, which accounts for approximately 80% of Titan's total revenues. Titan is the second largest publicly-owned company focused on the international prepaid telecommunications space. Oblio Telecom, a wholly-owned subsidiary of Titan Global Holdings, distributes international prepaid telecommunications products to more than 60,000 independent retailers throughout the United States.
Management's financial and growth forecasts follow Titan's previously released SEC Form 10-Q/SB for Q1 2007, in which the Company reported consolidated revenues of approximately $30 million, representing a $2.3 million gain over the same period the previous year.
During the first two quarters of fiscal year 2007, Titan refinanced its senior credit facilities, profitably grew revenue and strengthened market position. Additionally, the Company announced the spin out of its Printed Circuit Board Division in order to capitalize on unique growth opportunities and increase shareholder value.
Mal sehen, wie der Markt morgen drauf reagiert. Auf den ersten Blick kann ich keine Ueberraschung sehen - weder positiv noch negativ -.
HH
Antwort auf Beitrag Nr.: 28.441.952 von HHtrader am 22.03.07 21:42:20So, die news sind sehr gut aufgenommen und wir stehen wieder bei 1,29 USD.
Sind diese Woche unter sehr geringem Volumen auf das 61.8% Retracement zurueckgekommen und geht es bei hohem Volumen wieder nach oben.
Das sieht doch fuer die naechste Zeit sehr gut aus. Jetzt muessen sie nur noch die Profitabilitaet erreicht haben, dann sehen wir hier noch ganz andere Kurse....
HH
Sind diese Woche unter sehr geringem Volumen auf das 61.8% Retracement zurueckgekommen und geht es bei hohem Volumen wieder nach oben.
Das sieht doch fuer die naechste Zeit sehr gut aus. Jetzt muessen sie nur noch die Profitabilitaet erreicht haben, dann sehen wir hier noch ganz andere Kurse....
HH
Und wieder News...Titan macht seinem Namen nun alle Ehre, es geht ab nach Asien!
Ich wuerde aber lieber erstmal Profit sehen...
HH
Titan Global Announces Agreement to Expand Global Telecommunications Assets in Fast-Growing Asian Markets
RICHARDSON, Texas--(BUSINESS WIRE)----Titan Global Holdings, Inc. (OTCBB: TTGL) , a high-growth diversified holding company, announced today that the Company's leading subsidiary, Titan Communications, consummated a definitive letter of intent with Prism Systems International Ltd., ("Prism") a Hong Kong based facility based telecom company (the "Joint Venture").
The Joint Venture is consistent with Titan's stated strategic plan to opportunistically acquire or lease global telecommunication assets. Titan has and will continue to target and pursue other telecommunication assets throughout 2007 with similarly structured agreements.
"We are very excited about our possible Joint Venture with Prism Systems International," said Kurt Jensen, President and Chief Executive Officer of Titan's Communications Division. "Prism's presence in Asia will strengthen our international footprint. Furthermore, we expect to achieve additional synergies and cost savings by leveraging Prism's telecom agreements and network."
Under the definitive letter of intent, Titan was granted an exclusive option for a period of 60 days to enter into an agreement pursuant to which Titan will manage Prism's telecom facility and pay Prism $.001US for each minute of traffic successfully terminated to intended destinations routed through Prism's Hong Kong POP site. The term of the eventual agreement would be for one year with Titan's option to renew the term for three additional terms of three years each on the identical terms.
Prism was formed in Hong Kong in 2000 after the deregulation of Hong Kong's telecommunications industry. It is owned by ACE Enterprises, Ltd, Shanghai Commercial and Saving Bank, Century City, Clarent Corporation and other strategic investors. Prism's telecommunications 'footprint' is designed principally to terminate traffic throughout China and other Asian countries.
"We look forward to consummating the definitive agreement which will allow us to intensify our due diligence and finalize the transaction in May, 2007," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "We believe that creating a presence in fast-growing Asian markets will ultimately benefit our shareholders as we continue to build value by increasing margins on existing international routes and gaining access to new, efficient international routes."
Ich wuerde aber lieber erstmal Profit sehen...
HH
Titan Global Announces Agreement to Expand Global Telecommunications Assets in Fast-Growing Asian Markets
RICHARDSON, Texas--(BUSINESS WIRE)----Titan Global Holdings, Inc. (OTCBB: TTGL) , a high-growth diversified holding company, announced today that the Company's leading subsidiary, Titan Communications, consummated a definitive letter of intent with Prism Systems International Ltd., ("Prism") a Hong Kong based facility based telecom company (the "Joint Venture").
The Joint Venture is consistent with Titan's stated strategic plan to opportunistically acquire or lease global telecommunication assets. Titan has and will continue to target and pursue other telecommunication assets throughout 2007 with similarly structured agreements.
"We are very excited about our possible Joint Venture with Prism Systems International," said Kurt Jensen, President and Chief Executive Officer of Titan's Communications Division. "Prism's presence in Asia will strengthen our international footprint. Furthermore, we expect to achieve additional synergies and cost savings by leveraging Prism's telecom agreements and network."
Under the definitive letter of intent, Titan was granted an exclusive option for a period of 60 days to enter into an agreement pursuant to which Titan will manage Prism's telecom facility and pay Prism $.001US for each minute of traffic successfully terminated to intended destinations routed through Prism's Hong Kong POP site. The term of the eventual agreement would be for one year with Titan's option to renew the term for three additional terms of three years each on the identical terms.
Prism was formed in Hong Kong in 2000 after the deregulation of Hong Kong's telecommunications industry. It is owned by ACE Enterprises, Ltd, Shanghai Commercial and Saving Bank, Century City, Clarent Corporation and other strategic investors. Prism's telecommunications 'footprint' is designed principally to terminate traffic throughout China and other Asian countries.
"We look forward to consummating the definitive agreement which will allow us to intensify our due diligence and finalize the transaction in May, 2007," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "We believe that creating a presence in fast-growing Asian markets will ultimately benefit our shareholders as we continue to build value by increasing margins on existing international routes and gaining access to new, efficient international routes."
Antwort auf Beitrag Nr.: 28.597.712 von HHtrader am 31.03.07 00:24:19Heute wurden die Zahlen fuer Q2 2007 veroeffentlicht. Hier ein Auszug der wichtigsten Zahlen:
Titan Global Holdings, Inc (OTCBB:TTGL), a high-growth diversified holding company, reported record financial results for its fiscal quarter ended February 28, 2007, highlighted by the Company's record growth in revenues to $36 million, a 38% increase over the $26 million for the comparable period the previous year, with net operating income of $1.5 million, or $.03 earnings per share. The Company also reported $8.6 million in earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter, with all business segments reporting continued strong revenue growth.
During the second fiscal quarter of 2007, Titan continued efforts to organically grow revenues, surging 20% above the first quarter of 2007. The Company also completed refinancing which, in part, eliminated most convertible debentures, enabling the Company to repurchase retire certain stock and more favorably structure working capital needs. These efforts coupled with continued positive financial performance reduced Titan's working capital deficit from $35.8 million at the close of the first quarter of 2007 to less than $9 million at the close of this fiscal quarter.
"Strategically, the quarter's highlights were the continued growth and positioning of our Communications Division and the announced plans to spin-off Titan's printed circuit business," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "The spin-off allows Titan to accelerate strategic transaction flow at all divisions which will significantly build overall shareholder value."
Auf den ersten Blick sind die Zahlen grossartig, das erste Mal positives Net Income und positives EBITDA (Marge: 23,9%). Unglaublich, damit sind die Prognosen wohl mehr als konservativ.
Schaue mir die Zahlen spaeter genauer an, aber bei diesen Zahlen sollte ein sehr, sehr gruener Tag morgen anstehen!!!!
HH
Titan Global Holdings, Inc (OTCBB:TTGL), a high-growth diversified holding company, reported record financial results for its fiscal quarter ended February 28, 2007, highlighted by the Company's record growth in revenues to $36 million, a 38% increase over the $26 million for the comparable period the previous year, with net operating income of $1.5 million, or $.03 earnings per share. The Company also reported $8.6 million
in earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter, with all business segments reporting continued strong revenue growth.During the second fiscal quarter of 2007, Titan continued efforts to organically grow revenues, surging 20% above the first quarter of 2007. The Company also completed refinancing which, in part, eliminated most convertible debentures, enabling the Company to repurchase retire certain stock and more favorably structure working capital needs. These efforts coupled with continued positive financial performance reduced Titan's working capital deficit from $35.8 million at the close of the first quarter of 2007 to less than $9 million at the close of this fiscal quarter.
"Strategically, the quarter's highlights were the continued growth and positioning of our Communications Division and the announced plans to spin-off Titan's printed circuit business," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "The spin-off allows Titan to accelerate strategic transaction flow at all divisions which will significantly build overall shareholder value."
Auf den ersten Blick sind die Zahlen grossartig, das erste Mal positives Net Income und positives EBITDA (Marge: 23,9%
). Unglaublich, damit sind die Prognosen wohl mehr als konservativ. Schaue mir die Zahlen spaeter genauer an, aber bei diesen Zahlen sollte ein sehr, sehr gruener Tag morgen anstehen!!!!
HH
So, habe mir die Zahlen etwas naeher angesehen, sieht wirklich klasse aus - sowohl was die erreichte Profitabilitaet angeht als auch das stark steigende Umsatzwachstum (+20% vs. <10% im Q1). Wenn das so weiter geht, bekommen wir hier noch Aktienkurse zu sehen, von denen ich heute noch nicht mal traeume
Zum KGV moechte ich noch nichts sagen, da es in diesem Q wohl hohe Einmalertraege gegeben hat. Habe diesbzgl. TTGL angeschrieben und sobald ich den Wert habe, koennen wir uns das operative Ergebnis einmal ansehen.
Zum Thema Einmalertraege: Es wurde ja vor kurzem gemeldet, dass TTGL 3,5 MUSD von gezahlten USF fees zurueck bekommen hat. Hier steht noch ein wesentlich hoeherer Betrag im Raum und zwar in Hoehe von 62 MUSD. Nur mal zum Vergleich: Aktuelle MK: ca. 50 MUSD
Tja, ich glaube, wir werden hier noch sehr viel Spass haben!!!!! Und morgen geht's los!!
PS: Wuerde mich ueber andere Meinungen und Analysen sehr freuen, ist auf Dauer doch etwas langweilig so alleine...
HH
Zum KGV moechte ich noch nichts sagen, da es in diesem Q wohl hohe Einmalertraege gegeben hat. Habe diesbzgl. TTGL angeschrieben und sobald ich den Wert habe, koennen wir uns das operative Ergebnis einmal ansehen.
Zum Thema Einmalertraege: Es wurde ja vor kurzem gemeldet, dass TTGL 3,5 MUSD von gezahlten USF fees zurueck bekommen hat. Hier steht noch ein wesentlich hoeherer Betrag im Raum und zwar in Hoehe von 62 MUSD
. Nur mal zum Vergleich: Aktuelle MK: ca. 50 MUSD Tja, ich glaube, wir werden hier noch sehr viel Spass haben!!!!! Und morgen geht's los!!
PS: Wuerde mich ueber andere Meinungen und Analysen sehr freuen, ist auf Dauer doch etwas langweilig so alleine...
HH
So, hier noch eine Empfehlung vom Hot Stocks Investor. Die haben wohl anscheinend einen Praktikanten eingestellt, der der englischen Sprache maechtig ist. Klingt wie die google Uebersetzung vom OTC Journal Na ja, wenn die selbst keine Ideen haben...Aber uns soll es recht sein, so wird TTGL wenigstens auch in D bekannt.
Nach Ansicht der Experten von "Hot Stocks Investor" ist die Aktie von Titan Global Holdings (ISIN US88829L1070/ WKN A0HNR0) aussichtsreich.
Nach der Bekanntgabe der vorläufigen Q2-Ergebnisse habe Titan Global Holdings zu einer kräftigen Erholung angesetzt. Das Unternehmen gehe momentan von einem Umsatz in Höhe von 36 Mio. USD für das zweite Quartal des Fiskaljahres aus. Das entspreche allein gegenüber dem Vorquartal bereits einem Anstieg von 20 Prozent. Damit erscheine es nun möglich, dass das Unternehmen bei der Vorstellung der endgültigen Zahlen zum ersten Mal überhaupt ein positives Nettoergebnis ausweisen werde.
Spätestens dann sollte der Titel zügig in Richtung neuer Rekordhochs marschieren. Eine Market-Cap von momentan rund 70 Mio. USD sei geradezu lächerlich für ein profitables Unternehmen mit einem Jahresumsatz von bald 200 Mio. USD.
Vor wenigen Tagen sei eine weitere positive News in den Markt gekommen. Die Unternehmenstochter Oblio Telecom habe sich in einem Disput mit einem Geschäftspartner durchsetzen können und erhalte von seinen ausstehenden Forderungen umgehend einen Betrag von 1,9 Mio. USD sowie weitere 1,6 Mio. USD in absehbarer Zeit.
Die Experten von "Hot Stocks Investor" sind sich sicher, dass der Musterdepotwert Titan Global Holdings einer der aussichtsreichsten Werte für 2007 bleibt. (Ausgabe 6 vom 02.04.2007)
Na ja, wenn die selbst keine Ideen haben...Aber uns soll es recht sein, so wird TTGL wenigstens auch in D bekannt.Nach Ansicht der Experten von "Hot Stocks Investor" ist die Aktie von Titan Global Holdings (ISIN US88829L1070/ WKN A0HNR0) aussichtsreich.
Nach der Bekanntgabe der vorläufigen Q2-Ergebnisse habe Titan Global Holdings zu einer kräftigen Erholung angesetzt. Das Unternehmen gehe momentan von einem Umsatz in Höhe von 36 Mio. USD für das zweite Quartal des Fiskaljahres aus. Das entspreche allein gegenüber dem Vorquartal bereits einem Anstieg von 20 Prozent. Damit erscheine es nun möglich, dass das Unternehmen bei der Vorstellung der endgültigen Zahlen zum ersten Mal überhaupt ein positives Nettoergebnis ausweisen werde.
Spätestens dann sollte der Titel zügig in Richtung neuer Rekordhochs marschieren. Eine Market-Cap von momentan rund 70 Mio. USD sei geradezu lächerlich für ein profitables Unternehmen mit einem Jahresumsatz von bald 200 Mio. USD.
Vor wenigen Tagen sei eine weitere positive News in den Markt gekommen. Die Unternehmenstochter Oblio Telecom habe sich in einem Disput mit einem Geschäftspartner durchsetzen können und erhalte von seinen ausstehenden Forderungen umgehend einen Betrag von 1,9 Mio. USD sowie weitere 1,6 Mio. USD in absehbarer Zeit.
Die Experten von "Hot Stocks Investor" sind sich sicher, dass der Musterdepotwert Titan Global Holdings einer der aussichtsreichsten Werte für 2007 bleibt. (Ausgabe 6 vom 02.04.2007)
Titan Global Holdings Announces Relocation to Expanded Headquarters Given Period of Record Growth
Thursday May 3, 1:25 pm ET
New Location to Support Aggressive Acquisition Strategy with Improved Internal Controls and 300% Greater Customer Service Capacity
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that the Company has relocated its headquarters to a significantly larger facility to accommodate record growth this fiscal year. The new facility expands the Communications Division's customer service capacity by more than 300%.
http://biz.yahoo.com/bw/070503/20070503006004.html?.v=1
Thursday May 3, 1:25 pm ET
New Location to Support Aggressive Acquisition Strategy with Improved Internal Controls and 300% Greater Customer Service Capacity
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that the Company has relocated its headquarters to a significantly larger facility to accommodate record growth this fiscal year. The new facility expands the Communications Division's customer service capacity by more than 300%.
http://biz.yahoo.com/bw/070503/20070503006004.html?.v=1
Titan Global Holdings Announces Commencement of 4 Million Share Open Market Buyback Plan
Board of Directors Cite Attractive Share Price and Company’s Improving Fundamentals for Plan to Decrease Share Supply
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced today that the Company's Board of Directors have commenced an approved 4 million share open market buyback plan. The Board cited its attractive share price, as well as reported record financial revenue results and strategic progress from its various business units in making this decision.
As of today, Titan has 49,129,052 shares of common stock outstanding. As of May 4, 2007, management, directors, and strategic investors of Titan already owned or controlled in excess of approximately 75% of the common stock issued and outstanding shares.
"Titan's management, directors, and strategic investors continue to view our share price as a compelling value proposition," said David Marks, Chairman of Titan Global Holdings. "Therefore, from time to time, these parties, including Titan, have and may make additional open market purchases consistent with SEC rules."
In a private transaction, Titan previously announced its re-purchase on December 29, 2006 of 1,250,000 from Laurus Master Fund, Ltd. As of April 30, 2007, Titan had in excess of 2,000 shareholders. On May 4, 2007, Titan's stock closed at $1.14 per share. Titan's stock reached its 52 week high of $1.49 per share on March 8, 2007.
"Titan's metrics have been exceptional with sequential quarterly increases in revenues, EBITDA and earnings," said 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 23.5% 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 float."
Pursuant to SEC regulations 10b-18, the maximum price Titan can pay per share is the greater of the highest independent bid or the last independent transaction price quoted or reported; as for the daily quantity of shares purchased, the daily limit is 25% of the average daily volume for the preceding four week period.
Finally, once per week, Titan can forego the quantity limit defined above and make one block purchase of an unlimited size up to the unfilled balance of its approved buyback plan. A block is defined as a purchase price of $200,000 or more or at least 5,000 shares and a price of at least $50,000, or at least 20 round lots that totals 150% or more of the trading volume.
As Titan makes open market purchases, after settlement, such shares will be cancelled and the shares outstanding will be reduced. These purchases will be reported in Titan's Form 10-QSB and Form 10-KSB filed with SEC.
Consistent with Titan's previously announced policy, in addition to any share ownership disclosure that is legally required by the Securities and Exchange Commission, Titan will announce from time to time the aggregate ownership of its key management, directors and strategic investors in an effort to provide complete transparency to all stockholders.
Bei dem niedrigen Aktienkurs kann ich das voll verstehen, andererseits sollten sie vielleicht lieber die Schulden tilgen...Vielleicht bringt uns diese News ja ein wenig nach oben. Zumindest sind wir wieder in den Seitwaertskanal zurueck gekehrt. Aber die 1,40 USD zu knacken, scheint zur Zeit doch sehr schwierig zu sein.
Hier braucht man definitiv Geduld, denn bei dem geringen Umsatz zur Zeit laeuft nix. Sollte hier aber mal Schwung reinkommen, dann kann es auch sehr schnell gehen.
HH
Board of Directors Cite Attractive Share Price and Company’s Improving Fundamentals for Plan to Decrease Share Supply
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced today that the Company's Board of Directors have commenced an approved 4 million share open market buyback plan. The Board cited its attractive share price, as well as reported record financial revenue results and strategic progress from its various business units in making this decision.
As of today, Titan has 49,129,052 shares of common stock outstanding. As of May 4, 2007, management, directors, and strategic investors of Titan already owned or controlled in excess of approximately 75% of the common stock issued and outstanding shares.
"Titan's management, directors, and strategic investors continue to view our share price as a compelling value proposition," said David Marks, Chairman of Titan Global Holdings. "Therefore, from time to time, these parties, including Titan, have and may make additional open market purchases consistent with SEC rules."
In a private transaction, Titan previously announced its re-purchase on December 29, 2006 of 1,250,000 from Laurus Master Fund, Ltd. As of April 30, 2007, Titan had in excess of 2,000 shareholders. On May 4, 2007, Titan's stock closed at $1.14 per share. Titan's stock reached its 52 week high of $1.49 per share on March 8, 2007.
"Titan's metrics have been exceptional with sequential quarterly increases in revenues, EBITDA and earnings," said 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 23.5% 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 float."
Pursuant to SEC regulations 10b-18, the maximum price Titan can pay per share is the greater of the highest independent bid or the last independent transaction price quoted or reported; as for the daily quantity of shares purchased, the daily limit is 25% of the average daily volume for the preceding four week period.
Finally, once per week, Titan can forego the quantity limit defined above and make one block purchase of an unlimited size up to the unfilled balance of its approved buyback plan. A block is defined as a purchase price of $200,000 or more or at least 5,000 shares and a price of at least $50,000, or at least 20 round lots that totals 150% or more of the trading volume.
As Titan makes open market purchases, after settlement, such shares will be cancelled and the shares outstanding will be reduced. These purchases will be reported in Titan's Form 10-QSB and Form 10-KSB filed with SEC.
Consistent with Titan's previously announced policy, in addition to any share ownership disclosure that is legally required by the Securities and Exchange Commission, Titan will announce from time to time the aggregate ownership of its key management, directors and strategic investors in an effort to provide complete transparency to all stockholders.
Bei dem niedrigen Aktienkurs kann ich das voll verstehen, andererseits sollten sie vielleicht lieber die Schulden tilgen...Vielleicht bringt uns diese News ja ein wenig nach oben. Zumindest sind wir wieder in den Seitwaertskanal zurueck gekehrt. Aber die 1,40 USD zu knacken, scheint zur Zeit doch sehr schwierig zu sein.
Hier braucht man definitiv Geduld, denn bei dem geringen Umsatz zur Zeit laeuft nix. Sollte hier aber mal Schwung reinkommen, dann kann es auch sehr schnell gehen.
HH
Titan Global Announces Completion of Ready Mobile Acquisition
Regional Sprint MVNO Targeting Nationwide Retailers Doubles Company's Customer Base and Significantly Expands Sales Force
RICHARDSON, Texas--(BUSINESS WIRE)--
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced today that Titan Wireless, a subsidiary of Titan Global Holdings, Inc., has completed its purchase of the assets of Ready Mobile, LLC, www.readymobile.com, a national Sprint Mobile Virtual Network Operator (MVNO) generating $12 million in annual revenues with more than 23,000 subscribers and a retail network reaching 5,000 locations.
Ready Mobile currently operates under two brand-name products, Ready Mobile PCS and Mojo Mobile. Titan's expanded wireless operations will leverage Ready Mobile's expansive distribution center in Cedar Rapids, Iowa. Additionally, Ready Mobile's proven leadership team will lead Titan's newly combined wireless division.
"Titan's wireless division has effectively doubled its customer base with the execution of the Ready Mobile acquisition," said Kurt Jensen, President and Chief Executive Officer of Titan's Communications Division. "Our existing retail footprint will bolster Ready Mobile's retail sales channel."
Titan expects to achieve additional synergies and cost savings by leveraging Ready Mobile's distribution strength. By combining Oblio's trusted long distance brands with Ready Mobile's distribution strength the Company anticipates creating a leading portfolio of prepaid communications products for our distribution partners.
"The entire Ready Mobile management team is excited to become part of Titan," said Dennis Henderson, President of Titan Wireless, formerly President of Ready Mobile. "We believe the combined distribution channels and breadth of brand offerings will result in rapid growth of market share for our newly combined wireless company."
This acquisition is consistent with Titan's stated strategic plan to opportunistically acquire and roll-up competitive MVNOs. Titan has and will target and pursue other MVNO's throughout 2007 for similarly structured acquisitions.
"We are committed to growing our subsidiaries through organic efforts and the efficient deployment of capital to acquire assets that strengthen our market position," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "The acquisition of Ready Mobile places our Titan Wireless subsidiary in a market leadership position in the dynamic prepaid wireless telecommunications market. Furthermore, we gain the tremendous leadership and experience of Dennis Henderson and his management team. We look forward to continuing to strengthen our balance sheet and, in turn, investing capital efficiently creating tremendous shareholder value from our subsidiaries."
Regional Sprint MVNO Targeting Nationwide Retailers Doubles Company's Customer Base and Significantly Expands Sales Force
RICHARDSON, Texas--(BUSINESS WIRE)--
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced today that Titan Wireless, a subsidiary of Titan Global Holdings, Inc., has completed its purchase of the assets of Ready Mobile, LLC, www.readymobile.com, a national Sprint Mobile Virtual Network Operator (MVNO) generating $12 million in annual revenues with more than 23,000 subscribers and a retail network reaching 5,000 locations.
Ready Mobile currently operates under two brand-name products, Ready Mobile PCS and Mojo Mobile. Titan's expanded wireless operations will leverage Ready Mobile's expansive distribution center in Cedar Rapids, Iowa. Additionally, Ready Mobile's proven leadership team will lead Titan's newly combined wireless division.
"Titan's wireless division has effectively doubled its customer base with the execution of the Ready Mobile acquisition," said Kurt Jensen, President and Chief Executive Officer of Titan's Communications Division. "Our existing retail footprint will bolster Ready Mobile's retail sales channel."
Titan expects to achieve additional synergies and cost savings by leveraging Ready Mobile's distribution strength. By combining Oblio's trusted long distance brands with Ready Mobile's distribution strength the Company anticipates creating a leading portfolio of prepaid communications products for our distribution partners.
"The entire Ready Mobile management team is excited to become part of Titan," said Dennis Henderson, President of Titan Wireless, formerly President of Ready Mobile. "We believe the combined distribution channels and breadth of brand offerings will result in rapid growth of market share for our newly combined wireless company."
This acquisition is consistent with Titan's stated strategic plan to opportunistically acquire and roll-up competitive MVNOs. Titan has and will target and pursue other MVNO's throughout 2007 for similarly structured acquisitions.
"We are committed to growing our subsidiaries through organic efforts and the efficient deployment of capital to acquire assets that strengthen our market position," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "The acquisition of Ready Mobile places our Titan Wireless subsidiary in a market leadership position in the dynamic prepaid wireless telecommunications market. Furthermore, we gain the tremendous leadership and experience of Dennis Henderson and his management team. We look forward to continuing to strengthen our balance sheet and, in turn, investing capital efficiently creating tremendous shareholder value from our subsidiaries."
Titan Global Holdings Announces Update of Research Coverage by Murphy Analytics
Report Reiterates 12-Month Targeted Price Increase to $2.50, Citing Continued Strong Financial Performance and Management Follow-Through
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced that Murphy Analytics (MA), a fee-based equity research firm, has issued a research report update that reiterates a 12-month target share price of $2.50, following Titan's recently released report for Q2 2007 with revenues that reached $36 million with a net income of $1.5 million for the period.
"MA is reiterating the 12-month price target of $2.50 for TTGL, and over the next quarter, MA will be looking for progress in the PCB business as evidence that TTGL's executive management additions, operational focus, and marketing strategies are driving revenue and EBITDA growth," said the Murphy Analytics Report, written by Patrick Murphy, C.F.A. "MA will be looking for acquisition activity by TTGL - another stated xobjective of TTGL management for 2007, and a point reiterated in the Company's Q2 investor conference call."
Titan capitalizes on a 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 its global family of customers.
Recently, Titan announced that the Company's Board of Directors have commenced an approved 4 million share open market buyback plan. The Board cited Titan's attractive share price, as well as reported record financial revenue results and strategic progress from its various business units in making this decision.
"TTGL is on pace, or nearly on pace, in both the Communications and Electronics/Homeland Security segments relative to TTGL's original annual revenue guidance," according to the report. "More importantly, TTGL's EBITDA performance is very strong year to date".
The full update and report is available free of charge to all interested investors at http://www.trilogy-capital.com/tcp/titan/. Titan has engaged Murphy Analytics to provide research coverage under the compensation terms described below.
Report Reiterates 12-Month Targeted Price Increase to $2.50, Citing Continued Strong Financial Performance and Management Follow-Through
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced that Murphy Analytics (MA), a fee-based equity research firm, has issued a research report update that reiterates a 12-month target share price of $2.50, following Titan's recently released report for Q2 2007 with revenues that reached $36 million with a net income of $1.5 million for the period.
"MA is reiterating the 12-month price target of $2.50 for TTGL, and over the next quarter, MA will be looking for progress in the PCB business as evidence that TTGL's executive management additions, operational focus, and marketing strategies are driving revenue and EBITDA growth," said the Murphy Analytics Report, written by Patrick Murphy, C.F.A. "MA will be looking for acquisition activity by TTGL - another stated xobjective of TTGL management for 2007, and a point reiterated in the Company's Q2 investor conference call."
Titan capitalizes on a 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 its global family of customers.
Recently, Titan announced that the Company's Board of Directors have commenced an approved 4 million share open market buyback plan. The Board cited Titan's attractive share price, as well as reported record financial revenue results and strategic progress from its various business units in making this decision.
"TTGL is on pace, or nearly on pace, in both the Communications and Electronics/Homeland Security segments relative to TTGL's original annual revenue guidance," according to the report. "More importantly, TTGL's EBITDA performance is very strong year to date".
The full update and report is available free of charge to all interested investors at http://www.trilogy-capital.com/tcp/titan/. Titan has engaged Murphy Analytics to provide research coverage under the compensation terms described below.
Titan Global Receives IRS Approval for Refund of $4 Million in Federal Excise Taxes
Thursday May 31, 11:36 am ET
Funds to Reduce Corporate Debt, Support Corporate Buyback Plan and Provide Working Capital for Company's Continued Growth
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that Oblio Telecom, Inc., a subsidiary of Titan Communications, received written approval from the Internal Revenue Service (IRS) of its request for reimbursement of Federal Excise Taxes (FET) paid by Oblio. The IRS has approved a refund to Oblio of $4 million in principal and interest.
http://biz.yahoo.com/bw/070531/20070531005738.html?.v=1&prin…
Thursday May 31, 11:36 am ET
Funds to Reduce Corporate Debt, Support Corporate Buyback Plan and Provide Working Capital for Company's Continued Growth
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that Oblio Telecom, Inc., a subsidiary of Titan Communications, received written approval from the Internal Revenue Service (IRS) of its request for reimbursement of Federal Excise Taxes (FET) paid by Oblio. The IRS has approved a refund to Oblio of $4 million in principal and interest.
http://biz.yahoo.com/bw/070531/20070531005738.html?.v=1&prin…
Bin also doch nicht der Einzige, der sich fuer Titan interessiert....
HH
HH
Titan Global Holdings Electronics & Homeland Security Division Announces Record Bookings, Shipments and Revenues
Friday June 1, 2:25 pm ET
Record Activity Reflects Fundamental Progress Following Execution of Key Strategic Initiatives
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that Oblio Telecom, today announced that Titan Electronics and Homeland Security Division shipped and booked a record $2.2 million and $2.6 million, respectively, for the month ended May 31, 2007.
The Titan PCB divisions continue to capture new customers through its growing representative network focus on the company's high-quality service and the pursuit of emerging PCB market segments. In the quarter ended May 31 2007, this Division added 59 new customers.
"The changes we made over the last year to personnel, facilities, and our customer mix continue to bear fruit in a competitive and dynamic market," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "Specifically, the addition of Mike Berg and the commitment of our team at Titan East led to the tremendous results in May. With the improved results at our East facility, we have and will exploit opportunities to support our emerging customers and their needs across North America."
Titan previously announced its Board of Directors approved a plan to make a tax-free dividend distribution of the shares it holds in its Electronics and Homeland Security Division. Prior to the distribution, the business and operations of Titan PCB East, Inc. will be moved into Titan PCB West, Inc. ("Titan PCB") subsidiary so the distribution will include all of Titan's electronics manufacturing and its name will be changed to Titan Electronics, Inc.
"Titan's Electronics and Homeland Security Division is making financial progress which reinforces our fundamental progress," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings, Inc. "Curtis and his team's efforts continue to strengthen our market position and ensure the success of this Titan Division."
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets and advanced technologies. In its last fiscal year Titan generated in excess of $109 million in revenues on a consolidated basis.
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.
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.
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.
http://biz.yahoo.com/bw/070601/20070601005692.html?.v=1&prin…
Friday June 1, 2:25 pm ET
Record Activity Reflects Fundamental Progress Following Execution of Key Strategic Initiatives
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that Oblio Telecom, today announced that Titan Electronics and Homeland Security Division shipped and booked a record $2.2 million and $2.6 million, respectively, for the month ended May 31, 2007.
The Titan PCB divisions continue to capture new customers through its growing representative network focus on the company's high-quality service and the pursuit of emerging PCB market segments. In the quarter ended May 31 2007, this Division added 59 new customers.
"The changes we made over the last year to personnel, facilities, and our customer mix continue to bear fruit in a competitive and dynamic market," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "Specifically, the addition of Mike Berg and the commitment of our team at Titan East led to the tremendous results in May. With the improved results at our East facility, we have and will exploit opportunities to support our emerging customers and their needs across North America."
Titan previously announced its Board of Directors approved a plan to make a tax-free dividend distribution of the shares it holds in its Electronics and Homeland Security Division. Prior to the distribution, the business and operations of Titan PCB East, Inc. will be moved into Titan PCB West, Inc. ("Titan PCB") subsidiary so the distribution will include all of Titan's electronics manufacturing and its name will be changed to Titan Electronics, Inc.
"Titan's Electronics and Homeland Security Division is making financial progress which reinforces our fundamental progress," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings, Inc. "Curtis and his team's efforts continue to strengthen our market position and ensure the success of this Titan Division."
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets and advanced technologies. In its last fiscal year Titan generated in excess of $109 million in revenues on a consolidated basis.
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.
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.
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.
http://biz.yahoo.com/bw/070601/20070601005692.html?.v=1&prin…
So, jetzt bin ich wieder dran...
Titan Global Announces Favorable Re-Negotiation of Relationship with Tier-One Telecommunications Provider Sprint Nextel
Agreement Incorporates New Wholesale Purchasing, Expands Wireline Capacity and Enables Oblio Division to Terminate International Traffic Over Sprint Network
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced today that Oblio Telecom, Inc., a subsidiary of Titan, amicably resolved issues with Sprint Nextel Corporation that incorporates new wholesale purchasing agreement which replaced Oblio's prior agreement with Sprint. The agreement also expands wireline capacity and enables Oblio to terminate international traffic over Sprint's extensive network.
"As we have communicated to our customers and investors, Titan's Communications Division has progressed to a vertically integrated model," said Kurt Jensen, President and Chief Executive Officer of Titan's Communications Division. "We are excited to open our relationship with Sprint Wholesale wherein we can utilize its worldwide network prowess."
The settlement reflects the amicable progression of Titan's relationship with Sprint. The re-positioned wholesale agreement provides additional wireline capacity to Titan's established network, which enables Titan to support more customers to more destinations around the globe.
"Our Communications Division continues to wisely deploy capital to expand its owned and leased network facilities," said Bryan Chance, President and Chief Executive Officer of Titan. "We are now in control of our destiny. I believe that this new contract will give us the flexibility and resources to significantly expand our customer base and increase our margins. We believe this new relationship will build shareholder value well into the future."
Titan recently announced the acquisition of Ready Mobile, which Titan expects to achieve additional synergies and cost savings by leveraging Ready Mobile's distribution strength in the wireless market. By combining Oblio's trusted long distance brands with Ready Mobile's distribution strength in the wireless market, Titan anticipates creating a leading portfolio of prepaid communications products for our vast network of distribution partners.
For further information, see the Current Report on Form 8-K filed by Titan today.
Titan Global Announces Favorable Re-Negotiation of Relationship with Tier-One Telecommunications Provider Sprint Nextel
Agreement Incorporates New Wholesale Purchasing, Expands Wireline Capacity and Enables Oblio Division to Terminate International Traffic Over Sprint Network
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced today that Oblio Telecom, Inc., a subsidiary of Titan, amicably resolved issues with Sprint Nextel Corporation that incorporates new wholesale purchasing agreement which replaced Oblio's prior agreement with Sprint. The agreement also expands wireline capacity and enables Oblio to terminate international traffic over Sprint's extensive network.
"As we have communicated to our customers and investors, Titan's Communications Division has progressed to a vertically integrated model," said Kurt Jensen, President and Chief Executive Officer of Titan's Communications Division. "We are excited to open our relationship with Sprint Wholesale wherein we can utilize its worldwide network prowess."
The settlement reflects the amicable progression of Titan's relationship with Sprint. The re-positioned wholesale agreement provides additional wireline capacity to Titan's established network, which enables Titan to support more customers to more destinations around the globe.
"Our Communications Division continues to wisely deploy capital to expand its owned and leased network facilities," said Bryan Chance, President and Chief Executive Officer of Titan. "We are now in control of our destiny. I believe that this new contract will give us the flexibility and resources to significantly expand our customer base and increase our margins. We believe this new relationship will build shareholder value well into the future."
Titan recently announced the acquisition of Ready Mobile, which Titan expects to achieve additional synergies and cost savings by leveraging Ready Mobile's distribution strength in the wireless market. By combining Oblio's trusted long distance brands with Ready Mobile's distribution strength in the wireless market, Titan anticipates creating a leading portfolio of prepaid communications products for our vast network of distribution partners.
For further information, see the Current Report on Form 8-K filed by Titan today.
Titan Global Holdings Revises Revenue Guidance for Fiscal 2007
Due to Improving Market Share and Profit Margins Company Expects to Exceed Previously Issued Guidance of $17.5 Million EBIDTA
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high-growth diversified holding company, today revised its revenue guidance for fiscal 2007, projecting record-setting revenues in excess of $125 million which is a reduction in previously issued revenue guidance of $145 million. However, due to improving profit margins, Titan will meet or exceed its previously issued guidance of $17.5 Million in earnings before interest, taxes, depreciation and amortization ("EBITDA").
"Our dispute with a tier-one communications provider in our fiscal 2007 third quarter resulted in a temporary decline in the revenue for the Communications Division's international long distance products," said Bryan Chance, President and Chief Executive of Titan Global Holdings, Inc. "We favorably settled the matter in May and demand for our international long distance products is strengthening again as we move into our fourth quarter of fiscal 2007. More importantly, we are now terminating all of our international long distance traffic on our internal network thus increasing our profit margins and ensuring consumers the delivery of value in the international long distance market."
Titan also recently announced the acquisition of Ready Mobile, which Titan expects to achieve additional synergies and cost savings by leveraging Ready Mobile's distribution strength in the wireless market. By combining Oblio's trusted long distance brands with Ready Mobile's distribution strength in the wireless market, Titan anticipates creating a leading portfolio of prepaid communications products for our vast network of distribution partners.
Due to Improving Market Share and Profit Margins Company Expects to Exceed Previously Issued Guidance of $17.5 Million EBIDTA
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high-growth diversified holding company, today revised its revenue guidance for fiscal 2007, projecting record-setting revenues in excess of $125 million which is a reduction in previously issued revenue guidance of $145 million. However, due to improving profit margins, Titan will meet or exceed its previously issued guidance of $17.5 Million in earnings before interest, taxes, depreciation and amortization ("EBITDA").
"Our dispute with a tier-one communications provider in our fiscal 2007 third quarter resulted in a temporary decline in the revenue for the Communications Division's international long distance products," said Bryan Chance, President and Chief Executive of Titan Global Holdings, Inc. "We favorably settled the matter in May and demand for our international long distance products is strengthening again as we move into our fourth quarter of fiscal 2007. More importantly, we are now terminating all of our international long distance traffic on our internal network thus increasing our profit margins and ensuring consumers the delivery of value in the international long distance market."
Titan also recently announced the acquisition of Ready Mobile, which Titan expects to achieve additional synergies and cost savings by leveraging Ready Mobile's distribution strength in the wireless market. By combining Oblio's trusted long distance brands with Ready Mobile's distribution strength in the wireless market, Titan anticipates creating a leading portfolio of prepaid communications products for our vast network of distribution partners.
Titan Global Holdings Reports $30.8 Million in Revenues for Fiscal Q3 2007
Continued Growth Highlighted by $5.7 Million Net Income and $0.11 Earnings Per Share
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, reported record financial results for its fiscal quarter ended May 31, 2007, highlighted by the Company's continued growth in revenues to $30.8 million and net operating income of $5.7 million, or $.11 earnings per share, with all business segments reporting continued strong revenue growth.
Additionally, Titan reported revenues of $96.9 million and net operating income of $303 thousand for the nine months ended May 31, 2007 reflecting a 17% increase in revenue from the prior year. The Company also reported $4 million in earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter.
Titan's working capital deficit was reduced from $35.8 million at the close of the first quarter of 2007 to $7.6 million at the close of this fiscal quarter.
"Strategically, the quarter's highlights were continued balance sheet improvement and the continued repositioning of our Communications Division," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Furthermore, we received our proceeds from the FET excise tax refund in June 2007 and retired our term debt to Greystone Business Credit in our Communications division. Over the last twenty-one months, we have retired the $11.5M term loan we used in part to purchase our Communications assets. As we move into our fourth quarter and beyond, we will begin to deploy excess cash flows in existing businesses as well as targeted acquisition opportunities."
Consolidated Results
3 Months Ended 9 Months Ended
Consolidated May 31, 2007 May 31, 2006 May 31, 2007 May 31, 2006
Revenues 30,800 28,869 96,864 82,552
Gross Profit 9,233 2,816 16,517 6,989
Net Income 5,651 (4,549 ) 303 (13,851 )
Communications Division
The Communications Division reported third quarter revenue of $24.6 million, an increase of $1.5 million or 6% increase from the same period a year ago and net operating income of $4.5M. Gross margins increased $6.9 million in the third fiscal quarter of 2007 compared to the same quarter the previous year due to the settlement of our dispute with a tier one communications provider and improved margins from internal switching operations.
"Our Communications Division completed a strategic repositioning of its product offerings and the completion of our first wireless acquisition in the third fiscal quarter," said Kurt Jensen, President of Titan's Communications Division. "At the close of the third quarter, all of Titan's international long distance offerings are terminated internally through our Starttalk subsidiary. This will provide enhanced customer experiences and increased shareholder returns as we have infrastructure in place to develop and distribute new offerings faster and the ability to better manage margins and cash flows. Additionally, we closed and integrated the Ready Mobile acquisition in May and significantly bolstered our position in the prepaid wireless marketplace."
3 Months Ended 9 Months Ended
Communication May 31, 2007 May 31, 2006 May 31, 2007 May 31, 2006
Revenues 24,626 23,146 80,138 67,717
Gross Profit 8,885 1,991 15,805 5,140
Net Income 4,498 (702 ) 6,042 (2,877 )
Electronics and Homeland Security Division
The Electronics and Homeland Security Division reported increased revenues of $6.2 million, an 8% increase from the same quarter last year and net operating income of $2 million for the third fiscal quarter. Net operating income was largely the result of the net gains recognized on the valuation of derivative instruments and debt retirements during the quarter of $4.5 million.
"The revenue growth the division achieved was a direct result of the Company's new 'rep centric' sales organization which is increasing our market share, said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "Our profit margins were compressed as a continued result of increased material costs. We continued to demonstrate progress with increased revenue and continue to gain market share during a time of transition in the market for printed circuit boards. We will improve operational efficiencies to increase profitability in the printed circuit board companies in our fourth fiscal quarter and enter fiscal 2008 as a strong electronics and homeland security division."
3 Months Ended 9 Months Ended
E&HS May 31, 2007 May 31, 2006 May 31, 2007 May 31, 2006
Revenues 6,174 5,723 16,726 14,835
Gross Profit 348 825 712 1,849
Net Income 2,031 (3,847 ) (3,016 ) (10,974 )
Continued Growth Highlighted by $5.7 Million Net Income and $0.11 Earnings Per Share
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, reported record financial results for its fiscal quarter ended May 31, 2007, highlighted by the Company's continued growth in revenues to $30.8 million and net operating income of $5.7 million, or $.11 earnings per share, with all business segments reporting continued strong revenue growth.
Additionally, Titan reported revenues of $96.9 million and net operating income of $303 thousand for the nine months ended May 31, 2007 reflecting a 17% increase in revenue from the prior year. The Company also reported $4 million in earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter.
Titan's working capital deficit was reduced from $35.8 million at the close of the first quarter of 2007 to $7.6 million at the close of this fiscal quarter.
"Strategically, the quarter's highlights were continued balance sheet improvement and the continued repositioning of our Communications Division," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Furthermore, we received our proceeds from the FET excise tax refund in June 2007 and retired our term debt to Greystone Business Credit in our Communications division. Over the last twenty-one months, we have retired the $11.5M term loan we used in part to purchase our Communications assets. As we move into our fourth quarter and beyond, we will begin to deploy excess cash flows in existing businesses as well as targeted acquisition opportunities."
Consolidated Results
3 Months Ended 9 Months Ended
Consolidated May 31, 2007 May 31, 2006 May 31, 2007 May 31, 2006
Revenues 30,800 28,869 96,864 82,552
Gross Profit 9,233 2,816 16,517 6,989
Net Income 5,651 (4,549 ) 303 (13,851 )
Communications Division
The Communications Division reported third quarter revenue of $24.6 million, an increase of $1.5 million or 6% increase from the same period a year ago and net operating income of $4.5M. Gross margins increased $6.9 million in the third fiscal quarter of 2007 compared to the same quarter the previous year due to the settlement of our dispute with a tier one communications provider and improved margins from internal switching operations.
"Our Communications Division completed a strategic repositioning of its product offerings and the completion of our first wireless acquisition in the third fiscal quarter," said Kurt Jensen, President of Titan's Communications Division. "At the close of the third quarter, all of Titan's international long distance offerings are terminated internally through our Starttalk subsidiary. This will provide enhanced customer experiences and increased shareholder returns as we have infrastructure in place to develop and distribute new offerings faster and the ability to better manage margins and cash flows. Additionally, we closed and integrated the Ready Mobile acquisition in May and significantly bolstered our position in the prepaid wireless marketplace."
3 Months Ended 9 Months Ended
Communication May 31, 2007 May 31, 2006 May 31, 2007 May 31, 2006
Revenues 24,626 23,146 80,138 67,717
Gross Profit 8,885 1,991 15,805 5,140
Net Income 4,498 (702 ) 6,042 (2,877 )
Electronics and Homeland Security Division
The Electronics and Homeland Security Division reported increased revenues of $6.2 million, an 8% increase from the same quarter last year and net operating income of $2 million for the third fiscal quarter. Net operating income was largely the result of the net gains recognized on the valuation of derivative instruments and debt retirements during the quarter of $4.5 million.
"The revenue growth the division achieved was a direct result of the Company's new 'rep centric' sales organization which is increasing our market share, said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "Our profit margins were compressed as a continued result of increased material costs. We continued to demonstrate progress with increased revenue and continue to gain market share during a time of transition in the market for printed circuit boards. We will improve operational efficiencies to increase profitability in the printed circuit board companies in our fourth fiscal quarter and enter fiscal 2008 as a strong electronics and homeland security division."
3 Months Ended 9 Months Ended
E&HS May 31, 2007 May 31, 2006 May 31, 2007 May 31, 2006
Revenues 6,174 5,723 16,726 14,835
Gross Profit 348 825 712 1,849
Net Income 2,031 (3,847 ) (3,016 ) (10,974 )
WebAlert: Titan Global Holdings Announces Investor Conference Starts Today at 12 Noon ET
Friday July 20, 3:30 am ET
CEO to Detail $30.8 Million Q3 Results and Other Strategic Achievements
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, will host an investor conference call with a simultaneous webcast, today at 12 noon Eastern, to discuss its recently reported revenue results of $30.8 million for Q3 2007.
During the conference call, Bryan Chance, Chief Executive Officer of Titan Global Holdings, will update investors on the strong revenue growth for each of its operating subsidiaries for Q3 2007. Mr. Chance will also address investor questions.
Titan's six 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.
WHO: Titan Global Holdings
WHAT: Investor Conference Call
WHEN: Today, July 20, 2007, at 12 noon Eastern
HOW: Callers within the United States may dial 866-269-9609.
When prompted, tell the operator that you would like to
connect to the Titan Global Holdings conference call.
International callers can dial 612-234-9960.
COST: The conference call is free of charge.
WEBCAST: An online audio simulcast of the call will also be
accessible at http://www.trilogy-capital.com/tcp/titan/
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets and advanced technologies. In its last fiscal year Titan generated in excess of $109 million in revenues on a consolidated basis.
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.
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.
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.
http://biz.yahoo.com/bw/070720/20070720005014.html?.v=1&prin…
Friday July 20, 3:30 am ET
CEO to Detail $30.8 Million Q3 Results and Other Strategic Achievements
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, will host an investor conference call with a simultaneous webcast, today at 12 noon Eastern, to discuss its recently reported revenue results of $30.8 million for Q3 2007.
During the conference call, Bryan Chance, Chief Executive Officer of Titan Global Holdings, will update investors on the strong revenue growth for each of its operating subsidiaries for Q3 2007. Mr. Chance will also address investor questions.
Titan's six 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.
WHO: Titan Global Holdings
WHAT: Investor Conference Call
WHEN: Today, July 20, 2007, at 12 noon Eastern
HOW: Callers within the United States may dial 866-269-9609.
When prompted, tell the operator that you would like to
connect to the Titan Global Holdings conference call.
International callers can dial 612-234-9960.
COST: The conference call is free of charge.
WEBCAST: An online audio simulcast of the call will also be
accessible at http://www.trilogy-capital.com/tcp/titan/
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets and advanced technologies. In its last fiscal year Titan generated in excess of $109 million in revenues on a consolidated basis.
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.
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.
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.
http://biz.yahoo.com/bw/070720/20070720005014.html?.v=1&prin…
Damit haetten wir jetzt eine Firma mit 500 Mio. USD Jahresumsatz zum Preis von 50 Mio. USD (MK). Laecherlich...
Titan Global Holdings Announces the Formation of Titan Energy Group
Company Executes Definitive Purchase Agreement to Acquire $400 Million Appalachian Oil Company as Initial Acquisition
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high-growth diversified holding company, announced today that the Company has formed Titan Energy Group, a division engaged in the acquisition and management of complementary energy sector assets. Concurrent with the formation of Titan Energy Group, the Company announced the execution of a definitive purchase agreement to acquire 100% of the outstanding stock of Appalachian Oil Company, Inc. ("Appco"), representing the Company's initial acquisition in the sector.
The formation of Titan Energy Group further validates the Company's strategic vision for creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company. Titan Energy Group, capitalizing on earnings opportunities within the energy sector, has been formed to aggregate undervalued assets which can provide significant opportunities for revenue and earnings growth.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"It is the opinion of Titan's Board of Directors that the formation of Titan Energy Group and the acquisition of Appco are the most important events in our Company's history," said David Marks, Chairman of Titan Global Holdings. "Titan's initiatives in the energy sector are consistent with Titan's unwavering commitment to the creation of shareholder value. Our expectation is that Titan will continue to grow as a high-growth diversified holding company and extend its reach even beyond energy."
"For more than two years, Titan shareholders have benefited from the strategic business model that helped build our communications division into a major force in telecommunications," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "Titan's senior management is firmly committed to building on that success through the execution of a strategic plan to similarly increase revenues and earnings in the dynamic energy sector. Appco's strong revenue base and storied 84-year history provides Titan with an ideal platform company for further expansion of our energy efforts. Furthermore, Appco's management team has more than 125 years experience in the petroleum and convenience store industry. We will preserve and leverage Appco's industry-leading management team."
The Company is acquiring Appco principally with debt financing provided by Greystone Business Credit. The terms of the agreement to acquire Appco were not disclosed. The Company anticipates closing the transaction in September 2007.
"Through the formation of the Titan Energy Group and the Appco acquisition, Titan's management team continues to demonstrate its ability to seek out businesses with value potential," said Drew Neidorf, President of Greystone Business Credit. "We continue to be enthused about our relationship where we already provide financing to other Titan related entities and look forward to considering the financing of many future businesses this talented team surfaces as Titan progresses into a formidable player in the energy sector."
"The vision of Titan's management coupled with the Company's financial strength bode well for Appco's future growth," said Jeff Benedict, Chief Executive Officer of Appalachian Oil Company. "Titan has a track record of not only preserving but also creating jobs following its acquisitions and we are confident they will continue our legacy."
"Titan enjoys the stewardship of its equity sponsors at Crivello Group and Farwell Equity Partners, our forward thinking management team dedicated to increasing shareholder value, and seasoned business unit leadership that leverages its expertise to organically grow each business unit," said Mr. Chance.
Titan Global Holdings Announces the Formation of Titan Energy Group
Company Executes Definitive Purchase Agreement to Acquire $400 Million Appalachian Oil Company as Initial Acquisition
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high-growth diversified holding company, announced today that the Company has formed Titan Energy Group, a division engaged in the acquisition and management of complementary energy sector assets. Concurrent with the formation of Titan Energy Group, the Company announced the execution of a definitive purchase agreement to acquire 100% of the outstanding stock of Appalachian Oil Company, Inc. ("Appco"), representing the Company's initial acquisition in the sector.
The formation of Titan Energy Group further validates the Company's strategic vision for creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company. Titan Energy Group, capitalizing on earnings opportunities within the energy sector, has been formed to aggregate undervalued assets which can provide significant opportunities for revenue and earnings growth.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"It is the opinion of Titan's Board of Directors that the formation of Titan Energy Group and the acquisition of Appco are the most important events in our Company's history," said David Marks, Chairman of Titan Global Holdings. "Titan's initiatives in the energy sector are consistent with Titan's unwavering commitment to the creation of shareholder value. Our expectation is that Titan will continue to grow as a high-growth diversified holding company and extend its reach even beyond energy."
"For more than two years, Titan shareholders have benefited from the strategic business model that helped build our communications division into a major force in telecommunications," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "Titan's senior management is firmly committed to building on that success through the execution of a strategic plan to similarly increase revenues and earnings in the dynamic energy sector. Appco's strong revenue base and storied 84-year history provides Titan with an ideal platform company for further expansion of our energy efforts. Furthermore, Appco's management team has more than 125 years experience in the petroleum and convenience store industry. We will preserve and leverage Appco's industry-leading management team."
The Company is acquiring Appco principally with debt financing provided by Greystone Business Credit. The terms of the agreement to acquire Appco were not disclosed. The Company anticipates closing the transaction in September 2007.
"Through the formation of the Titan Energy Group and the Appco acquisition, Titan's management team continues to demonstrate its ability to seek out businesses with value potential," said Drew Neidorf, President of Greystone Business Credit. "We continue to be enthused about our relationship where we already provide financing to other Titan related entities and look forward to considering the financing of many future businesses this talented team surfaces as Titan progresses into a formidable player in the energy sector."
"The vision of Titan's management coupled with the Company's financial strength bode well for Appco's future growth," said Jeff Benedict, Chief Executive Officer of Appalachian Oil Company. "Titan has a track record of not only preserving but also creating jobs following its acquisitions and we are confident they will continue our legacy."
"Titan enjoys the stewardship of its equity sponsors at Crivello Group and Farwell Equity Partners, our forward thinking management team dedicated to increasing shareholder value, and seasoned business unit leadership that leverages its expertise to organically grow each business unit," said Mr. Chance.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Exclusive Biofuels Supply Agreement with NewGen Technologies
Wednesday July 25, 12:01 am ET
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.
ADVERTISEMENT
Under the terms of the agreement, following the completion of the Appco acquisition agreement, Titan will enter into a contract with NewGen for a term of 10 years providing Refuel America, Inc., a wholly owned subsidiary of NewGen, with the exclusive right to supply biofuel products to Appco or its affiliates at the then prevailing market price for such biofuel products at the time an order was placed ("Supply Contract"). Each of Appco (or its affiliates) and Refuel America, Inc., will be permitted to terminate the Supply Contract solely with cause upon 60 days' prior notice.
The recent formation of Titan Energy Group further validates Titan's strategic vision for creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company. Titan Energy Group, capitalizing on earnings opportunities within the energy sector, has been formed to aggregate undervalued assets which can provide significant opportunities for revenue and earnings growth.
As a result of today's agreement, in exchange for reimbursement of certain Appco-related expenses, NewGen has agreed to assist Titan in the closing of the Appco acquisition, including but not limited to, the sharing of due diligence material, the transfer of professional work product, and other reasonable assistance Titan may request of NewGen.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network that generated $403 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenient store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"This agreement is a classic win-win proposition for Titan and NewGen," said David Marks, Chairman of Titan Global Holdings. "Titan's initiatives in the energy sector are consistent with Titan's unwavering commitment to the creation of shareholder value. This agreement leverages our financial and management strength with the biofuel know-how of NewGen."
Mr. Marks, Frank Crivello and their affiliated investors are minority shareholders in NewGen.
"NewGen's biofuel expertise will enable us to exploit opportunities to increase margins at Appco," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "Titan's senior management is firmly committed to building on that success through the execution of a strategic plan to similarly increase revenues and earnings in the dynamic energy sector."
"Our strategic biofuel agreement with Titan is a strong first-step agreement for NewGen and Titan," said S. Bruce Wunner, Chairman and CEO of NewGen. "Titan can leverage its financial strength with our expertise and ability to exploit opportunities in the alternative energy space which we understand well. The agreement will provide us with the exclusive right to supply biofuels to Appco, which was a synergy we coveted when we initially bid for Appco. I look forward to working with Bryan and his team. We are exploring other strategic biofuel opportunities with Titan."
Appco's strong revenue base and storied 84-year history provides Titan with an ideal platform company for further expansion of its energy efforts. Furthermore, Appco's management team has more than 125 years experience in the petroleum and convenience store industry. Titan will preserve and leverage Appco's industry-leading management team.
About Titan Global Holdings, Inc.
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) 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'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.
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.
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.
About NewGen Technologies, Inc.
NewGen's mission is to be the leading global vertically integrated (Fields-to-Wheels) manufacturer and distributor of premium biofuels and hydrocarbon blends that are intended to dramatically reduce the environmental and economic impact of world petroleum use. NewGen is developing the cleanest burning and highest performing fuels in the world by utilizing its own proprietary products and other technology.
The vision of NewGen and ReFuel America, NewGen's wholly-owned U.S. subsidiary and brand, is a world less dependent on oil, using secure, renewable, homegrown fuels which better preserve our most important resources - the air we breathe and water we drink.
Additional information can be found at the company's websites - www.newgenholdings.com & www.refuelamerica.com.
Investor Information - To request investor information and receive company news updates, visit our website at: http://www.b2i.us/irpass.asp?BzID=1316&to=ea&s=0.
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.
Titan Global Holdings Announces Exclusive Biofuels Supply Agreement with NewGen Technologies
Wednesday July 25, 12:01 am ET
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.
ADVERTISEMENT
Under the terms of the agreement, following the completion of the Appco acquisition agreement, Titan will enter into a contract with NewGen for a term of 10 years providing Refuel America, Inc., a wholly owned subsidiary of NewGen, with the exclusive right to supply biofuel products to Appco or its affiliates at the then prevailing market price for such biofuel products at the time an order was placed ("Supply Contract"). Each of Appco (or its affiliates) and Refuel America, Inc., will be permitted to terminate the Supply Contract solely with cause upon 60 days' prior notice.
The recent formation of Titan Energy Group further validates Titan's strategic vision for creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company. Titan Energy Group, capitalizing on earnings opportunities within the energy sector, has been formed to aggregate undervalued assets which can provide significant opportunities for revenue and earnings growth.
As a result of today's agreement, in exchange for reimbursement of certain Appco-related expenses, NewGen has agreed to assist Titan in the closing of the Appco acquisition, including but not limited to, the sharing of due diligence material, the transfer of professional work product, and other reasonable assistance Titan may request of NewGen.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network that generated $403 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenient store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"This agreement is a classic win-win proposition for Titan and NewGen," said David Marks, Chairman of Titan Global Holdings. "Titan's initiatives in the energy sector are consistent with Titan's unwavering commitment to the creation of shareholder value. This agreement leverages our financial and management strength with the biofuel know-how of NewGen."
Mr. Marks, Frank Crivello and their affiliated investors are minority shareholders in NewGen.
"NewGen's biofuel expertise will enable us to exploit opportunities to increase margins at Appco," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "Titan's senior management is firmly committed to building on that success through the execution of a strategic plan to similarly increase revenues and earnings in the dynamic energy sector."
"Our strategic biofuel agreement with Titan is a strong first-step agreement for NewGen and Titan," said S. Bruce Wunner, Chairman and CEO of NewGen. "Titan can leverage its financial strength with our expertise and ability to exploit opportunities in the alternative energy space which we understand well. The agreement will provide us with the exclusive right to supply biofuels to Appco, which was a synergy we coveted when we initially bid for Appco. I look forward to working with Bryan and his team. We are exploring other strategic biofuel opportunities with Titan."
Appco's strong revenue base and storied 84-year history provides Titan with an ideal platform company for further expansion of its energy efforts. Furthermore, Appco's management team has more than 125 years experience in the petroleum and convenience store industry. Titan will preserve and leverage Appco's industry-leading management team.
About Titan Global Holdings, Inc.
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) 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'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.
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.
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.
About NewGen Technologies, Inc.
NewGen's mission is to be the leading global vertically integrated (Fields-to-Wheels) manufacturer and distributor of premium biofuels and hydrocarbon blends that are intended to dramatically reduce the environmental and economic impact of world petroleum use. NewGen is developing the cleanest burning and highest performing fuels in the world by utilizing its own proprietary products and other technology.
The vision of NewGen and ReFuel America, NewGen's wholly-owned U.S. subsidiary and brand, is a world less dependent on oil, using secure, renewable, homegrown fuels which better preserve our most important resources - the air we breathe and water we drink.
Additional information can be found at the company's websites - www.newgenholdings.com & www.refuelamerica.com.
Investor Information - To request investor information and receive company news updates, visit our website at: http://www.b2i.us/irpass.asp?BzID=1316&to=ea&s=0.
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.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Investor Conference Call on July 26 to Discuss Formation of Titan Energy Group and Milestone Appco Acquisition
Tuesday July 24, 12:00 pm ET
CEO to Define Titan's Strategic Plan for Aggregating Undervalued Assets in Dynamic Energy Sector
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, will hold an investor conference call on July 26, 2007, at 12 noon Eastern, to discuss the Company's recently announced formation of Titan Energy Group, a new division engaged in the acquisition and management of complementary energy sector assets.
During the conference call, Bryan Chance, Chief Executive Officer of Titan Global Holdings, will also discuss Titan Energy Group's initial acquisition in the sector, Appalachian Oil Company (Appco). Appco is a privately held petroleum company that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006.
"Titan has officially entered the energy sector and I would like to use this conference call as a forum to define our plan to vigorously compete in this exciting and dynamic industry," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "Titan's senior management could not be more excited about these latest developments and believe that we are now entering a new period of unprecedented growth."
The formation of Titan Energy Group further validates the Company's strategic vision for creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company.
Callers within the United States can access the conference call by calling (800) 288-9626; when prompted tell the operator you would like to connect to the 'Titan Global Holdings conference call.' International callers can dial (612) 332-0634. An online audio web simulcast of the call will also be accessible at http://www.trilogy-capital.com/tcp/titan/." target="_blank" rel="nofollow ugc noopener">http://www.trilogy-capital.com/tcp/titan/.
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets and advanced technologies. In its last fiscal year Titan generated in excess of $109 million in revenues on a consolidated basis.
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.
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.
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.
Titan Global Holdings Announces Investor Conference Call on July 26 to Discuss Formation of Titan Energy Group and Milestone Appco Acquisition
Tuesday July 24, 12:00 pm ET
CEO to Define Titan's Strategic Plan for Aggregating Undervalued Assets in Dynamic Energy Sector
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, will hold an investor conference call on July 26, 2007, at 12 noon Eastern, to discuss the Company's recently announced formation of Titan Energy Group, a new division engaged in the acquisition and management of complementary energy sector assets.
During the conference call, Bryan Chance, Chief Executive Officer of Titan Global Holdings, will also discuss Titan Energy Group's initial acquisition in the sector, Appalachian Oil Company (Appco). Appco is a privately held petroleum company that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006.
"Titan has officially entered the energy sector and I would like to use this conference call as a forum to define our plan to vigorously compete in this exciting and dynamic industry," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "Titan's senior management could not be more excited about these latest developments and believe that we are now entering a new period of unprecedented growth."
The formation of Titan Energy Group further validates the Company's strategic vision for creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company.
Callers within the United States can access the conference call by calling (800) 288-9626; when prompted tell the operator you would like to connect to the 'Titan Global Holdings conference call.' International callers can dial (612) 332-0634. An online audio web simulcast of the call will also be accessible at http://www.trilogy-capital.com/tcp/titan/." target="_blank" rel="nofollow ugc noopener">http://www.trilogy-capital.com/tcp/titan/.
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets and advanced technologies. In its last fiscal year Titan generated in excess of $109 million in revenues on a consolidated basis.
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.
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.
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.
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
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), 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.
The forecasted growth also reflects the continued expansion of Titan's Communications division and technology portfolio of companies, through both internal growth and growth achieved through acquisitions.
"Titan's record revenue guidance is a direct reflection of our firm commitment to consistently delivering exceptional shareholder value through a diversified selection of high growth portfolio companies," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "Based on our planned acquisition of Appco, the formation of Titan Global Energy, as well as continued growth from our Communications division and the acceleration of operations from our Electronics and Homeland Security division, we anticipate record growth for fiscal year 2008 and well beyond."
The Appco acquisition is anticipated to close no later than September 2007, subject to completion of definitive financing documents and other customary closing conditions. Titan has already entered into a letter of understanding with Greystone Business Credit II with respect to the financing of the acquisition.
Titan Global Energy Division—Projected Revenues: $400 Million
Titan recently formed Titan Global Energy, a division engaged in the acquisition and management of complementary energy sector assets. Titan Global Energy Group, capitalizing on earnings opportunities within the energy sector, has been formed to aggregate energy assets which can provide significant opportunities for revenue and earnings growth.
Titan Energy Group recently announced the execution of a definitive purchase agreement to acquire Appalachian Oil Company, a privately-held company that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"Appco gives us an ideal platform from which to make significant additional acquisitions as we expand into the dynamic energy sector," said Mr. Chance. "The revenue forecast for this division is based upon Appco's current operations and market conditions in the energy sector. We will continue to identify and pursue complimentary assets to Appco to increase revenues. Additionally, we will work diligently with our supplier partners to lead our markets in the introduction and acceptance of biofuels and other products as well."
Titan Communications Division—Projected Revenues: $155 Million
Titan's Communications division is comprised of Oblio Telecom (distribution), Starttalk (international network operations), Titan Wireless (wireless operations) and Pinless (e-commerce applications). During the fourth quarter of fiscal year 2006 the Communications division achieved the significant milestone of moving all international traffic through internal switch operations. This achievement positions the company to continue its accelerated growth in fiscal 2008 with more rapid delivery of new products and more efficient call termination options. The Company also strengthened its vast distribution network extending its reach to over 65,000 retail outlets with the acquisition of Ready Mobile in May 2007. The Communications division generated $89 million in revenues in 2006 and has generated over $80 million in revenues for the nine months ended May 31, 2007.
"We are very pleased with the continued growth of our communications division and believe that it stands on its own as a driver of shareholder value," said Kurt Jensen, President and Chief Executive Officer of Titan Communications. "We continue to expand market share with and through strategic acquisitions such as Ready Mobile. The future looks very bright for our communications division and its continued growth is a priority for our senior management team."
Titan Electronics and Homeland Security—Projected Revenues: $25 Million
Titan's Electronics and Homeland Security division specializes in advanced manufacturing processes to provide quick-turn delivery of printed circuit board prototypes for high-margin markets including Homeland Security and leading high-tech clients. Additionally, Titan PCB East is Military 31032/55110 Certified, providing critical top certification for Homeland Security and military developers and contractors. This division was EBITDA and cash flow positive in Q3 2006 and Q4 2006 with record bookings in September 2006, the first month of Titan's fiscal 2007.
Titan's Electronics and Homeland Security division generated a record $20 million in revenues in 2006 and is expected to generate approximately $23 million in fiscal 2007 . "Our team continues to increase market share and improve efficiencies," stated Curtis Okumura, President and CEO of Titan's Electronics and Homeland Security Division. "During fiscal 2008, we expect to continue the growth trajectory by continuing to add geographic markets, increasing our offerings in the robust defense sector and improving the turn time of our quick turn products."
Titan has reported that the Company's Board of Directors has authorized a definitive strategic plan to spin-off Titan's Printed Circuit Board ("Titan PCB") manufacturing business to its shareholders, creating a new, more strategic independent public entity. The spin-off allows the Company to accelerate strategic transaction flow at all divisions which will significantly build overall shareholder value. It is expected that the spin-off will be completed during our second fiscal quarter.
Corporate Summary
"We are very pleased by the exceptional performance of Titan's management team and with their ability to expand into new and exciting markets as a means to building shareholder value," said David Marks, Chairman of Titan Global Holdings. "We remain focused on expanding revenue and EBITDA through organic growth and acquisitions that represent and deliver a clear value proposition for our shareholders."
Company's Forecast Reflects Launch of Titan Global Energy and Acquisition of $400 Million Appalachian Oil with Continued Success of Communications Division
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), 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.
The forecasted growth also reflects the continued expansion of Titan's Communications division and technology portfolio of companies, through both internal growth and growth achieved through acquisitions.
"Titan's record revenue guidance is a direct reflection of our firm commitment to consistently delivering exceptional shareholder value through a diversified selection of high growth portfolio companies," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "Based on our planned acquisition of Appco, the formation of Titan Global Energy, as well as continued growth from our Communications division and the acceleration of operations from our Electronics and Homeland Security division, we anticipate record growth for fiscal year 2008 and well beyond."
The Appco acquisition is anticipated to close no later than September 2007, subject to completion of definitive financing documents and other customary closing conditions. Titan has already entered into a letter of understanding with Greystone Business Credit II with respect to the financing of the acquisition.
Titan Global Energy Division—Projected Revenues: $400 Million
Titan recently formed Titan Global Energy, a division engaged in the acquisition and management of complementary energy sector assets. Titan Global Energy Group, capitalizing on earnings opportunities within the energy sector, has been formed to aggregate energy assets which can provide significant opportunities for revenue and earnings growth.
Titan Energy Group recently announced the execution of a definitive purchase agreement to acquire Appalachian Oil Company, a privately-held company that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"Appco gives us an ideal platform from which to make significant additional acquisitions as we expand into the dynamic energy sector," said Mr. Chance. "The revenue forecast for this division is based upon Appco's current operations and market conditions in the energy sector. We will continue to identify and pursue complimentary assets to Appco to increase revenues. Additionally, we will work diligently with our supplier partners to lead our markets in the introduction and acceptance of biofuels and other products as well."
Titan Communications Division—Projected Revenues: $155 Million
Titan's Communications division is comprised of Oblio Telecom (distribution), Starttalk (international network operations), Titan Wireless (wireless operations) and Pinless (e-commerce applications). During the fourth quarter of fiscal year 2006 the Communications division achieved the significant milestone of moving all international traffic through internal switch operations. This achievement positions the company to continue its accelerated growth in fiscal 2008 with more rapid delivery of new products and more efficient call termination options. The Company also strengthened its vast distribution network extending its reach to over 65,000 retail outlets with the acquisition of Ready Mobile in May 2007. The Communications division generated $89 million in revenues in 2006 and has generated over $80 million in revenues for the nine months ended May 31, 2007.
"We are very pleased with the continued growth of our communications division and believe that it stands on its own as a driver of shareholder value," said Kurt Jensen, President and Chief Executive Officer of Titan Communications. "We continue to expand market share with and through strategic acquisitions such as Ready Mobile. The future looks very bright for our communications division and its continued growth is a priority for our senior management team."
Titan Electronics and Homeland Security—Projected Revenues: $25 Million
Titan's Electronics and Homeland Security division specializes in advanced manufacturing processes to provide quick-turn delivery of printed circuit board prototypes for high-margin markets including Homeland Security and leading high-tech clients. Additionally, Titan PCB East is Military 31032/55110 Certified, providing critical top certification for Homeland Security and military developers and contractors. This division was EBITDA and cash flow positive in Q3 2006 and Q4 2006 with record bookings in September 2006, the first month of Titan's fiscal 2007.
Titan's Electronics and Homeland Security division generated a record $20 million in revenues in 2006 and is expected to generate approximately $23 million in fiscal 2007 . "Our team continues to increase market share and improve efficiencies," stated Curtis Okumura, President and CEO of Titan's Electronics and Homeland Security Division. "During fiscal 2008, we expect to continue the growth trajectory by continuing to add geographic markets, increasing our offerings in the robust defense sector and improving the turn time of our quick turn products."
Titan has reported that the Company's Board of Directors has authorized a definitive strategic plan to spin-off Titan's Printed Circuit Board ("Titan PCB") manufacturing business to its shareholders, creating a new, more strategic independent public entity. The spin-off allows the Company to accelerate strategic transaction flow at all divisions which will significantly build overall shareholder value. It is expected that the spin-off will be completed during our second fiscal quarter.
Corporate Summary
"We are very pleased by the exceptional performance of Titan's management team and with their ability to expand into new and exciting markets as a means to building shareholder value," said David Marks, Chairman of Titan Global Holdings. "We remain focused on expanding revenue and EBITDA through organic growth and acquisitions that represent and deliver a clear value proposition for our shareholders."
Titan Global Holdings Nears Milestone in Announced Four Million Share Open Market Buy Back Plan
Wednesday August 1, 3:30 am ET
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.
Titan has made these purchases consistent with SEC regulations, including exclusionary black-out periods which have been immediately before the reporting of its Form Q and included the recent weeks before Titan announced its definitive purchase agreement to acquire Appalachian Oil Company.
"Titan's management, directors, and strategic investors continue to view our share price as a compelling value proposition," said David Marks, Chairman of Titan Global Holdings. "Notwithstanding SEC rules that limited our ability to repurchase shares over the last ten weeks, we are pleased to near the milestone of the repurchase of one-half of one million shares. We intend to make additional open market purchases consistent with SEC rules."
As of July 31, 2007, Titan had in excess of 2,000 shareholders. On July 31, 2007 Titan's stock closed at $1.28 per share. Titan's stock reached its 52 week high of $1.49 per share on March 8, 2007.
"Titan's metrics have been exceptional with sequential quarterly increases in revenues, EBITDA and earnings," said 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."
Pursuant to SEC regulations 10b-18, the maximum price Titan can pay per share is the greater of the highest independent bid or the last independent transaction price quoted or reported; as for the daily quantity of shares purchased, the daily limit is 25% of the average daily volume for the preceding four week period. Finally, once per week, Titan can forego the quantity limit defined above and make one block purchase of an unlimited size up to the unfilled balance of its approved buy back plan. A block is defined as a purchase price of $200,000 or more or at least 5,000 shares and a price of at least $50,000, or at least 20 round lots that totals 150% or more of the trading volume.
As Titan makes open market purchases, after settlement, such shares will be cancelled and the shares outstanding will be reduced. These purchases will be reported in Titan's Form 10-QSB and Form 10-KSB filed with SEC.
Consistent with Titan's previously announced policy, in addition to any share ownership disclosure that is legally required by the Securities and Exchange Commission, Titan will announce from time to time the aggregate ownership of its key management, directors and strategic investors in an effort to provide complete transparency to all stockholders.
About Titan Global Holdings, Inc.
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) 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'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.
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.
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.
About NewGen Technologies, Inc.
NewGen's mission is to be the leading global vertically integrated (Fields-to-Wheels) manufacturer and distributor of premium biofuels and hydrocarbon blends that are intended to dramatically reduce the environmental and economic impact of world petroleum use. NewGen is developing the cleanest burning and highest performing fuels in the world by utilizing its own proprietary products and other technology.
The vision of NewGen and ReFuel America, NewGen's wholly-owned U.S. subsidiary and brand, is a world less dependent on oil, using secure, renewable, homegrown fuels which better preserve our most important resources - the air we breathe and water we drink.
Additional information can be found at the company's websites - www.newgenholdings.com & www.refuelamerica.com.
Investor Information - To request investor information and receive company news updates, visit our website at: http://www.b2i.us/irpass.asp?BzID=1316&to=ea&s=0.
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.
http://biz.yahoo.com/bw/070801/20070801005411.html?.v=1&prin…
Wednesday August 1, 3:30 am ET
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.
Titan has made these purchases consistent with SEC regulations, including exclusionary black-out periods which have been immediately before the reporting of its Form Q and included the recent weeks before Titan announced its definitive purchase agreement to acquire Appalachian Oil Company.
"Titan's management, directors, and strategic investors continue to view our share price as a compelling value proposition," said David Marks, Chairman of Titan Global Holdings. "Notwithstanding SEC rules that limited our ability to repurchase shares over the last ten weeks, we are pleased to near the milestone of the repurchase of one-half of one million shares. We intend to make additional open market purchases consistent with SEC rules."
As of July 31, 2007, Titan had in excess of 2,000 shareholders. On July 31, 2007 Titan's stock closed at $1.28 per share. Titan's stock reached its 52 week high of $1.49 per share on March 8, 2007.
"Titan's metrics have been exceptional with sequential quarterly increases in revenues, EBITDA and earnings," said 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."
Pursuant to SEC regulations 10b-18, the maximum price Titan can pay per share is the greater of the highest independent bid or the last independent transaction price quoted or reported; as for the daily quantity of shares purchased, the daily limit is 25% of the average daily volume for the preceding four week period. Finally, once per week, Titan can forego the quantity limit defined above and make one block purchase of an unlimited size up to the unfilled balance of its approved buy back plan. A block is defined as a purchase price of $200,000 or more or at least 5,000 shares and a price of at least $50,000, or at least 20 round lots that totals 150% or more of the trading volume.
As Titan makes open market purchases, after settlement, such shares will be cancelled and the shares outstanding will be reduced. These purchases will be reported in Titan's Form 10-QSB and Form 10-KSB filed with SEC.
Consistent with Titan's previously announced policy, in addition to any share ownership disclosure that is legally required by the Securities and Exchange Commission, Titan will announce from time to time the aggregate ownership of its key management, directors and strategic investors in an effort to provide complete transparency to all stockholders.
About Titan Global Holdings, Inc.
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) 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'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.
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.
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.
About NewGen Technologies, Inc.
NewGen's mission is to be the leading global vertically integrated (Fields-to-Wheels) manufacturer and distributor of premium biofuels and hydrocarbon blends that are intended to dramatically reduce the environmental and economic impact of world petroleum use. NewGen is developing the cleanest burning and highest performing fuels in the world by utilizing its own proprietary products and other technology.
The vision of NewGen and ReFuel America, NewGen's wholly-owned U.S. subsidiary and brand, is a world less dependent on oil, using secure, renewable, homegrown fuels which better preserve our most important resources - the air we breathe and water we drink.
Additional information can be found at the company's websites - www.newgenholdings.com & www.refuelamerica.com.
Investor Information - To request investor information and receive company news updates, visit our website at: http://www.b2i.us/irpass.asp?BzID=1316&to=ea&s=0.
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.
http://biz.yahoo.com/bw/070801/20070801005411.html?.v=1&prin…
Titan Global Holdings Announces Projected Record Results for Electronics and Homeland Security Division
Company to Continue Leveraging Growth from All Divisions to Create a High-Growth Diversified Portfolio of Assets and Companies
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced successive quarterly revenue gain for the Company's Electronics and Homeland Security division. The Company has reported projected revenues in excess of $7 million for the fourth fiscal quarter of 2007, a 15% increase from the division's third fiscal quarter of 2007.
"The PCB business units continue to expand their market share in an ever-evolving market," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "We have gained operational efficiencies and reduced operating costs and lead times during this surge of revenues. Our sales team, led by Mike Kadlec and Saul Kennedy, has added over 90 new customers in the first six months of 2007. Mike Berg and the team at PCB East increased shipments and revenues more than 60% in June 2007 and kept selling, general and administrative costs constant. This will result in improved profitability in the division."
"Performance gains in our business units continue to strengthen Titan Global Holdings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "These improvements coupled with the successes in our communications division enable the company to acquire assets in new, dynamic sectors such as energy. We look forward to continued earnings growth in our existing business units and the forthcoming addition of Appalachian Oil Company (Appco) in fiscal 2008."
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.
Company to Continue Leveraging Growth from All Divisions to Create a High-Growth Diversified Portfolio of Assets and Companies
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced successive quarterly revenue gain for the Company's Electronics and Homeland Security division. The Company has reported projected revenues in excess of $7 million for the fourth fiscal quarter of 2007, a 15% increase from the division's third fiscal quarter of 2007.
"The PCB business units continue to expand their market share in an ever-evolving market," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "We have gained operational efficiencies and reduced operating costs and lead times during this surge of revenues. Our sales team, led by Mike Kadlec and Saul Kennedy, has added over 90 new customers in the first six months of 2007. Mike Berg and the team at PCB East increased shipments and revenues more than 60% in June 2007 and kept selling, general and administrative costs constant. This will result in improved profitability in the division."
"Performance gains in our business units continue to strengthen Titan Global Holdings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "These improvements coupled with the successes in our communications division enable the company to acquire assets in new, dynamic sectors such as energy. We look forward to continued earnings growth in our existing business units and the forthcoming addition of Appalachian Oil Company (Appco) in fiscal 2008."
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.
Titan Global Holdings Announces Projected Record Results for Electronics and Homeland Security Division
Friday August 3, 8:39 am ET
Company to Continue Leveraging Growth from All Divisions to Create a High-Growth Diversified Portfolio of Assets and Companies
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced successive quarterly revenue gain for the Company's Electronics and Homeland Security division. The Company has reported projected revenues in excess of $7 million for the fourth fiscal quarter of 2007, a 15% increase from the division's third fiscal quarter of 2007.
"The PCB business units continue to expand their market share in an ever-evolving market," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "We have gained operational efficiencies and reduced operating costs and lead times during this surge of revenues. Our sales team, led by Mike Kadlec and Saul Kennedy, has added over 90 new customers in the first six months of 2007. Mike Berg and the team at PCB East increased shipments and revenues more than 60% in June 2007 and kept selling, general and administrative costs constant. This will result in improved profitability in the division."
"Performance gains in our business units continue to strengthen Titan Global Holdings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "These improvements coupled with the successes in our communications division enable the company to acquire assets in new, dynamic sectors such as energy. We look forward to continued earnings growth in our existing business units and the forthcoming addition of Appalachian Oil Company (Appco) in fiscal 2008."
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.
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets and advanced technologies. In its last fiscal year Titan generated in excess of $109 million in revenues on a consolidated basis.
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.
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.
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.
http://biz.yahoo.com/bw/070803/20070803005285.html?.v=1&prin…
Friday August 3, 8:39 am ET
Company to Continue Leveraging Growth from All Divisions to Create a High-Growth Diversified Portfolio of Assets and Companies
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced successive quarterly revenue gain for the Company's Electronics and Homeland Security division. The Company has reported projected revenues in excess of $7 million for the fourth fiscal quarter of 2007, a 15% increase from the division's third fiscal quarter of 2007.
"The PCB business units continue to expand their market share in an ever-evolving market," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "We have gained operational efficiencies and reduced operating costs and lead times during this surge of revenues. Our sales team, led by Mike Kadlec and Saul Kennedy, has added over 90 new customers in the first six months of 2007. Mike Berg and the team at PCB East increased shipments and revenues more than 60% in June 2007 and kept selling, general and administrative costs constant. This will result in improved profitability in the division."
"Performance gains in our business units continue to strengthen Titan Global Holdings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "These improvements coupled with the successes in our communications division enable the company to acquire assets in new, dynamic sectors such as energy. We look forward to continued earnings growth in our existing business units and the forthcoming addition of Appalachian Oil Company (Appco) in fiscal 2008."
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.
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets and advanced technologies. In its last fiscal year Titan generated in excess of $109 million in revenues on a consolidated basis.
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.
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.
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.
http://biz.yahoo.com/bw/070803/20070803005285.html?.v=1&prin…
Titan Global Holdings Reports Financial Due Diligence on Strategic Acquisition Appalachian Oil Company
Titan Announces Strategic Plan for Increasing Appco's Projected Revenues of More Than $410 Million for Fiscal 2007
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high-growth diversified holding company, announced certain results of its financial due diligence of Appalachian Oil Company, Inc. ("Appco"), an established petroleum product distribution company that it recently agreed to acquire. Appco is the first acquisition of the Company's recently formed Titan Energy Group, which has been formed to aggregate energy assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to compliment Appco's existing retail and wholesale distribution footprint.
According to Titan's ongoing financial due diligence, Appco will generate record revenues in excess of $410 million with increased positive cash flow for the fiscal year ended September 30, 2007. Appco generated $403 million in revenue and was also positive cash flow in its fiscal year 2006.
"While ongoing, our financial due diligence continues to prove that Appco is an ideal first acquisition for our recently formed energy division dedicated to acquiring energy assets with significant and immediate opportunities for revenue and earnings growth," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "We are looking forward to working closely with Appco's management team and provide them with the strategic and financial wherewithal to exploit Appco's opportunities in the immediate future. Ultimately, each of these strategies is solely intended to continue building value for our shareholders."
With respect to its fiscal 2008, Titan projects Appco will maintain or grow revenue from $410 million, and generate stronger cash flow and margins as it increases the distribution of biofuels through its established distribution channels. The extent of the improvement in Appco's cash flow and margins will be, among other things, subject to the availability and deployment of such biofuels. Titan's management is confident that it is poised to exploit the opportunities to distribute biofuels and improve Appco's cash flow and margins.
Titan intends to further Appco's penetration into biofuels through the distribution of bio-diesel products. These strategies will, in turn, increase Appco's margins while protecting and preserving our environment.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenient store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"With the Appco acquisition we aggregated a solid management team and the necessary funding to established distribution channels that secured access to with an established infrastructure to successfully distribute such products," said David Marks, Chairman of Titan Global Holdings. "Appco has a history of consistent profitability. Through strategic agreements, we have secured a source of biofuels for distribution. Given its footprint, we believe Appco's revenue and EBIDTA will grow as we market biofuels through its established retail and wholesale distribution channels."
"Appco and its talented management provide Titan with a solid foundation for its entrance to the energy sector," said Scott Hensell, Chief Financial Officer of Titan Global Holdings. "With this solid foundation, we will expand biofuels into its retail and wholesale distribution channels, growing revenue, margins, and its EBIDTA. In the next month we will further update our consolidated revenue and EBIDTA guidance for our fiscal 2008."
Titan Announces Strategic Plan for Increasing Appco's Projected Revenues of More Than $410 Million for Fiscal 2007
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high-growth diversified holding company, announced certain results of its financial due diligence of Appalachian Oil Company, Inc. ("Appco"), an established petroleum product distribution company that it recently agreed to acquire. Appco is the first acquisition of the Company's recently formed Titan Energy Group, which has been formed to aggregate energy assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to compliment Appco's existing retail and wholesale distribution footprint.
According to Titan's ongoing financial due diligence, Appco will generate record revenues in excess of $410 million with increased positive cash flow for the fiscal year ended September 30, 2007. Appco generated $403 million in revenue and was also positive cash flow in its fiscal year 2006.
"While ongoing, our financial due diligence continues to prove that Appco is an ideal first acquisition for our recently formed energy division dedicated to acquiring energy assets with significant and immediate opportunities for revenue and earnings growth," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "We are looking forward to working closely with Appco's management team and provide them with the strategic and financial wherewithal to exploit Appco's opportunities in the immediate future. Ultimately, each of these strategies is solely intended to continue building value for our shareholders."
With respect to its fiscal 2008, Titan projects Appco will maintain or grow revenue from $410 million, and generate stronger cash flow and margins as it increases the distribution of biofuels through its established distribution channels. The extent of the improvement in Appco's cash flow and margins will be, among other things, subject to the availability and deployment of such biofuels. Titan's management is confident that it is poised to exploit the opportunities to distribute biofuels and improve Appco's cash flow and margins.
Titan intends to further Appco's penetration into biofuels through the distribution of bio-diesel products. These strategies will, in turn, increase Appco's margins while protecting and preserving our environment.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenient store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"With the Appco acquisition we aggregated a solid management team and the necessary funding to established distribution channels that secured access to with an established infrastructure to successfully distribute such products," said David Marks, Chairman of Titan Global Holdings. "Appco has a history of consistent profitability. Through strategic agreements, we have secured a source of biofuels for distribution. Given its footprint, we believe Appco's revenue and EBIDTA will grow as we market biofuels through its established retail and wholesale distribution channels."
"Appco and its talented management provide Titan with a solid foundation for its entrance to the energy sector," said Scott Hensell, Chief Financial Officer of Titan Global Holdings. "With this solid foundation, we will expand biofuels into its retail and wholesale distribution channels, growing revenue, margins, and its EBIDTA. In the next month we will further update our consolidated revenue and EBIDTA guidance for our fiscal 2008."
Titan Global Holdings Announces Strategic Initiatives to Accelerate Growth of Titan Global Energy
Company Maintains Course of Driving Shareholder Value with Aggressive Expansion into High-Growth Energy Sector
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today released Titan Global Energy's Strategic Initiatives for fiscal 2008 following the milestone acquisition of Appalachian Oil Company ("Appco"). This announcement was made by Bryan Chance, President and Chief Executive Officer of Titan Global Holdings.
Titan's mission is to identify and acquire operating businesses that provide significant and immediate opportunities for growth under Titan's holding company corporate structure. These efforts began in early 2005 with the acquisition of Oblio Telecom and Titan's entry into the communications sector. Given the scale of the Oblio acquisition, Titan's strategic equity investors were able to attract and assemble an industry-leading senior management team to execute upon these and future opportunities.
Titan's seasoned management team has successfully executed upon Titan's growth strategy mission through the expansion of its subsidiary operations into several multibillion dollar sectors. These sectors include manufacturing, technology, homeland security, communications, consumer products with wide-based distribution, and now energy. The Company's bold entry into the energy sector will provide a more than 500% increase in revenues for 2008.
Titan has set forth a clear, three-part strategic plan for expanding upon its initial acquisition in the energy sector:
1. Secure the supply of biofuels products through strategic agreements
and acquisitions that will enhance core profitability at wholesale
and retail distribution, as well as environmental responsibility in
the markets we serve.
2. Seek opportunities through Titan Global Energy to vertically
integrate and increase our leverage and position in the energy
product life cycle.
3. Expand the markets we serve through acquisitions and organic growth
in contiguous markets.
"Our board of directors, strategic equity investors and management team has thoughtfully developed a dynamic plan to provide an exponential return on our initial investment in the energy sector," said Mr. Chance. "I invite our shareholders and prospective shareholders to carefully review our plans in the energy sector in light of our past successes in other sectors. We are committed to rapidly increasing shareholder value and believe Titan Global Energy will generate strong returns in future years."
Strategic Initiative 1— Secure supply of biofuels products through strategic agreements and acquisitions that will enhance profitability, as well as environmental responsibility in the markets we serve.
Titan Global Energy Group will be a leading source of fuel products in East Tennessee, Southwest Virginia and Kentucky with the purchase of Appco, which is expected to close in September 2007. The commitment to our shareholders drives us to provide more environmentally efficient solutions that also produce a greater financial return. As such, we are committed to increasing our distribution of biofuels products to include more ethanol blended products and biodiesel products. We plan to increase our access and distribution of biofuels products over 10% in fiscal year 2008.
Our strategic equity investors and management team are pursuing strategic supply agreements to increase our access to these biofuel products.
Strategic Initiative 2— Seek opportunities through Titan Global Energy to vertically integrate and increase our leverage and position in the energy product life cycle.
With the anticipated purchase of Appco, Titan Global Energy will have strategic relationships with terminal operators that provide reliable access to the necessary fuels to supply its customers. During fiscal year 2008 and beyond, we will seek opportunities to expand our vertical integration efforts to add strategic relationships or acquisitions of such assets that further vertically integrate our efforts. With our seasoned sales team at Appco, we believe that we can rapidly increase the demand to outpace our planned increases in such supply.
Our strategic equity investors and management team are pursuing the strategic acquisition of domestic natural resources to upstream into Titan's distribution channels.
Strategic Initiative 3— Expand the markets we serve through acquisitions and organic growth in contiguous markets.
Concurrent with the formation of Titan Global Energy, the Company announced the execution of a definitive purchase agreement to acquire 100% of the outstanding stock of Appco, representing the Company's initial acquisition in the sector. Appco is a privately held petroleum company that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006.
Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
Appco's strong revenue base and storied 84-year history provides Titan with an ideal platform company for further expansion of its energy efforts. Furthermore, Titan will preserve and leverage Appco's industry-leading management team, which has more than 125 years experience in the petroleum and convenience store industry.
The Company also plans on making Appco a market leader in the distribution of bio-diesel and ethanol products that help preserve the environment, preserve the diminishing supply of natural resources, and produce a higher return to our shareholders.
Summary
Titan is a diversified holding company that optimizes the risk/reward profile of its business model by developing multiple revenue streams by targeting under utilized assets in the manufacturing, technology, homeland security, communications, consumer products with wide based distribution, and now energy.
Titan will grow Titan Global Energy by leveraging the existing Appco operation through the continued accumulation of market share and growth in other contiguous markets in the Southeast. As well, Titan plans to acquire complimentary assets in the energy sector that will strengthen Appco's distribution, improve vertical integration and increase access to valuable natural resources.
Company Maintains Course of Driving Shareholder Value with Aggressive Expansion into High-Growth Energy Sector
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today released Titan Global Energy's Strategic Initiatives for fiscal 2008 following the milestone acquisition of Appalachian Oil Company ("Appco"). This announcement was made by Bryan Chance, President and Chief Executive Officer of Titan Global Holdings.
Titan's mission is to identify and acquire operating businesses that provide significant and immediate opportunities for growth under Titan's holding company corporate structure. These efforts began in early 2005 with the acquisition of Oblio Telecom and Titan's entry into the communications sector. Given the scale of the Oblio acquisition, Titan's strategic equity investors were able to attract and assemble an industry-leading senior management team to execute upon these and future opportunities.
Titan's seasoned management team has successfully executed upon Titan's growth strategy mission through the expansion of its subsidiary operations into several multibillion dollar sectors. These sectors include manufacturing, technology, homeland security, communications, consumer products with wide-based distribution, and now energy. The Company's bold entry into the energy sector will provide a more than 500% increase in revenues for 2008.
Titan has set forth a clear, three-part strategic plan for expanding upon its initial acquisition in the energy sector:
1. Secure the supply of biofuels products through strategic agreements
and acquisitions that will enhance core profitability at wholesale
and retail distribution, as well as environmental responsibility in
the markets we serve.
2. Seek opportunities through Titan Global Energy to vertically
integrate and increase our leverage and position in the energy
product life cycle.
3. Expand the markets we serve through acquisitions and organic growth
in contiguous markets.
"Our board of directors, strategic equity investors and management team has thoughtfully developed a dynamic plan to provide an exponential return on our initial investment in the energy sector," said Mr. Chance. "I invite our shareholders and prospective shareholders to carefully review our plans in the energy sector in light of our past successes in other sectors. We are committed to rapidly increasing shareholder value and believe Titan Global Energy will generate strong returns in future years."
Strategic Initiative 1— Secure supply of biofuels products through strategic agreements and acquisitions that will enhance profitability, as well as environmental responsibility in the markets we serve.
Titan Global Energy Group will be a leading source of fuel products in East Tennessee, Southwest Virginia and Kentucky with the purchase of Appco, which is expected to close in September 2007. The commitment to our shareholders drives us to provide more environmentally efficient solutions that also produce a greater financial return. As such, we are committed to increasing our distribution of biofuels products to include more ethanol blended products and biodiesel products. We plan to increase our access and distribution of biofuels products over 10% in fiscal year 2008.
Our strategic equity investors and management team are pursuing strategic supply agreements to increase our access to these biofuel products.
Strategic Initiative 2— Seek opportunities through Titan Global Energy to vertically integrate and increase our leverage and position in the energy product life cycle.
With the anticipated purchase of Appco, Titan Global Energy will have strategic relationships with terminal operators that provide reliable access to the necessary fuels to supply its customers. During fiscal year 2008 and beyond, we will seek opportunities to expand our vertical integration efforts to add strategic relationships or acquisitions of such assets that further vertically integrate our efforts. With our seasoned sales team at Appco, we believe that we can rapidly increase the demand to outpace our planned increases in such supply.
Our strategic equity investors and management team are pursuing the strategic acquisition of domestic natural resources to upstream into Titan's distribution channels.
Strategic Initiative 3— Expand the markets we serve through acquisitions and organic growth in contiguous markets.
Concurrent with the formation of Titan Global Energy, the Company announced the execution of a definitive purchase agreement to acquire 100% of the outstanding stock of Appco, representing the Company's initial acquisition in the sector. Appco is a privately held petroleum company that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006.
Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
Appco's strong revenue base and storied 84-year history provides Titan with an ideal platform company for further expansion of its energy efforts. Furthermore, Titan will preserve and leverage Appco's industry-leading management team, which has more than 125 years experience in the petroleum and convenience store industry.
The Company also plans on making Appco a market leader in the distribution of bio-diesel and ethanol products that help preserve the environment, preserve the diminishing supply of natural resources, and produce a higher return to our shareholders.
Summary
Titan is a diversified holding company that optimizes the risk/reward profile of its business model by developing multiple revenue streams by targeting under utilized assets in the manufacturing, technology, homeland security, communications, consumer products with wide based distribution, and now energy.
Titan will grow Titan Global Energy by leveraging the existing Appco operation through the continued accumulation of market share and growth in other contiguous markets in the Southeast. As well, Titan plans to acquire complimentary assets in the energy sector that will strengthen Appco's distribution, improve vertical integration and increase access to valuable natural resources.
Titan Global Holdings Announces Formation of Titan Global Brands to Manage Growing Portfolio of Consumer Brands and Intellectual Property
Titan Retains Intellectual Property Counsel to Assist in Patent and Trademark Registrations, as well as Protect Millions of Branded Products Sold Annually
Titan Global Holdings, Inc. (OTCBB:TTGL), ("Titan") a high-growth diversified holding company, today announced the formation of Titan Global Brands 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.
Titan also recently retained a prominent law firm that specializes in intellectual property law to assist it in both patent and trademark registrations, as well as in brand management and protection.
"Titan's trusted brand products are purchased around the world and through an expansive retail distribution system that deserves careful monitoring and strategic planning," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Through our vast retail footprint, we create more than 35 million annual brand impressions to customers all over the world. With this extensive reach, it is imperative that we leverage our world-wide brands and distribution network to create more opportunities for our team to create shareholder value through our efficient networks. We will now begin the process of developing a comprehensive sales and marketing plan that should result in continued organic growth in our business units."
Titan currently distributes its manufacturing, technology, homeland security, communications, and consumer products to public, commercial, and retail customers throughout the globe. The Company's U.S.-based retail customers include mass food and drug retailers, other large retail chains, convenient stores and independent and regionally owned retail distribution systems. Titan Global Brands will streamline sales and marketing efforts to offer all Titan brands and products to each distribution segment and the customers Titan serves.
"Titan has developed leading brands and distribution channels across several sectors," said David Marks, Chairman of Titan Global Holdings. "Our strategic equity partners and management team will work to strengthen these brands and identify complimentary acquisitions that leverage Titan's proven distribution prowess. We believe our proven brand equity and distribution successes can be efficiently leveraged to create significant shareholder value."
Titan Retains Intellectual Property Counsel to Assist in Patent and Trademark Registrations, as well as Protect Millions of Branded Products Sold Annually
Titan Global Holdings, Inc. (OTCBB:TTGL), ("Titan") a high-growth diversified holding company, today announced the formation of Titan Global Brands 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.
Titan also recently retained a prominent law firm that specializes in intellectual property law to assist it in both patent and trademark registrations, as well as in brand management and protection.
"Titan's trusted brand products are purchased around the world and through an expansive retail distribution system that deserves careful monitoring and strategic planning," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Through our vast retail footprint, we create more than 35 million annual brand impressions to customers all over the world. With this extensive reach, it is imperative that we leverage our world-wide brands and distribution network to create more opportunities for our team to create shareholder value through our efficient networks. We will now begin the process of developing a comprehensive sales and marketing plan that should result in continued organic growth in our business units."
Titan currently distributes its manufacturing, technology, homeland security, communications, and consumer products to public, commercial, and retail customers throughout the globe. The Company's U.S.-based retail customers include mass food and drug retailers, other large retail chains, convenient stores and independent and regionally owned retail distribution systems. Titan Global Brands will streamline sales and marketing efforts to offer all Titan brands and products to each distribution segment and the customers Titan serves.
"Titan has developed leading brands and distribution channels across several sectors," said David Marks, Chairman of Titan Global Holdings. "Our strategic equity partners and management team will work to strengthen these brands and identify complimentary acquisitions that leverage Titan's proven distribution prowess. We believe our proven brand equity and distribution successes can be efficiently leveraged to create significant shareholder value."
Titan Global Holdings' Starttalk Unit Powers Communications Division as Fiscal Year 2007 Closes
Starttalk's Continued Growth of Switch Capacity Expansion Facilitates Product Growth
Titan Global Holdings, Inc. (OTCBB:TTGL), ("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.
Starttalk, a wholly-owned subsidiary of Titan Global Holdings, owns, leases and operates switching equipment that terminates international long distance calls. Titan's customers access Starttalk equipment directly to complete international long distance calls. Starttalk has strategic agreements with wholesale carriers to terminate customers calls in a high quality, cost effective manner.
"The completion of our migration to Starttalk's expansive network now offers all our customers and end-users complete access to our efficient systems," said Kurt Jensen, President and Chief Executive Officer of Titan's Communications Division. "Furthermore, now that the migration is complete, our team will shift focus to expanding our product portfolio and filling customer demand."
Titan's new products will include private label products for its distribution partners, new nationwide products and local access products for targeted markets. Finally, the Company's Starttalk infrastructure will enable pursue additional channels, including those served by other Titan Global Brands products.
"Kurt and his team have worked tirelessly to complete this difficult migration," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings, Inc. "Now our team will expand efforts to develop creative partnerships with other international network carriers to offer customers better products and shareholders increased value. We will continue to provide the most effective, efficient solutions to connect more customers to friends and family around the world."
Starttalk's Continued Growth of Switch Capacity Expansion Facilitates Product Growth
Titan Global Holdings, Inc. (OTCBB:TTGL), ("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.
Starttalk, a wholly-owned subsidiary of Titan Global Holdings, owns, leases and operates switching equipment that terminates international long distance calls. Titan's customers access Starttalk equipment directly to complete international long distance calls. Starttalk has strategic agreements with wholesale carriers to terminate customers calls in a high quality, cost effective manner.
"The completion of our migration to Starttalk's expansive network now offers all our customers and end-users complete access to our efficient systems," said Kurt Jensen, President and Chief Executive Officer of Titan's Communications Division. "Furthermore, now that the migration is complete, our team will shift focus to expanding our product portfolio and filling customer demand."
Titan's new products will include private label products for its distribution partners, new nationwide products and local access products for targeted markets. Finally, the Company's Starttalk infrastructure will enable pursue additional channels, including those served by other Titan Global Brands products.
"Kurt and his team have worked tirelessly to complete this difficult migration," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings, Inc. "Now our team will expand efforts to develop creative partnerships with other international network carriers to offer customers better products and shareholders increased value. We will continue to provide the most effective, efficient solutions to connect more customers to friends and family around the world."
Titan Global Enters into Definitive Option Agreement to Acquire USA Detergents, Inc.
Thursday August 9, 3:30 am ET
USA Detergents Acquisition Would Add $40 Million in Annual Revenues to Recently Formed Titan Global Brands
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News; "Titan"), a high-growth diversified holding company, today announced the execution of a definitive option agreement to purchase 80% of the outstanding stock of USA Detergents, Inc., www.usa-detergents.com ("USAD"), a manufacturer and distributor of quality essential home products such as laundry care, household cleaners and personal care items. USAD has accumulated exceptional brand value for its featured retail products.
Titan will manage USAD's operations during the sixty 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 providing the referenced bridge financing.
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.
"After a thorough review of USAD's products, brands and growth opportunities, we identified immediate synergies within our distribution channels," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Additionally, USAD's management is comprised of pioneers in the household laundry and cleaning product industries. With USAD's experience and our distribution synergies, USAD will be a tremendous addition to Titan Global Brands. The addition of known brands and products through various licensing agreements including Brillo, Touch of Glass, and Snapple and Betty Crocker Candles will bolster our growing stable of brands and products."
"The entire team at USA Detergents is excited and energized from Titan's management team and involvement," said Uri Evan, Chief Executive Officer and Co-Founder of USAD. "Furthermore, the addition of Titan's distribution channels will provide many additional opportunities for increased market penetration of our brands."
Titan recently announced the formation of Titan Global Brands 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.
"We were delighted to introduce USA Detergents to the Crivello Group," stated Joel Flig, Executive Vice President of Greystone Business Credit. "They, in turn, suggested that Titan Global, our established client and Crivello Group's portfolio investment, undertake the acquisition. This agreement strengthens two of our clients with enormous synergies in distribution."
"We receive and review a steady flow of promising acquisitions for our portfolio companies. Given the strength of Titan's management and its core strategy, USA Detergents represented a perfect fit for it," said Frank P. Crivello, Managing Member of Crivello Group, LLC. "We were pleased to facilitate negotiations and the definitive agreement between Titan and USA Detergents."
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets and advanced technologies. In its last fiscal year Titan generated in excess of $109 million in revenues on a consolidated basis.
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.
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.
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.
http://biz.yahoo.com/bw/070809/20070809005371.html?.v=1&prin…
Thursday August 9, 3:30 am ET
USA Detergents Acquisition Would Add $40 Million in Annual Revenues to Recently Formed Titan Global Brands
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News; "Titan"), a high-growth diversified holding company, today announced the execution of a definitive option agreement to purchase 80% of the outstanding stock of USA Detergents, Inc., www.usa-detergents.com ("USAD"), a manufacturer and distributor of quality essential home products such as laundry care, household cleaners and personal care items. USAD has accumulated exceptional brand value for its featured retail products.
Titan will manage USAD's operations during the sixty 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 providing the referenced bridge financing.
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.
"After a thorough review of USAD's products, brands and growth opportunities, we identified immediate synergies within our distribution channels," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Additionally, USAD's management is comprised of pioneers in the household laundry and cleaning product industries. With USAD's experience and our distribution synergies, USAD will be a tremendous addition to Titan Global Brands. The addition of known brands and products through various licensing agreements including Brillo, Touch of Glass, and Snapple and Betty Crocker Candles will bolster our growing stable of brands and products."
"The entire team at USA Detergents is excited and energized from Titan's management team and involvement," said Uri Evan, Chief Executive Officer and Co-Founder of USAD. "Furthermore, the addition of Titan's distribution channels will provide many additional opportunities for increased market penetration of our brands."
Titan recently announced the formation of Titan Global Brands 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.
"We were delighted to introduce USA Detergents to the Crivello Group," stated Joel Flig, Executive Vice President of Greystone Business Credit. "They, in turn, suggested that Titan Global, our established client and Crivello Group's portfolio investment, undertake the acquisition. This agreement strengthens two of our clients with enormous synergies in distribution."
"We receive and review a steady flow of promising acquisitions for our portfolio companies. Given the strength of Titan's management and its core strategy, USA Detergents represented a perfect fit for it," said Frank P. Crivello, Managing Member of Crivello Group, LLC. "We were pleased to facilitate negotiations and the definitive agreement between Titan and USA Detergents."
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets and advanced technologies. In its last fiscal year Titan generated in excess of $109 million in revenues on a consolidated basis.
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.
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.
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.
http://biz.yahoo.com/bw/070809/20070809005371.html?.v=1&prin…
Titan Global Holdings Appoints Veteran Executive Frank Orlando as Chief Restructuring Officer of USA Detergents
Friday August 10, 3:30 am ET
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.
http://biz.yahoo.com/bw/070810/20070810005119.html?.v=1&prin…
Friday August 10, 3:30 am ET
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.
http://biz.yahoo.com/bw/070810/20070810005119.html?.v=1&prin…
Titan Global Holdings Announces Reorganized Ownership of USA Detergents
Upon Exercise of Option Agreement USA Detergents Owned by Titan, Major Strategic Partner and Current Senior Management
Titan Global Holdings, Inc. (OTCBB:TTGL) ("Titan"), a high-growth diversified holding company, today announced the reorganized ownership upon closing of USA Detergents (USAD). USAD has a strategic relationship with Church & Dwight Co. Inc., parent company of the Arm and Hammer line of premium brands, through distribution, license and manufacturing agreements. If Titan exercises its referenced option, of the re-organized USAD, Church & Dwight will own 7.5% and the remaining 12.5% will be owned by the existing senior management of USAD.
Last week Titan announced its execution of a definitive option agreement to purchase 80% of the outstanding stock of USAD. During the sixty day option period 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 175,000 square foot warehouse 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 high quality product mix is categorized as "Branded Value," with retail prices featured in the medium to low price range.
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.
"Titan and USAD's existing shareholders have agreed to a structure for the ownership of the re-organized USAD that will provide all parties with economic and strategic alignments," said Frank Orlando, Chief Restructuring Officer of USA-Detergents.
"We are pleased to work with USAD's talent management and with Church & Dwight as a strategic partner," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Together we will work to grow USAD's distribution and revenue while exploring complimentary strategies to grow volume from our other business units."
Titan recently announced the formation of Titan Global Brands 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.
Upon Exercise of Option Agreement USA Detergents Owned by Titan, Major Strategic Partner and Current Senior Management
Titan Global Holdings, Inc. (OTCBB:TTGL) ("Titan"), a high-growth diversified holding company, today announced the reorganized ownership upon closing of USA Detergents (USAD). USAD has a strategic relationship with Church & Dwight Co. Inc., parent company of the Arm and Hammer line of premium brands, through distribution, license and manufacturing agreements. If Titan exercises its referenced option, of the re-organized USAD, Church & Dwight will own 7.5% and the remaining 12.5% will be owned by the existing senior management of USAD.
Last week Titan announced its execution of a definitive option agreement to purchase 80% of the outstanding stock of USAD. During the sixty day option period 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 175,000 square foot warehouse 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 high quality product mix is categorized as "Branded Value," with retail prices featured in the medium to low price range.
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.
"Titan and USAD's existing shareholders have agreed to a structure for the ownership of the re-organized USAD that will provide all parties with economic and strategic alignments," said Frank Orlando, Chief Restructuring Officer of USA-Detergents.
"We are pleased to work with USAD's talent management and with Church & Dwight as a strategic partner," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Together we will work to grow USAD's distribution and revenue while exploring complimentary strategies to grow volume from our other business units."
Titan recently announced the formation of Titan Global Brands 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.
Titan Global Holdings Announces Continued Growth at Key Wireless Division
Company Nears Completion of Integration of Recently Acquired Ready Mobile Subsidiary
Titan Global Holdings, Inc. (OTCBB:TTGL), a high growth diversified holding company today announced that Titan Wireless, a key subsidiary of the Company's Communication Division, now reaches more than 5,250 retail locations nationwide with more than 52,000 recurring subscribers. Titan Wireless, through its known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost effective prepaid wireless offerings through its mobile virtual network operator agreement with Sprint PCS.
Titan Wireless, a subsidiary of Titan Global Holdings, Inc., completed its purchase of the assets of Ready Mobile, LLC, a national Sprint Mobile Virtual Network Operator (MVNO) generating $12 million in annual revenues in May 2007. Subsequent to the closing of the Ready Mobile acquisition, Titan consolidated wireless distribution operations in Ready Mobile's distribution facility and consolidated call center operations for Titan's multi-lingual call center located in Richardson, Texas.
"We are very pleased to announce that we are making exceptional progress as we work to integrate Ready Mobile with our other high-growth wireless initiatives," said Dennis Henderson, President of Titan Wireless. "Additionally, with the uncertainty surrounding other wireless providers, our value proposition to our customers is becoming more attractive. We provide high quality, value priced handsets with access to efficient prepaid domestic and international termination rates. Most importantly, business is conducted with fiscal responsibility in mind, so we'll be able to deliver this value over the long term. As a result, our sales team is having great success as we expand our distribution footprint to more retail locations nationwide."
Titan expects to achieve additional synergies and cost savings by leveraging Ready Mobile's distribution strength. By combining Oblio's trusted long distance brands with Ready Mobile's distribution strength the Company anticipates creating a leading portfolio of prepaid communications products for its distribution partners.
"Our Titan Wireless subsidiary is poised for better than expected results for fiscal 2008," said Kurt Jensen, President of Titan Communications Division. "While many MVNO competitors have collapsed over the twelve months, we have built a foundation for long term success. Wireless presents a logical progression for our core international long distance customers. Our efficient rate plans offer our customers the freedom to 'pay as you go' wherever you are. We look forward to increasing our retail footprint and subscribers in fiscal 2008."
Company Nears Completion of Integration of Recently Acquired Ready Mobile Subsidiary
Titan Global Holdings, Inc. (OTCBB:TTGL), a high growth diversified holding company today announced that Titan Wireless, a key subsidiary of the Company's Communication Division, now reaches more than 5,250 retail locations nationwide with more than 52,000 recurring subscribers. Titan Wireless, through its known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost effective prepaid wireless offerings through its mobile virtual network operator agreement with Sprint PCS.
Titan Wireless, a subsidiary of Titan Global Holdings, Inc., completed its purchase of the assets of Ready Mobile, LLC, a national Sprint Mobile Virtual Network Operator (MVNO) generating $12 million in annual revenues in May 2007. Subsequent to the closing of the Ready Mobile acquisition, Titan consolidated wireless distribution operations in Ready Mobile's distribution facility and consolidated call center operations for Titan's multi-lingual call center located in Richardson, Texas.
"We are very pleased to announce that we are making exceptional progress as we work to integrate Ready Mobile with our other high-growth wireless initiatives," said Dennis Henderson, President of Titan Wireless. "Additionally, with the uncertainty surrounding other wireless providers, our value proposition to our customers is becoming more attractive. We provide high quality, value priced handsets with access to efficient prepaid domestic and international termination rates. Most importantly, business is conducted with fiscal responsibility in mind, so we'll be able to deliver this value over the long term. As a result, our sales team is having great success as we expand our distribution footprint to more retail locations nationwide."
Titan expects to achieve additional synergies and cost savings by leveraging Ready Mobile's distribution strength. By combining Oblio's trusted long distance brands with Ready Mobile's distribution strength the Company anticipates creating a leading portfolio of prepaid communications products for its distribution partners.
"Our Titan Wireless subsidiary is poised for better than expected results for fiscal 2008," said Kurt Jensen, President of Titan Communications Division. "While many MVNO competitors have collapsed over the twelve months, we have built a foundation for long term success. Wireless presents a logical progression for our core international long distance customers. Our efficient rate plans offer our customers the freedom to 'pay as you go' wherever you are. We look forward to increasing our retail footprint and subscribers in fiscal 2008."
Titan Global Holdings Engages Adam McMullen as Vice President of Communications & Business Development for Titan's Communications Division
McMullen to Accelerate New Product Development as Titan Continues to Leverage Growth of Starttalk Subsidiary
Titan Global Holdings, Inc. (OTCBB:TTGL), a high growth diversified holding company, today announced the engagement of communications industry veteran Adam McMullen as Vice President of Communications & Business Development for Titan's Communications Division.
Titan's Communications Division recently reported increased revenue of $80.1 million for the first nine months of fiscal 2007, an 18% increase from the same nine month period last year.
Mr. McMullen has extensive experience leading emerging telecommunications companies in the areas of product development, marketing, advertising management, and e-commerce development.
"In an ever evolving pre-paid marketplace, Titan Communications faces new challenges and opportunities on a daily basis," said Mr. McMullen. "These are challenges I have effectively contended with and am eager to meet head on with Titan. I am honored to become part of their team and look forward to a ensuring successful future for the company."
Titan's Communications Division is comprised of Oblio Telecom, a market leader in the distribution of prepaid international long distance products, Starttalk, Inc., an owner and operator of switching and network equipment, Titan Wireless, a prepaid wireless mobile virtual network operator and Pinless, Inc., an e-commerce platform that offers prepaid international calling solutions from a web-based application.
"Adam is an ideal addition to our communications division team," said Kurt Jensen, President of Titan's Communications Division. "As we now manage all of our capacity and product termination through our Starttalk subsidiary, it is essential that we have seasoned professionals to develop, manage and distribute compelling products. Adam has a proven track record as his previous efforts have led to increased sales, revenue and overall productivity."
"Titan's success is built on the talent leading each of our business units," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Adam further compliments Kurt and his team as we look for new and creative ways to expand our communications division. Titan's business units include dynamic sectors such as energy, communications and consumer products, but the common thread is the dedication and 'know-how' of each management team constantly pursuing new means of increasing shareholder value."
McMullen to Accelerate New Product Development as Titan Continues to Leverage Growth of Starttalk Subsidiary
Titan Global Holdings, Inc. (OTCBB:TTGL), a high growth diversified holding company, today announced the engagement of communications industry veteran Adam McMullen as Vice President of Communications & Business Development for Titan's Communications Division.
Titan's Communications Division recently reported increased revenue of $80.1 million for the first nine months of fiscal 2007, an 18% increase from the same nine month period last year.
Mr. McMullen has extensive experience leading emerging telecommunications companies in the areas of product development, marketing, advertising management, and e-commerce development.
"In an ever evolving pre-paid marketplace, Titan Communications faces new challenges and opportunities on a daily basis," said Mr. McMullen. "These are challenges I have effectively contended with and am eager to meet head on with Titan. I am honored to become part of their team and look forward to a ensuring successful future for the company."
Titan's Communications Division is comprised of Oblio Telecom, a market leader in the distribution of prepaid international long distance products, Starttalk, Inc., an owner and operator of switching and network equipment, Titan Wireless, a prepaid wireless mobile virtual network operator and Pinless, Inc., an e-commerce platform that offers prepaid international calling solutions from a web-based application.
"Adam is an ideal addition to our communications division team," said Kurt Jensen, President of Titan's Communications Division. "As we now manage all of our capacity and product termination through our Starttalk subsidiary, it is essential that we have seasoned professionals to develop, manage and distribute compelling products. Adam has a proven track record as his previous efforts have led to increased sales, revenue and overall productivity."
"Titan's success is built on the talent leading each of our business units," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Adam further compliments Kurt and his team as we look for new and creative ways to expand our communications division. Titan's business units include dynamic sectors such as energy, communications and consumer products, but the common thread is the dedication and 'know-how' of each management team constantly pursuing new means of increasing shareholder value."
Titan Global Holdings to Significantly Expand Retail Distribution Reach Across North America Following USA Detergents Acquisition
Thursday August 16, 12:01 am ET
USAD's Distribution Agreements with Arm & Hammer and Other Major Brands Provides Significant Opportunities for Increasing Awareness for Titan Brands
http://biz.yahoo.com/bw/070816/20070815005946.html?.v=1&prin…
Thursday August 16, 12:01 am ET
USAD's Distribution Agreements with Arm & Hammer and Other Major Brands Provides Significant Opportunities for Increasing Awareness for Titan Brands
http://biz.yahoo.com/bw/070816/20070815005946.html?.v=1&prin…
Titan Global Holdings Completes Buy Back of Share Block Owned by Laurus Master Fund
Titan Board Continues Buyback Plan Nearing Milestone One Million Shares
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high-growth diversified holding company, reported today on the Company's previously announced four million share open market buy back plan and also announced the completed purchase of 150,000 shares owned by Laurus Master Fund, Ltd. ("Laurus").
As of today, the Company repurchased a total of 858,807 shares of its common stock in the open market at an average of $1.31 per share.
In 2003 Laurus became an early stage investor in Titan. In December 2006, Titan re-paid Laurus all principal and interest for its convertible loans. Today, Titan re-purchased a share block owned by Laurus.
"Titan has progressed to become a world-class public company with exceptional management and I couldn't be more pleased with our progress," said David Marks, Chairman of Titan Global Holdings. "Following our continued progress on our buy back plan and on the repurchase of a block owned by Laurus, I feel very confident that Titan will continue to offer substantial opportunities as a growth-driven investment well into the future."
In explaining its decision and the buy back plan in May 2007, Titan's Board of Directors cited TTGL's 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.
"We are gratified by the number of long term investors we have attracted and kept in Titan and believe that they will be rewarded for this dedication," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "We look forward to welcoming new and sophisticated investors as we continue to grow and deliver on our mission to build shareholder value."
Titan has made these purchases consistent with SEC regulations, including exclusionary black-out periods which have been immediately before the reporting of its Form Q and included the recent weeks before Titan announced its definitive purchase agreement to acquire Appalachian Oil Company. As well, Titan recently announced its pending purchase of USA Detergents, Inc.
As of July 31, 2007, Titan had in excess of 2,000 shareholders. On August 17, 2007 Titan's stock closed at $1.45 per share. Titan's stock reached its 52 week closing high of $1.60 per share on August 14, 2007.
Pursuant to SEC regulations 10b-18, the maximum price Titan can pay per share is the greater of the highest independent bid or the last independent transaction price quoted or reported; as for the daily quantity of shares purchased, the daily limit is 25% of the average daily volume for the preceding four week period. Finally, once per week, Titan can forego the quantity limit defined above and make one block purchase of an unlimited size up to the unfilled balance of its approved buy back plan. A block is defined as a purchase price of $200,000 or more or at least 5,000 shares and a price of at least $50,000, or at least 20 round lots that totals 150% or more of the trading volume.
As Titan makes open market purchases, after settlement, such shares will be cancelled and the shares outstanding will be reduced. These purchases will be reported in Titan's Form 10-QSB and Form 10-KSB filed with SEC.
Consistent with Titan's previously announced policy, in addition to any share ownership disclosure that is legally required by the Securities and Exchange Commission, Titan will announce from time to time the aggregate ownership of its key management, directors and strategic investors in an effort to provide complete transparency to all stockholders.
Titan Board Continues Buyback Plan Nearing Milestone One Million Shares
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high-growth diversified holding company, reported today on the Company's previously announced four million share open market buy back plan and also announced the completed purchase of 150,000 shares owned by Laurus Master Fund, Ltd. ("Laurus").
As of today, the Company repurchased a total of 858,807 shares of its common stock in the open market at an average of $1.31 per share.
In 2003 Laurus became an early stage investor in Titan. In December 2006, Titan re-paid Laurus all principal and interest for its convertible loans. Today, Titan re-purchased a share block owned by Laurus.
"Titan has progressed to become a world-class public company with exceptional management and I couldn't be more pleased with our progress," said David Marks, Chairman of Titan Global Holdings. "Following our continued progress on our buy back plan and on the repurchase of a block owned by Laurus, I feel very confident that Titan will continue to offer substantial opportunities as a growth-driven investment well into the future."
In explaining its decision and the buy back plan in May 2007, Titan's Board of Directors cited TTGL's 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.
"We are gratified by the number of long term investors we have attracted and kept in Titan and believe that they will be rewarded for this dedication," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "We look forward to welcoming new and sophisticated investors as we continue to grow and deliver on our mission to build shareholder value."
Titan has made these purchases consistent with SEC regulations, including exclusionary black-out periods which have been immediately before the reporting of its Form Q and included the recent weeks before Titan announced its definitive purchase agreement to acquire Appalachian Oil Company. As well, Titan recently announced its pending purchase of USA Detergents, Inc.
As of July 31, 2007, Titan had in excess of 2,000 shareholders. On August 17, 2007 Titan's stock closed at $1.45 per share. Titan's stock reached its 52 week closing high of $1.60 per share on August 14, 2007.
Pursuant to SEC regulations 10b-18, the maximum price Titan can pay per share is the greater of the highest independent bid or the last independent transaction price quoted or reported; as for the daily quantity of shares purchased, the daily limit is 25% of the average daily volume for the preceding four week period. Finally, once per week, Titan can forego the quantity limit defined above and make one block purchase of an unlimited size up to the unfilled balance of its approved buy back plan. A block is defined as a purchase price of $200,000 or more or at least 5,000 shares and a price of at least $50,000, or at least 20 round lots that totals 150% or more of the trading volume.
As Titan makes open market purchases, after settlement, such shares will be cancelled and the shares outstanding will be reduced. These purchases will be reported in Titan's Form 10-QSB and Form 10-KSB filed with SEC.
Consistent with Titan's previously announced policy, in addition to any share ownership disclosure that is legally required by the Securities and Exchange Commission, Titan will announce from time to time the aggregate ownership of its key management, directors and strategic investors in an effort to provide complete transparency to all stockholders.
Titan Global Holdings Announces Further Expansion of Wireless Division's Retail Distribution Footprint Following Agreement with Pilot Oil Company
Distribution Agreement for 281 Pilot Stores Further Validates Company's Strategic Initiative to Generate Revenues from Branded Wireless Products
Titan Global Holdings, Inc. (OTCBB:TTGL), a high growth diversified holding company today announced that Titan Wireless, a division of Titan Communications, entered into a wireless sales distribution agreement with Pilot Oil Company to expand the Company's nationwide distribution system by an additional 281 locations. The agreement further validates the Company's high-growth business model focused on generating revenues from trusted wireless brand products through a retail distribution system that reaches more than 60,000 locations.
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues in May 2007.
"We are thrilled to add Pilot Oil to our growing network of retail locations," said Dennis Henderson, President of Titan Wireless. "We continue to offer retailers and customers high quality, value priced handsets with access to efficient prepaid domestic and international termination rates. As other prepaid wireless providers face uncertainty, we are diligently growing our network as a trusted prepaid wireless partner to retail chains nationwide."
Pilot is the nation's largest retail operator of Travel Centers, catering to the professional driver and traveling motorist in 40 states with 281 retail interstate properties.
"Dennis and his team continue to make gains in distribution channels in the coveted retail chain store space nationwide," said Kurt Jensen, President and Chief Executive Officer of Titan Communications. "As we increase our distribution footprint, we will introduce other Titan Communications' products to these customers increasing the value proposition to our shareholders. Titan Communications continues to offer an expanding array of prepaid communications solutions to growing market segments."
Distribution Agreement for 281 Pilot Stores Further Validates Company's Strategic Initiative to Generate Revenues from Branded Wireless Products
Titan Global Holdings, Inc. (OTCBB:TTGL), a high growth diversified holding company today announced that Titan Wireless, a division of Titan Communications, entered into a wireless sales distribution agreement with Pilot Oil Company to expand the Company's nationwide distribution system by an additional 281 locations. The agreement further validates the Company's high-growth business model focused on generating revenues from trusted wireless brand products through a retail distribution system that reaches more than 60,000 locations.
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues in May 2007.
"We are thrilled to add Pilot Oil to our growing network of retail locations," said Dennis Henderson, President of Titan Wireless. "We continue to offer retailers and customers high quality, value priced handsets with access to efficient prepaid domestic and international termination rates. As other prepaid wireless providers face uncertainty, we are diligently growing our network as a trusted prepaid wireless partner to retail chains nationwide."
Pilot is the nation's largest retail operator of Travel Centers, catering to the professional driver and traveling motorist in 40 states with 281 retail interstate properties.
"Dennis and his team continue to make gains in distribution channels in the coveted retail chain store space nationwide," said Kurt Jensen, President and Chief Executive Officer of Titan Communications. "As we increase our distribution footprint, we will introduce other Titan Communications' products to these customers increasing the value proposition to our shareholders. Titan Communications continues to offer an expanding array of prepaid communications solutions to growing market segments."
Titan Global Holdings Announces Plan to Seek Listing on NASDAQ
Monday August 27, 12:01 am ET
Titan's Board of Directors Forms Committee to Develop Plan to Graduate From OTC
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News), a high growth diversified holding company, announced today that its Board of Directors formed a Committee to implement its plan to list its stock on the NASDAQ. David Marks, Titan's Chairman, is leading the NASDAQ listing effort. Titan's NASDAQ goals are to apply by September 30, 2007. Titan's listing on the NASDAQ is subject to its listing requirements and standards. These include but aren't limited to share price and shareholder equity. There is no guarantee Titan will qualify for or be accepted by the NASDAQ for listing on its exchange.
Titan 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.
Last month Titan formed Titan Energy Group, a division engaged in the acquisition and management of complementary energy sector assets. Concurrent with the formation of Titan Energy Group, the Company announced the execution of a definitive purchase agreement to acquire 100% of the outstanding stock of Appalachian Oil Company, www.goappco.com, ("Appco"). Appco, formed in 1923 and based in Blountville, Tennessee, is a leading petroleum company in the Southeast that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. This transaction is expected to close in September 2007.
Earlier this month Titan announced the execution of a definitive option agreement to purchase 80% of the outstanding stock of USA Detergents, Inc., www.usa-detergents.com, ("USAD"), a manufacturer and distributor of quality essential home products such as laundry care, household cleaners and personal care items. USAD has accumulated exceptional brand value for its featured retail products. This transaction is expected to close in September 2007.
Earlier this month Titan announced the formation of Titan Global Brands 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. Titan also recently retained a prominent law firm that specializes in intellectual property law to assist it in both patent and trademark registrations, as well as in brand management and protection.
"Given our progress on both organic and strategic levels, our Board of Directors concluded this was the right time to pursue listing on the NASDAQ," said David Marks, Chairman Titan Global Holdings, Inc. "While there is no guarantee the NASDAQ will accept Titan, we are hopeful that we can satisfy its requirements and achieve listing on it."
"In consultation with existing and prospective investors, we have concluded that a listing on the NASDAQ is an appropriate and desirable goal for Titan," stated Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "A listing on the NASDAQ will make Titan more desirable to institutions and all investors alike. Such a listing may lead to greater liquidity and share price appreciation."
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) 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'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.
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.
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
http://biz.yahoo.com/bw/070827/20070826005049.html?.v=1&prin…
Titan Global Holdings Announces Leadership Team for Titan Energy Group's Appco Unit
Titan on Track to Close Appco Acquisition in September, 2007
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, announced today the management team that will lead Appalachian Oil Company ("Appco"), the company's initial acquisition in the energy sector. Titan formed Titan Energy Group, a division engaged in the acquisition and management of complementary energy sector assets. Concurrent with the formation of Titan Energy Group, the Company announced the execution of a definitive purchase agreement to acquire 100% of the outstanding stock of Appco. This transaction is expected to close in September 2007.
Appco, formed in 1923 and based in Blountville, Tennessee, is a leading petroleum company in the Southeast that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
Appco Retail Division
Marty Anderson will be the President of the Retail Division, which operates Appco's 56 convenience store locations.
Marty Anderson joined Appco as the Director of Marketing and was promoted to President of the Retail Division in July 2006. Mr. Anderson has over twenty five years experience in the convenience store operations and retail fuel sales. Mr. Anderson has served in growing positions of leadership in retail operations in the Midwest and the Atlantic Seaboard prior to joining Appco in 2000.
Appco Sales and Marketing Division
John Thomas, III will be the President of the Sales and Marketing Division, which generates volume through wholesale contracts to supply fuel to over 160 dealer accounts in the Southeastern United States.
Mr. Thomas is a former petroleum distributor who has more than thirty years' experience in wholesale fuel distribution. Mr. Thomas' extensive knowledge of the supply chain and the marketplace has driven Appco's tremendous growth in its wholesale operations. Mr. Thomas and his team sell petroleum products to independent operators, third-party convenience store operators and wholesale accounts.
Appco Finance Division
Ernestine Clark will be Senior Vice President and Debra Manis will be Vice President of Finance. Mrs. Clark and Mrs. Manis will lead the Administration Division, which manages the accounting, human resources, and other administrative functions for the company.
Mrs. Clark has over 40 years experience in the petroleum distribution market with Appco. Mrs. Clark's expertise includes finance, accounting, inventory control, federal and state tax reporting and information systems. Mrs. Clark led the information system initiative to implement the Factor System in Appco retail locations and works very closely with Appco's strategic terminal operators. Prior to serving as Senior Vice President, Mrs. Clark was the Vice President of Finance and Controller of Appalachian Oil Company.
Mrs. Manis has over 22 years experience in the petroleum distribution market with Appco. Mrs. Manis' experience includes accounting, finance, and human resources. Mrs. Manis was promoted to Vice President of Finance in 2005.
"Appco's seasoned management team is the cornerstone of this transaction as we launch Titan Energy Group," stated Bryan Chance, President and Chief Executive Officer of Titan Global Holdings, Inc. "This team's expertise in the distribution of essential energy products through retail and wholesale channels will provide tremendous knowledge and leadership to Titan as we implement our aggressive growth plans in the energy sector. I look forward to working with this dedicated group to enhance our shareholder value as we continue to generate positive returns and accelerate growth."
Titan on Track to Close Appco Acquisition in September, 2007
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, announced today the management team that will lead Appalachian Oil Company ("Appco"), the company's initial acquisition in the energy sector. Titan formed Titan Energy Group, a division engaged in the acquisition and management of complementary energy sector assets. Concurrent with the formation of Titan Energy Group, the Company announced the execution of a definitive purchase agreement to acquire 100% of the outstanding stock of Appco. This transaction is expected to close in September 2007.
Appco, formed in 1923 and based in Blountville, Tennessee, is a leading petroleum company in the Southeast that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
Appco Retail Division
Marty Anderson will be the President of the Retail Division, which operates Appco's 56 convenience store locations.
Marty Anderson joined Appco as the Director of Marketing and was promoted to President of the Retail Division in July 2006. Mr. Anderson has over twenty five years experience in the convenience store operations and retail fuel sales. Mr. Anderson has served in growing positions of leadership in retail operations in the Midwest and the Atlantic Seaboard prior to joining Appco in 2000.
Appco Sales and Marketing Division
John Thomas, III will be the President of the Sales and Marketing Division, which generates volume through wholesale contracts to supply fuel to over 160 dealer accounts in the Southeastern United States.
Mr. Thomas is a former petroleum distributor who has more than thirty years' experience in wholesale fuel distribution. Mr. Thomas' extensive knowledge of the supply chain and the marketplace has driven Appco's tremendous growth in its wholesale operations. Mr. Thomas and his team sell petroleum products to independent operators, third-party convenience store operators and wholesale accounts.
Appco Finance Division
Ernestine Clark will be Senior Vice President and Debra Manis will be Vice President of Finance. Mrs. Clark and Mrs. Manis will lead the Administration Division, which manages the accounting, human resources, and other administrative functions for the company.
Mrs. Clark has over 40 years experience in the petroleum distribution market with Appco. Mrs. Clark's expertise includes finance, accounting, inventory control, federal and state tax reporting and information systems. Mrs. Clark led the information system initiative to implement the Factor System in Appco retail locations and works very closely with Appco's strategic terminal operators. Prior to serving as Senior Vice President, Mrs. Clark was the Vice President of Finance and Controller of Appalachian Oil Company.
Mrs. Manis has over 22 years experience in the petroleum distribution market with Appco. Mrs. Manis' experience includes accounting, finance, and human resources. Mrs. Manis was promoted to Vice President of Finance in 2005.
"Appco's seasoned management team is the cornerstone of this transaction as we launch Titan Energy Group," stated Bryan Chance, President and Chief Executive Officer of Titan Global Holdings, Inc. "This team's expertise in the distribution of essential energy products through retail and wholesale channels will provide tremendous knowledge and leadership to Titan as we implement our aggressive growth plans in the energy sector. I look forward to working with this dedicated group to enhance our shareholder value as we continue to generate positive returns and accelerate growth."
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Electronics and Homeland Security Unit's Record Guidance of $30M Revenue and $1M Operating Income for FY2008
Tuesday August 28, 2:17 am ET
Titan Unit Gains Momentum with FY 2007 hires of Key Industry Veterans
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News), a high growth diversified holding company, announced today record guidance for its Electronics and Homeland Security Division in fiscal 2008. Titan anticipates this division will generate revenues of $30 Million and Net Operating Income of $1 Million for the fiscal year ended August 31, 2008.
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. Titan announced that the division will realize this record performance through continued efforts to increase its market share in the quick-turn market through its renowned "rep-centric" sales organization. Additionally, the division expects to grow is valued military spec business as well.
During fiscal 2007 Titan Electronics and Homeland Security Division added three proven industry veterans to its seasoned management team. Titan hired Mike Kadlec as Senior Vice President of Sales during the second quarter of 2007, Mike Berg as Vice President of Operations at Titan East during the third quarter of 2007 and Ed Peterson as Vice President of Operations at Titan PCB West during the fourth quarter of 2007.
"We are closing our fourth quarter of fiscal year 2007 with great momentum," stated Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "In fiscal 2008 we will reap the rewards of Mike Kadlec and Saul Kennedy's efforts to redefine our sales approach and geographic reach this past year. We now have tremendous geographic diversity in our customer base and we are not as dependent on specific market sectors. Furthermore, we have experienced tremendous process enhancements and efficiency improvements with Mike Berg's efforts at Titan PCB East and Ed Peterson's efforts at Titan PCB West. Our team looks forward to producing tremendous shareholder returns in fiscal year 2008."
"Titan's success as a diversified holding company is a direct result of the tremendous talent and energy of our teams in each business unit," said Bryan Chance, President and Chief Executive Officer. "During a time of rising supply costs and steady demand, our Electronics and Homeland Security team has increased market share by streamlining operations and implementing our 'rep-centric' sales approach. In turn, our Electronics and Homeland Security Division is poised to produce significant shareholder value in fiscal 2008."
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) 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'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.
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.
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.
Titan Global Holdings Announces Electronics and Homeland Security Unit's Record Guidance of $30M Revenue and $1M Operating Income for FY2008
Tuesday August 28, 2:17 am ET
Titan Unit Gains Momentum with FY 2007 hires of Key Industry Veterans
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News), a high growth diversified holding company, announced today record guidance for its Electronics and Homeland Security Division in fiscal 2008. Titan anticipates this division will generate revenues of $30 Million and Net Operating Income of $1 Million for the fiscal year ended August 31, 2008.
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. Titan announced that the division will realize this record performance through continued efforts to increase its market share in the quick-turn market through its renowned "rep-centric" sales organization. Additionally, the division expects to grow is valued military spec business as well.
During fiscal 2007 Titan Electronics and Homeland Security Division added three proven industry veterans to its seasoned management team. Titan hired Mike Kadlec as Senior Vice President of Sales during the second quarter of 2007, Mike Berg as Vice President of Operations at Titan East during the third quarter of 2007 and Ed Peterson as Vice President of Operations at Titan PCB West during the fourth quarter of 2007.
"We are closing our fourth quarter of fiscal year 2007 with great momentum," stated Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "In fiscal 2008 we will reap the rewards of Mike Kadlec and Saul Kennedy's efforts to redefine our sales approach and geographic reach this past year. We now have tremendous geographic diversity in our customer base and we are not as dependent on specific market sectors. Furthermore, we have experienced tremendous process enhancements and efficiency improvements with Mike Berg's efforts at Titan PCB East and Ed Peterson's efforts at Titan PCB West. Our team looks forward to producing tremendous shareholder returns in fiscal year 2008."
"Titan's success as a diversified holding company is a direct result of the tremendous talent and energy of our teams in each business unit," said Bryan Chance, President and Chief Executive Officer. "During a time of rising supply costs and steady demand, our Electronics and Homeland Security team has increased market share by streamlining operations and implementing our 'rep-centric' sales approach. In turn, our Electronics and Homeland Security Division is poised to produce significant shareholder value in fiscal 2008."
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) 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'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.
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.
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.
Titan Global Holdings Reaches One Million Share Milestone in Announced Open Market Buy Back Plan
Wednesday August 29, 12:00 pm ET
Board of Directors Continues to Cite Attractive Share Price and Company's Improving Fundamentals for Plan to Decrease Share Supply
DALLAS--(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 today, the Company repurchased 1,000,000 shares of its common stock in the open market at an average of $1.35 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.
Titan has made these purchases consistent with SEC regulations, including exclusionary black-out periods which have been immediately before the reporting of its Form Q and included the weeks before Titan announced its definitive purchase agreement to acquire Appalachian Oil Company.
"Titan's management, directors, and strategic investors continue to view our share price as a compelling value proposition," said David Marks, Chairman of Titan Global Holdings. "Today we were pleased to reach the milestone of the repurchase of one million shares. We intend to make additional open market purchases consistent with SEC rules."
As of August 28, 2007, Titan had in excess of 2,000 shareholders. On August 28, 2007 Titan's stock closed at $1.55 per share. Titan's stock reached its 52 week high of $1.60 per share on August 14, 2007.
"Titan's metrics have been exceptional with improved balance sheet strength and sequential quarterly increases in our operating results," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "We intend to take advantage of our attractive share price and may from time to time continue such purchases with the resulting decrease in the Company's public float."
Pursuant to SEC regulations 10b-18, the maximum price Titan can pay per share is the greater of the highest independent bid or the last independent transaction price quoted or reported; as for the daily quantity of shares purchased, the daily limit is 25% of the average daily volume for the preceding four week period. Finally, once per week, Titan can forego the quantity limit defined above and make one block purchase of an unlimited size up to the unfilled balance of its approved buy back plan. A block is defined as a purchase price of $200,000 or more or at least 5,000 shares and a price of at least $50,000, or at least 20 round lots that totals 150% or more of the trading volume.
As Titan makes open market purchases, after settlement, such shares will be cancelled and the shares outstanding will be reduced. These purchases will be reported in Titan's Form 10-QSB and Form 10-KSB filed with SEC.
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) 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'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.
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.
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.
http://biz.yahoo.com/bw/070829/20070829005699.html?.v=1&prin…
Wednesday August 29, 12:00 pm ET
Board of Directors Continues to Cite Attractive Share Price and Company's Improving Fundamentals for Plan to Decrease Share Supply
DALLAS--(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 today, the Company repurchased 1,000,000 shares of its common stock in the open market at an average of $1.35 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.
Titan has made these purchases consistent with SEC regulations, including exclusionary black-out periods which have been immediately before the reporting of its Form Q and included the weeks before Titan announced its definitive purchase agreement to acquire Appalachian Oil Company.
"Titan's management, directors, and strategic investors continue to view our share price as a compelling value proposition," said David Marks, Chairman of Titan Global Holdings. "Today we were pleased to reach the milestone of the repurchase of one million shares. We intend to make additional open market purchases consistent with SEC rules."
As of August 28, 2007, Titan had in excess of 2,000 shareholders. On August 28, 2007 Titan's stock closed at $1.55 per share. Titan's stock reached its 52 week high of $1.60 per share on August 14, 2007.
"Titan's metrics have been exceptional with improved balance sheet strength and sequential quarterly increases in our operating results," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "We intend to take advantage of our attractive share price and may from time to time continue such purchases with the resulting decrease in the Company's public float."
Pursuant to SEC regulations 10b-18, the maximum price Titan can pay per share is the greater of the highest independent bid or the last independent transaction price quoted or reported; as for the daily quantity of shares purchased, the daily limit is 25% of the average daily volume for the preceding four week period. Finally, once per week, Titan can forego the quantity limit defined above and make one block purchase of an unlimited size up to the unfilled balance of its approved buy back plan. A block is defined as a purchase price of $200,000 or more or at least 5,000 shares and a price of at least $50,000, or at least 20 round lots that totals 150% or more of the trading volume.
As Titan makes open market purchases, after settlement, such shares will be cancelled and the shares outstanding will be reduced. These purchases will be reported in Titan's Form 10-QSB and Form 10-KSB filed with SEC.
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) 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'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.
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.
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.
http://biz.yahoo.com/bw/070829/20070829005699.html?.v=1&prin…
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Sets September 12 Closing Date for Strategic Acquisition of Appalachian Oil Company
Thursday August 30, 12:34 pm ET
Closing Includes Anticipated Simultaneous Sale of APPCO Real Estate to Institutional Investor in Leaseback Transaction Deleveraging APPCO Acquisition
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that it and the sellers of Appalachian Oil Company, Inc. ("Appco") agreed to a closing date of September 12, 2007.
Appco is the first acquisition of the Company's recently announced Titan Energy Group, which has been formed to aggregate underutilized assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to compliment Appco's existing retail and wholesale distribution footprint.
In addition, Titan has reached an agreement in principal with an institutional investor to acquire the real property presently owned by APPCO simultaneous with Titan's closing. Additional information detailing the transaction will be provided prior to that date. The anticipated sale-leaseback transaction of Appco's real estate has been structured to deleverage Titan's acquisition of Appco.
"We look forward to closing our acquisition of Appco," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "Appco is an ideal first acquisition for our recently formed Titan Energy Group which is dedicated to acquiring energy assets with significant and immediate opportunities for revenue and earnings growth. We are looking forward to working closely with Appco's management team and providing them with the strategic and financial resources to exploit Appco's opportunities. Ultimately, each of these strategies supports our unwavering commitment to building shareholder value."
Titan's management anticipates Appco will generate record revenues in excess of $410 million with increased positive cash flow for the fiscal year ended September 30, 2007. Appco generated $403 million in revenue and was positive cash flow in its fiscal year 2006. Titan projects Appco will maintain or grow revenue from $410 million and generate stronger cash flow and margins for fiscal 2008 as it increases the distribution of biofuels through its established distribution channels. The extent of the improvement in Appco's cash flow and margins will be subject, among other things, to the availability and deployment of such biofuels which Titan's management is confident that it is poised to fully exploit.
Titan intends to further Appco's penetration into ethanol market through the distribution of biodiesel products. These strategies can increase Appco's margins while aiding in the protection and preservation of our environment.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"I have extensive experience in the real estate leaseback space," said David Marks, Chairman of Titan Global Holdings. "In an effort to deleverage the acquisition for Titan, I have structured a leaseback transaction with an institutional investor. We anticipate closing that transaction simultaneously with Titan's closing of Appco. In addition, we have arranged traditional debt financing with Greystone Business Credit to facilitate Titan's acquisition and working capital funding of Appco."
"Appco and its talented management provide Titan with a solid foundation for its entrance to the energy sector," said Scott Hensell, Chief Financial Officer of Titan Global Holdings. "With this foundation we will expand biofuels into its retail and wholesale distribution channels, growing revenue, margins and EBIDTA. In the next month we will update our consolidated revenue and EBIDTA guidance for our fiscal 2008."
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) 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'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.
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.
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.
Titan Global Holdings Sets September 12 Closing Date for Strategic Acquisition of Appalachian Oil Company
Thursday August 30, 12:34 pm ET
Closing Includes Anticipated Simultaneous Sale of APPCO Real Estate to Institutional Investor in Leaseback Transaction Deleveraging APPCO Acquisition
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that it and the sellers of Appalachian Oil Company, Inc. ("Appco") agreed to a closing date of September 12, 2007.
Appco is the first acquisition of the Company's recently announced Titan Energy Group, which has been formed to aggregate underutilized assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to compliment Appco's existing retail and wholesale distribution footprint.
In addition, Titan has reached an agreement in principal with an institutional investor to acquire the real property presently owned by APPCO simultaneous with Titan's closing. Additional information detailing the transaction will be provided prior to that date. The anticipated sale-leaseback transaction of Appco's real estate has been structured to deleverage Titan's acquisition of Appco.
"We look forward to closing our acquisition of Appco," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "Appco is an ideal first acquisition for our recently formed Titan Energy Group which is dedicated to acquiring energy assets with significant and immediate opportunities for revenue and earnings growth. We are looking forward to working closely with Appco's management team and providing them with the strategic and financial resources to exploit Appco's opportunities. Ultimately, each of these strategies supports our unwavering commitment to building shareholder value."
Titan's management anticipates Appco will generate record revenues in excess of $410 million with increased positive cash flow for the fiscal year ended September 30, 2007. Appco generated $403 million in revenue and was positive cash flow in its fiscal year 2006. Titan projects Appco will maintain or grow revenue from $410 million and generate stronger cash flow and margins for fiscal 2008 as it increases the distribution of biofuels through its established distribution channels. The extent of the improvement in Appco's cash flow and margins will be subject, among other things, to the availability and deployment of such biofuels which Titan's management is confident that it is poised to fully exploit.
Titan intends to further Appco's penetration into ethanol market through the distribution of biodiesel products. These strategies can increase Appco's margins while aiding in the protection and preservation of our environment.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"I have extensive experience in the real estate leaseback space," said David Marks, Chairman of Titan Global Holdings. "In an effort to deleverage the acquisition for Titan, I have structured a leaseback transaction with an institutional investor. We anticipate closing that transaction simultaneously with Titan's closing of Appco. In addition, we have arranged traditional debt financing with Greystone Business Credit to facilitate Titan's acquisition and working capital funding of Appco."
"Appco and its talented management provide Titan with a solid foundation for its entrance to the energy sector," said Scott Hensell, Chief Financial Officer of Titan Global Holdings. "With this foundation we will expand biofuels into its retail and wholesale distribution channels, growing revenue, margins and EBIDTA. In the next month we will update our consolidated revenue and EBIDTA guidance for our fiscal 2008."
About Titan Global Holdings
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) 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'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.
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.
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.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Strategic Distribution Agreements for Wireless Division
Thursday August 30, 3:27 pm ET
Titan Wireless Expands into Growing Check Cashing Distribution Channel Validating High Growth Strategy
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that Titan Wireless, a unit of Titan's Communication Division, closed agreements with Garden State Check Cashing and Connecticut Check Cashing to distribute wireless handsets and airtime minutes in 23 locations in New Jersey and Connecticut. The Titan Wireless launch, anticipated within the next thirty days, marks Titan's first penetration into the growing check cashing distribution channel.
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues in May 2007.
"This agreement represents our expansion into the vibrant check cashing space," stated Dennis Henderson, President of Titan's Wireless Division. "We are launching with our Mojo Mobile brand and we are designing packaging specifically for check cashers who have to distribute product from behind protective glass through a size restricting 'deal tray.' Based on our anticipated successes in this channel, we will look to aggressively grow in this segment in 2008."
"We're very excited to move forward with a quality prepaid wireless handset program that works in our locations," said Bill Aehlich, Lead Buyer for Garden State Check Cashing. "In the past, handset distribution programs have not worked due to packaging limitations. Titan Wireless presented an innovative and effective packaging solution that will have an immediate impact on our prepaid business."
About Garden State Check Cashing and Connecticut Check Cashing
Garden State Check Cashing Service and Connecticut Check Cashing Service have been providing check cashing and related services to the states of New Jersey and Connecticut for over 25 years. Garden State Check Cashing is the largest licensed check cashing service in the state with 20 branches. Connecticut Check Cashing has 16 branches throughout Connecticut.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Titan Global Holdings Announces Strategic Distribution Agreements for Wireless Division
Thursday August 30, 3:27 pm ET
Titan Wireless Expands into Growing Check Cashing Distribution Channel Validating High Growth Strategy
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that Titan Wireless, a unit of Titan's Communication Division, closed agreements with Garden State Check Cashing and Connecticut Check Cashing to distribute wireless handsets and airtime minutes in 23 locations in New Jersey and Connecticut. The Titan Wireless launch, anticipated within the next thirty days, marks Titan's first penetration into the growing check cashing distribution channel.
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues in May 2007.
"This agreement represents our expansion into the vibrant check cashing space," stated Dennis Henderson, President of Titan's Wireless Division. "We are launching with our Mojo Mobile brand and we are designing packaging specifically for check cashers who have to distribute product from behind protective glass through a size restricting 'deal tray.' Based on our anticipated successes in this channel, we will look to aggressively grow in this segment in 2008."
"We're very excited to move forward with a quality prepaid wireless handset program that works in our locations," said Bill Aehlich, Lead Buyer for Garden State Check Cashing. "In the past, handset distribution programs have not worked due to packaging limitations. Titan Wireless presented an innovative and effective packaging solution that will have an immediate impact on our prepaid business."
About Garden State Check Cashing and Connecticut Check Cashing
Garden State Check Cashing Service and Connecticut Check Cashing Service have been providing check cashing and related services to the states of New Jersey and Connecticut for over 25 years. Garden State Check Cashing is the largest licensed check cashing service in the state with 20 branches. Connecticut Check Cashing has 16 branches throughout Connecticut.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Reports Business Development Program for Strategic Acquisition of USA Detergents
Friday August 31, 2:32 pm ET
Titan Announces Business Acceleration Initiatives to Drive Prospective Unit's Revenues to $65 Million for Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today as a result of its ongoing financial due diligence of USA Detergents, Inc. ("USAD"), a burgeoning value-driven high quality branded consumer products company categorized as "Branded Value," Titan management has identified significant business development opportunities for revenue and earnings acceleration.
On August 9, 2007 Titan announced the execution of a definitive option agreement to purchase 80% of the outstanding stock of USAD. Pursuant to the terms of the agreement, Titan will manage USAD's operations during the sixty 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 guarantee. In the event Titan exercises the option, Church & Dwight will own 7.5% and the remaining 12.5% will be owned by the existing senior management of the reorganized USAD.
During the term of the current option period, Titan has conducted extensive financial, accounting and business due diligence. Pursuant to its due diligence activities, on August 10, 2007 Titan announced the appointment of Frank Orlando as the Chief Restructuring Officer of USAD. During the option period Mr. Orlando has managed USAD's operations, Mr. Orlando and his team have identified significant business development opportunities.
"While ongoing, our due diligence activities continue to prove that USAD is a compelling acquisition for Titan with significant and immediate opportunities for revenue and earnings growth," said Mr. Orlando. "We are looking forward to working closely with USAD's management team and providing them with the strategic and financial resources to exploit USAD's opportunities in the immediate future."
"As I have previously stated, after a thorough review of USAD, we identified immediate synergies with Titan's existing distribution, products and services," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "With USAD's experience and our extensive resources and capabilities, USAD will be a tremendous addition to Titan Global Brands. Ultimately, USAD represents an opportunity that is consistent with Titan's unwavering commitment to building shareholder value."
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About USA Detergents
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. USAD's distribution footprint serves small and mid-sized retailers, wholesalers and distributors that serve metropolitan areas in the U.S. and internationally.
USAD generated revenues of $56.8 Million in 2006. As of today, USAD's backlog is $3.6 Million and its sales trend is positive. USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000 square foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Titan Global Holdings Reports Business Development Program for Strategic Acquisition of USA Detergents
Friday August 31, 2:32 pm ET
Titan Announces Business Acceleration Initiatives to Drive Prospective Unit's Revenues to $65 Million for Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today as a result of its ongoing financial due diligence of USA Detergents, Inc. ("USAD"), a burgeoning value-driven high quality branded consumer products company categorized as "Branded Value," Titan management has identified significant business development opportunities for revenue and earnings acceleration.
On August 9, 2007 Titan announced the execution of a definitive option agreement to purchase 80% of the outstanding stock of USAD. Pursuant to the terms of the agreement, Titan will manage USAD's operations during the sixty 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 guarantee. In the event Titan exercises the option, Church & Dwight will own 7.5% and the remaining 12.5% will be owned by the existing senior management of the reorganized USAD.
During the term of the current option period, Titan has conducted extensive financial, accounting and business due diligence. Pursuant to its due diligence activities, on August 10, 2007 Titan announced the appointment of Frank Orlando as the Chief Restructuring Officer of USAD. During the option period Mr. Orlando has managed USAD's operations, Mr. Orlando and his team have identified significant business development opportunities.
"While ongoing, our due diligence activities continue to prove that USAD is a compelling acquisition for Titan with significant and immediate opportunities for revenue and earnings growth," said Mr. Orlando. "We are looking forward to working closely with USAD's management team and providing them with the strategic and financial resources to exploit USAD's opportunities in the immediate future."
"As I have previously stated, after a thorough review of USAD, we identified immediate synergies with Titan's existing distribution, products and services," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "With USAD's experience and our extensive resources and capabilities, USAD will be a tremendous addition to Titan Global Brands. Ultimately, USAD represents an opportunity that is consistent with Titan's unwavering commitment to building shareholder value."
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About USA Detergents
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. USAD's distribution footprint serves small and mid-sized retailers, wholesalers and distributors that serve metropolitan areas in the U.S. and internationally.
USAD generated revenues of $56.8 Million in 2006. As of today, USAD's backlog is $3.6 Million and its sales trend is positive. USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000 square foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Titan Global Holdings Announces Strategic Launch of Titan Card Services, Inc.
Tuesday September 4, 11:20 am ET
Company's Guardian Family of Products to Capitalize on Multibillion Dollar International Prepaid Money Transfer Sector
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News), a high growth diversified holding company, today announced the business formation of Titan Card Services, Inc. ("Card Services") to capitalize on the burgeoning multibillion dollar international prepaid money transfer sector. The launch of Card Services further validates the Company's high-growth business model and provides a seamless brand extension for Titan's growing family of prepaid products that are sold through a nationwide network of more than 65,000 retailers.
Given Titan's familiarity with the prepaid sector and the specific needs of its core demographic customer base, which includes first and second generation Americans, the Company's senior management identified a significant need in this growing market to transfer funds internationally. Titan anticipates that its branded Guardian(TM) prepaid calling card products will be on retail shelves in October, 2007. For competitive reasons, Titan will not release details of these products and their pricing at this time.
The launch of Titan Card Services is the culmination of months of research, development, and focus groups, which was followed by the creation of proprietary technology that facilitated the efficient and convenient purchase, activation and transfer of funds to international destinations for customers that purchase Guardian prepaid transfer cards. To protect its proprietary technology, Titan recently retained a leading Washington D.C.-based intellectual property firm and also filed a patent application that is currently pending.
"Titan Card Services and its Guardian prepaid money transfer products mark a milestone in Titan's evolution with innovative and proprietary technology," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Our core customers struggle with inconvenient options to transfer funds to loved ones overseas. These new products will make it easy to purchase, activate, and transfer funds to thousands of locations around the globe. Additionally, these offerings will open many opportunities for us to cross-market our prepaid offerings to a burgeoning customer base. Guardian products are a tremendous addition to Titan Global Brands."
Titan recently announced the formation of Titan Global Brands 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. Guardian is Titan latest brand achievement and will create opportunities to expand and leverage its other brands.
"Guardian is the direct result of many months of hard work and investment that are now coming to fruition," said Kurt Jensen, President of Titan Communications and Card Services. "We will launch these products to our distribution channels with great anticipation. With the reach of our trusted brands and product offerings, we will enhance the quality of life for our customers with efficient communications and money transfer products."
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Tuesday September 4, 11:20 am ET
Company's Guardian Family of Products to Capitalize on Multibillion Dollar International Prepaid Money Transfer Sector
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News), a high growth diversified holding company, today announced the business formation of Titan Card Services, Inc. ("Card Services") to capitalize on the burgeoning multibillion dollar international prepaid money transfer sector. The launch of Card Services further validates the Company's high-growth business model and provides a seamless brand extension for Titan's growing family of prepaid products that are sold through a nationwide network of more than 65,000 retailers.
Given Titan's familiarity with the prepaid sector and the specific needs of its core demographic customer base, which includes first and second generation Americans, the Company's senior management identified a significant need in this growing market to transfer funds internationally. Titan anticipates that its branded Guardian(TM) prepaid calling card products will be on retail shelves in October, 2007. For competitive reasons, Titan will not release details of these products and their pricing at this time.
The launch of Titan Card Services is the culmination of months of research, development, and focus groups, which was followed by the creation of proprietary technology that facilitated the efficient and convenient purchase, activation and transfer of funds to international destinations for customers that purchase Guardian prepaid transfer cards. To protect its proprietary technology, Titan recently retained a leading Washington D.C.-based intellectual property firm and also filed a patent application that is currently pending.
"Titan Card Services and its Guardian prepaid money transfer products mark a milestone in Titan's evolution with innovative and proprietary technology," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Our core customers struggle with inconvenient options to transfer funds to loved ones overseas. These new products will make it easy to purchase, activate, and transfer funds to thousands of locations around the globe. Additionally, these offerings will open many opportunities for us to cross-market our prepaid offerings to a burgeoning customer base. Guardian products are a tremendous addition to Titan Global Brands."
Titan recently announced the formation of Titan Global Brands 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. Guardian is Titan latest brand achievement and will create opportunities to expand and leverage its other brands.
"Guardian is the direct result of many months of hard work and investment that are now coming to fruition," said Kurt Jensen, President of Titan Communications and Card Services. "We will launch these products to our distribution channels with great anticipation. With the reach of our trusted brands and product offerings, we will enhance the quality of life for our customers with efficient communications and money transfer products."
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings to Update Fiscal 2008 Guidance on September 5, 2007
Tuesday September 4, 1:00 pm ET
Titan's Updated Guidance to Include Strategic Outlook and Projected Fiscal 2008 Revenues Following Latest Strategic Achievements
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that on September 5, 2007 the Company will updated its fiscal 2008 revenue guidance and define the Company's strategic vision for the 2008 fiscal year. Titan's updated revenue guidance will reflect the Company's recent strategic achievements, including the launch of Titan Card Services and the pending acquisitions of Appalachian Oil Company (Appco) and USA Detergents.
Titan previously 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 Appco, an established petroleum product distribution company that generated revenues of approximately $400 million in fiscal 2006.
"Within the next several weeks we expect to close the acquisition of Appalachian Oil Company and likely the acquisition of USA Detergents," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "In addition, this morning we announced the formation of Titan Card Services, which we expect to have a profound impact on our financial performance for the fiscal year 2008. We expect 2008 to be a transformative year for Titan as we continue to capitalize on high-growth revenue opportunities that we believe will build significant and long-term shareholder value."
The forecasted growth also reflects the continued expansion of Titan's Communications division and technology portfolio of companies, through both internal growth and growth achieved through acquisitions.
"We have spent a considerable amount of energy with our divisional management to explore fiscal 2008 budgets, opportunities for growth and cross divisional opportunities to leverage our family of brands and talented management team," said Scott Hensell, Chief Financial Officer of Titan Global Holdings.
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About USA Detergents
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. USAD's distribution footprint serves small and mid-sized retailers, wholesalers and distributors that serve metropolitan areas in the U.S. and internationally.
USAD generated revenues of $56.8 Million in 2006. As of today, USAD's backlog is $3.6 Million and its sales trend is positive. USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000 square foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Titan Global Holdings to Update Fiscal 2008 Guidance on September 5, 2007
Tuesday September 4, 1:00 pm ET
Titan's Updated Guidance to Include Strategic Outlook and Projected Fiscal 2008 Revenues Following Latest Strategic Achievements
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that on September 5, 2007 the Company will updated its fiscal 2008 revenue guidance and define the Company's strategic vision for the 2008 fiscal year. Titan's updated revenue guidance will reflect the Company's recent strategic achievements, including the launch of Titan Card Services and the pending acquisitions of Appalachian Oil Company (Appco) and USA Detergents.
Titan previously 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 Appco, an established petroleum product distribution company that generated revenues of approximately $400 million in fiscal 2006.
"Within the next several weeks we expect to close the acquisition of Appalachian Oil Company and likely the acquisition of USA Detergents," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "In addition, this morning we announced the formation of Titan Card Services, which we expect to have a profound impact on our financial performance for the fiscal year 2008. We expect 2008 to be a transformative year for Titan as we continue to capitalize on high-growth revenue opportunities that we believe will build significant and long-term shareholder value."
The forecasted growth also reflects the continued expansion of Titan's Communications division and technology portfolio of companies, through both internal growth and growth achieved through acquisitions.
"We have spent a considerable amount of energy with our divisional management to explore fiscal 2008 budgets, opportunities for growth and cross divisional opportunities to leverage our family of brands and talented management team," said Scott Hensell, Chief Financial Officer of Titan Global Holdings.
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About USA Detergents
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. USAD's distribution footprint serves small and mid-sized retailers, wholesalers and distributors that serve metropolitan areas in the U.S. and internationally.
USAD generated revenues of $56.8 Million in 2006. As of today, USAD's backlog is $3.6 Million and its sales trend is positive. USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000 square foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
TITAN GLOBAL HOLDINGS
Titan Global Holdings Outlines Strategic Vision for Fiscal Year 2008 and Beyond
9/5/2007
Company Sets Course for Continued Revenue and Earnings Growth in
Several Multibillion Dollar Sectors
RICHARDSON, Texas, Sep 05, 2007 (BUSINESS WIRE) --
Titan Global Holdings, Inc. (Titan) (OTCBB:TTGL), a high-growth diversified holding company, today defined the Company's strategic vision for fiscal year 2008. The announcement was made by Bryan Chance, President and Chief Executive Officer of Titan Global Holdings.
Titan owns and operates high-growth platform companies that compete in the dynamic sectors of energy, communications, consumer products, advanced technologies, and in homeland security. The company's corporate and divisional strategic vision addresses multibillion dollar market opportunities in each of these sectors.
Corporate Strategic Vision
- Continued improvement in balance sheet position of Titan to include a swing to positive shareholders' equity and continued de-leveraging of debt-financed transactions.
- Advanced development of Titan Global Brands, bringing more than 125 of the Company's well-known brands into synergistic alignment to the markets served by each division.
- Focused pursuit of listing the Company's stock on the NASDAQ exchange in fiscal 2008, aligning the growth trajectory of the company with the appropriate trading exchange.
Strategic Vision for Titan Global Energy Group
- Closing of Appalachian Oil Company as an initial platform and infrastructure.
- Increased integration of biofuel products through strategic agreements and acquisitions that will enhance core profitability at wholesale and retail distribution and environmental responsibility in the markets the Company serves.
- Continued integration of opportunities to vertically integrate our operations as a means to increasing our leverage and position in the energy product life cycle.
- Continued pursuit of additional acquisitions that add new markets and continued organic growth in contiguous markets.
Strategic Vision for Titan Communications
- Continued expansion of internal switching operations through the Company's Starttalk subsidiary.
- Added point of sale solutions to increase market exposure of existing products and accelerate cash flows from resulting sales.
- Continued diversification of Communications customer base to include large discount retailers and food and drug mass retailers.
Strategic Vision for Titan Global Brands
- Closing of the USA Detergents acquisition
- Accelerated growth of the divisions' laundry, cleaners and candle products through the addition of new distribution channels that will include convenience store chains and other points of distribution.
- Accelerated new product development to focus on the Company's patented single use delivery system of cleaners and personal use products.
Strategic Vision for Titan Electronics and Homeland Security
- Continued geographic diversification of customer base to limit impact of economic swings in the electronics and defense industries.
- Accelerated growth of the Company's innovative "rep-centric" sales approach.
Chairman's Comments on Titan's Strategic Vision
"Titan Global enters fiscal 2008 with unbridled optimism and opportunity," said David Marks, Chairman of Titan Global Holdings. "With the planned closing of our initial acquisition in the energy sector and our launch into consumer products, we plan to create value from a broad array of vibrant sectors."
Corporate Initiatives to Fulfill Stated Vision
Corporate Strategic Initiative 1 - Continued improvement in balance sheet position of Titan to include a swing to positive shareholders' equity and continued de-leveraging of debt-financed transactions.
We are projecting continued accelerated earnings in each subsidiary which will invert negative shareholders' equity to positive shareholders' equity in fiscal year 2008. Additionally, we will continue to utilize division cash flows to de-leverage acquired assets, improving the balance sheet strength of Titan, enabling the Company to aggressively pursue future complementary strategic asset acquisitions.
Corporate Strategic Initiative 2 - Advanced development of Titan Global Brands, bringing more than 125 of the Company's well-known brands into synergistic alignment to the markets served by each division.
We will continue to integrate our business units' brand management to leverage and optimize overlapping distribution channels. Currently, Titan's business units own or manage over 100 trusted brands that are distributed through efficient, overlapping and expansive distribution channels. Titan's distribution channels reach more than 65,000 retail locations throughout the United States.
Corporate Strategic Initiative 3 - Focused pursuit of listing the Company's stock on the NASDAQ exchange in fiscal year 2008, aligning the growth trajectory of the Company with the appropriate trading exchange.
"Given our progress on both organic and strategic levels, our Board of Directors concluded this was the right time to pursue listing on NASDAQ," said David Marks, Chairman, Titan Global Holdings. "While there is no guarantee the NASDAQ will accept Titan, we are confident that we can satisfy the requirements needed to achieve a listing."
Fulfilling Titan Global Energy's Stated Vision
Titan Global Energy Strategic Initiative 1 - Increased integration of biofuel products through strategic agreements and acquisitions that will enhance core profitability at wholesale and retail distribution and environmental responsibility in the markets we serve.
We will be one of the leading sources of fuel products in East Tennessee, Southwest Virginia and Kentucky with the purchase of Appalachian Oil Company, which is expected to close in September 2007. Our commitment to our shareholders and our stakeholders drives us to provide more environmentally efficient solutions that produce a greater financial return as well. As such, we are committed to increase our distribution of biofuels products to include increased ethanol blended products and biodiesel products. We plan to increase our access and distribution of biofuels products over 10% in fiscal year 2008.
Our strategic equity investors and management team will continue to pursue strategic supply agreements to increase our access to these biofuel products.
Titan Global Energy Strategic Initiative 2 - Continued integration of opportunities to vertically integrate our operations to increase our leverage and position in the energy product life cycle.
With the anticipated purchase of Appco, we will have strategic relationships with terminal operators that provide reliable access to the necessary fuels to supply our customers. During fiscal year 2008 and beyond, we will seek opportunities to expand our vertical integration efforts to add strategic relationships or acquisitions of such assets that further vertically integrate our efforts. With our seasoned sales team at Appco, we believe that we can rapidly increase the demand to outpace our planned increases in such supply.
Our strategic equity investors and management team are pursuing the strategic acquisition of domestic natural resources to upstream into Titan's distribution channels.
Titan Global Energy Strategic Initiative 3 - Continued pursuit of additional acquisitions that add new markets we serve and continued organic growth in contiguous markets.
With our planned acquisition of Appco, we will distribute petroleum products to more than 160 dealers in the southeastern United States and own and operate 56 convenience store locations. Appco's strong revenue base and storied 84-year history provide us with an ideal platform company for further expansion of our energy efforts. Furthermore, we will preserve and leverage Appco's industry-leading management team, which has more than 125 years' experience in the petroleum and convenience store industry.
As such, we will have an ideal platform company to assist in the aggressive pursuit of acquisition opportunities that will vertically integrate our supply chain and increase our distribution footprint to new strategic markets.
Fulfilling Titan Communications' Stated Vision
Titan Communications Strategic Initiative 1 - Continued expansion of internal switching operations through the Company's Starttalk subsidiary.
We will continue to expand internal network operations to increase our reach and improve our termination costs to the markets we currently serve. We will continue to leverage opportunities to increase our network of carriers and termination options so that we can optimize call quality and efficiency.
Titan Communications Strategic Initiative 2 - Added point of sale solutions to increase market exposure of existing products and accelerate cash flows from resulting sales.
We are continuing our pursuit of point of sale activation partners that will increase our reach and distribution and improve our cash flow. With point of sale activated products, we can increase the coverage of our products as products do not become "live" or "activated" until they are scanned through point of sale activation systems. Additionally, increased inclusion in these systems will improve cash flow as transactions are cleared in a similar manner to credit card transactions.
Titan Communications Strategic Initiative 3 - Continued diversification of Communications customer base to include large discount retailers and food and drug mass retailers.
We will continue to identify new channels to expand the reach of our international long distance and wireless communications products. We plan to add three large discount retailers or food and drug mass retailers in fiscal year 2008.
Fulfilling Titan Global Brands' Stated Vision
Titan Global Brands Strategic Initiative 1 - Accelerated growth of the division's laundry, cleaners and candle products through the addition of new distribution points to include chain convenience stores and other points of distribution.
We will leverage other divisions' expertise in chain convenience store distribution to accelerate our growth in our laundry, cleaning and candle products. Chain convenience stores provide profitable means of reaching our targeted customers nationwide which will increase our market share and profit margins.
Titan Global Brands Strategic Initiative 2 - Added commercial account distribution of cleaning products.
We will pursue the addition of commercial customers to the distribution of our cleaning and detergent products. The addition of commercial account customers will optimize our plant operations and add incrementally profitable sales to our increasing customer base in fiscal year 2008.
Titan Global Brands Strategic Initiative 3 - Accelerated new product development to focus on the Company's patented single use delivery system of cleaners and personal use products.
Through our planned acquisition of USA Detergents, we are acquiring intellectual property rights to single use delivery systems for cleaning products. We intend to increase the production of this technology in fiscal 2008 and identify new unique applications in new markets and with new products.
Fulfilling Titan Electronics and Homeland Security's Stated Vision
Titan Electronics Strategic Initiative 1 - Continued geographic diversification of customer base to limit impact of economic swings in the electronics and defense industries.
We will continue our efforts to obtain optimal geographic and industry diversity in our electronics group. Entering fiscal year 2007, our customers were highly concentrated in the Silicon Valley area and we were subject to economic swings in that regional economy. Entering fiscal year 2008, less than 50% of our customers are in the Silicon Valley area as we have added significant new customers in new industries nationwide that limit our exposure to any region's economic swings. We will continue these diversification efforts in fiscal year 2008 to better position this division for profitable and sustained growth.
Titan Electronics Strategic Initiative 2 - Accelerated growth of the Company's innovative "rep-centric" sales approach.
In fiscal year 2007, we increased our sales leadership in our electronics and homeland security division with the addition of Mike Kadlec. Mr. Kadlec championed our transition to a "rep-centric" sales approach which reduced our selling, general and administrative costs and dramatically expanded the reach of the Company through an independent sales representative network. We will continue to grow this network 25% in fiscal year 2008 as we seek to gain market share through increased on-time deliveries and enhanced operational performance.
Final Comments
"Our strategic initiatives for fiscal year 2008 are ambitious and aggressive and designed to fulfill our corporate and divisional vision," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Our dedicated business unit leaders and our corporate leadership are committed to executing these initiatives and fulfilling our vision. Our goal is the material increase in shareholder value."
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About USA Detergents
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. USAD's distribution footprint serves small and mid-sized retailers, wholesalers and distributors that serve metropolitan areas in the U.S. and internationally.
USAD generated revenues of $56.8 million in 2006. As of today, USAD's backlog is $3.6 million and its sales trend is positive. USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000-square-foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
SOURCE: Titan Global Holdings, Inc.
Financial Communications: Trilogy Capital Partners Ryon Harms, Toll-free: 800-592-6067 ryon@trilogy-capital.com
Copyright Business Wire 2007
Titan Global Holdings Outlines Strategic Vision for Fiscal Year 2008 and Beyond
9/5/2007
Company Sets Course for Continued Revenue and Earnings Growth in
Several Multibillion Dollar Sectors
RICHARDSON, Texas, Sep 05, 2007 (BUSINESS WIRE) --
Titan Global Holdings, Inc. (Titan) (OTCBB:TTGL), a high-growth diversified holding company, today defined the Company's strategic vision for fiscal year 2008. The announcement was made by Bryan Chance, President and Chief Executive Officer of Titan Global Holdings.
Titan owns and operates high-growth platform companies that compete in the dynamic sectors of energy, communications, consumer products, advanced technologies, and in homeland security. The company's corporate and divisional strategic vision addresses multibillion dollar market opportunities in each of these sectors.
Corporate Strategic Vision
- Continued improvement in balance sheet position of Titan to include a swing to positive shareholders' equity and continued de-leveraging of debt-financed transactions.
- Advanced development of Titan Global Brands, bringing more than 125 of the Company's well-known brands into synergistic alignment to the markets served by each division.
- Focused pursuit of listing the Company's stock on the NASDAQ exchange in fiscal 2008, aligning the growth trajectory of the company with the appropriate trading exchange.
Strategic Vision for Titan Global Energy Group
- Closing of Appalachian Oil Company as an initial platform and infrastructure.
- Increased integration of biofuel products through strategic agreements and acquisitions that will enhance core profitability at wholesale and retail distribution and environmental responsibility in the markets the Company serves.
- Continued integration of opportunities to vertically integrate our operations as a means to increasing our leverage and position in the energy product life cycle.
- Continued pursuit of additional acquisitions that add new markets and continued organic growth in contiguous markets.
Strategic Vision for Titan Communications
- Continued expansion of internal switching operations through the Company's Starttalk subsidiary.
- Added point of sale solutions to increase market exposure of existing products and accelerate cash flows from resulting sales.
- Continued diversification of Communications customer base to include large discount retailers and food and drug mass retailers.
Strategic Vision for Titan Global Brands
- Closing of the USA Detergents acquisition
- Accelerated growth of the divisions' laundry, cleaners and candle products through the addition of new distribution channels that will include convenience store chains and other points of distribution.
- Accelerated new product development to focus on the Company's patented single use delivery system of cleaners and personal use products.
Strategic Vision for Titan Electronics and Homeland Security
- Continued geographic diversification of customer base to limit impact of economic swings in the electronics and defense industries.
- Accelerated growth of the Company's innovative "rep-centric" sales approach.
Chairman's Comments on Titan's Strategic Vision
"Titan Global enters fiscal 2008 with unbridled optimism and opportunity," said David Marks, Chairman of Titan Global Holdings. "With the planned closing of our initial acquisition in the energy sector and our launch into consumer products, we plan to create value from a broad array of vibrant sectors."
Corporate Initiatives to Fulfill Stated Vision
Corporate Strategic Initiative 1 - Continued improvement in balance sheet position of Titan to include a swing to positive shareholders' equity and continued de-leveraging of debt-financed transactions.
We are projecting continued accelerated earnings in each subsidiary which will invert negative shareholders' equity to positive shareholders' equity in fiscal year 2008. Additionally, we will continue to utilize division cash flows to de-leverage acquired assets, improving the balance sheet strength of Titan, enabling the Company to aggressively pursue future complementary strategic asset acquisitions.
Corporate Strategic Initiative 2 - Advanced development of Titan Global Brands, bringing more than 125 of the Company's well-known brands into synergistic alignment to the markets served by each division.
We will continue to integrate our business units' brand management to leverage and optimize overlapping distribution channels. Currently, Titan's business units own or manage over 100 trusted brands that are distributed through efficient, overlapping and expansive distribution channels. Titan's distribution channels reach more than 65,000 retail locations throughout the United States.
Corporate Strategic Initiative 3 - Focused pursuit of listing the Company's stock on the NASDAQ exchange in fiscal year 2008, aligning the growth trajectory of the Company with the appropriate trading exchange.
"Given our progress on both organic and strategic levels, our Board of Directors concluded this was the right time to pursue listing on NASDAQ," said David Marks, Chairman, Titan Global Holdings. "While there is no guarantee the NASDAQ will accept Titan, we are confident that we can satisfy the requirements needed to achieve a listing."
Fulfilling Titan Global Energy's Stated Vision
Titan Global Energy Strategic Initiative 1 - Increased integration of biofuel products through strategic agreements and acquisitions that will enhance core profitability at wholesale and retail distribution and environmental responsibility in the markets we serve.
We will be one of the leading sources of fuel products in East Tennessee, Southwest Virginia and Kentucky with the purchase of Appalachian Oil Company, which is expected to close in September 2007. Our commitment to our shareholders and our stakeholders drives us to provide more environmentally efficient solutions that produce a greater financial return as well. As such, we are committed to increase our distribution of biofuels products to include increased ethanol blended products and biodiesel products. We plan to increase our access and distribution of biofuels products over 10% in fiscal year 2008.
Our strategic equity investors and management team will continue to pursue strategic supply agreements to increase our access to these biofuel products.
Titan Global Energy Strategic Initiative 2 - Continued integration of opportunities to vertically integrate our operations to increase our leverage and position in the energy product life cycle.
With the anticipated purchase of Appco, we will have strategic relationships with terminal operators that provide reliable access to the necessary fuels to supply our customers. During fiscal year 2008 and beyond, we will seek opportunities to expand our vertical integration efforts to add strategic relationships or acquisitions of such assets that further vertically integrate our efforts. With our seasoned sales team at Appco, we believe that we can rapidly increase the demand to outpace our planned increases in such supply.
Our strategic equity investors and management team are pursuing the strategic acquisition of domestic natural resources to upstream into Titan's distribution channels.
Titan Global Energy Strategic Initiative 3 - Continued pursuit of additional acquisitions that add new markets we serve and continued organic growth in contiguous markets.
With our planned acquisition of Appco, we will distribute petroleum products to more than 160 dealers in the southeastern United States and own and operate 56 convenience store locations. Appco's strong revenue base and storied 84-year history provide us with an ideal platform company for further expansion of our energy efforts. Furthermore, we will preserve and leverage Appco's industry-leading management team, which has more than 125 years' experience in the petroleum and convenience store industry.
As such, we will have an ideal platform company to assist in the aggressive pursuit of acquisition opportunities that will vertically integrate our supply chain and increase our distribution footprint to new strategic markets.
Fulfilling Titan Communications' Stated Vision
Titan Communications Strategic Initiative 1 - Continued expansion of internal switching operations through the Company's Starttalk subsidiary.
We will continue to expand internal network operations to increase our reach and improve our termination costs to the markets we currently serve. We will continue to leverage opportunities to increase our network of carriers and termination options so that we can optimize call quality and efficiency.
Titan Communications Strategic Initiative 2 - Added point of sale solutions to increase market exposure of existing products and accelerate cash flows from resulting sales.
We are continuing our pursuit of point of sale activation partners that will increase our reach and distribution and improve our cash flow. With point of sale activated products, we can increase the coverage of our products as products do not become "live" or "activated" until they are scanned through point of sale activation systems. Additionally, increased inclusion in these systems will improve cash flow as transactions are cleared in a similar manner to credit card transactions.
Titan Communications Strategic Initiative 3 - Continued diversification of Communications customer base to include large discount retailers and food and drug mass retailers.
We will continue to identify new channels to expand the reach of our international long distance and wireless communications products. We plan to add three large discount retailers or food and drug mass retailers in fiscal year 2008.
Fulfilling Titan Global Brands' Stated Vision
Titan Global Brands Strategic Initiative 1 - Accelerated growth of the division's laundry, cleaners and candle products through the addition of new distribution points to include chain convenience stores and other points of distribution.
We will leverage other divisions' expertise in chain convenience store distribution to accelerate our growth in our laundry, cleaning and candle products. Chain convenience stores provide profitable means of reaching our targeted customers nationwide which will increase our market share and profit margins.
Titan Global Brands Strategic Initiative 2 - Added commercial account distribution of cleaning products.
We will pursue the addition of commercial customers to the distribution of our cleaning and detergent products. The addition of commercial account customers will optimize our plant operations and add incrementally profitable sales to our increasing customer base in fiscal year 2008.
Titan Global Brands Strategic Initiative 3 - Accelerated new product development to focus on the Company's patented single use delivery system of cleaners and personal use products.
Through our planned acquisition of USA Detergents, we are acquiring intellectual property rights to single use delivery systems for cleaning products. We intend to increase the production of this technology in fiscal 2008 and identify new unique applications in new markets and with new products.
Fulfilling Titan Electronics and Homeland Security's Stated Vision
Titan Electronics Strategic Initiative 1 - Continued geographic diversification of customer base to limit impact of economic swings in the electronics and defense industries.
We will continue our efforts to obtain optimal geographic and industry diversity in our electronics group. Entering fiscal year 2007, our customers were highly concentrated in the Silicon Valley area and we were subject to economic swings in that regional economy. Entering fiscal year 2008, less than 50% of our customers are in the Silicon Valley area as we have added significant new customers in new industries nationwide that limit our exposure to any region's economic swings. We will continue these diversification efforts in fiscal year 2008 to better position this division for profitable and sustained growth.
Titan Electronics Strategic Initiative 2 - Accelerated growth of the Company's innovative "rep-centric" sales approach.
In fiscal year 2007, we increased our sales leadership in our electronics and homeland security division with the addition of Mike Kadlec. Mr. Kadlec championed our transition to a "rep-centric" sales approach which reduced our selling, general and administrative costs and dramatically expanded the reach of the Company through an independent sales representative network. We will continue to grow this network 25% in fiscal year 2008 as we seek to gain market share through increased on-time deliveries and enhanced operational performance.
Final Comments
"Our strategic initiatives for fiscal year 2008 are ambitious and aggressive and designed to fulfill our corporate and divisional vision," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Our dedicated business unit leaders and our corporate leadership are committed to executing these initiatives and fulfilling our vision. Our goal is the material increase in shareholder value."
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About USA Detergents
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. USAD's distribution footprint serves small and mid-sized retailers, wholesalers and distributors that serve metropolitan areas in the U.S. and internationally.
USAD generated revenues of $56.8 million in 2006. As of today, USAD's backlog is $3.6 million and its sales trend is positive. USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000-square-foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
SOURCE: Titan Global Holdings, Inc.
Financial Communications: Trilogy Capital Partners Ryon Harms, Toll-free: 800-592-6067 ryon@trilogy-capital.com
Copyright Business Wire 2007
Dazu mal ein Kommentar - einfach genial, diese Firma 
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Issues Updated Revenue Guidance for Fiscal 2008 of Record $747 Million
Wednesday September 5, 10:49 am ET
Company's Updated Forecast Reflects Recent Launch of Titan Card Services, the Acquisition of Appco and of USAD
DALLAS--(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 $747 Million following the proposed milestone acquisition of Appalachian Oil Company and USA Detergents, with both expected to close in September, 2007. The revenue guidance also reflects the recent launch of Titan Card Services, which will generate revenues in the multibillion dollar international prepaid money transfer sector.
Titan Global Energy - Projected Revenues: $433 Million
Titan recently formed Titan Global Energy (Titan Energy), a division engaged in the acquisition and management of complementary energy sector assets. Titan Energy has and will capitalize on earnings opportunities within the energy sector. Titan Energy will aggregate energy assets which can provide significant opportunities for revenue and earnings growth.
Titan Energy recently announced its planned acquisition of the outstanding stock of Appalachian Oil Company (Appco), a privately-held company that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"As Titan continues to expand in the dynamic energy sector, Appco gives us an ideal platform from which to make significant additional acquisitions," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "The revenue forecast for this division is based upon the status of Appco's current operations and market conditions within the energy sector. Titan continues to work diligently with its supplier partners to introduce biofuels and other products to maintain a position of leader in the markets that we serve."
Titan Communications- Projected Revenues: $174 Million
Titan's Communications division is comprised of Oblio Telecom (distribution), Starttalk (international network operations), Titan Wireless (wireless operations) and Pinless (e-commerce applications). During fiscal year 2007 the Communications division achieved the significant milestone of moving all international traffic through internal switched operations. This achievement positions the company to continue its accelerated growth in fiscal 2008 with more rapid delivery of new products and more efficient call termination options. In fiscal 2007, The Company strengthened its distribution channels to over 65,000 retail outlets with the acquisition of Ready Mobile in May 2007. The Communications Division generated $89 million in revenues in 2006 and generated over $80 million in revenues for the nine months ended May 31, 2007.
"Our Communications Division continues to show solid year-over-year growth that we believe will continue to be one of Titan's main drivers of shareholder value," said Kurt Jensen, President and Chief Executive Officer of Titan Communications and Card Services. "Titan continues through strategic acquisitions such as Ready Mobile to expand our market share and build our brand equity."
Titan Global Brands- Projected Revenues: $65 Million
During the fourth quarter of fiscal 2007, Titan announced the execution of a definitive option agreement to purchase 80% of the outstanding stock of USA Detergents, Inc. (USAD). Pursuant to the terms of the agreement, Titan has managed USAD's operations during the sixty day option period and Titan guaranteed bridge financing up to $1.5 million for USAD's continuing operations. In the event Titan exercises its option, Church & Dwight will own 7.5% and the remaining 12.5% will be owned by the existing senior management of the reorganized USAD.
"While ongoing, our due diligence activities continue to prove that USAD is a compelling acquisition for Titan with significant and immediate opportunities for revenue and earnings growth," said Frank Orlando, Chief Restructuring Officer of Titan, which was recently placed at USAD to identify growth-driven opportunities. "We are looking forward to working closely with USAD's management team and providing them with the strategic and financial resources to exploit USAD's opportunities in the immediate future. Additionally, we will leverage synergies with Titan's existing distribution, products and services to immediately increase USAD's revenue streams and margins."
Titan Card Services- Projected Revenues: $45 Million
Titan yesterday announced the formation of Titan Card Services, Inc. to capitalize on the burgeoning multibillion dollar international prepaid money transfer sector. The launch of Card Services further validates the Company's high-growth business model and provides a seamless brand extension for Titan's growing family of prepaid products that are sold through a nationwide network of more than 65,000 retailers.
Given Titan's familiarity with the prepaid sector and the specific needs of its core demographic customer base, which includes first and second generation Americans, the Company's senior management identified a significant need in this growing market to transfer funds internationally. Titan anticipates that its branded Guardian(TM) prepaid calling card products will be on retail shelves in October, 2007.
"We expect to leverage our trusted position and brands with first and second generation Americans to expand our offerings to money transfer services under the Guardian family of products," said Mr. Jensen. "With our creative and user-friendly approach and our established distribution network that includes over 65,000 retail locations targeted towards this burgeoning demographic segment, we expect high operating margins and rapid consumer acceptance of these products."
Titan Electronics and Homeland Security- Projected Revenues: $30 Million
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. Titan announced that this division will realize this record performance through continued efforts to increase its market share in the quick-turn market through its renowned "rep-centric" sales organization. Additionally, the division expects to grow is valued military spec business as well.
"We closed our fourth quarter of fiscal year 2007 with great momentum," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "In fiscal 2008 we will reap the rewards of Mike Kadlec and Saul Kennedy's efforts to redefine our sales approach and geographic reach this past year. We now have tremendous geographic diversity in our customer base and we are not as dependent on specific geographic areas or sectors. Our team looks forward to producing tremendous shareholder returns in fiscal year 2008."
Closing Comments
"Our entire team enters fiscal 2008 with great anticipation and with high expectations," said Mr. Chance. "We will continue to create shareholder value through our dynamic combination of business assets in growth sectors such as energy, communications, consumer products and electronics."
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About USA Detergents
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. USAD's distribution footprint serves small and mid-sized retailers, wholesalers and distributors that serve metropolitan areas in the U.S. and internationally.
USAD generated revenues of $56.8 Million in 2006. As of today, USAD's backlog is $3.6 Million and its sales trend is positive. USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000 square foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Issues Updated Revenue Guidance for Fiscal 2008 of Record $747 Million
Wednesday September 5, 10:49 am ET
Company's Updated Forecast Reflects Recent Launch of Titan Card Services, the Acquisition of Appco and of USAD
DALLAS--(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 $747 Million following the proposed milestone acquisition of Appalachian Oil Company and USA Detergents, with both expected to close in September, 2007. The revenue guidance also reflects the recent launch of Titan Card Services, which will generate revenues in the multibillion dollar international prepaid money transfer sector.
Titan Global Energy - Projected Revenues: $433 Million
Titan recently formed Titan Global Energy (Titan Energy), a division engaged in the acquisition and management of complementary energy sector assets. Titan Energy has and will capitalize on earnings opportunities within the energy sector. Titan Energy will aggregate energy assets which can provide significant opportunities for revenue and earnings growth.
Titan Energy recently announced its planned acquisition of the outstanding stock of Appalachian Oil Company (Appco), a privately-held company that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"As Titan continues to expand in the dynamic energy sector, Appco gives us an ideal platform from which to make significant additional acquisitions," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "The revenue forecast for this division is based upon the status of Appco's current operations and market conditions within the energy sector. Titan continues to work diligently with its supplier partners to introduce biofuels and other products to maintain a position of leader in the markets that we serve."
Titan Communications- Projected Revenues: $174 Million
Titan's Communications division is comprised of Oblio Telecom (distribution), Starttalk (international network operations), Titan Wireless (wireless operations) and Pinless (e-commerce applications). During fiscal year 2007 the Communications division achieved the significant milestone of moving all international traffic through internal switched operations. This achievement positions the company to continue its accelerated growth in fiscal 2008 with more rapid delivery of new products and more efficient call termination options. In fiscal 2007, The Company strengthened its distribution channels to over 65,000 retail outlets with the acquisition of Ready Mobile in May 2007. The Communications Division generated $89 million in revenues in 2006 and generated over $80 million in revenues for the nine months ended May 31, 2007.
"Our Communications Division continues to show solid year-over-year growth that we believe will continue to be one of Titan's main drivers of shareholder value," said Kurt Jensen, President and Chief Executive Officer of Titan Communications and Card Services. "Titan continues through strategic acquisitions such as Ready Mobile to expand our market share and build our brand equity."
Titan Global Brands- Projected Revenues: $65 Million
During the fourth quarter of fiscal 2007, Titan announced the execution of a definitive option agreement to purchase 80% of the outstanding stock of USA Detergents, Inc. (USAD). Pursuant to the terms of the agreement, Titan has managed USAD's operations during the sixty day option period and Titan guaranteed bridge financing up to $1.5 million for USAD's continuing operations. In the event Titan exercises its option, Church & Dwight will own 7.5% and the remaining 12.5% will be owned by the existing senior management of the reorganized USAD.
"While ongoing, our due diligence activities continue to prove that USAD is a compelling acquisition for Titan with significant and immediate opportunities for revenue and earnings growth," said Frank Orlando, Chief Restructuring Officer of Titan, which was recently placed at USAD to identify growth-driven opportunities. "We are looking forward to working closely with USAD's management team and providing them with the strategic and financial resources to exploit USAD's opportunities in the immediate future. Additionally, we will leverage synergies with Titan's existing distribution, products and services to immediately increase USAD's revenue streams and margins."
Titan Card Services- Projected Revenues: $45 Million
Titan yesterday announced the formation of Titan Card Services, Inc. to capitalize on the burgeoning multibillion dollar international prepaid money transfer sector. The launch of Card Services further validates the Company's high-growth business model and provides a seamless brand extension for Titan's growing family of prepaid products that are sold through a nationwide network of more than 65,000 retailers.
Given Titan's familiarity with the prepaid sector and the specific needs of its core demographic customer base, which includes first and second generation Americans, the Company's senior management identified a significant need in this growing market to transfer funds internationally. Titan anticipates that its branded Guardian(TM) prepaid calling card products will be on retail shelves in October, 2007.
"We expect to leverage our trusted position and brands with first and second generation Americans to expand our offerings to money transfer services under the Guardian family of products," said Mr. Jensen. "With our creative and user-friendly approach and our established distribution network that includes over 65,000 retail locations targeted towards this burgeoning demographic segment, we expect high operating margins and rapid consumer acceptance of these products."
Titan Electronics and Homeland Security- Projected Revenues: $30 Million
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. Titan announced that this division will realize this record performance through continued efforts to increase its market share in the quick-turn market through its renowned "rep-centric" sales organization. Additionally, the division expects to grow is valued military spec business as well.
"We closed our fourth quarter of fiscal year 2007 with great momentum," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "In fiscal 2008 we will reap the rewards of Mike Kadlec and Saul Kennedy's efforts to redefine our sales approach and geographic reach this past year. We now have tremendous geographic diversity in our customer base and we are not as dependent on specific geographic areas or sectors. Our team looks forward to producing tremendous shareholder returns in fiscal year 2008."
Closing Comments
"Our entire team enters fiscal 2008 with great anticipation and with high expectations," said Mr. Chance. "We will continue to create shareholder value through our dynamic combination of business assets in growth sectors such as energy, communications, consumer products and electronics."
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About USA Detergents
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. USAD's distribution footprint serves small and mid-sized retailers, wholesalers and distributors that serve metropolitan areas in the U.S. and internationally.
USAD generated revenues of $56.8 Million in 2006. As of today, USAD's backlog is $3.6 Million and its sales trend is positive. USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000 square foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Antwort auf Beitrag Nr.: 31.399.691 von wayne99 am 05.09.07 16:53:45Mit den Aquisitionen ist TTGL sehr breit aufgestellt. Ausserdem kommt da einiges an Umsatz fuer 2008 zusammen. Ich denke TTGL hat ordentlich Potential und das spiegelt sich derzeit in der Kursnotiz wieder. Bei dem zu erwartenden KUV sollte ein Kursziel von 8-10$ auf jeden Fall drinnen sein. Meine Meinung.
Antwort auf Beitrag Nr.: 31.401.847 von SharpRatio am 05.09.07 18:47:19Durch das laufende Aktienrückkaufprogramm (noch ca. 2,5Mio. Stck.) und das evtl. NASDAQ-Listing ist das sogar ein konseratives Kursziel
MK momentan 104Mio.$, erwarteter Umsatz 2008 740Mio.$ - da ist noch viel Luft nach oben
MK momentan 104Mio.$, erwarteter Umsatz 2008 740Mio.$ - da ist noch viel Luft nach oben
Antwort auf Beitrag Nr.: 31.403.760 von wayne99 am 05.09.07 19:55:48Ja, ganz ehrlich, dass dachte ich auch. Aber wenn man so dick aufträgt .... Deshalb lieber kleinere Brötchen backen! 
Unterm Strich ist TTGL wirklich eine echte Chance derzeit. Besonders im Hinblick auf die zu erwartenden News, die da anstehen. Am Newsflow sollte es nicht mangeln.
Unterm Strich ist TTGL wirklich eine echte Chance derzeit. Besonders im Hinblick auf die zu erwartenden News, die da anstehen. Am Newsflow sollte es nicht mangeln.
747 Mio. $ Revenue. Wenn die dass stemmen, dann gehts zur Sache. Am 12 September steht der nächste Wichtige Meilenstein an, die Aquisition von Appalachian Oil Company. Titan's management anticipates Appco will generate record revenues in excess of $410 million with increased positive cash flow for the fiscal year ended September 30, 2007.
Antwort auf Beitrag Nr.: 27.594.401 von okieh66 am 10.02.07 22:00:34Moin! Was mich wundert ist, dass der Titel hier bei WO voellig unbekannt zu sein scheint. Der Thread wird kaum gelesen. Voellig zu unrecht, denn ich glaube, die Aquisitionen bringen den TTGL Aktienkurs ordentlich auf Trab. Nur noch eine Woche, dann sind wir einen enormen Schritt weiter. Die Meldung am 12ten sollte IMO ein Kursfeuerwerk wert sein. TTGL ist aber auch long term interessant. TTGL macht Spass!
Besser gehts nicht für Aktionäre - die APPCO Übernahme kostet TTGL. 30 Mio.$, davon kommen über einen Verkauf der Real Estate Tochter von APPCO wieder 15Mio. rein - die zahlen also netto 15Mio.$ für 403Mio.$ Umsatz bei pos. Cash Flow - und das ohne Ausgabe eigener Aktien
Titan Global Holdings Announces $15 Million Sale Leaseback Transaction of Appalachian Oil Company Real Estate
9/6/2007
Simultaneous Sale of Appco Real Estate to Institutional Investor
in Leaseback Transaction to Substantially De-leverage Company's Appco
Acquisition
DALLAS, Sep 06, 2007 (BUSINESS WIRE) --
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced today that in connection with its planned acquisition of Appalachian Oil Company, Inc. ("Appco"), Titan and an institutional investor ("Buyer") reached an agreement in principal wherein the Buyer will pay $15 million for the 13 properties owned and operated by Appco and four properties owned by Appco but leased to third parties simultaneous with Titan's acquisition of Appco.
Titan and the sellers of Appco agreed to a closing date of September 12, 2007.
Under the Appco purchase agreement, Titan is to pay Appco's sellers $30 million in cash and assume certain debts. The sale leaseback transaction of Appco's real estate will substantially de-leverage Titan's acquisition of Appco by reducing approximately half its cash requirements to close the transaction. Under the terms of the leaseback, Appco will lease the properties on a conventional twenty-year term with extension options.
Appco will be the first acquisition of the Company's recently announced Titan Global Energy, which has been formed to aggregate underutilized assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to complement Appco's existing retail and wholesale distribution footprint.
Titan's management anticipates Appco will generate record revenues in excess of $410 million with increased positive cash flow for the fiscal year ended September 30, 2007. Appco generated $403 million in revenue and was positive cash flow in its fiscal year 2006. Titan projects Appco will maintain or grow revenue from $410 million and generate stronger cash flow and margins for fiscal 2008 as it increases the distribution of biofuels through its established distribution channels. The extent of the improvement in Appco's cash flow and margins will be subject, among other things, to the availability and deployment of such biofuels which Titan's management is confident that it is poised to fully exploit.
Titan intends to further Appco's penetration into the ethanol market through the distribution of biodiesel products. These strategies can increase Appco's margins while aiding in the protection and preservation of our environment.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long-standing partnerships with strategic terminal operators and major oil companies.
"I have extensive experience in the real estate leaseback space," said David Marks, Chairman of Titan Global Holdings. "In an effort to de-leverage the acquisition for Titan, strategic Titan investor Frank Crivello and I have structured a leaseback transaction with an institutional investor. We anticipate closing that transaction simultaneously with Titan's closing of Appco. This is a classic win-win transaction for the Company, the institutional investor and ultimately for Titan shareholders."
The Buyer has reached an agreement in principal to hire Mr. Marks as the unsalaried President of the special purpose entity that will acquire the real estate. In connection with the management and re-sale of the real estate, Phoenix Investors, LLC, a real estate investment and management firm managed by Mr. Marks, will be retained as a consultant. Under the consulting agreement, Phoenix Investors will be compensated with 20% of the net profits from the eventual re-sale of the properties purchased from Appco as realized.
"I am so pleased that David and Frank were able to engineer this leaseback transaction for Titan. Given our opportunities for growth, be it acquisitions or organic growth, real estate isn't the best place for us to invest or tie up our capital," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "With this transaction, which will close simultaneously with our purchase of Appco, we have substantially cut our cash needs. This makes an already compelling transaction exceptional."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
SOURCE: Titan Global Holdings, Inc.
Trilogy Capital Partners Financial Communications: Ryon Harms, Toll-free: 800-592-6067 ryon@trilogy-capital.com
Copyright Business Wire 2007
Titan Global Holdings Announces $15 Million Sale Leaseback Transaction of Appalachian Oil Company Real Estate
9/6/2007
Simultaneous Sale of Appco Real Estate to Institutional Investor
in Leaseback Transaction to Substantially De-leverage Company's Appco
Acquisition
DALLAS, Sep 06, 2007 (BUSINESS WIRE) --
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced today that in connection with its planned acquisition of Appalachian Oil Company, Inc. ("Appco"), Titan and an institutional investor ("Buyer") reached an agreement in principal wherein the Buyer will pay $15 million for the 13 properties owned and operated by Appco and four properties owned by Appco but leased to third parties simultaneous with Titan's acquisition of Appco.
Titan and the sellers of Appco agreed to a closing date of September 12, 2007.
Under the Appco purchase agreement, Titan is to pay Appco's sellers $30 million in cash and assume certain debts. The sale leaseback transaction of Appco's real estate will substantially de-leverage Titan's acquisition of Appco by reducing approximately half its cash requirements to close the transaction. Under the terms of the leaseback, Appco will lease the properties on a conventional twenty-year term with extension options.
Appco will be the first acquisition of the Company's recently announced Titan Global Energy, which has been formed to aggregate underutilized assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to complement Appco's existing retail and wholesale distribution footprint.
Titan's management anticipates Appco will generate record revenues in excess of $410 million with increased positive cash flow for the fiscal year ended September 30, 2007. Appco generated $403 million in revenue and was positive cash flow in its fiscal year 2006. Titan projects Appco will maintain or grow revenue from $410 million and generate stronger cash flow and margins for fiscal 2008 as it increases the distribution of biofuels through its established distribution channels. The extent of the improvement in Appco's cash flow and margins will be subject, among other things, to the availability and deployment of such biofuels which Titan's management is confident that it is poised to fully exploit.
Titan intends to further Appco's penetration into the ethanol market through the distribution of biodiesel products. These strategies can increase Appco's margins while aiding in the protection and preservation of our environment.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long-standing partnerships with strategic terminal operators and major oil companies.
"I have extensive experience in the real estate leaseback space," said David Marks, Chairman of Titan Global Holdings. "In an effort to de-leverage the acquisition for Titan, strategic Titan investor Frank Crivello and I have structured a leaseback transaction with an institutional investor. We anticipate closing that transaction simultaneously with Titan's closing of Appco. This is a classic win-win transaction for the Company, the institutional investor and ultimately for Titan shareholders."
The Buyer has reached an agreement in principal to hire Mr. Marks as the unsalaried President of the special purpose entity that will acquire the real estate. In connection with the management and re-sale of the real estate, Phoenix Investors, LLC, a real estate investment and management firm managed by Mr. Marks, will be retained as a consultant. Under the consulting agreement, Phoenix Investors will be compensated with 20% of the net profits from the eventual re-sale of the properties purchased from Appco as realized.
"I am so pleased that David and Frank were able to engineer this leaseback transaction for Titan. Given our opportunities for growth, be it acquisitions or organic growth, real estate isn't the best place for us to invest or tie up our capital," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "With this transaction, which will close simultaneously with our purchase of Appco, we have substantially cut our cash needs. This makes an already compelling transaction exceptional."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
SOURCE: Titan Global Holdings, Inc.
Trilogy Capital Partners Financial Communications: Ryon Harms, Toll-free: 800-592-6067 ryon@trilogy-capital.com
Copyright Business Wire 2007
Antwort auf Beitrag Nr.: 31.401.847 von SharpRatio am 05.09.07 18:47:19Schon wieder News! Die Aquisition wird ohne Dilution ablaufen!
Antwort auf Beitrag Nr.: 31.412.333 von SharpRatio am 06.09.07 11:20:05Die Übernahme wird aufgrund des Sale Leasebacks wie gemeldet sogar noch günstiger als erwartet, das ganze kostet TTGL nur 15Mio.$ netto, dazu noch das evtl. NASDAQ-Listing im Lauf des kommenden Geschäftsjahres + eine weitere fast schon abgeschlossene Übernahme + das Aktienrückkaufprogramm mit noch 2,6 Mio. Aktien, die dann gecancelled werden (insg. 4Mio. Aktien) - was will man mehr.
Die MK beträgt mom. 105Mio.$ (davon entfallen aber dann noch 4Mio. Aktien nach Abschluss des Rückkaufprogrammes) bei einem geplanten Umsatz von 740Mio.$.
Kann man alles aus den Meldungen der Firma herauslesen.
http://finance.yahoo.com/q?s=TTGL.OB
http://www.titanglobalholdings.com/news.html
Die MK beträgt mom. 105Mio.$ (davon entfallen aber dann noch 4Mio. Aktien nach Abschluss des Rückkaufprogrammes) bei einem geplanten Umsatz von 740Mio.$.
Kann man alles aus den Meldungen der Firma herauslesen.
http://finance.yahoo.com/q?s=TTGL.OB
http://www.titanglobalholdings.com/news.html
Das ist ja Wahnsinn hier
hab mir mal die Threads durchgelesen und auch die Palette an Firmennachrichten, das nennt man dann wohl eine Perle in der Börsenwüste, hier wird es ganz sicher schon sehr bald Kurse jenseits der 5-Dollar Marke geben
Das Beste daran: Die "Meute" hat hier noch gar nicht Kenntnis davon genommen
Einer der Highflyer für mich in den nächsten Monaten
...und schon wieder erfreuliche News
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Continued Expansion of Wireless Division's Retail Distribution Footprint Following Agreement with Road Ranger Travel Centers
Friday September 7, 12:05 pm ET
Distribution Agreement to Enhance Recently Issued Fiscal 2008 Revenue Guidance of $23.5 Million for Titan's Wireless Division
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high growth diversified holding company, today announced that Titan Wireless, a division of Titan Communications, entered into a wireless sales distribution agreement with Road Ranger Travel Centers to expand the Company's nationwide distribution system by an additional 25 locations in the Midwest. The agreement further validates the Company's high-growth business model focused on generating revenues from trusted wireless brand products through a retail distribution system that reaches more than 65,000 locations.
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues in May 2007.
Earlier this week Titan issued revenue guidance for fiscal 2008. Titan Wireless is expected to contribute $23.5 million to Titan's stated overall revenue guidance of $747 Million for fiscal 2008.
"We weighed several options for creating a competitive mix of prepaid wireless handsets for our customers," said Doug Parker, Senior Director of Marketing for Road Ranger. "Approximately one third of our locations are travel centers and we have several stores that are on or near a college campus. We felt Titan Wireless offered the most flexible program to address the calling needs for different consumers."
"We are excited to provide prepaid wireless solutions to Road Ranger," said Dennis Henderson, President of Titan Wireless. "Our handset offerings and rate plans are ideally positioned to allow Road Ranger to offer its customers an outstanding value. We look forward to being a significant partner for Doug and his team as they continue to drive revenues and profits in the vibrant prepaid category."
"Dennis and his team continue to demonstrate the value proposition of Titan Global Holdings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Our business unit leaders continue to position the company for success in the markets we serve. We eagerly look forward to the additions of Appalachian Oil Company and USA Detergents as well. We will continue to add value with our existing growing businesses and new acquisitions."
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.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Continued Expansion of Wireless Division's Retail Distribution Footprint Following Agreement with Road Ranger Travel Centers
Friday September 7, 12:05 pm ET
Distribution Agreement to Enhance Recently Issued Fiscal 2008 Revenue Guidance of $23.5 Million for Titan's Wireless Division
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high growth diversified holding company, today announced that Titan Wireless, a division of Titan Communications, entered into a wireless sales distribution agreement with Road Ranger Travel Centers to expand the Company's nationwide distribution system by an additional 25 locations in the Midwest. The agreement further validates the Company's high-growth business model focused on generating revenues from trusted wireless brand products through a retail distribution system that reaches more than 65,000 locations.
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues in May 2007.
Earlier this week Titan issued revenue guidance for fiscal 2008. Titan Wireless is expected to contribute $23.5 million to Titan's stated overall revenue guidance of $747 Million for fiscal 2008.
"We weighed several options for creating a competitive mix of prepaid wireless handsets for our customers," said Doug Parker, Senior Director of Marketing for Road Ranger. "Approximately one third of our locations are travel centers and we have several stores that are on or near a college campus. We felt Titan Wireless offered the most flexible program to address the calling needs for different consumers."
"We are excited to provide prepaid wireless solutions to Road Ranger," said Dennis Henderson, President of Titan Wireless. "Our handset offerings and rate plans are ideally positioned to allow Road Ranger to offer its customers an outstanding value. We look forward to being a significant partner for Doug and his team as they continue to drive revenues and profits in the vibrant prepaid category."
"Dennis and his team continue to demonstrate the value proposition of Titan Global Holdings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Our business unit leaders continue to position the company for success in the markets we serve. We eagerly look forward to the additions of Appalachian Oil Company and USA Detergents as well. We will continue to add value with our existing growing businesses and new acquisitions."
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.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Form 8-K for TITAN GLOBAL HOLDINGS, INC.
--------------------------------------------------------------------------------
7-Sep-2007
Regulation FD Disclosure, Financial Statements and Exhibits
Item 7.01 Regulation FD Disclosure
On September 5, 2007, Titan Global Holdings, Inc. issued a press release updating forecasted revenues for fiscal year 2008. The press release is attached hereto as Exhibit 99.1.
In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
Exhibit
Number Description
99.1 Press Release dated September 5, 2007
--------------------------------------------------------------------------------
7-Sep-2007
Regulation FD Disclosure, Financial Statements and Exhibits
Item 7.01 Regulation FD Disclosure
On September 5, 2007, Titan Global Holdings, Inc. issued a press release updating forecasted revenues for fiscal year 2008. The press release is attached hereto as Exhibit 99.1.
In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
Exhibit
Number Description
99.1 Press Release dated September 5, 2007
Antwort auf Beitrag Nr.: 31.413.416 von Kaufmonster am 06.09.07 12:26:39Moin! 12 Klicks, davon vier von mir?
Echt seltsam, die allerbesten Aktien werden von der Masse überhaupt nicht wahrgenommen. Hätte ich das nochmal zu machen, würde ich meine Hauptposition mit vollstem Vertrauen in TTGL schlichten. Ich denke, wir werden solche Kurse wie heute nicht mehr allzulange sehen. Ich rechne kommende Woche mit sehr guten Kursen.
Echt seltsam, die allerbesten Aktien werden von der Masse überhaupt nicht wahrgenommen. Hätte ich das nochmal zu machen, würde ich meine Hauptposition mit vollstem Vertrauen in TTGL schlichten. Ich denke, wir werden solche Kurse wie heute nicht mehr allzulange sehen. Ich rechne kommende Woche mit sehr guten Kursen.
So sollen sich mind. 75 % aller ausstehenden Aktien in Händen des Managements, Unternehmensinsidern und strategischen Investoren befinden.
An schwachen Tagen kauft TTGL weiter eigene Aktien zu. Das Aktienrückkaufprogramm sieht insgesamt 4 Mio. Aktien vor. 850 000 Aktien wurden, Stand 27.08.2007 zurückgekauft.
An schwachen Tagen kauft TTGL weiter eigene Aktien zu. Das Aktienrückkaufprogramm sieht insgesamt 4 Mio. Aktien vor. 850 000 Aktien wurden, Stand 27.08.2007 zurückgekauft.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Electronics and Homeland Security Unit's Record Bookings of $7.6 Million in Fiscal Q4 2007
Monday September 10, 3:30 am ET
Titan Division Continues Forward Progress Entering Fiscal 2008 With Strong Management and Growing Customer Base
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News), a high growth diversified holding company, announced today record bookings of $7.6 Million for its Electronics and Homeland Security Division in the fourth quarter of fiscal 2007. Titan previously announced revenue guidance indicating this division will generate revenues of $30 million with a net operating income of $1 million for the fiscal year ended August 31, 2008.
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 other major clients. Titan announced that the division will realize this record performance through continued efforts to increase its market share in the quick-turn market through its successful "rep-centric" sales organization. Additionally, the division expects to grow is valued military spec business as well.
"We closed our fourth quarter of fiscal year 2007 with record bookings for the quarter and record bookings in the month of August as well," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "Our team has worked tirelessly in reducing operating costs and enhancing operations. This has enabled our dedicated sales force to increase our presence in key markets."
During fiscal 2007 Titan Electronics and Homeland Security Division added three proven industry veterans to its seasoned management team. Titan hired Mike Kadlec as Senior Vice President of Sales during the second quarter of 2007, Mike Berg as Vice President of Operations at Titan East during the third quarter of 2007 and Ed Peterson as Vice President of Operations at Titan PCB West during the fourth quarter of 2007.
"Titan's success as a diversified holding company is a direct result of the tremendous talent and energy of our teams in each business unit," said Bryan Chance, President and Chief Executive Officer. "Curtis and his team have expanded their footprint in difficult market conditions. Additionally, Titan PCB has improved operations and on-time deliveries creating more value for our customers and shareholders alike. We look forward to a profitable 2008 in the Electronics and Homeland Security Division."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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, 800-592-6067
ryon@trilogy-capital.com
--------------------------------------------------------------------------------
Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Electronics and Homeland Security Unit's Record Bookings of $7.6 Million in Fiscal Q4 2007
Monday September 10, 3:30 am ET
Titan Division Continues Forward Progress Entering Fiscal 2008 With Strong Management and Growing Customer Base
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News), a high growth diversified holding company, announced today record bookings of $7.6 Million for its Electronics and Homeland Security Division in the fourth quarter of fiscal 2007. Titan previously announced revenue guidance indicating this division will generate revenues of $30 million with a net operating income of $1 million for the fiscal year ended August 31, 2008.
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 other major clients. Titan announced that the division will realize this record performance through continued efforts to increase its market share in the quick-turn market through its successful "rep-centric" sales organization. Additionally, the division expects to grow is valued military spec business as well.
"We closed our fourth quarter of fiscal year 2007 with record bookings for the quarter and record bookings in the month of August as well," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "Our team has worked tirelessly in reducing operating costs and enhancing operations. This has enabled our dedicated sales force to increase our presence in key markets."
During fiscal 2007 Titan Electronics and Homeland Security Division added three proven industry veterans to its seasoned management team. Titan hired Mike Kadlec as Senior Vice President of Sales during the second quarter of 2007, Mike Berg as Vice President of Operations at Titan East during the third quarter of 2007 and Ed Peterson as Vice President of Operations at Titan PCB West during the fourth quarter of 2007.
"Titan's success as a diversified holding company is a direct result of the tremendous talent and energy of our teams in each business unit," said Bryan Chance, President and Chief Executive Officer. "Curtis and his team have expanded their footprint in difficult market conditions. Additionally, Titan PCB has improved operations and on-time deliveries creating more value for our customers and shareholders alike. We look forward to a profitable 2008 in the Electronics and Homeland Security Division."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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, 800-592-6067
ryon@trilogy-capital.com
--------------------------------------------------------------------------------
Source: Titan Global Holdings, Inc.
Antwort auf Beitrag Nr.: 31.497.668 von wayne99 am 10.09.07 12:11:05Der Newsflow ist reichlich und durchwegs positiv. Ich persönlich bin der Meinung, der Aktie steht eine Neubewertung ins Haus.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Completion of Definitive BioFuels Supply Agreement with NewGen Technologies
Monday September 10, 2:33 pm ET
Titan's Agreement to Become Effective Upon Acquisition of Appalachian Oil Company Scheduled This Week
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (Titan) (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that it and NewGen Technologies (NewGen) completed a definitive BioFuels Supply Agreement which will become effective upon Titan's acquisition of Appalachian Oil Company (Appco) which is scheduled for September 12, 2007.
Titan recently formed Titan Global Energy (Titan Energy), a division engaged in the acquisition and management of complementary energy sector assets. Titan Energy has and will capitalize on initiatives within the energy sector that can provide significant opportunities for revenue and earnings growth. Appco is the first acquisition of Titan Energy, which will seek future acquisitions to compliment Appco's existing retail and wholesale distribution footprint.
Last week Titan issued revenue guidance for fiscal 2008. Titan Global Energy is expected to contribute $433 million to Titan's stated overall revenue guidance of $747 Million for fiscal 2008.
Under the agreement with NewGen, ReFuel America, Inc., a wholly owned subsidiary of NewGen, will be a supplier of biofuels for APPCO. The term of agreement is 10 years with the right to supply biofuel products to Appco at the prevailing market price for such biofuel products at the time an order is placed.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network that generated $403 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenient store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"The access to these additional sources of biofuels will help us lead Appco's markets in the distribution of such products," said David Marks, Chairman of Titan Global Holdings. "Titan's initiatives in the energy sector are consistent with Titan's unwavering commitment to the creation of shareholder value. This agreement leverages our financial and management strength with the biofuel know-how of NewGen."
Mr. Marks, Frank Crivello and their affiliated investors are minority shareholders in NewGen.
"Titan's senior management is committed to the utilization of Appco's extensive distribution channels into 55 retail and 165 dealer accounts to distribute environmentally friendly biofuels while earning higher profit margins," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "These additional supply sources will enable us to increase revenues and earnings in the energy sector. As well, we will continue to search for strategic opportunities in the dynamic energy sector."
Appco's strong revenue base and storied 84-year history provides Titan with an ideal platform company for further expansion of its energy efforts. Furthermore, Appco's management team has more than 125 years experience in the petroleum and convenience store industry. Titan will preserve and leverage Appco's industry-leading management team.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Titan Global Holdings Announces Completion of Definitive BioFuels Supply Agreement with NewGen Technologies
Monday September 10, 2:33 pm ET
Titan's Agreement to Become Effective Upon Acquisition of Appalachian Oil Company Scheduled This Week
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (Titan) (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that it and NewGen Technologies (NewGen) completed a definitive BioFuels Supply Agreement which will become effective upon Titan's acquisition of Appalachian Oil Company (Appco) which is scheduled for September 12, 2007.
Titan recently formed Titan Global Energy (Titan Energy), a division engaged in the acquisition and management of complementary energy sector assets. Titan Energy has and will capitalize on initiatives within the energy sector that can provide significant opportunities for revenue and earnings growth. Appco is the first acquisition of Titan Energy, which will seek future acquisitions to compliment Appco's existing retail and wholesale distribution footprint.
Last week Titan issued revenue guidance for fiscal 2008. Titan Global Energy is expected to contribute $433 million to Titan's stated overall revenue guidance of $747 Million for fiscal 2008.
Under the agreement with NewGen, ReFuel America, Inc., a wholly owned subsidiary of NewGen, will be a supplier of biofuels for APPCO. The term of agreement is 10 years with the right to supply biofuel products to Appco at the prevailing market price for such biofuel products at the time an order is placed.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network that generated $403 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenient store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"The access to these additional sources of biofuels will help us lead Appco's markets in the distribution of such products," said David Marks, Chairman of Titan Global Holdings. "Titan's initiatives in the energy sector are consistent with Titan's unwavering commitment to the creation of shareholder value. This agreement leverages our financial and management strength with the biofuel know-how of NewGen."
Mr. Marks, Frank Crivello and their affiliated investors are minority shareholders in NewGen.
"Titan's senior management is committed to the utilization of Appco's extensive distribution channels into 55 retail and 165 dealer accounts to distribute environmentally friendly biofuels while earning higher profit margins," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "These additional supply sources will enable us to increase revenues and earnings in the energy sector. As well, we will continue to search for strategic opportunities in the dynamic energy sector."
Appco's strong revenue base and storied 84-year history provides Titan with an ideal platform company for further expansion of its energy efforts. Furthermore, Appco's management team has more than 125 years experience in the petroleum and convenience store industry. Titan will preserve and leverage Appco's industry-leading management team.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Antwort auf Beitrag Nr.: 27.594.401 von okieh66 am 10.02.07 22:00:34Heute gar keine News?
Press Release Source: Titan Global Holdings, Inc.
Titan Global Announces Details of Recently Launched Guardian Money Transfer Products Serving the $289 Billion Money Transfer Sector
Tuesday September 11, 9:31 am ET
Titan Guardian Products to Launch at Intelecard Expo Are Expected to Generate Approximately $45 Million in Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News), a high growth diversified holding company, today announced the planned launch of the Company's Guardian(TM) brand of prepaid calling card products at the Intelecard Expo in Las Vegas (www.intelecardexpo.com), scheduled between September 18 and 20. The Company recently announced that its Guardian products will be on retail shelves by October, 2007.
Last week, Titan announced the formation of Titan Card Services, Inc. ("Card Services") to capitalize on the burgeoning $289 Billion international prepaid money transfer sector. The launch of Card Services further validates the Company's high-growth business model and provides a seamless brand extension for Titan's growing family of prepaid products that are sold through a nationwide network of more than 65,000 retailers. The Guardian prepaid calling card products are Card Services' first branded products. In fiscal 2008, Card Services has been projected to generate revenues of $45 million as its management executes on its opportunities for revenue and earnings acceleration.
Given Titan's familiarity with the prepaid sector and the specific needs of its core demographic customer base, which includes first and second generation Americans, the Company's senior management identified a significant need in this growing market to transfer funds internationally.
While fast and convenient money transfer is very attractive to consumers, at the core of the Guardian products is an instant issue prepaid debit Master Card. Consumers will be provided incentives to move up the value chain from a one time use remittance to multiple remittances and, finally, onto a personalized prepaid debit card. Through the combination of proprietary card-based technology and the resources of industry partners while offering debit card capabilities, Guardian products are unique in the remittance space. To protect its proprietary technology, Titan recently retained a leading Washington D.C.-based intellectual property firm and also filed a patent application that is currently pending.
The competitive landscape in the money transfer industry is diverse. Western Union, a company with 305,000 agent locations and $1.2 billion in net income in fiscal 2006, is the largest accounting for 17.2% of all cross border transfers. Money Gram is currently the second largest with 125,000 agent locations and $156 million in net income in 2006. Other companies include online transfer operations, card-to-card, bank-to-bank and others. Each model provides complementary services but ultimately accomplishes the same thing: moving money across the border to loved family members and friends. The average remittance amount is between $300 and $400.
The rate at which Latin American migrants remit on a regular basis is relatively consistent at 60% to 70% of adults.
From a customer perspective, the Guardian Instant Money Transfer product is a simple three step process. First the customer purchases the product. Second, the customer calls customer service to register and provide basic information. Third, the customer is provided with the ability to contact the receiving party via live transfer or using the INTL LD PIN provided with the product.
"We are thrilled to launch our Guardian product line next week at Intelecard Expo," said Kurt Jensen, President of Titan's Communication and Card Services Division. "We are enhancing the lives of our customers by providing additional value-added services that permit them to transfer money efficiently and conveniently to friends and family around the globe."
As Titan distributes over 35 million international calling card products per year, the company is positioned to efficiently reach consumers that transfer money regularly, thus expanding services and profits from the same customer base. Additionally, Titan announced that its Guardian Money Transfer Cards will function in a similar fashion to prepaid international phone cards which will accelerate market acceptance and customer understanding.
"This is an example of our business unit leadership identifying and leveraging core competencies," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Kurt and his team organically developed Guardian over the last twelve months. We are excited to launch Guardian as it holds solid profitability while offering our customers a clear value proposition. Guardian is a natural progression of adding additional services to our current offerings in the market segment."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Titan Global Announces Details of Recently Launched Guardian Money Transfer Products Serving the $289 Billion Money Transfer Sector
Tuesday September 11, 9:31 am ET
Titan Guardian Products to Launch at Intelecard Expo Are Expected to Generate Approximately $45 Million in Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News), a high growth diversified holding company, today announced the planned launch of the Company's Guardian(TM) brand of prepaid calling card products at the Intelecard Expo in Las Vegas (www.intelecardexpo.com), scheduled between September 18 and 20. The Company recently announced that its Guardian products will be on retail shelves by October, 2007.
Last week, Titan announced the formation of Titan Card Services, Inc. ("Card Services") to capitalize on the burgeoning $289 Billion international prepaid money transfer sector. The launch of Card Services further validates the Company's high-growth business model and provides a seamless brand extension for Titan's growing family of prepaid products that are sold through a nationwide network of more than 65,000 retailers. The Guardian prepaid calling card products are Card Services' first branded products. In fiscal 2008, Card Services has been projected to generate revenues of $45 million as its management executes on its opportunities for revenue and earnings acceleration.
Given Titan's familiarity with the prepaid sector and the specific needs of its core demographic customer base, which includes first and second generation Americans, the Company's senior management identified a significant need in this growing market to transfer funds internationally.
While fast and convenient money transfer is very attractive to consumers, at the core of the Guardian products is an instant issue prepaid debit Master Card. Consumers will be provided incentives to move up the value chain from a one time use remittance to multiple remittances and, finally, onto a personalized prepaid debit card. Through the combination of proprietary card-based technology and the resources of industry partners while offering debit card capabilities, Guardian products are unique in the remittance space. To protect its proprietary technology, Titan recently retained a leading Washington D.C.-based intellectual property firm and also filed a patent application that is currently pending.
The competitive landscape in the money transfer industry is diverse. Western Union, a company with 305,000 agent locations and $1.2 billion in net income in fiscal 2006, is the largest accounting for 17.2% of all cross border transfers. Money Gram is currently the second largest with 125,000 agent locations and $156 million in net income in 2006. Other companies include online transfer operations, card-to-card, bank-to-bank and others. Each model provides complementary services but ultimately accomplishes the same thing: moving money across the border to loved family members and friends. The average remittance amount is between $300 and $400.
The rate at which Latin American migrants remit on a regular basis is relatively consistent at 60% to 70% of adults.
From a customer perspective, the Guardian Instant Money Transfer product is a simple three step process. First the customer purchases the product. Second, the customer calls customer service to register and provide basic information. Third, the customer is provided with the ability to contact the receiving party via live transfer or using the INTL LD PIN provided with the product.
"We are thrilled to launch our Guardian product line next week at Intelecard Expo," said Kurt Jensen, President of Titan's Communication and Card Services Division. "We are enhancing the lives of our customers by providing additional value-added services that permit them to transfer money efficiently and conveniently to friends and family around the globe."
As Titan distributes over 35 million international calling card products per year, the company is positioned to efficiently reach consumers that transfer money regularly, thus expanding services and profits from the same customer base. Additionally, Titan announced that its Guardian Money Transfer Cards will function in a similar fashion to prepaid international phone cards which will accelerate market acceptance and customer understanding.
"This is an example of our business unit leadership identifying and leveraging core competencies," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Kurt and his team organically developed Guardian over the last twelve months. We are excited to launch Guardian as it holds solid profitability while offering our customers a clear value proposition. Guardian is a natural progression of adding additional services to our current offerings in the market segment."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Antwort auf Beitrag Nr.: 31.529.171 von wayne99 am 11.09.07 15:48:09Ich hoffe das morgen die Aquisitionen erfolgreich abgeschlossen werden. Dann winken kurzfristige Kurse ueber 3$ und long term 8-10$! IMO.
Antwort auf Beitrag Nr.: 27.594.401 von okieh66 am 10.02.07 22:00:34So, heute ist der Tag der Tage. Heute werden wichtige Weichen gestellt, oder besser gesagt, wichtige Ergebnisse jahrelanger Vorbereitungen veröffentlich. Bleibt das Marktumfeld freundlich, sollten die News sehr gut vom Markt aufgenommen werden. Aber warten wir erstmal auf die News.
Antwort auf Beitrag Nr.: 31.542.074 von SharpRatio am 12.09.07 09:09:40Yep, sollte die APPCO-Übernahme heute als vollzogen gemeldet werden, hat TTGL ca. 550Mio.$ sicheren Umsatz für 2008 und das bei positivem Cash Flow - bei einer MK von 95Mio.$ und noch weiteren ausstehenden Aktienrückkaufen von ca. 2,5Mio. Stck. (von 4 Mio.) - die dann ebenfalls gecancelled werden - das liest sich fast zu gut um wahr zu sein
Dann schauen wir mal, was heute gemeldet wird.....
Dann schauen wir mal, was heute gemeldet wird.....
Antwort auf Beitrag Nr.: 31.542.952 von wayne99 am 12.09.07 10:25:20Der Markt kann gar nicht anders, als die neuen Fakten einzupreisen. Selbst wenn der Markt Abschläge machen sollte, so sollte sich der Kurs mind. vervier, - oder verfünfachen, long term.
Aktien wurden vor allem an schwachen Tagen zurückgekauft, so steht es zu lesen. Ich bin guter Dinge. Go baby!
Aktien wurden vor allem an schwachen Tagen zurückgekauft, so steht es zu lesen. Ich bin guter Dinge. Go baby!
Antwort auf Beitrag Nr.: 27.594.401 von okieh66 am 10.02.07 22:00:34Gut möglich, dass man heute vorbörslich mit den News aufwartet.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Significant Progress in Closing of Strategic Acquisition of Appalachian Oil Company
Thursday September 13, 11:51 am ET
Most Agreements Now in Escrow Including Anticipated Simultaneous Sale of APPCO Real Estate to Institutional Investor in Leaseback Transaction
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that it has made significant progress in closing its acquisition of Appalachian Oil Company, Inc. ("Appco"). Titan and the sellers of Appco had agreed to a closing date of September 12, 2007. However, the parties now expect to close the transaction within the next seventy-two hours.
Appco is the first acquisition of the Company's recently announced Titan Energy Group, which has been formed to aggregate underutilized assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to compliment Appco's existing retail and wholesale distribution footprint.
In addition, Titan has reached an agreement in principal with an institutional investor to acquire the real property presently owned by APPCO simultaneous with Titan's closing. The majority of all of the documents relating to this transaction, including $15 million in cash, were placed into escrow yesterday. The anticipated sale-leaseback transaction of Appco's real estate has been structured to de-leverage Titan's acquisition of Appco.
Titan arranged debt type acquisition financing of Appco from Greystone Business Credit (GBC). GBC is Titan established and existing senior term and working capital lender. Titan and GBC are working diligently to conclude legal matters necessary to close and fund the acquisition of Appco.
"We are nearing the completion of our acquisition of Appco, but still have some details to work out," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "My team and our strategic investors have worked around the clock for weeks to complete this acquisition. Given the extent and complexity of Appco's holdings, it has been a significant undertaking to complete this transaction. We will be closing our acquisition in the immediate future."
Titan's management anticipates Appco will generate record revenues in excess of $433 million in fiscal 2008 with stronger cash flow and margins as it increases the distribution of biofuels through Appco's established distribution channels. The extent of the improvement in Appco's cash flow and margins will be subject, among other things, to the availability and deployment of biofuels which Titan's management is confident that it is poised to fully exploit. Titan intends to further Appco's penetration into the ethanol market through the distribution of biodiesel products. These strategies can increase Appco's margins while aiding in the protection and preservation of our environment.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"I have fully negotiated the agreements relating to the leaseback of Appco's real estate," said David Marks, Chairman of Titan Global Holdings. "In an effort to de-leverage the acquisition for Titan, I have structured a leaseback transaction with an institutional investor. I am pleased to report that the majority of all the documents relating to the leaseback and the $15 Million in cash necessary to complete the sale were placed into escrow yesterday."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Titan Global Holdings Announces Significant Progress in Closing of Strategic Acquisition of Appalachian Oil Company
Thursday September 13, 11:51 am ET
Most Agreements Now in Escrow Including Anticipated Simultaneous Sale of APPCO Real Estate to Institutional Investor in Leaseback Transaction
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that it has made significant progress in closing its acquisition of Appalachian Oil Company, Inc. ("Appco"). Titan and the sellers of Appco had agreed to a closing date of September 12, 2007. However, the parties now expect to close the transaction within the next seventy-two hours.
Appco is the first acquisition of the Company's recently announced Titan Energy Group, which has been formed to aggregate underutilized assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to compliment Appco's existing retail and wholesale distribution footprint.
In addition, Titan has reached an agreement in principal with an institutional investor to acquire the real property presently owned by APPCO simultaneous with Titan's closing. The majority of all of the documents relating to this transaction, including $15 million in cash, were placed into escrow yesterday. The anticipated sale-leaseback transaction of Appco's real estate has been structured to de-leverage Titan's acquisition of Appco.
Titan arranged debt type acquisition financing of Appco from Greystone Business Credit (GBC). GBC is Titan established and existing senior term and working capital lender. Titan and GBC are working diligently to conclude legal matters necessary to close and fund the acquisition of Appco.
"We are nearing the completion of our acquisition of Appco, but still have some details to work out," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "My team and our strategic investors have worked around the clock for weeks to complete this acquisition. Given the extent and complexity of Appco's holdings, it has been a significant undertaking to complete this transaction. We will be closing our acquisition in the immediate future."
Titan's management anticipates Appco will generate record revenues in excess of $433 million in fiscal 2008 with stronger cash flow and margins as it increases the distribution of biofuels through Appco's established distribution channels. The extent of the improvement in Appco's cash flow and margins will be subject, among other things, to the availability and deployment of biofuels which Titan's management is confident that it is poised to fully exploit. Titan intends to further Appco's penetration into the ethanol market through the distribution of biodiesel products. These strategies can increase Appco's margins while aiding in the protection and preservation of our environment.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"I have fully negotiated the agreements relating to the leaseback of Appco's real estate," said David Marks, Chairman of Titan Global Holdings. "In an effort to de-leverage the acquisition for Titan, I have structured a leaseback transaction with an institutional investor. I am pleased to report that the majority of all the documents relating to the leaseback and the $15 Million in cash necessary to complete the sale were placed into escrow yesterday."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Antwort auf Beitrag Nr.: 31.563.756 von wayne99 am 13.09.07 18:03:10seventy-two hours. Dann ist ein Wort gesprochen. Soviel Zeit muss sein!
Antwort auf Beitrag Nr.: 31.576.340 von SharpRatio am 14.09.07 18:27:53Die Verhandlungen sind ja schon im finalen Stadium, und am Montag/Dienstag wissen wir mehr, wenns klappt dann aber hallo, 750Mio. Umsatz (mit pos. Cashflow) stehen dann einer MK von 90 Mio. $ gegenüber
Immer vorausgesetzt, die Übernahme wird erfolgreich abgeschlossen ......
Immer vorausgesetzt, die Übernahme wird erfolgreich abgeschlossen ......
es läuft derzeit weiter nach oben...
hab eine Frage.... ist Cornell weiterhin drin oder nicht?
In der Regel fallen fast alle Aktien wo er drin ist ins Bodenlose... aber scheint es eine der wenigen Ausnahmen zu sein...
danke
hab eine Frage.... ist Cornell weiterhin drin oder nicht?
In der Regel fallen fast alle Aktien wo er drin ist ins Bodenlose... aber scheint es eine der wenigen Ausnahmen zu sein...
danke
Übernahme wurde vollzogen, Titan hat APPCO übernommen
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Milestone Acquisition of Appalachian Oil Company
Monday September 17, 4:35 pm ET
Appco Acquisition Expected to Contribute $433 Million to Company's Projected $747 Million in Revenues for Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that Titan acquired 100% of the outstanding common stock of Appalachian Oil Company, Inc. http://www.goappco.com/, ("Appco"). The acquisition is consistent with the Company's high-growth business model focused on creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company.
ADVERTISEMENT
Appco is the first acquisition of the Company's recently announced Titan Global Energy, which was formed to aggregate energy assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to compliment Appco's existing retail and wholesale distribution footprint.
"We worked hard for many months to find the right strategic energy acquisition for Titan that fit synergistically, reflects a solid value for our shareholders, and provides Titan with greater scale," said David Marks, Chairman of Titan Global Holdings. "The Appco acquisition achieves all of these goals. As Titan now has scale, we are exploring other strategic acquisition opportunities and plan to apply for listing on the NASDAQ this month."
Last week Titan issued revenue guidance of $747 Million for fiscal 2008. Titan's management anticipates Appco will generate record revenues in excess of $433 million in fiscal 2008 with continued increases in cash flow and margins as it expands the distribution of biofuels through Appco's established distribution channels. The extent of the improvement in Appco's cash flow and margins will be subject, among other things, to the availability and deployment of biofuels which Titan's management is confident that it is poised to fully exploit.
Titan intends to further Appco's penetration into the ethanol market through the distribution of biodiesel products. Management believes these strategies can increase Appco's margins while aiding in the protection and preservation of the environment.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
Titan funded the acquisition of Appco through a combination of conventional debt from Greystone Business Credit ("GBC") in the maximum face amount of $25.2 million with an initial funding of $20.3 million, the sale of Appco's real estate assets to an institutional investor for $15 million, and convertible debt from Yorkville Advisors for $6 million. GBC is Titan's established and existing senior term and working capital lender. The GBC debt bears interest at prime plus 1.5%.
"We were delighted to finance Titan Global's acquisition of Appco," said Joel Flig, Executive Vice President of Greystone Business Credit. "Titan Global, our established client, has consummated an acquisition which should provide its other units with enormous synergies in distribution."
"Yorkville Advisors provides innovative financing solutions to dynamic companies like Titan Global," said Michael Rosselli, a Managing Director at Yorkville Advisors. "We are excited to be an investor in Titan Global and strongly support the management team and their entrepreneurial passion to create shareholder value."
The Yorkville debt bears interest at 10% and is convertible at $2.25 per share if Yorkville elects to convert into shares of Titan stock. The Company may choose to convert the Yorkville debt at the lower of $2.25 per share or 90% of the lowest daily volume weighted average price of the common stock for the 15 trading days preceding the conversion date. Alternatively, if shares of Titan's stock are trading below $2.25 per share, at its option, Titan may pay Yorkville its principal and interest in cash.
Jeff Benedict and James MacLean, Appco's owners, have been highly successful in building an extensive petroleum distribution network in the Southeast. Mr. Benedict will continue to lead Appco and assist in the transition to Titan.
"I look forward to personally working with Appco's talented management team and committed employees to provide petroleum products and environmentally friendly biofuels to the markets we serve," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "With strategic and capital support, this team is uniquely qualified to grow the Appco unit organically and through acquisitions."
"While our families enjoyed great success building Appco over the last eighty years, we concluded that our business had grown to a scale that it required specialized management and enhanced access to capital," said Jeff Benedict, President of Appalachian Oil Company. "As such, to continue our growth, a publicly traded company such as Titan provides the right platform to support organic growth and acquisition opportunities. Our team is very excited to be working with Titan's management and will continue to build on Appco's legacy and brand."
"We pride ourselves in providing creative financing solutions for innovative clients such as Titan Global," said Drew Neidorf, President of Greystone Business Credit. "We were delighted to assist Titan Global in completing the Appco acquisition and look forward to assisting Titan with future acquisitions it may pursue."
Consistent with commercially standard conditions, GBC required from Titan that it procure appraisals of Appco's business assets including its leasehold interests before funding against these assets. Given the number and geographic diversity of Appco's locations, GBC estimated it would take at least a month to complete these appraisals. GBC has reserved approximately $5 Million in funding against these assets based on the receipt of a satisfactory appraisal and customary documentation relating to these assets.
As a result, GBC wasn't able to advance any financing to Titan for Appco's term assets without an extended delay in the closing of the transaction which wasn't acceptable to Titan or Appco's sellers. In order to protect and consummate the acquisition, Titan sought Yorkville Advisor's prompt funding. These funds are now on deposit and security for Titan's loan with GBC. Once GBC appraises the assets and determines its approved funding against the Appco term assets, Titan will use these excess funds for organic growth and new strategic opportunities.
In connection with the funding, Titan issued to GBC 500,000 warrants at $2.00 per share and Yorkville Advisors 525,000 and 525,000 warrants at $2.4750 and $2.8125 per share, respectively. These warrants are cashed based (except in connection with a registration default) and have a term of five years.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Milestone Acquisition of Appalachian Oil Company
Monday September 17, 4:35 pm ET
Appco Acquisition Expected to Contribute $433 Million to Company's Projected $747 Million in Revenues for Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that Titan acquired 100% of the outstanding common stock of Appalachian Oil Company, Inc. http://www.goappco.com/, ("Appco"). The acquisition is consistent with the Company's high-growth business model focused on creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company.
ADVERTISEMENT
Appco is the first acquisition of the Company's recently announced Titan Global Energy, which was formed to aggregate energy assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to compliment Appco's existing retail and wholesale distribution footprint.
"We worked hard for many months to find the right strategic energy acquisition for Titan that fit synergistically, reflects a solid value for our shareholders, and provides Titan with greater scale," said David Marks, Chairman of Titan Global Holdings. "The Appco acquisition achieves all of these goals. As Titan now has scale, we are exploring other strategic acquisition opportunities and plan to apply for listing on the NASDAQ this month."
Last week Titan issued revenue guidance of $747 Million for fiscal 2008. Titan's management anticipates Appco will generate record revenues in excess of $433 million in fiscal 2008 with continued increases in cash flow and margins as it expands the distribution of biofuels through Appco's established distribution channels. The extent of the improvement in Appco's cash flow and margins will be subject, among other things, to the availability and deployment of biofuels which Titan's management is confident that it is poised to fully exploit.
Titan intends to further Appco's penetration into the ethanol market through the distribution of biodiesel products. Management believes these strategies can increase Appco's margins while aiding in the protection and preservation of the environment.
Appco, formed in 1923 and based in Blountville, Tennessee, is a privately held petroleum company that owns and operates an extensive petroleum product distribution network. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
Titan funded the acquisition of Appco through a combination of conventional debt from Greystone Business Credit ("GBC") in the maximum face amount of $25.2 million with an initial funding of $20.3 million, the sale of Appco's real estate assets to an institutional investor for $15 million, and convertible debt from Yorkville Advisors for $6 million. GBC is Titan's established and existing senior term and working capital lender. The GBC debt bears interest at prime plus 1.5%.
"We were delighted to finance Titan Global's acquisition of Appco," said Joel Flig, Executive Vice President of Greystone Business Credit. "Titan Global, our established client, has consummated an acquisition which should provide its other units with enormous synergies in distribution."
"Yorkville Advisors provides innovative financing solutions to dynamic companies like Titan Global," said Michael Rosselli, a Managing Director at Yorkville Advisors. "We are excited to be an investor in Titan Global and strongly support the management team and their entrepreneurial passion to create shareholder value."
The Yorkville debt bears interest at 10% and is convertible at $2.25 per share if Yorkville elects to convert into shares of Titan stock. The Company may choose to convert the Yorkville debt at the lower of $2.25 per share or 90% of the lowest daily volume weighted average price of the common stock for the 15 trading days preceding the conversion date. Alternatively, if shares of Titan's stock are trading below $2.25 per share, at its option, Titan may pay Yorkville its principal and interest in cash.
Jeff Benedict and James MacLean, Appco's owners, have been highly successful in building an extensive petroleum distribution network in the Southeast. Mr. Benedict will continue to lead Appco and assist in the transition to Titan.
"I look forward to personally working with Appco's talented management team and committed employees to provide petroleum products and environmentally friendly biofuels to the markets we serve," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "With strategic and capital support, this team is uniquely qualified to grow the Appco unit organically and through acquisitions."
"While our families enjoyed great success building Appco over the last eighty years, we concluded that our business had grown to a scale that it required specialized management and enhanced access to capital," said Jeff Benedict, President of Appalachian Oil Company. "As such, to continue our growth, a publicly traded company such as Titan provides the right platform to support organic growth and acquisition opportunities. Our team is very excited to be working with Titan's management and will continue to build on Appco's legacy and brand."
"We pride ourselves in providing creative financing solutions for innovative clients such as Titan Global," said Drew Neidorf, President of Greystone Business Credit. "We were delighted to assist Titan Global in completing the Appco acquisition and look forward to assisting Titan with future acquisitions it may pursue."
Consistent with commercially standard conditions, GBC required from Titan that it procure appraisals of Appco's business assets including its leasehold interests before funding against these assets. Given the number and geographic diversity of Appco's locations, GBC estimated it would take at least a month to complete these appraisals. GBC has reserved approximately $5 Million in funding against these assets based on the receipt of a satisfactory appraisal and customary documentation relating to these assets.
As a result, GBC wasn't able to advance any financing to Titan for Appco's term assets without an extended delay in the closing of the transaction which wasn't acceptable to Titan or Appco's sellers. In order to protect and consummate the acquisition, Titan sought Yorkville Advisor's prompt funding. These funds are now on deposit and security for Titan's loan with GBC. Once GBC appraises the assets and determines its approved funding against the Appco term assets, Titan will use these excess funds for organic growth and new strategic opportunities.
In connection with the funding, Titan issued to GBC 500,000 warrants at $2.00 per share and Yorkville Advisors 525,000 and 525,000 warrants at $2.4750 and $2.8125 per share, respectively. These warrants are cashed based (except in connection with a registration default) and have a term of five years.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Antwort auf Beitrag Nr.: 31.637.896 von wayne99 am 17.09.07 22:40:39So, gerade aus dem Urlaub zurueck und schon ist die Uebernahme abgeschlossen. Sehr schoen, nur schade, dass sie dann doch convertible debt aufnehmen und so viele warrants ausgeben mussten.
Bin mal auf die Gewinnschaetzung fuer naechstes Jahr gespannt. Wenn man sich den Umsatz von Appco anguckt und dann den Preis, den Titan bezahlt, koennen die ja nicht besonders profitabel sein. Da sollte also noch Verbesserungen drin sein.
HH
Bin mal auf die Gewinnschaetzung fuer naechstes Jahr gespannt. Wenn man sich den Umsatz von Appco anguckt und dann den Preis, den Titan bezahlt, koennen die ja nicht besonders profitabel sein. Da sollte also noch Verbesserungen drin sein.
HH
Antwort auf Beitrag Nr.: 31.637.896 von wayne99 am 17.09.07 22:40:39Moin Wayne! Sehr schön, dass die Übernahme geklappt hat. In einigen Fällen wurde eine Übernahme groß angekündigt und dann im letzten Moment abgeblasen. Schön dass TTGL Wort gehalten hat und dass die Sache jetzt unter Dach und Fach ist!
Antwort auf Beitrag Nr.: 31.639.214 von SharpRatio am 18.09.07 07:49:21Ja, die Übername hat geklappt, die Finanzierungsdetails wurden bekannt gegeben - nun dürften die Umsatzziele für 2008 realisierbar werden, die Rendite bei APPCO wird sich durch den geplanten Einsatz von Bioethanol ebenfalls günstig entwickeln.
Für diesen Monat steht ja noch eine weitere Übernahme an, zudem rechne ich auch bald mit einer Meldung zum geplanten Segmentwechsel an die Nasdaq.
Gruß Wayne
Für diesen Monat steht ja noch eine weitere Übernahme an, zudem rechne ich auch bald mit einer Meldung zum geplanten Segmentwechsel an die Nasdaq.
Gruß Wayne
Antwort auf Beitrag Nr.: 31.639.285 von wayne99 am 18.09.07 08:02:30Servus @ll,
bin ab heute mit dabei. Hatte TTGL lange auf meiner Watschlist wollte aber erst einsteigen wenn die Übernahme von Appalachian tatsächlich klappt.
@wayne99
über den Segmentwechsel (Nasdaq) steht in dem gestrigen NEWS auch was drin
"We worked hard for many months to find the right strategic energy acquisition for Titan that fit synergistically, reflects a solid value for our shareholders, and provides Titan with greater scale," said David Marks, Chairman of Titan Global Holdings. "The Appco acquisition achieves all of these goals. As Titan now has scale, we are exploring other strategic acquisition opportunities and plan to apply for listing on the NASDAQ this month."
Schau mer mal
bin ab heute mit dabei. Hatte TTGL lange auf meiner Watschlist wollte aber erst einsteigen wenn die Übernahme von Appalachian tatsächlich klappt.
@wayne99
über den Segmentwechsel (Nasdaq) steht in dem gestrigen NEWS auch was drin
"We worked hard for many months to find the right strategic energy acquisition for Titan that fit synergistically, reflects a solid value for our shareholders, and provides Titan with greater scale," said David Marks, Chairman of Titan Global Holdings. "The Appco acquisition achieves all of these goals. As Titan now has scale, we are exploring other strategic acquisition opportunities and plan to apply for listing on the NASDAQ this month."
Schau mer mal
Antwort auf Beitrag Nr.: 31.642.884 von new_investor am 18.09.07 13:08:34Hhmmmm, fuer ein NASDAQ-Listing muessen die, glaube ich, ueber vier Dollar stehen... Dann mal los.
HH
Dann mal los.HH
Da sollten wir uns vielleicht mal einklinken...
Titan Global Holdings Announces Investor Conference Call on September 20 to Discuss Milestone Appco Acquisition
CEO to Discuss Strategy for Aggregating Undervalued Assets in Dynamic Energy Sector
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, will hold an investor conference call on September 20, 2007, at 11 am Eastern, to discuss the Company's recently completed acquisition of 100% of the outstanding common stock of Appalachian Oil Company, Inc. http://www.goappco.com/, ("Appco").
The acquisition is consistent with the Company's high-growth business model focused on creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company.
During the conference call, Bryan Chance, Chief Executive Officer of Titan Global Holdings, will also discuss the Company's strategy for aggregating undervalued assets in the dynamic energy sector.
"Over the past two months Titan has transformed into a formidable conglomerate with a diversified portfolio of subsidiaries generating significant revenues," said Mr. Chance. "This conference call will serve as an ideal way for me to answer questions about the Appco acquisition and to communicate our vision to current and potential investors regarding additional acquisitions in the dynamic energy sector. We believe our strategic vision and accomplishments will continue to build shareholder value in the months and years to come."
Callers within the United States can access the conference call by calling (800) 288-8960; when prompted tell the operator you would like to connect to the 'Titan Global Holdings conference call.' International callers can dial (612) 332-0107. An online audio web simulcast of the call will also be accessible at http://www.trilogy-capital.com/tcp/titan/.
Titan Global Holdings Announces Investor Conference Call on September 20 to Discuss Milestone Appco Acquisition
CEO to Discuss Strategy for Aggregating Undervalued Assets in Dynamic Energy Sector
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, will hold an investor conference call on September 20, 2007, at 11 am Eastern, to discuss the Company's recently completed acquisition of 100% of the outstanding common stock of Appalachian Oil Company, Inc. http://www.goappco.com/, ("Appco").
The acquisition is consistent with the Company's high-growth business model focused on creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company.
During the conference call, Bryan Chance, Chief Executive Officer of Titan Global Holdings, will also discuss the Company's strategy for aggregating undervalued assets in the dynamic energy sector.
"Over the past two months Titan has transformed into a formidable conglomerate with a diversified portfolio of subsidiaries generating significant revenues," said Mr. Chance. "This conference call will serve as an ideal way for me to answer questions about the Appco acquisition and to communicate our vision to current and potential investors regarding additional acquisitions in the dynamic energy sector. We believe our strategic vision and accomplishments will continue to build shareholder value in the months and years to come."
Callers within the United States can access the conference call by calling (800) 288-8960; when prompted tell the operator you would like to connect to the 'Titan Global Holdings conference call.' International callers can dial (612) 332-0107. An online audio web simulcast of the call will also be accessible at http://www.trilogy-capital.com/tcp/titan/.
Titan Global Holdings Announces Progress Report and Refines Strategic Initiatives for Accelerated Growth of Titan Global Energy
Wednesday September 19, 9:18 am ET
Titan Global Energy Group Seeks to Replicate Appco Business Model in Contiguous Markets
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, today refined Titan Global Energy's Strategic Initiatives for fiscal 2008 following the milestone acquisition of Appalachian Oil Company ("Appco") earlier this week. This announcement was made by Bryan Chance, President and Chief Executive Officer of Titan Global Holdings.
ADVERTISEMENT
On August 6, 2007 Titan announced strategic initiatives for Titan Global Energy Group as follows:
Strategic Initiative 1 -- Secure supply of biofuels products through strategic agreements and acquisitions that will enhance profitability and environmental responsibility in the markets we serve.
Recently, Titan completed a biofuel supply agreement with NewGen Technologies, Inc. ("NewGen"). Under the terms of the agreement, Titan and NewGen entered into a contract for a term of 10 years providing Refuel America, Inc., a wholly owned subsidiary of NewGen, with the right to supply biofuel products to Appco or its affiliates at the then prevailing market price for such biofuel products at the time an order is placed.
Strategic Initiative 2 -- Seek opportunities to vertically integrate to increase our leverage and position in the energy product life cycle.
Titan and its strategic investors are exploring opportunities for the acquisition of energy resource assets including coal, natural gas, and tar sands located in the United States.
Strategic Initiative 3 -- Expand the markets we serve through acquisitions and organic growth in contiguous markets.
Titan acquired 100% of the outstanding common stock of Appco. Appco was formed in 1923 and based in Blountville, Tennessee, owns and operates an extensive petroleum product distribution network. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
Titan and its strategic investors are exploring opportunities to grow the Company's energy assets by replicating the efficient distribution model of Appco in contiguous markets. Appco leverages strategic partnerships with terminal operators and refineries to supply the petroleum needs of rural, underserved markets in the southeastern United States through its retail store footprint and wholesale dealer and commercial accounts.
Titan believes that expanded petroleum distribution opportunities will strengthen Appco's ability to supply environmentally friendly, profitable biofuels throughout its network.
"The founders and management of Appco have developed an efficient and productive distribution model," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Through strategic relationships with terminal operators and major oil companies, Appco has a consistent and competitively priced supply of branded and unbranded petroleum products that meet the demands of its customers. We are exploring asset acquisitions and strategic partnerships to replicate this model in other markets in the Southeast. Appco's proven management team has over 125 years aggregate experience developing this efficient network and the related markets."
Wednesday September 19, 9:18 am ET
Titan Global Energy Group Seeks to Replicate Appco Business Model in Contiguous Markets
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, today refined Titan Global Energy's Strategic Initiatives for fiscal 2008 following the milestone acquisition of Appalachian Oil Company ("Appco") earlier this week. This announcement was made by Bryan Chance, President and Chief Executive Officer of Titan Global Holdings.
ADVERTISEMENT
On August 6, 2007 Titan announced strategic initiatives for Titan Global Energy Group as follows:
Strategic Initiative 1 -- Secure supply of biofuels products through strategic agreements and acquisitions that will enhance profitability and environmental responsibility in the markets we serve.
Recently, Titan completed a biofuel supply agreement with NewGen Technologies, Inc. ("NewGen"). Under the terms of the agreement, Titan and NewGen entered into a contract for a term of 10 years providing Refuel America, Inc., a wholly owned subsidiary of NewGen, with the right to supply biofuel products to Appco or its affiliates at the then prevailing market price for such biofuel products at the time an order is placed.
Strategic Initiative 2 -- Seek opportunities to vertically integrate to increase our leverage and position in the energy product life cycle.
Titan and its strategic investors are exploring opportunities for the acquisition of energy resource assets including coal, natural gas, and tar sands located in the United States.
Strategic Initiative 3 -- Expand the markets we serve through acquisitions and organic growth in contiguous markets.
Titan acquired 100% of the outstanding common stock of Appco. Appco was formed in 1923 and based in Blountville, Tennessee, owns and operates an extensive petroleum product distribution network. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
Titan and its strategic investors are exploring opportunities to grow the Company's energy assets by replicating the efficient distribution model of Appco in contiguous markets. Appco leverages strategic partnerships with terminal operators and refineries to supply the petroleum needs of rural, underserved markets in the southeastern United States through its retail store footprint and wholesale dealer and commercial accounts.
Titan believes that expanded petroleum distribution opportunities will strengthen Appco's ability to supply environmentally friendly, profitable biofuels throughout its network.
"The founders and management of Appco have developed an efficient and productive distribution model," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Through strategic relationships with terminal operators and major oil companies, Appco has a consistent and competitively priced supply of branded and unbranded petroleum products that meet the demands of its customers. We are exploring asset acquisitions and strategic partnerships to replicate this model in other markets in the Southeast. Appco's proven management team has over 125 years aggregate experience developing this efficient network and the related markets."
Nabend @ll,
hat jemand von euch mal in das Conference Call reingehört?
Hört sich alles vielversprechend an die Amis sind auch begeistert.
http://www.trilogy-capital.com/tcp/titan/
Einfach mal reinhören..
Schau mer mal
hat jemand von euch mal in das Conference Call reingehört?
Hört sich alles vielversprechend an die Amis sind auch begeistert.
http://www.trilogy-capital.com/tcp/titan/
Einfach mal reinhören..
Schau mer mal
Antwort auf Beitrag Nr.: 31.680.994 von new_investor am 20.09.07 21:47:43Ja, hab auch mal reingehoert. Klingt wirklich alles sehr gut, auch wenn nicht viel Neues dabei war. Interessant war die Antwort auf die Frage nach dem NASDAQ-Listing. Die 4 USD sind wohl nicht unbedingt Voraussetzung, aber Bryan geht davon aus, dass sie dort so oder so bald hinkommen. Und ich auch...
Ansonsten haette ich aber gerne mal gewusst, wann sie denn eine Gewinnschaetzung fuer naechstes Jahr herausgeben wollen. Das wuerde uns dann auch mal die Moeglichkeit geben, die Aktie zu bewerten. Im Moment wissen wir ueber die Profitabilitaet von Appco gar nichts.
Hab diesbzgl. die IR schon angeschrieben, habe aber bisher keine Antwort erhalten.
HH
Und ich auch...Ansonsten haette ich aber gerne mal gewusst, wann sie denn eine Gewinnschaetzung fuer naechstes Jahr herausgeben wollen. Das wuerde uns dann auch mal die Moeglichkeit geben, die Aktie zu bewerten. Im Moment wissen wir ueber die Profitabilitaet von Appco gar nichts.
Hab diesbzgl. die IR schon angeschrieben, habe aber bisher keine Antwort erhalten.
HH
Ein schoener Tag geht zu Ende...
SK = 2,13 USD + 9%. So kann's weiter gehen!
HH
SK = 2,13 USD + 9%. So kann's weiter gehen!
HH
Antwort auf Beitrag Nr.: 31.681.336 von HHtrader am 20.09.07 22:17:06SK war 2,16$
TTGL.OB 3:58PM ET 2.16 0.21 10.77% 2.09 2.16 276,802
TTGL.OB 3:58PM ET 2.16 0.21 10.77% 2.09 2.16 276,802
Antwort auf Beitrag Nr.: 31.681.587 von wayne99 am 20.09.07 22:47:23Umso besser...
Das nennt man dann wohl offensive Synergien...
Titan Global Holdings Announces Integration of Brand Name Communications Products into Appco Retail Distribution System
Titan Global Brands Expected to Begin Generating Revenues from Wireless Products at Appco's More than 55 Retail Locations in October, 2007
Titan Global Holdings, Inc. (OTCBB:TTGL), ("Titan") a high-growth diversified holding company, has announced that Titan Global Brands will introduce Titan Wireless products through Appco's extensive retail distribution system in the southeastern United States. The strategic plan, which is expected to be executed in October, 2007, is consistent with the Company's stated strategic initiative to leverage and optimize overlapping distribution channels from its recent acquired subsidiaries.
Last month Titan 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.
"We are pleased to introduce our family of products to the Appco retail locations consistent with our other high-growth wireless initiatives," said Dennis Henderson, President of Titan Wireless. "We provide high quality, value priced handsets with access to efficient prepaid domestic and international termination rates. Most importantly, business is conducted with fiscal responsibility in mind, so we'll be able to deliver this value over the long term. As a result, our sales team is having great success as we expand our distribution footprint to more retail locations nationwide."
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues in May 2007.
"We are focused on create synergies between our brands and distribution channels," said Kurt Jensen, President of Titan Communications Division. "Appco's distribution channels are perfect for the family of products produced by Titan's Communication Division. Our efficient rate plans offer our customers the freedom to 'pay as you go' wherever they are. We look forward to increasing our retail footprint and subscribers in fiscal 2008." [/i]
Titan Global Holdings Announces Integration of Brand Name Communications Products into Appco Retail Distribution System
Titan Global Brands Expected to Begin Generating Revenues from Wireless Products at Appco's More than 55 Retail Locations in October, 2007
Titan Global Holdings, Inc. (OTCBB:TTGL), ("Titan") a high-growth diversified holding company, has announced that Titan Global Brands will introduce Titan Wireless products through Appco's extensive retail distribution system in the southeastern United States. The strategic plan, which is expected to be executed in October, 2007, is consistent with the Company's stated strategic initiative to leverage and optimize overlapping distribution channels from its recent acquired subsidiaries.
Last month Titan 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.
"We are pleased to introduce our family of products to the Appco retail locations consistent with our other high-growth wireless initiatives," said Dennis Henderson, President of Titan Wireless. "We provide high quality, value priced handsets with access to efficient prepaid domestic and international termination rates. Most importantly, business is conducted with fiscal responsibility in mind, so we'll be able to deliver this value over the long term. As a result, our sales team is having great success as we expand our distribution footprint to more retail locations nationwide."
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues in May 2007.
"We are focused on create synergies between our brands and distribution channels," said Kurt Jensen, President of Titan Communications Division. "Appco's distribution channels are perfect for the family of products produced by Titan's Communication Division. Our efficient rate plans offer our customers the freedom to 'pay as you go' wherever they are. We look forward to increasing our retail footprint and subscribers in fiscal 2008." [/i]
So nutzt man Synergien
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Integration of Brand Name Communications Products into Appco Retail Distribution System
Friday September 21, 11:17 am ET
Titan Global Brands Expected to Begin Generating Revenues from Wireless Products at Appco's More than 55 Retail Locations in October, 2007
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), ("Titan") a high-growth diversified holding company, has announced that Titan Global Brands will introduce Titan Wireless products through Appco's extensive retail distribution system in the southeastern United States. The strategic plan, which is expected to be executed in October, 2007, is consistent with the Company's stated strategic initiative to leverage and optimize overlapping distribution channels from its recent acquired subsidiaries.
Last month Titan 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.
"We are pleased to introduce our family of products to the Appco retail locations consistent with our other high-growth wireless initiatives," said Dennis Henderson, President of Titan Wireless. "We provide high quality, value priced handsets with access to efficient prepaid domestic and international termination rates. Most importantly, business is conducted with fiscal responsibility in mind, so we'll be able to deliver this value over the long term. As a result, our sales team is having great success as we expand our distribution footprint to more retail locations nationwide."
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues in May 2007.
"We are focused on create synergies between our brands and distribution channels," said Kurt Jensen, President of Titan Communications Division. "Appco's distribution channels are perfect for the family of products produced by Titan's Communication Division. Our efficient rate plans offer our customers the freedom to 'pay as you go' wherever they are. We look forward to increasing our retail footprint and subscribers in fiscal 2008."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Integration of Brand Name Communications Products into Appco Retail Distribution System
Friday September 21, 11:17 am ET
Titan Global Brands Expected to Begin Generating Revenues from Wireless Products at Appco's More than 55 Retail Locations in October, 2007
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), ("Titan") a high-growth diversified holding company, has announced that Titan Global Brands will introduce Titan Wireless products through Appco's extensive retail distribution system in the southeastern United States. The strategic plan, which is expected to be executed in October, 2007, is consistent with the Company's stated strategic initiative to leverage and optimize overlapping distribution channels from its recent acquired subsidiaries.
Last month Titan 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.
"We are pleased to introduce our family of products to the Appco retail locations consistent with our other high-growth wireless initiatives," said Dennis Henderson, President of Titan Wireless. "We provide high quality, value priced handsets with access to efficient prepaid domestic and international termination rates. Most importantly, business is conducted with fiscal responsibility in mind, so we'll be able to deliver this value over the long term. As a result, our sales team is having great success as we expand our distribution footprint to more retail locations nationwide."
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues in May 2007.
"We are focused on create synergies between our brands and distribution channels," said Kurt Jensen, President of Titan Communications Division. "Appco's distribution channels are perfect for the family of products produced by Titan's Communication Division. Our efficient rate plans offer our customers the freedom to 'pay as you go' wherever they are. We look forward to increasing our retail footprint and subscribers in fiscal 2008."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Form 8-K for TITAN GLOBAL HOLDINGS, INC.
--------------------------------------------------------------------------------
21-Sep-2007
Unregistered Sale of Equity Securities, Regulation FD Disclosure, Fin
Item 3.02 Unregistered Sales of Equity Securities.
Appco Stock Purchase Agreement
On September 17, 2007, Titan Global Holdings, Inc. ("Titan") completed the acquisition all of the issued and outstanding shares of capital stock of Appalachian Oil Company, Inc., a corporation formed under the laws of Tennessee ("Appco"), from the James R. Maclean Revocable Trust, Sara G. Maclean, the Linda R. Maclean Irrevocable Trust and Jeffrey H. Benedict. The purchase price paid for the shares under the Appco stock purchase agreement, as amended, was $30,000,000 in cash, of which $1,000,000 was escrowed for an 18 month period following the closing of the acquisition in order to secure Titan's potential claims against the Appco sellers for any breach of their representations, warranties and covenants under the stock purchase agreement.
Appco is headquartered in Blountville, Tennessee and is primarily engaged in the distribution of petroleum fuels in eastern Tennessee, southwestern Virginia, eastern Kentucky, western North Carolina and southern West Virginia and in the ownership and operation of retail convenience stores in some of those regions.
Real Estate Purchase and Sale Agreement
Immediately after the closing of the acquisition by Titan of Appco on September 17, 2007, Appco and its wholly owned subsidiary, Appco-KY, Inc. ("Appco KY") entered into a purchase and sale agreement with YA Landholdings, LLC and YA Landholdings 7, LLC (the "Real Estate Purchaser") pursuant to which Appco and Appco-KY sold certain real property located in Kentucky, Tennessee and Virginia for a price of $15,000,000 in cash. The purchase price was utilized to fund a portion of the acquisition of Appco. Certain of these properties were then leased back to Appco by YA Landholdings, LLC, for a term of 20 years pursuant to the terms of a Land and Building Lease Agreement. Pursuant to the terms of a consultancy arrangement between the Real Estate Purchaser and Phoenix Investors LLC ("Phoenix"), Phoenix will be paid a consulting fee equal to 20% of the profit on any sale of the real estate purchased by the Real Estate Purchaser. Phoenix is owned jointly by David Marks, Chairman of Titan and Frank Crivello, a principal owner of Farwell Equity Partners, LLC which is a principal stockholder of Titan.
Greystone Financing
Also on September 17, 2007, Appco entered into Loan and Security Agreement (the "Loan and Security Agreement") with the Lenders that are parties thereto (the "Lenders") and Greystone Business Credit II L.L.C ("Greystone") as Agent. The credit facility with the Lenders includes a revolving line of credit in the maximum amount of $20,000,000 less the outstanding balance under Term Notes A, B and C under the Loan and Security Agreement dated as of December 29, 2006 among Titan, Titan PCB West, Inc., Titan PCB East, Inc., Oblio Telecom, Inc., Titan Wireless Communications, Inc., Start Talk Inc., Pinless, Inc. and Greystone. The credit facility also includes term loans of up to $5,200,000. An aggregate of approximately $20,300,000 was advanced to Appco at the closing.
--------------------------------------------------------------------------------
Loans will be advanced based upon (i) 90% of eligible accounts receivable, and
(ii) the sum of up to 45% of eligible convenience store inventory plus up to 75% of eligible fuel inventory. Appco is required to have a minimum loan amount of $10,000,000.
The revolving credit facility and the term loans bear interest at a rate of 1.5%, plus the prime interest rate.
Appco granted a security interest in all of its assets to the Lenders as security for the financing facility. Such security included a pledge of all trademarks and the stock of all subsidiaries. Titan and each of its subsidiaries also guaranteed the obligations.
Appco paid a commitment fee of $200,000 and will pay an initial term facility fee and renewal term facility fee of .675%. A loan servicing fee of .25% is payable each month based on the average daily outstanding balance outstanding under the revolving facility and the term loans. In the event of a termination of the facility, an early termination fee will be payable. Such fee equals 1% of the maximum revolving facility and the term loans if the termination occurs during the first year, which is reduced to 0.50% if termination occurs in the second year and 0.25% if terminated thereafter. Appco will also be assessed credit accommodation fees of 2% of the face amount of the letter of credit for up to 60 days and 1% of the face amount of such letter of credit for each 30 day period thereafter.
As additional consideration for the facility, Titan issued to Greystone a warrant to purchase 500,000 shares of common stock at a price of $2.00 per share, exercisable for a period of five years. Titan is obligated to register the common stock underlying the warrant within 6 months of the closing. Pursuant to the agreement between Titan and Crivello Group, LLC ("CG") dated as of July 23, 2007, Titan agreed to pay CG a cash fee of $750,000 and issue CG a warrant to purchase 10,000,000 shares of common stock at a price of $1.30 per share (cash or cashless), exercisable for a period of 10 years, as consideration for presenting Titan with the opportunity to purchase Appco.
The proceeds of the credit facility were used to fund the acquisition and operations of Appco.
YA Global Investments Financing
On September 17, 2007, Titan consummated a Securities Purchase Agreement (the "Purchase Agreement") with YA Global Investments, L.P. ("YA Global") providing for the sale by Titan to YA Global of a secured convertible debenture in the principal amount of $6,000,000 (the "Debenture"), all of which was advanced immediately. Interest on the Debenture accrues at 10% per annum. The Debenture is convertible at the option of YA Global into shares of common stock of Titan at a price of $2.25 per share.
The Debenture matures on the third anniversary of the date of issuance (the "Maturity Date"). Beginning on May 1, 2008 and continuing on the first business day of each successive month Titan shall make payments by converting such installment payment into shares of common stock provided certain equity conditions are met. The conversion price is equal to the lower of (i) $2.25 per share, or (ii) 90% of the lowest daily volume weighted average price of the common stock during the 15 consecutive trading days immediately preceding the conversion date. Titan may also at its option choose to redeem a portion or all of the installment payment by paying such amounts in cash plus a redemption premium of 10%. Titan may defer the payment of any installment payment to the maturity date if the volume weighted average rice of the common stock equals 110% of the applicable conversion price for the consecutive 5 trading days prior to the notice due date for the applicable installment payment. Each installment amount shall be equal to all accrued and unpaid interest, plus the lesser of (a) the product of (i) $200,000 multiplied by a fraction of which the numerator is the original principal amount and the denominator of which is the aggregate purchase price paid under the Purchase Agreement and (b) the principal amount of the Debenture on the installment payment date.
--------------------------------------------------------------------------------
Titan has the right to redeem a portion or all amounts outstanding under the Debenture prior to the maturity date at a premium of 10% provided that (i) the VWAP of Titan's Common Stock is less than the conversion price of $2.25; (ii) no event of default has occurred and (iii) the underlying Registration Statement is effective.
Under the Purchase Agreement, Titan also issued to YA Global warrants to purchase an aggregate of 1,050,000 shares of Titan's common stock, half of which are exercisable at a price $2.47 and half of which are exercisable $2.81(collectively, the "Warrants"), exercisable for a period of five years.
In connection with the Purchase Agreement, Titan also entered into a registration rights agreement with YA Global (the "Registration Rights Agreement") providing for the filing of a registration statement (the "Registration Statement") with the Securities and Exchange Commission registering at least 4,600,000 shares of common stock issuable upon conversion of the Debentures and exercise of the Warrants. The Registration Statement must be filed no later than the 30th calendar day following the completion of the audit of Appco and USA Detergents, Inc. but not later than 90 days after the closing. Titan is obligated to use its best efforts to cause the Registration Statement to be declared effective within 90 days of filing and to insure that the registration statement remains in effect until all of the shares of common stock issuable upon conversion of the Debentures and exercise of the Warrants have been sold. In the event of a default of its obligations under the Registration Rights Agreement, including its agreement to file the Registration Statement with the Securities and Exchange Commission no later than December 17, 2007, or if the Registration Statement is not declared effective by March 17, 2007, it is required to pay to YA Global, as liquidated damages, for each thirty . . .
Item 7.01 Regulation FD Disclosure.
On September 17, 2007, Titan issued a press release concerning the foregoing matters. A copy of such press release is being furnished as Exhibit 99.1 to this current report on Form 8-K.
The information in this Item 7.01 of this current report on Form 8-K, together with the information in Exhibit 99.1, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Such information shall not be deemed incorporated by reference into any registration statement or other document filed with the SEC.
Item 9.01 Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired
(to be filed by amendment)
(b) Pro Forma Financial Information
(to be filed by amendment)
Exhibit
Number Description
10.1 Stock Purchase Agreement dated as of July 17, 2007 by and among
Appalachian Oil Company, Inc., the James R. Maclean Revocable Trust,
Sara G. Maclean, the Linda R. Maclean Irrevocable Trust and Jeffrey H.
Benedict. (Incorporated by reference to Titan's Form 8-K filed with the
SEC on July 23, 2007)
10.2 Addendum to Stock Purchase Agreement dated as of July 17, 2007 by and
among Appalachian Oil Company, Inc., the James R. Maclean Revocable
Trust, Sara G. Maclean, the Linda R. Maclean Irrevocable Trust and
Jeffrey H. Benedict. (Incorporated by reference to Titan's Form 8-K
filed with the SEC on July 23, 2007)
10.3 Addendum to Stock Purchase Agreement dated as of August 29, 2007 by and
among Appalachian Oil Company, Inc., the James R. Maclean Revocable
Trust, Sara G. Maclean, the Linda R. Maclean Irrevocable Trust and
Jeffrey H. Benedict. *
10.4 Addendum to Stock Purchase Agreement dated as of September 14, 2007 by
and among Appalachian Oil Company, Inc., the James R. Maclean Revocable
Trust, Sara G. Maclean, the Linda R. Maclean Irrevocable Trust and
Jeffrey H. Benedict. *
10.5 Addendum to Stock Purchase Agreement dated as of September 17, 2007 by
and among Appalachian Oil Company, Inc., the James R. Maclean Revocable
Trust, Sara G. Maclean, the Linda R. Maclean Irrevocable Trust and
Jeffrey H. Benedict. *
10.6 Loan and Security Agreement dated September 17, 2007 with the Lenders
that are parties thereto and Greystone Business Credit II L.L.C.*
10.7 Security Agreement between Appco-KY, Inc. and Greystone Business Credit
II, L.L.C. *
10.8 Corporate Guaranty dated as of September 17, 2007 by Appco-KY, Inc. *
10.9 Corporate Guaranty by Appalachian Oil Company, Inc. and Appco-KY, Inc. *
10.10 Corporate Guaranty by Titan Global Holdings, Inc., Titan PCB West, Inc.,
Titan PCB East, Inc., Oblio Telecom, Inc., Titan Wireless
Communications, Inc., Starttalk, Inc., and Pinless, Inc. *
10.11 Trademark Security Agreement dated as of September 17, 2007 between
Appalachian Oil Company, Inc. in favor of and Greystone Business Credit
II, L.L.C. *
10.12 Stock Pledge Agreement dated as of September 17, 2007 by Appalachian Oil
Company, Inc. to and for the benefit of and Greystone Business Credit
II, L.L.C.
10.13 Stock Pledge Agreement dated as of September 17, 2007 by Titan Global
Holdings, Inc. to and for the benefit of and Greystone Business Credit
II, L.L.C.
10.14 Purchase and Sale Agreement dated as of September 17, 2007 by and
between Appalachian Oil Company, Inc. and Appco-KY, Inc., YA
Landholdings, LLC and YA Landholdings 7, LLC.*
10.15 Form of Land and Building Lease Agreement between YA Landholdings, LLC
and Appalachian Oil Company, Inc. *
10.16 Securities Purchase Agreement dated as of September 17, 2007 by and
between Titan Global Holdings, Inc. and YA Global Investments, L.P.*
10.17 Registration Rights Agreement dated as of September 17, 2007 by and
between Titan Global Holdings, Inc. and YA Global Investments, L.P.*
10.18 Security Agreement dated as of September 17, 2007 by and between Titan
Global Holdings, Inc. and each of its subsidiaries listed on Schedule I
thereto and YA Global Investments, L.P.*
10.19 Guaranty Agreement dated as of September 17, 2007 by and between Titan
Global Holdings, Inc. and each of its subsidiaries listed on Schedule I
thereto and YA Global Investments, L.P.*
10.20 Form of Warrant issued to YA Global Investments, L.P.*
99.1 Press Release dated September 17, 2007*
--------------------------------------------------------------------------------
21-Sep-2007
Unregistered Sale of Equity Securities, Regulation FD Disclosure, Fin
Item 3.02 Unregistered Sales of Equity Securities.
Appco Stock Purchase Agreement
On September 17, 2007, Titan Global Holdings, Inc. ("Titan") completed the acquisition all of the issued and outstanding shares of capital stock of Appalachian Oil Company, Inc., a corporation formed under the laws of Tennessee ("Appco"), from the James R. Maclean Revocable Trust, Sara G. Maclean, the Linda R. Maclean Irrevocable Trust and Jeffrey H. Benedict. The purchase price paid for the shares under the Appco stock purchase agreement, as amended, was $30,000,000 in cash, of which $1,000,000 was escrowed for an 18 month period following the closing of the acquisition in order to secure Titan's potential claims against the Appco sellers for any breach of their representations, warranties and covenants under the stock purchase agreement.
Appco is headquartered in Blountville, Tennessee and is primarily engaged in the distribution of petroleum fuels in eastern Tennessee, southwestern Virginia, eastern Kentucky, western North Carolina and southern West Virginia and in the ownership and operation of retail convenience stores in some of those regions.
Real Estate Purchase and Sale Agreement
Immediately after the closing of the acquisition by Titan of Appco on September 17, 2007, Appco and its wholly owned subsidiary, Appco-KY, Inc. ("Appco KY") entered into a purchase and sale agreement with YA Landholdings, LLC and YA Landholdings 7, LLC (the "Real Estate Purchaser") pursuant to which Appco and Appco-KY sold certain real property located in Kentucky, Tennessee and Virginia for a price of $15,000,000 in cash. The purchase price was utilized to fund a portion of the acquisition of Appco. Certain of these properties were then leased back to Appco by YA Landholdings, LLC, for a term of 20 years pursuant to the terms of a Land and Building Lease Agreement. Pursuant to the terms of a consultancy arrangement between the Real Estate Purchaser and Phoenix Investors LLC ("Phoenix"), Phoenix will be paid a consulting fee equal to 20% of the profit on any sale of the real estate purchased by the Real Estate Purchaser. Phoenix is owned jointly by David Marks, Chairman of Titan and Frank Crivello, a principal owner of Farwell Equity Partners, LLC which is a principal stockholder of Titan.
Greystone Financing
Also on September 17, 2007, Appco entered into Loan and Security Agreement (the "Loan and Security Agreement") with the Lenders that are parties thereto (the "Lenders") and Greystone Business Credit II L.L.C ("Greystone") as Agent. The credit facility with the Lenders includes a revolving line of credit in the maximum amount of $20,000,000 less the outstanding balance under Term Notes A, B and C under the Loan and Security Agreement dated as of December 29, 2006 among Titan, Titan PCB West, Inc., Titan PCB East, Inc., Oblio Telecom, Inc., Titan Wireless Communications, Inc., Start Talk Inc., Pinless, Inc. and Greystone. The credit facility also includes term loans of up to $5,200,000. An aggregate of approximately $20,300,000 was advanced to Appco at the closing.
--------------------------------------------------------------------------------
Loans will be advanced based upon (i) 90% of eligible accounts receivable, and
(ii) the sum of up to 45% of eligible convenience store inventory plus up to 75% of eligible fuel inventory. Appco is required to have a minimum loan amount of $10,000,000.
The revolving credit facility and the term loans bear interest at a rate of 1.5%, plus the prime interest rate.
Appco granted a security interest in all of its assets to the Lenders as security for the financing facility. Such security included a pledge of all trademarks and the stock of all subsidiaries. Titan and each of its subsidiaries also guaranteed the obligations.
Appco paid a commitment fee of $200,000 and will pay an initial term facility fee and renewal term facility fee of .675%. A loan servicing fee of .25% is payable each month based on the average daily outstanding balance outstanding under the revolving facility and the term loans. In the event of a termination of the facility, an early termination fee will be payable. Such fee equals 1% of the maximum revolving facility and the term loans if the termination occurs during the first year, which is reduced to 0.50% if termination occurs in the second year and 0.25% if terminated thereafter. Appco will also be assessed credit accommodation fees of 2% of the face amount of the letter of credit for up to 60 days and 1% of the face amount of such letter of credit for each 30 day period thereafter.
As additional consideration for the facility, Titan issued to Greystone a warrant to purchase 500,000 shares of common stock at a price of $2.00 per share, exercisable for a period of five years. Titan is obligated to register the common stock underlying the warrant within 6 months of the closing. Pursuant to the agreement between Titan and Crivello Group, LLC ("CG") dated as of July 23, 2007, Titan agreed to pay CG a cash fee of $750,000 and issue CG a warrant to purchase 10,000,000 shares of common stock at a price of $1.30 per share (cash or cashless), exercisable for a period of 10 years, as consideration for presenting Titan with the opportunity to purchase Appco.
The proceeds of the credit facility were used to fund the acquisition and operations of Appco.
YA Global Investments Financing
On September 17, 2007, Titan consummated a Securities Purchase Agreement (the "Purchase Agreement") with YA Global Investments, L.P. ("YA Global") providing for the sale by Titan to YA Global of a secured convertible debenture in the principal amount of $6,000,000 (the "Debenture"), all of which was advanced immediately. Interest on the Debenture accrues at 10% per annum. The Debenture is convertible at the option of YA Global into shares of common stock of Titan at a price of $2.25 per share.
The Debenture matures on the third anniversary of the date of issuance (the "Maturity Date"). Beginning on May 1, 2008 and continuing on the first business day of each successive month Titan shall make payments by converting such installment payment into shares of common stock provided certain equity conditions are met. The conversion price is equal to the lower of (i) $2.25 per share, or (ii) 90% of the lowest daily volume weighted average price of the common stock during the 15 consecutive trading days immediately preceding the conversion date. Titan may also at its option choose to redeem a portion or all of the installment payment by paying such amounts in cash plus a redemption premium of 10%. Titan may defer the payment of any installment payment to the maturity date if the volume weighted average rice of the common stock equals 110% of the applicable conversion price for the consecutive 5 trading days prior to the notice due date for the applicable installment payment. Each installment amount shall be equal to all accrued and unpaid interest, plus the lesser of (a) the product of (i) $200,000 multiplied by a fraction of which the numerator is the original principal amount and the denominator of which is the aggregate purchase price paid under the Purchase Agreement and (b) the principal amount of the Debenture on the installment payment date.
--------------------------------------------------------------------------------
Titan has the right to redeem a portion or all amounts outstanding under the Debenture prior to the maturity date at a premium of 10% provided that (i) the VWAP of Titan's Common Stock is less than the conversion price of $2.25; (ii) no event of default has occurred and (iii) the underlying Registration Statement is effective.
Under the Purchase Agreement, Titan also issued to YA Global warrants to purchase an aggregate of 1,050,000 shares of Titan's common stock, half of which are exercisable at a price $2.47 and half of which are exercisable $2.81(collectively, the "Warrants"), exercisable for a period of five years.
In connection with the Purchase Agreement, Titan also entered into a registration rights agreement with YA Global (the "Registration Rights Agreement") providing for the filing of a registration statement (the "Registration Statement") with the Securities and Exchange Commission registering at least 4,600,000 shares of common stock issuable upon conversion of the Debentures and exercise of the Warrants. The Registration Statement must be filed no later than the 30th calendar day following the completion of the audit of Appco and USA Detergents, Inc. but not later than 90 days after the closing. Titan is obligated to use its best efforts to cause the Registration Statement to be declared effective within 90 days of filing and to insure that the registration statement remains in effect until all of the shares of common stock issuable upon conversion of the Debentures and exercise of the Warrants have been sold. In the event of a default of its obligations under the Registration Rights Agreement, including its agreement to file the Registration Statement with the Securities and Exchange Commission no later than December 17, 2007, or if the Registration Statement is not declared effective by March 17, 2007, it is required to pay to YA Global, as liquidated damages, for each thirty . . .
Item 7.01 Regulation FD Disclosure.
On September 17, 2007, Titan issued a press release concerning the foregoing matters. A copy of such press release is being furnished as Exhibit 99.1 to this current report on Form 8-K.
The information in this Item 7.01 of this current report on Form 8-K, together with the information in Exhibit 99.1, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Such information shall not be deemed incorporated by reference into any registration statement or other document filed with the SEC.
Item 9.01 Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired
(to be filed by amendment)
(b) Pro Forma Financial Information
(to be filed by amendment)
Exhibit
Number Description
10.1 Stock Purchase Agreement dated as of July 17, 2007 by and among
Appalachian Oil Company, Inc., the James R. Maclean Revocable Trust,
Sara G. Maclean, the Linda R. Maclean Irrevocable Trust and Jeffrey H.
Benedict. (Incorporated by reference to Titan's Form 8-K filed with the
SEC on July 23, 2007)
10.2 Addendum to Stock Purchase Agreement dated as of July 17, 2007 by and
among Appalachian Oil Company, Inc., the James R. Maclean Revocable
Trust, Sara G. Maclean, the Linda R. Maclean Irrevocable Trust and
Jeffrey H. Benedict. (Incorporated by reference to Titan's Form 8-K
filed with the SEC on July 23, 2007)
10.3 Addendum to Stock Purchase Agreement dated as of August 29, 2007 by and
among Appalachian Oil Company, Inc., the James R. Maclean Revocable
Trust, Sara G. Maclean, the Linda R. Maclean Irrevocable Trust and
Jeffrey H. Benedict. *
10.4 Addendum to Stock Purchase Agreement dated as of September 14, 2007 by
and among Appalachian Oil Company, Inc., the James R. Maclean Revocable
Trust, Sara G. Maclean, the Linda R. Maclean Irrevocable Trust and
Jeffrey H. Benedict. *
10.5 Addendum to Stock Purchase Agreement dated as of September 17, 2007 by
and among Appalachian Oil Company, Inc., the James R. Maclean Revocable
Trust, Sara G. Maclean, the Linda R. Maclean Irrevocable Trust and
Jeffrey H. Benedict. *
10.6 Loan and Security Agreement dated September 17, 2007 with the Lenders
that are parties thereto and Greystone Business Credit II L.L.C.*
10.7 Security Agreement between Appco-KY, Inc. and Greystone Business Credit
II, L.L.C. *
10.8 Corporate Guaranty dated as of September 17, 2007 by Appco-KY, Inc. *
10.9 Corporate Guaranty by Appalachian Oil Company, Inc. and Appco-KY, Inc. *
10.10 Corporate Guaranty by Titan Global Holdings, Inc., Titan PCB West, Inc.,
Titan PCB East, Inc., Oblio Telecom, Inc., Titan Wireless
Communications, Inc., Starttalk, Inc., and Pinless, Inc. *
10.11 Trademark Security Agreement dated as of September 17, 2007 between
Appalachian Oil Company, Inc. in favor of and Greystone Business Credit
II, L.L.C. *
10.12 Stock Pledge Agreement dated as of September 17, 2007 by Appalachian Oil
Company, Inc. to and for the benefit of and Greystone Business Credit
II, L.L.C.
10.13 Stock Pledge Agreement dated as of September 17, 2007 by Titan Global
Holdings, Inc. to and for the benefit of and Greystone Business Credit
II, L.L.C.
10.14 Purchase and Sale Agreement dated as of September 17, 2007 by and
between Appalachian Oil Company, Inc. and Appco-KY, Inc., YA
Landholdings, LLC and YA Landholdings 7, LLC.*
10.15 Form of Land and Building Lease Agreement between YA Landholdings, LLC
and Appalachian Oil Company, Inc. *
10.16 Securities Purchase Agreement dated as of September 17, 2007 by and
between Titan Global Holdings, Inc. and YA Global Investments, L.P.*
10.17 Registration Rights Agreement dated as of September 17, 2007 by and
between Titan Global Holdings, Inc. and YA Global Investments, L.P.*
10.18 Security Agreement dated as of September 17, 2007 by and between Titan
Global Holdings, Inc. and each of its subsidiaries listed on Schedule I
thereto and YA Global Investments, L.P.*
10.19 Guaranty Agreement dated as of September 17, 2007 by and between Titan
Global Holdings, Inc. and each of its subsidiaries listed on Schedule I
thereto and YA Global Investments, L.P.*
10.20 Form of Warrant issued to YA Global Investments, L.P.*
99.1 Press Release dated September 17, 2007*
Moin @ll,
TTGL wird die Rakete in 2008!!
Sobald USA Detergents Aquisition abgeschlossen ist wird der Kurs Richtung Nasdaq -> $4,- marschieren....
Schau mer mal
Titan Global Holdings Announces Continued Customer Gains in Electronics and Homeland Security Division
Tuesday September 25, 12:50 am ET
Continued Growth in Business Units Validates Company's Rep-Centric Business Development Strategy
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News), a high-growth diversified holding company, announced today continued customer gains for its Electronics and Homeland Security Division with an additional 27 new customers in August and September month-to-date.
ADVERTISEMENT
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. Titan previously announced revenue guidance of $30 million and net operating income guidance of $1 million for the fiscal year ended August 31, 2008.
"In 2007 Titan PCB substantially strengthened its management team adding three industry veterans to our strong team," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "We are reaping the continued benefits of these additions as we have implemented a 'rep-centric' sales approach that is efficiently reaching new customers across the country. Coupled with added efficiencies in operations, we are entering fiscal 2008 with momentum as we add more customers and improve on-time deliveries and lead time."
During fiscal 2007 Titan's Electronics and Homeland Security Division added proven industry veterans Mike Kadlec as Senior Vice President of Sales during the second quarter of 2007, Mike Berg as Vice President of Operations at Titan East during the third quarter of 2007 and Ed Peterson as Vice President of Operations at Titan PCB West during the fourth quarter of 2007.
"Curtis and his team are exploiting operational efficiencies with a creative sales approach," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "This division continues to increase its customer base, add geographic and industry diversity and improve operating income. We look forward to creating unprecedented returns to our shareholders from our legacy division in 2008."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
TTGL wird die Rakete in 2008!!
Sobald USA Detergents Aquisition abgeschlossen ist wird der Kurs Richtung Nasdaq -> $4,- marschieren....
Schau mer mal
Titan Global Holdings Announces Continued Customer Gains in Electronics and Homeland Security Division
Tuesday September 25, 12:50 am ET
Continued Growth in Business Units Validates Company's Rep-Centric Business Development Strategy
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News), a high-growth diversified holding company, announced today continued customer gains for its Electronics and Homeland Security Division with an additional 27 new customers in August and September month-to-date.
ADVERTISEMENT
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. Titan previously announced revenue guidance of $30 million and net operating income guidance of $1 million for the fiscal year ended August 31, 2008.
"In 2007 Titan PCB substantially strengthened its management team adding three industry veterans to our strong team," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "We are reaping the continued benefits of these additions as we have implemented a 'rep-centric' sales approach that is efficiently reaching new customers across the country. Coupled with added efficiencies in operations, we are entering fiscal 2008 with momentum as we add more customers and improve on-time deliveries and lead time."
During fiscal 2007 Titan's Electronics and Homeland Security Division added proven industry veterans Mike Kadlec as Senior Vice President of Sales during the second quarter of 2007, Mike Berg as Vice President of Operations at Titan East during the third quarter of 2007 and Ed Peterson as Vice President of Operations at Titan PCB West during the fourth quarter of 2007.
"Curtis and his team are exploiting operational efficiencies with a creative sales approach," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "This division continues to increase its customer base, add geographic and industry diversity and improve operating income. We look forward to creating unprecedented returns to our shareholders from our legacy division in 2008."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Presents Transcript of Latest Investor Conference Call Detailing Strategy Following Acquisition of Appco
Tuesday September 25, 9:37 am ET
CEO Discusses Strategic Focus of Titan Global Energy and Highlights Recent Achievements from Company's Diversified Divisions
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, invites investors to view a transcript and audiocast of the Company's recent investor conference call, during which Chief Executive Officer, Bryan Chance details the Company's recent strategic achievements, including the completion of the Appco acquisition, and initiatives for capitalizing on high-growth opportunities in the energy, communications, consumer products and Homeland Security sectors for the remainder of 2007 and beyond.
ADVERTISEMENT
"We've really set forth a very clear three-part strategic plan for expanding on our initial acquisition in the (energy) sector," said Mr. Chance. "First, we want to leverage the existing distribution network of Appalachian Oil to lead that market in the supply of biofuel products through strategic agreements and acquisitions that will enhance our wholesale profitability, as well as our retail distribution, and furthermore enhance our environmental responsibility in the markets that we serve."
"Second, we really seek to find opportunities through Titan Global to vertically integrate and increase our leverage and position in the energy product lifecycle," continued Mr. Chance. "And finally, we look to expand the markets we serve through acquisitions in organic growth in contiguous markets."
The recent formation of Titan Global Energy further validates the Titan's strategic vision for creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company. Titan Global Energy, capitalizing on earnings opportunities within the energy sector, has been formed to aggregate undervalued assets which can provide significant opportunities for revenue and earnings growth.
To read the entire transcript please visit http://www.trilogy-capital.com/tcp/titan/." target="_blank" rel="nofollow ugc noopener">http://www.trilogy-capital.com/tcp/titan/.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Titan Global Holdings Presents Transcript of Latest Investor Conference Call Detailing Strategy Following Acquisition of Appco
Tuesday September 25, 9:37 am ET
CEO Discusses Strategic Focus of Titan Global Energy and Highlights Recent Achievements from Company's Diversified Divisions
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, invites investors to view a transcript and audiocast of the Company's recent investor conference call, during which Chief Executive Officer, Bryan Chance details the Company's recent strategic achievements, including the completion of the Appco acquisition, and initiatives for capitalizing on high-growth opportunities in the energy, communications, consumer products and Homeland Security sectors for the remainder of 2007 and beyond.
ADVERTISEMENT
"We've really set forth a very clear three-part strategic plan for expanding on our initial acquisition in the (energy) sector," said Mr. Chance. "First, we want to leverage the existing distribution network of Appalachian Oil to lead that market in the supply of biofuel products through strategic agreements and acquisitions that will enhance our wholesale profitability, as well as our retail distribution, and furthermore enhance our environmental responsibility in the markets that we serve."
"Second, we really seek to find opportunities through Titan Global to vertically integrate and increase our leverage and position in the energy product lifecycle," continued Mr. Chance. "And finally, we look to expand the markets we serve through acquisitions in organic growth in contiguous markets."
The recent formation of Titan Global Energy further validates the Titan's strategic vision for creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company. Titan Global Energy, capitalizing on earnings opportunities within the energy sector, has been formed to aggregate undervalued assets which can provide significant opportunities for revenue and earnings growth.
To read the entire transcript please visit http://www.trilogy-capital.com/tcp/titan/." target="_blank" rel="nofollow ugc noopener">http://www.trilogy-capital.com/tcp/titan/.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Board of Directors Authorize Exercise of Option to Acquire USA Detergents
Thursday September 27, 3:30 am ET
Titan Reaffirms Business Acceleration Initiatives to Drive Prospective Division's Revenues to Approximately $60 Million in Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that the Board of Directors have authorized the Company's counsel to provide written notice of its option to exercise the purchase of 80% of the outstanding stock of USA Detergents, Inc. ("USAD"), a value-driven acquisition that provides high quality branded consumer products that are categorized as "Branded Value." Titan management has also identified significant business development opportunities for revenue and earnings acceleration for USAD. Titan anticipates the closing will take place within the next five business days.
On August 9, 2007 Titan announced the execution of the referenced definitive option agreement. Pursuant to the terms of that agreement, Titan has managed USAD's operations over the last sixty day period. Upon the closing, Church & Dwight will own 7.5% and the remaining 12.5% will be owned by the existing senior management of the reorganized USAD.
On August 10, 2007 Titan appointed Frank Orlando as the Chief Restructuring Officer of USAD. During the option period Mr. Orlando has managed USAD's operations. Mr. Orlando and his team have identified significant business development opportunities.
"Through our work we concluded and reported to Titan's Board of Directors that USAD is a compelling acquisition with significant and immediate opportunities for revenue and earnings growth," said Mr. Orlando. "We will continue to work closely with USAD's management team and provide them with the strategic and financial resources to exploit USAD's opportunities in the immediate future."
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.
"As I have previously stated, we identified immediate synergies with Titan's existing distribution, products and services," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "As our existing business units reach 60,000 independently owned retailers and 5,000 convenient store locations, we have inherent opportunities to add USAD's products to our established channels. With USAD's experience and our extensive resources and capabilities, USAD will be a tremendous addition to Titan Global Brands."
USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000 square foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Titan Global Holdings Announces Board of Directors Authorize Exercise of Option to Acquire USA Detergents
Thursday September 27, 3:30 am ET
Titan Reaffirms Business Acceleration Initiatives to Drive Prospective Division's Revenues to Approximately $60 Million in Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that the Board of Directors have authorized the Company's counsel to provide written notice of its option to exercise the purchase of 80% of the outstanding stock of USA Detergents, Inc. ("USAD"), a value-driven acquisition that provides high quality branded consumer products that are categorized as "Branded Value." Titan management has also identified significant business development opportunities for revenue and earnings acceleration for USAD. Titan anticipates the closing will take place within the next five business days.
On August 9, 2007 Titan announced the execution of the referenced definitive option agreement. Pursuant to the terms of that agreement, Titan has managed USAD's operations over the last sixty day period. Upon the closing, Church & Dwight will own 7.5% and the remaining 12.5% will be owned by the existing senior management of the reorganized USAD.
On August 10, 2007 Titan appointed Frank Orlando as the Chief Restructuring Officer of USAD. During the option period Mr. Orlando has managed USAD's operations. Mr. Orlando and his team have identified significant business development opportunities.
"Through our work we concluded and reported to Titan's Board of Directors that USAD is a compelling acquisition with significant and immediate opportunities for revenue and earnings growth," said Mr. Orlando. "We will continue to work closely with USAD's management team and provide them with the strategic and financial resources to exploit USAD's opportunities in the immediate future."
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.
"As I have previously stated, we identified immediate synergies with Titan's existing distribution, products and services," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "As our existing business units reach 60,000 independently owned retailers and 5,000 convenient store locations, we have inherent opportunities to add USAD's products to our established channels. With USAD's experience and our extensive resources and capabilities, USAD will be a tremendous addition to Titan Global Brands."
USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000 square foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Antwort auf Beitrag Nr.: 31.758.660 von wayne99 am 27.09.07 09:49:45Moin @ll,
innerhalb 5 Arbeitstagen ist die Aquisition von USAD fix!
TTGL hat wieder einmal wort gehalten und das bedeutet weiteres vertrauen in das Management (nicht unbedingt selbstverständlich bei OTC-Werten)!
Die nächste entscheidende NEWS wird der Antrag für das Nasdaq-Listing sein......... wir werden die $4,- shortly sehen.....
Schau mer mal
innerhalb 5 Arbeitstagen ist die Aquisition von USAD fix!
TTGL hat wieder einmal wort gehalten und das bedeutet weiteres vertrauen in das Management (nicht unbedingt selbstverständlich bei OTC-Werten)!
Die nächste entscheidende NEWS wird der Antrag für das Nasdaq-Listing sein......... wir werden die $4,- shortly sehen.....
Schau mer mal
Für alle die den Conference Call nicht angehört haben:
Alles in allem sehr Interessante Infos über: Nasdaq, USA Detergens, Spin-Off PCB (Dividende?), Appco, Schadenersatzklage gegen AT&T (die Ami´s reden hier von $60.Mio aber keine Ahnung ob es stimmt).....
Schau mer mal
Final Transcript
TITAN GLOBAL HOLDINGS: Conference Title
Sept 20, 2007/ 11:00 a.m. EDT
PRESENTATION
Moderator Ladies and gentlemen, thank you for standing by and welcome to the Titan Global Holdings Conference call. At this time all phone lines are in a listen-only mode. After today’s prepared remarks will be an opportunity for your questions and instructions will be given to you at that time. I would now like to turn the conference over to your opening speaker for today, Michael Briola. Please go ahead, sir.
M. Briola Good morning, ladies and gentlemen. I’m Michael Briola, Executive Vice President of Trilogy Capital Partners and I’m pleased to welcome you to today’s Titan global Holdings Conference call. Before we get started, I’d like to a cautionary statement.
This conference may contain forward- looking statements made by the senior management of Titan Global Holdings that involve and uncertainties that could affect Titan Global Holdings’ ability to achieve anticipated financial results. Additionally, certain statements contained in this call that are not based on historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Titan Global Holdings intends that forward-looking statements in the call be subject to the Safe Harbor created. Thereby Titan Global Holdings actual results could differ materially from the results projected or implied by such forward-looking statements as a result of risk factors, including the risk factors set forth in Titan Global Holdings filings with the SEC.
With that I’d like to introduce, Mr. Bryan Chance, President and CEO of Titan Global Holdings. Bryan?
B. Chance Thank you, Michael and thank you, everyone for dialing in this morning to discuss some of the very, very exciting things happening at Titan. First I’d like to give you an overview of Titan then discuss the formation of Titan Global Energy Group and conclude with a detailed discussion of our purchase, Titan Global Energy Group’s purchase of Appalachian Oil Company and some of our future strategic endeavors in the energy space.
First Titan Global Holdings is a diversified company operating a vibrant and growing group of companies committed to value creation for our shareholders. The company owns operations in three dynamic market segments: communications, electronics, homeland security and energy. We also manage operations in consumer products. Our communications segment operates through our subsidiaries, Oblio Telecom, Titan Wireless Communications, Pinless and StartTalk, which comprise our communications division.
These companies provide prepaid international phone cards, prepaid wireless services and international network operations. Our communications division creates and distributes prepaid offerings that provide first and second generation Americans efficient means to complete international calls and maintain wireless services. These prepaid communications products are sold directly to wholesale distributors through a network spanning over 65,000 retail locations in all 50 United States and Puerto Rico. We sell over 35 million cards on an annual basis.
Our electronics and homeland security division operates two companies, Titan PCB East and Titan PCB West. Through these companies, we manufacture printed circuit boards for quick-turn prototype markets and the defense industry. Our printed circuit boards serve as the foundation in many electronics products used in telecommunications, medical devices, automotive, military applications, networking and computer equipment. Our time-sensitive high-quality manufacturing services enable our customers to shorten the time it takes to get their products from research and development phase to the market, thus increasing their competitive position.
Our consumer products, as I stated, we operate, manage a company currently in consumer products. In July we announced the execution of a definitive option agreement to purchase 80% of the outstanding stock of USA Detergents. USA Detergents is a manufacturer and distributor of quality essential home products, such as laundry care, household cleaners and personal care items. USA Detergents has accumulated exceptional value brand equity for its featured retail products. We will manage USA USAD operations during a 60-day option period and in turn from a parent-company perspective have bridged $1.5 million of debt financing for USAD. And during that option period, we have a right to purchase 80% of USA Detergents for a dollar.
Moving towards the topic of the conversation for the call today, the formation and initial acquisition of Titan Global Energy Group. In July 2007 we announced the formation of Titan Global Energy Group, which is a division engaged in the acquisition and management of complementary energy sector assets. As our other business units began to operate, generate cash flow and reduce the debt burden, we identified other sectors as opportunities for us to invest cash flow and create shareholder value. From our analysis, the energy sector was a natural fit.
The formation of Titan Energy Group validates our strategic vision for creating long-term shareholder value through the creation of a dynamic high-growth, diversified holding company. Titan Global Energy Group will capitalize on earnings opportunities within the sector, and it has been formed to aggregate assets, which can provide significant opportunities for revenue and earnings growth.
Our first acquisition with Titan Global Energy Group was Appalachian Oil Company. We closed that transaction on Monday. Appalachian Oil Company was formed in 1923 and is based in Blountville, Tennessee. It is a petroleum company that owns and operates an extensive petroleum product distribution network in Tennessee, Southwest Virginia, Kentucky and in the Carolinas. That network has generated over $400 million in revenue in fiscal 2006. Appco currently distributes petroleum products to more than 160 dealer accounts in the Southeastern United States and owns and operates 55 convenience store locations. Appco has over 550 employees and maintains longstanding partnerships with strategic terminal operators and major oil companies from a supply-side perspective.
With respect to Appco, let me provide insight with respect to the purchase price. We purchased Appco for $30 million in cash to the sellers in a stock purchase arrangement, as well as the assumption of about $6.5 million in debt. The proceeds for the transaction were derived from the following: Appco owned several locations for its 55 convenience store locations. We effected a sale-leaseback transaction, which generated $15 million in cash to accommodate the purchase price.
In addition we partnered again with Greystone Business Credit in New York for $20 million in asset-backed debt financing to accomplish the Appco transaction. And finally, we partnered with Yorkville Advisors for $5 million in a convertible debt equity instrument. That instrument is priced at $2.25, further validating our assertion that the stock is still somewhat undervalued, so we’re very excited about including Yorkville at favorable terms to the company.
Let me speak now about the management team at Appco. With the purchase of Appco as our foundation company in Titan Global Energy Group, we have a phenomenal footprint, a phenomenal revenue base and a tremendous distribution network. But the greatest asset in Appalachian Oil Company is a management team that is experienced, seasoned and will provide a foundation for our growth in the energy sector. Appco operates currently in a retail division, which operates its 55 convenience store locations, a wholesale division, which operates and grows its dealer account distribution and then the administrative services division, which handles the core operations and administration of the company.
Marty Anderson is the president of Appco’s retail division. Marty joined Appco as the Director of Marketing and was promoted to the President of the retail division in July 2006. Marty has over 25 years experience in the convenience store industry and retail fuel sales industry. Marty has served in leadership positions in convenience store chain operations in the Midwest and the Atlantic seaboard prior to joining Appco. He’s been with Appco for seven years and Marty is a tremendous talent to our team.
Our wholesale operations are led by John Thomas - Tommy, we call him. Tommy is the president of the sales and marketing division. This division generates volume through wholesale fuel supply contracts to over 160 dealer accounts. Tommy is a former petroleum distributor himself who has more than 30 years experience in wholesale fuel distribution. His extensive knowledge of the supply chain and the marketplace has really driven a great percentage of Appco’s growth in its wholesale operations.
Tommy and his team sell petroleum products to independent operators, third-party convenience store operators and wholesale accounts. Generally speaking, their sales contracts are fuel supply contracts in excess of 10, 15, 20 years for these wholesale accounts, so we’re signing long-term distribution contracts in a proven network.
Appco’s administrative division is led by two fine individuals, Ernestine Clark and Deborah Mass. Ernestine is the senior vice president of the administrative side and Deborah is the senior vice president of finance. They’ll continue to lead that division under Titan’s ownership. This division manages the accounting, human resources, information systems and other administrative functions of the company.
Ernestine has been in the industry for over 40 years, specifically with Appco. Her expertise includes finance, accounting, inventory control, all of our tax reporting and information systems. Ernestine actually led the implementation and development of the factor system in our stores, which is integral to the management of inventory, cash flow and products in our retail locations.
Deborah also has over 22 years experience in the petroleum distribution market with Appco. She also is very skilled in accounting, finance and human resources. She was promoted to senior vice president and comptroller position in 2005.
So with this skilled and experienced team, allow me a few minutes to discuss where we plan to move in our energy sector in Titan Global Energy. We’ve really set forth a very clear three-part strategic plan for expanding on our initial acquisition in the sector. First we want to leverage the existing distribution network of Appalachian Oil to lead that market in the supply of biofuel products through strategic agreements and acquisitions that will enhance our wholesale profitability, as well as our retail distribution, and furthermore enhance our environmental responsibility in the markets that we serve.
Second, we really seek to find opportunities through Titan Global to vertically integrate and increase our leverage and position in the energy product lifecycle. I’ll speak more to that in a minute. And finally, we look to expand the markets we serve through acquisitions in organic growth in contiguous markets.
Appco and its prior ownership, Jim MacLean, and prior leadership, Jeff Benedict, have done a tremendous job in establishing an efficient distribution network in rural markets and doing that vis-à-vis leveraged relationships with strategic partners. We look to do the same thing in other markets and then replicate Appco’s formulas for success.
Let me spend a few minutes on each of these strategic initiatives and then I’ll open the floor up for questions. The first initiative deals with enhancing the current operations with the increased addition of biofuels products. As I stated, Appco has a tremendous market footprint in the Appalachian region of the United States. We look to take that distribution and long-term fuel supply contracts and begin to leverage Titan’s expertise and contacts in the supply side of biofuels. And biofuels really can be segmented in two distinct areas.
Number one, the increase of ethanol mixed products in our markets, which we can accomplish with increased availability to ethanol suppliers and then second, with biodiesel products. Biodiesel products are somewhat unregulated at this point in the United States compared to other markets in Europe and even in South America. So the real key with biodiesel is for us to find stable supply sources for similar formulated biodiesel’s, so that we can penetrate our existing distribution network.
We’ll leverage our relationship with our strategic equity partners, the Crivello Group and Farwell Equity Partners in identifying sources for biodiesel products, as well as the ethanol products and we look forward to leveraging Appco’s existing distribution network to lead to the markets with the distribution of these products. This will, as I stated earlier, tremendously enhance profitability as well as increase our environmental responsibility.
Our second strategic initiative is a complete tribute to the prior ownership of Appco. Appco is not your standard fare convenience store operation chain. Appco and it’s really forward-thinking leadership team prior to our ownership identified the necessity of aligning themselves with strategic operators and strategic partners. And those strategic partners are terminal operators and the markets in which they serve, as well as forward-looking operations and purchases with refineries, so that Appco has placed itself in a position to where it has strategic operations with terminal operators and refineries to assure constant supply of branded and unbranded fuel, as well as the ability to buy upstream at the refinery side. And that model has proven extremely successful and extremely opportunistic for Appalachian Oil. We look to continue that and to further that in the existing markets, as well as other markets, which leads me to the third strategic initiative.
The third strategic initiative for Titan Global Energy is to identify other assets in which we can smartly acquire to replicate Appco’s formula for success in our immediate business model and then beyond that leverage our relationship again with our strategic equity partners to identify future acquisitions even moving towards the natural resource side of the energy sector. And what I specifically mean by that is that we’re looking and targeting acquisitions for other terminal operations in contiguous markets and other parts of the United States we can secure a distribution network … began to identify smartly valued and appropriately valued distribution assets surrounding those terminal assets to replicate the efficient fuel delivery and petroleum distribution network that Appco currently operates.
We have the management team in place to duplicate the model. With Tommy’s experience in the sales side as we identify assets in terminals that increase the supply side of petroleum, we have a strong and capable team that is able to take that product to market, sell it and continue to enhance shareholder value.
I know I’ve spoken quite a bit and covered a lot of ground, but in summary, the formation of Titan Global Energy in July transformed Titan Global Holdings. Titan Global Holdings prior to July operated a very vibrant, growing and cash-positive communications company alongside its legacy electronics and homeland security division. Via our relationship with our strategic equity partners, we identified a tremendous acquisition opportunity in the energy sector with our relationship with Greystone Business Credit and Yorkville Advisors, we were able to move quickly in that sector with financing and capitalize on our tremendous opportunity. And the result to our shareholders is, candidly, just unique opportunities for us to create shareholder value in just dynamic sectors, such as energy and communications.
So having said that, I’ll open up the floor to questions and I look forward to visiting with you about this exciting turn of events for Titan.
Moderator Thank you, Mr. Chance. And our first question today comes from the line of Kevin Oakes. Please go ahead.
K. Oakes Yes, we were wondering how likely it is that the USA option is going to be exercised in the next month or so.
B. Chance Thank you for the question, Kevin. We’ll continue to keep the market apprised of that situation. USA Detergents is a very compelling opportunity from Titan’s perspective. USA Detergents manages many value brands and the distribution point of those value brands is very similar in shape and fashion to our distribution points for our communications products. And so there are some natural synergies in the brands and the distribution channels. Thus we formed Titan Global Brands and through Titan Global Brands we’ll manage over 125 brands in similar channels. So we have a lot of opportunity for cross-pollination, cross marketing, etc.
USA Detergents, we’re working through several challenging financial structures inside that company and assuming that we can work through those positively, we would be excited about moving forward. But we have to address the financial issues in the company and assuming that we can address those in a satisfactory manner, I do look forward to updating our shareholders and potential shareholders with the developments at USA detergents.
It’s a strong company, strong management. We placed Frank Orlando as the chief restructuring officer in the company. Frank has done a tremendous job in the first 45 days at the wheel and we look forward to keeping the market abreast of our development there. Thank you, Kevin.
Moderator Our next question is from Patrick Murphy. Please go ahead.
P. Murphy Hello, Bryan. Congratulations on getting the acquisition done on favorable terms. I wanted to ask about Titan Energy’s acquisition strategy. Do you see that you’ll have an interest in expanding your retail presence or more of a focus on expanding your distribution network?
B. Chance Great question, Patrick. We look at doing it hand-in-hand, to be honest. Our strategy is not to be haphazard and just explore one facet, retail or supply side or distribution channel. Appco’s success has been a direct correlation of the fact that it’s had strategic relationships with terminal operators within a retail network in close proximity to those terminal operations and then also relationships with refineries and pipeline companies to complete the supply channel of petroleum.
So as we look forward strategically, we look at tremendous deal flow and tremendous assets sporadically spread through the United States. We’re not going to acquire just for the sake of acquiring and growing top line. We’re going to be very smart and efficient with our strategic equity partners in evaluating acquisitions that would replicate Appco’s success, i.e. look for expanded relationships with terminal operators in contiguous markets and as those are secured began to identify retail locations to expand distribution presence in those markets.
They go hand-in-hand. That increases the profitability and that increases the attractiveness of our energy group from the standpoint that we have the opportunity to be a leader in the provision of petroleum products and biofuels products in a distinct segment of our country.
As I stated, our strategic equity partners are also looking at transactions way upstream into the natural resource side. So we have a lot of activity in our energy group. This has a tremendous opportunity to provide a lot of return to our shareholders. Our success will be a formula of our management team executing with our current assets and the bandwidth of our team to expand with the newly identified assets.
We have a great team. We have tremendous equity partners that work with us with deal flow and we’ll certain continue to, what we consider, smartly add assets that add value to our shareholders. Thanks for the question, Patrick.
Moderator Thank you. And our next question is from Joseph Thomas. Please go ahead.
J. Thomas Hello. There’ve been a few press releases reaffirming that you guys still plan on listing on the NASDAQ. How is that plan going especially since there are special price requirements? There’s a $4 price requirement that has to be satisfied for at least a month. What is the plan … not a very, a plan that you don’t plan to follow through, or is it actually a solid plan to get it done in the very near future? Thank you.
B. Chance Thanks for the question, Joseph. Obviously we wouldn’t put that information in the public domain if we didn’t intend to follow through with it. We are, via our legal counsel, pursuing a NASDAQ listing just as we’ve outlined in the public market. One of the requirements is the requirement that you identify along with other list of requirements, which we do candidly meet. We can make application without the full list of requirements met under the auspices and the ideas that as the application is being reviewed, we do meet those other requirements.
But obviously it’s our thought and other’s thought as well that that price target that you identified for a NASDAQ listing is in the very near, speculatively speaking, it’s our opinion it’s in the very near future for Titan.
So it is a strategic objective, one of the primary objectives for the company to move to an exchange that is more appropriately indicative of the size of the value proposition of the company. The NASDAQ exchange is that exchange for Titan, at least based on our current assessment and we are going to begin the process of vigorously pursuing that exchange.
Now obviously we have several moving parts in the company. We’re completing hindsight audits on our acquisitions as well as our current, in the process of the issuance of our current 10-K for the fiscal year, which ended August 31. We did state we would make application in the given timeline and that’s what we intend to do.
So I do look forward to accomplishing that NASDAQ listing in this fiscal year. I can’t give you a specific date as to when I expect for our application to be accepted, but we’re going to do everything as a management team in our power and possibility to effect that move. We think it would be a tremendous move for our shareholders. Thank you for the question, Joseph.
Moderator Our next question is from the line of Leo Denslow. Please go ahead.
L. Denslow Yes. I start off with an apology and hats off to you for your accomplishments. I came a little late to the day to the party. I’m always a dollar short anyway. I have two quick questions, perhaps you’ve covered them and I apologize. AT&T and the spin-off.
B. Chance Okay, thank you, Leo.
L. Denslow No, thank you. You’re the one that’s working so hard.
B. Chance It’s a team effort here. We’ve got a tremendous team of individuals that are working very hard in all of our business units. Candidly, that’s the success - that will be our success in a diversified model as our business unit leadership and we have tremendous individuals that are dedicating a lot of time, talent and energy in leading our business units. So my hat’s off to them.
With respect to AT&T, I really have to limit my discourse to what we’ve filed in our public filings, our 10-Q and we’ll look at our 10-Q footnotes. As of 5/31/07, we are in arbitration with AT&T and we have outlined the amounts that are in arbitration. The matter has been turned to the FCC for review and we’re pending that review. So with respect to AT&T I really can’t speak much more based on the pending nature of the litigation, but please do peruse our public filings.
On the second question, with respect to the spinout, we have through our third and fourth fiscal quarters been diligently looking for merger partners for a spinout or acquisition partners to strengthen that company post-spinout. Our electronics and homeland security division is growing, but yet it still yet lacks the critical mass to operate as an independent public entity. We hired, in this past fiscal year, just phenomenal additional talent in that segment and really enhanced operations.
Now as we move forward in Fiscal ’08 we are still pursuing that plan with respect to a spinout, a merger or an acquisition. But just to be completely candid, we haven’t found the right candidate yet and the right opportunity for that business to be successful.
L. Denslow Terrific, thank you. Now is that Oberlon that is, in fact, due the refund here?
B. Chance It’s Oblio Telecom, which is our subsidiary that operates as a prepaid international --.
L. Denslow Could you spell that one for me, please?
B. Chance Oblio - O B L I O - Oblio Telecom.
L. Denslow How much stock to I have to buy to get you to change to O B L E O?
B. Chance I don’t know what you hold, but a little bit more.
L. Denslow Thank you so much.
B. Chance You bet, Leo. Thanks for your call.
Moderator Thank you. Our next question is from Dr. John Sassel. Please go ahead.
Dr. J. Sassel Hello, Bryan. First of all, congratulations on the acquisition and congratulations to management and everybody there. You’re doing a heck of a job. My question has to do with NuGen and their delivery of the final ethanol or additional ethanol to you. What’s the timeline on that and give us a little idea if you could, I know that there’s a real impact on the bottom line, once you actually have ethanol through the entire system on how that would really sort of fall to the bottom line?
B. Chance Thanks for your question, Dr. Sassel. It’s a pleasure hearing your voice. The NuGen relation, if you explore NuGen, NuGen has spent the last several years trying to identify and secure biofuels. They have some specific technology that is very pertinent to the distribution of biofuels. And our relationship with NuGen is to leverage those relationships that NuGen has with biofuel suppliers to enhance our operations at Appco. As a general frame of reference, our profitability is increased when we add ethanol, increase the ethanol mix usage in our markets, as well as with the biofuels.
We distribute on an annual basis, the Appalachian Oil Company, over 200 million gallons of liquid fuel products be that unleaded, leaded, diesel, ethanol, etc. So we have the opportunity with minimal increase in penetration of those products to have maximum impact in our profitability. And we’ll speak more to that in the near future with respect to what we look to produce in our energy group for fiscal ’08.
But suffice it to say the penetration of those products not only enhances our environmental responsibility, but tremendously impacts our profitability. And again, the prior ownership and management had done a tremendous job with local ethanol suppliers in east Tennessee, which we will continue to use. We just are going at Titan going to begin to deploy our relationships and our assets to increase the availability of those products through our proven distribution networks and it will have a marked impact on our financial statement. So thanks for the question, Dr. Sassel.
Dr. J. Sassel Any more on the timeline though as far as --?
B. Chance We’ll begin that process in the next 30 to 60 days. It’s not long-term planning here. We’re in the process right now of working with additional suppliers and working with existing suppliers. So this will be a short run. We’ll realize benefits in the sort-run, here. I would expect to be realizing benefits in our first quarter, which our first quarter ends November 30th.
Dr. J. Sassel Thank you, Bryan.
Moderator And Mr. Chance, at this time we have no additional questions in the queue. Please continue.
B. Chance Thank you all for taking time to listen and visit about Titan and the enormous growth opportunity. If history is a good indicator of the future, many of you will be listening to this on a recorded tape delay on the Internet at a later point in time. We look forward to future conference calls and welcome your participation in the event that you would have questions. We tried to, today, thoroughly update our shareholders with respect to the enormous growth that Titan has undertaken in the energy sector.
The energy sector leads our markets on a domestic basis from a size and a profitability perspective. Thanks to our strategic investors and equity partners - the Crivello Group and Farwell Equity Partners, we were able to very smartly acquire a tremendous energy asset in Appalachian Oil Company. We closed that transaction this week and we’re continuing to integrate that transaction.
I tried today to outline our clear and concise growth strategy in Titan Global Energy. That strategy includes first and foremost leveraging the expertise in our management team at Appco, second increasing the penetration of biofuels products, thus increasing the profitability and environmental responsibility, third beginning to solidify and explore strategic relationships with terminal operators, pipelines and refineries to continue to guarantee and increase the fuel supply for our customers that we currently serve. And then finally, to identify opportunities to replicate the Appco model in contiguous markets thus increasing our return to our shareholders and increasing our market share in this vibrant sector.
So hopefully you have a better idea of our plans in the energy sector. Stay tuned and we’ll have more to follow and more growth to come. Our employees, now at Titan we have over 900 or so employees and we’re all working on a daily basis to operate our businesses with integrity and to grow our shareholder value.
I appreciate the confidence you’ve placed in me and our team and I look forward to chatting with you in the very near-term future. Thank you.
Moderator Ladies and gentlemen, today’s conference call is being made available for replay starting today at 2:30 p.m. in the eastern time zone and running for one month until Saturday, October 20, 2007. You can access our service by dialing 1-800-475-6701 or internationally, 320-365-3844 and at the voice prompt enter today’s access code of 888-066. And that does conclude our conference call for today. Thank you for your participation. You may now disconnect.
Alles in allem sehr Interessante Infos über: Nasdaq, USA Detergens, Spin-Off PCB (Dividende?), Appco, Schadenersatzklage gegen AT&T (die Ami´s reden hier von $60.Mio aber keine Ahnung ob es stimmt).....
Schau mer mal
Final Transcript
TITAN GLOBAL HOLDINGS: Conference Title
Sept 20, 2007/ 11:00 a.m. EDT
PRESENTATION
Moderator Ladies and gentlemen, thank you for standing by and welcome to the Titan Global Holdings Conference call. At this time all phone lines are in a listen-only mode. After today’s prepared remarks will be an opportunity for your questions and instructions will be given to you at that time. I would now like to turn the conference over to your opening speaker for today, Michael Briola. Please go ahead, sir.
M. Briola Good morning, ladies and gentlemen. I’m Michael Briola, Executive Vice President of Trilogy Capital Partners and I’m pleased to welcome you to today’s Titan global Holdings Conference call. Before we get started, I’d like to a cautionary statement.
This conference may contain forward- looking statements made by the senior management of Titan Global Holdings that involve and uncertainties that could affect Titan Global Holdings’ ability to achieve anticipated financial results. Additionally, certain statements contained in this call that are not based on historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Titan Global Holdings intends that forward-looking statements in the call be subject to the Safe Harbor created. Thereby Titan Global Holdings actual results could differ materially from the results projected or implied by such forward-looking statements as a result of risk factors, including the risk factors set forth in Titan Global Holdings filings with the SEC.
With that I’d like to introduce, Mr. Bryan Chance, President and CEO of Titan Global Holdings. Bryan?
B. Chance Thank you, Michael and thank you, everyone for dialing in this morning to discuss some of the very, very exciting things happening at Titan. First I’d like to give you an overview of Titan then discuss the formation of Titan Global Energy Group and conclude with a detailed discussion of our purchase, Titan Global Energy Group’s purchase of Appalachian Oil Company and some of our future strategic endeavors in the energy space.
First Titan Global Holdings is a diversified company operating a vibrant and growing group of companies committed to value creation for our shareholders. The company owns operations in three dynamic market segments: communications, electronics, homeland security and energy. We also manage operations in consumer products. Our communications segment operates through our subsidiaries, Oblio Telecom, Titan Wireless Communications, Pinless and StartTalk, which comprise our communications division.
These companies provide prepaid international phone cards, prepaid wireless services and international network operations. Our communications division creates and distributes prepaid offerings that provide first and second generation Americans efficient means to complete international calls and maintain wireless services. These prepaid communications products are sold directly to wholesale distributors through a network spanning over 65,000 retail locations in all 50 United States and Puerto Rico. We sell over 35 million cards on an annual basis.
Our electronics and homeland security division operates two companies, Titan PCB East and Titan PCB West. Through these companies, we manufacture printed circuit boards for quick-turn prototype markets and the defense industry. Our printed circuit boards serve as the foundation in many electronics products used in telecommunications, medical devices, automotive, military applications, networking and computer equipment. Our time-sensitive high-quality manufacturing services enable our customers to shorten the time it takes to get their products from research and development phase to the market, thus increasing their competitive position.
Our consumer products, as I stated, we operate, manage a company currently in consumer products. In July we announced the execution of a definitive option agreement to purchase 80% of the outstanding stock of USA Detergents. USA Detergents is a manufacturer and distributor of quality essential home products, such as laundry care, household cleaners and personal care items. USA Detergents has accumulated exceptional value brand equity for its featured retail products. We will manage USA USAD operations during a 60-day option period and in turn from a parent-company perspective have bridged $1.5 million of debt financing for USAD. And during that option period, we have a right to purchase 80% of USA Detergents for a dollar.
Moving towards the topic of the conversation for the call today, the formation and initial acquisition of Titan Global Energy Group. In July 2007 we announced the formation of Titan Global Energy Group, which is a division engaged in the acquisition and management of complementary energy sector assets. As our other business units began to operate, generate cash flow and reduce the debt burden, we identified other sectors as opportunities for us to invest cash flow and create shareholder value. From our analysis, the energy sector was a natural fit.
The formation of Titan Energy Group validates our strategic vision for creating long-term shareholder value through the creation of a dynamic high-growth, diversified holding company. Titan Global Energy Group will capitalize on earnings opportunities within the sector, and it has been formed to aggregate assets, which can provide significant opportunities for revenue and earnings growth.
Our first acquisition with Titan Global Energy Group was Appalachian Oil Company. We closed that transaction on Monday. Appalachian Oil Company was formed in 1923 and is based in Blountville, Tennessee. It is a petroleum company that owns and operates an extensive petroleum product distribution network in Tennessee, Southwest Virginia, Kentucky and in the Carolinas. That network has generated over $400 million in revenue in fiscal 2006. Appco currently distributes petroleum products to more than 160 dealer accounts in the Southeastern United States and owns and operates 55 convenience store locations. Appco has over 550 employees and maintains longstanding partnerships with strategic terminal operators and major oil companies from a supply-side perspective.
With respect to Appco, let me provide insight with respect to the purchase price. We purchased Appco for $30 million in cash to the sellers in a stock purchase arrangement, as well as the assumption of about $6.5 million in debt. The proceeds for the transaction were derived from the following: Appco owned several locations for its 55 convenience store locations. We effected a sale-leaseback transaction, which generated $15 million in cash to accommodate the purchase price.
In addition we partnered again with Greystone Business Credit in New York for $20 million in asset-backed debt financing to accomplish the Appco transaction. And finally, we partnered with Yorkville Advisors for $5 million in a convertible debt equity instrument. That instrument is priced at $2.25, further validating our assertion that the stock is still somewhat undervalued, so we’re very excited about including Yorkville at favorable terms to the company.
Let me speak now about the management team at Appco. With the purchase of Appco as our foundation company in Titan Global Energy Group, we have a phenomenal footprint, a phenomenal revenue base and a tremendous distribution network. But the greatest asset in Appalachian Oil Company is a management team that is experienced, seasoned and will provide a foundation for our growth in the energy sector. Appco operates currently in a retail division, which operates its 55 convenience store locations, a wholesale division, which operates and grows its dealer account distribution and then the administrative services division, which handles the core operations and administration of the company.
Marty Anderson is the president of Appco’s retail division. Marty joined Appco as the Director of Marketing and was promoted to the President of the retail division in July 2006. Marty has over 25 years experience in the convenience store industry and retail fuel sales industry. Marty has served in leadership positions in convenience store chain operations in the Midwest and the Atlantic seaboard prior to joining Appco. He’s been with Appco for seven years and Marty is a tremendous talent to our team.
Our wholesale operations are led by John Thomas - Tommy, we call him. Tommy is the president of the sales and marketing division. This division generates volume through wholesale fuel supply contracts to over 160 dealer accounts. Tommy is a former petroleum distributor himself who has more than 30 years experience in wholesale fuel distribution. His extensive knowledge of the supply chain and the marketplace has really driven a great percentage of Appco’s growth in its wholesale operations.
Tommy and his team sell petroleum products to independent operators, third-party convenience store operators and wholesale accounts. Generally speaking, their sales contracts are fuel supply contracts in excess of 10, 15, 20 years for these wholesale accounts, so we’re signing long-term distribution contracts in a proven network.
Appco’s administrative division is led by two fine individuals, Ernestine Clark and Deborah Mass. Ernestine is the senior vice president of the administrative side and Deborah is the senior vice president of finance. They’ll continue to lead that division under Titan’s ownership. This division manages the accounting, human resources, information systems and other administrative functions of the company.
Ernestine has been in the industry for over 40 years, specifically with Appco. Her expertise includes finance, accounting, inventory control, all of our tax reporting and information systems. Ernestine actually led the implementation and development of the factor system in our stores, which is integral to the management of inventory, cash flow and products in our retail locations.
Deborah also has over 22 years experience in the petroleum distribution market with Appco. She also is very skilled in accounting, finance and human resources. She was promoted to senior vice president and comptroller position in 2005.
So with this skilled and experienced team, allow me a few minutes to discuss where we plan to move in our energy sector in Titan Global Energy. We’ve really set forth a very clear three-part strategic plan for expanding on our initial acquisition in the sector. First we want to leverage the existing distribution network of Appalachian Oil to lead that market in the supply of biofuel products through strategic agreements and acquisitions that will enhance our wholesale profitability, as well as our retail distribution, and furthermore enhance our environmental responsibility in the markets that we serve.
Second, we really seek to find opportunities through Titan Global to vertically integrate and increase our leverage and position in the energy product lifecycle. I’ll speak more to that in a minute. And finally, we look to expand the markets we serve through acquisitions in organic growth in contiguous markets.
Appco and its prior ownership, Jim MacLean, and prior leadership, Jeff Benedict, have done a tremendous job in establishing an efficient distribution network in rural markets and doing that vis-à-vis leveraged relationships with strategic partners. We look to do the same thing in other markets and then replicate Appco’s formulas for success.
Let me spend a few minutes on each of these strategic initiatives and then I’ll open the floor up for questions. The first initiative deals with enhancing the current operations with the increased addition of biofuels products. As I stated, Appco has a tremendous market footprint in the Appalachian region of the United States. We look to take that distribution and long-term fuel supply contracts and begin to leverage Titan’s expertise and contacts in the supply side of biofuels. And biofuels really can be segmented in two distinct areas.
Number one, the increase of ethanol mixed products in our markets, which we can accomplish with increased availability to ethanol suppliers and then second, with biodiesel products. Biodiesel products are somewhat unregulated at this point in the United States compared to other markets in Europe and even in South America. So the real key with biodiesel is for us to find stable supply sources for similar formulated biodiesel’s, so that we can penetrate our existing distribution network.
We’ll leverage our relationship with our strategic equity partners, the Crivello Group and Farwell Equity Partners in identifying sources for biodiesel products, as well as the ethanol products and we look forward to leveraging Appco’s existing distribution network to lead to the markets with the distribution of these products. This will, as I stated earlier, tremendously enhance profitability as well as increase our environmental responsibility.
Our second strategic initiative is a complete tribute to the prior ownership of Appco. Appco is not your standard fare convenience store operation chain. Appco and it’s really forward-thinking leadership team prior to our ownership identified the necessity of aligning themselves with strategic operators and strategic partners. And those strategic partners are terminal operators and the markets in which they serve, as well as forward-looking operations and purchases with refineries, so that Appco has placed itself in a position to where it has strategic operations with terminal operators and refineries to assure constant supply of branded and unbranded fuel, as well as the ability to buy upstream at the refinery side. And that model has proven extremely successful and extremely opportunistic for Appalachian Oil. We look to continue that and to further that in the existing markets, as well as other markets, which leads me to the third strategic initiative.
The third strategic initiative for Titan Global Energy is to identify other assets in which we can smartly acquire to replicate Appco’s formula for success in our immediate business model and then beyond that leverage our relationship again with our strategic equity partners to identify future acquisitions even moving towards the natural resource side of the energy sector. And what I specifically mean by that is that we’re looking and targeting acquisitions for other terminal operations in contiguous markets and other parts of the United States we can secure a distribution network … began to identify smartly valued and appropriately valued distribution assets surrounding those terminal assets to replicate the efficient fuel delivery and petroleum distribution network that Appco currently operates.
We have the management team in place to duplicate the model. With Tommy’s experience in the sales side as we identify assets in terminals that increase the supply side of petroleum, we have a strong and capable team that is able to take that product to market, sell it and continue to enhance shareholder value.
I know I’ve spoken quite a bit and covered a lot of ground, but in summary, the formation of Titan Global Energy in July transformed Titan Global Holdings. Titan Global Holdings prior to July operated a very vibrant, growing and cash-positive communications company alongside its legacy electronics and homeland security division. Via our relationship with our strategic equity partners, we identified a tremendous acquisition opportunity in the energy sector with our relationship with Greystone Business Credit and Yorkville Advisors, we were able to move quickly in that sector with financing and capitalize on our tremendous opportunity. And the result to our shareholders is, candidly, just unique opportunities for us to create shareholder value in just dynamic sectors, such as energy and communications.
So having said that, I’ll open up the floor to questions and I look forward to visiting with you about this exciting turn of events for Titan.
Moderator Thank you, Mr. Chance. And our first question today comes from the line of Kevin Oakes. Please go ahead.
K. Oakes Yes, we were wondering how likely it is that the USA option is going to be exercised in the next month or so.
B. Chance Thank you for the question, Kevin. We’ll continue to keep the market apprised of that situation. USA Detergents is a very compelling opportunity from Titan’s perspective. USA Detergents manages many value brands and the distribution point of those value brands is very similar in shape and fashion to our distribution points for our communications products. And so there are some natural synergies in the brands and the distribution channels. Thus we formed Titan Global Brands and through Titan Global Brands we’ll manage over 125 brands in similar channels. So we have a lot of opportunity for cross-pollination, cross marketing, etc.
USA Detergents, we’re working through several challenging financial structures inside that company and assuming that we can work through those positively, we would be excited about moving forward. But we have to address the financial issues in the company and assuming that we can address those in a satisfactory manner, I do look forward to updating our shareholders and potential shareholders with the developments at USA detergents.
It’s a strong company, strong management. We placed Frank Orlando as the chief restructuring officer in the company. Frank has done a tremendous job in the first 45 days at the wheel and we look forward to keeping the market abreast of our development there. Thank you, Kevin.
Moderator Our next question is from Patrick Murphy. Please go ahead.
P. Murphy Hello, Bryan. Congratulations on getting the acquisition done on favorable terms. I wanted to ask about Titan Energy’s acquisition strategy. Do you see that you’ll have an interest in expanding your retail presence or more of a focus on expanding your distribution network?
B. Chance Great question, Patrick. We look at doing it hand-in-hand, to be honest. Our strategy is not to be haphazard and just explore one facet, retail or supply side or distribution channel. Appco’s success has been a direct correlation of the fact that it’s had strategic relationships with terminal operators within a retail network in close proximity to those terminal operations and then also relationships with refineries and pipeline companies to complete the supply channel of petroleum.
So as we look forward strategically, we look at tremendous deal flow and tremendous assets sporadically spread through the United States. We’re not going to acquire just for the sake of acquiring and growing top line. We’re going to be very smart and efficient with our strategic equity partners in evaluating acquisitions that would replicate Appco’s success, i.e. look for expanded relationships with terminal operators in contiguous markets and as those are secured began to identify retail locations to expand distribution presence in those markets.
They go hand-in-hand. That increases the profitability and that increases the attractiveness of our energy group from the standpoint that we have the opportunity to be a leader in the provision of petroleum products and biofuels products in a distinct segment of our country.
As I stated, our strategic equity partners are also looking at transactions way upstream into the natural resource side. So we have a lot of activity in our energy group. This has a tremendous opportunity to provide a lot of return to our shareholders. Our success will be a formula of our management team executing with our current assets and the bandwidth of our team to expand with the newly identified assets.
We have a great team. We have tremendous equity partners that work with us with deal flow and we’ll certain continue to, what we consider, smartly add assets that add value to our shareholders. Thanks for the question, Patrick.
Moderator Thank you. And our next question is from Joseph Thomas. Please go ahead.
J. Thomas Hello. There’ve been a few press releases reaffirming that you guys still plan on listing on the NASDAQ. How is that plan going especially since there are special price requirements? There’s a $4 price requirement that has to be satisfied for at least a month. What is the plan … not a very, a plan that you don’t plan to follow through, or is it actually a solid plan to get it done in the very near future? Thank you.
B. Chance Thanks for the question, Joseph. Obviously we wouldn’t put that information in the public domain if we didn’t intend to follow through with it. We are, via our legal counsel, pursuing a NASDAQ listing just as we’ve outlined in the public market. One of the requirements is the requirement that you identify along with other list of requirements, which we do candidly meet. We can make application without the full list of requirements met under the auspices and the ideas that as the application is being reviewed, we do meet those other requirements.
But obviously it’s our thought and other’s thought as well that that price target that you identified for a NASDAQ listing is in the very near, speculatively speaking, it’s our opinion it’s in the very near future for Titan.
So it is a strategic objective, one of the primary objectives for the company to move to an exchange that is more appropriately indicative of the size of the value proposition of the company. The NASDAQ exchange is that exchange for Titan, at least based on our current assessment and we are going to begin the process of vigorously pursuing that exchange.
Now obviously we have several moving parts in the company. We’re completing hindsight audits on our acquisitions as well as our current, in the process of the issuance of our current 10-K for the fiscal year, which ended August 31. We did state we would make application in the given timeline and that’s what we intend to do.
So I do look forward to accomplishing that NASDAQ listing in this fiscal year. I can’t give you a specific date as to when I expect for our application to be accepted, but we’re going to do everything as a management team in our power and possibility to effect that move. We think it would be a tremendous move for our shareholders. Thank you for the question, Joseph.
Moderator Our next question is from the line of Leo Denslow. Please go ahead.
L. Denslow Yes. I start off with an apology and hats off to you for your accomplishments. I came a little late to the day to the party. I’m always a dollar short anyway. I have two quick questions, perhaps you’ve covered them and I apologize. AT&T and the spin-off.
B. Chance Okay, thank you, Leo.
L. Denslow No, thank you. You’re the one that’s working so hard.
B. Chance It’s a team effort here. We’ve got a tremendous team of individuals that are working very hard in all of our business units. Candidly, that’s the success - that will be our success in a diversified model as our business unit leadership and we have tremendous individuals that are dedicating a lot of time, talent and energy in leading our business units. So my hat’s off to them.
With respect to AT&T, I really have to limit my discourse to what we’ve filed in our public filings, our 10-Q and we’ll look at our 10-Q footnotes. As of 5/31/07, we are in arbitration with AT&T and we have outlined the amounts that are in arbitration. The matter has been turned to the FCC for review and we’re pending that review. So with respect to AT&T I really can’t speak much more based on the pending nature of the litigation, but please do peruse our public filings.
On the second question, with respect to the spinout, we have through our third and fourth fiscal quarters been diligently looking for merger partners for a spinout or acquisition partners to strengthen that company post-spinout. Our electronics and homeland security division is growing, but yet it still yet lacks the critical mass to operate as an independent public entity. We hired, in this past fiscal year, just phenomenal additional talent in that segment and really enhanced operations.
Now as we move forward in Fiscal ’08 we are still pursuing that plan with respect to a spinout, a merger or an acquisition. But just to be completely candid, we haven’t found the right candidate yet and the right opportunity for that business to be successful.
L. Denslow Terrific, thank you. Now is that Oberlon that is, in fact, due the refund here?
B. Chance It’s Oblio Telecom, which is our subsidiary that operates as a prepaid international --.
L. Denslow Could you spell that one for me, please?
B. Chance Oblio - O B L I O - Oblio Telecom.
L. Denslow How much stock to I have to buy to get you to change to O B L E O?
B. Chance I don’t know what you hold, but a little bit more.
L. Denslow Thank you so much.
B. Chance You bet, Leo. Thanks for your call.
Moderator Thank you. Our next question is from Dr. John Sassel. Please go ahead.
Dr. J. Sassel Hello, Bryan. First of all, congratulations on the acquisition and congratulations to management and everybody there. You’re doing a heck of a job. My question has to do with NuGen and their delivery of the final ethanol or additional ethanol to you. What’s the timeline on that and give us a little idea if you could, I know that there’s a real impact on the bottom line, once you actually have ethanol through the entire system on how that would really sort of fall to the bottom line?
B. Chance Thanks for your question, Dr. Sassel. It’s a pleasure hearing your voice. The NuGen relation, if you explore NuGen, NuGen has spent the last several years trying to identify and secure biofuels. They have some specific technology that is very pertinent to the distribution of biofuels. And our relationship with NuGen is to leverage those relationships that NuGen has with biofuel suppliers to enhance our operations at Appco. As a general frame of reference, our profitability is increased when we add ethanol, increase the ethanol mix usage in our markets, as well as with the biofuels.
We distribute on an annual basis, the Appalachian Oil Company, over 200 million gallons of liquid fuel products be that unleaded, leaded, diesel, ethanol, etc. So we have the opportunity with minimal increase in penetration of those products to have maximum impact in our profitability. And we’ll speak more to that in the near future with respect to what we look to produce in our energy group for fiscal ’08.
But suffice it to say the penetration of those products not only enhances our environmental responsibility, but tremendously impacts our profitability. And again, the prior ownership and management had done a tremendous job with local ethanol suppliers in east Tennessee, which we will continue to use. We just are going at Titan going to begin to deploy our relationships and our assets to increase the availability of those products through our proven distribution networks and it will have a marked impact on our financial statement. So thanks for the question, Dr. Sassel.
Dr. J. Sassel Any more on the timeline though as far as --?
B. Chance We’ll begin that process in the next 30 to 60 days. It’s not long-term planning here. We’re in the process right now of working with additional suppliers and working with existing suppliers. So this will be a short run. We’ll realize benefits in the sort-run, here. I would expect to be realizing benefits in our first quarter, which our first quarter ends November 30th.
Dr. J. Sassel Thank you, Bryan.
Moderator And Mr. Chance, at this time we have no additional questions in the queue. Please continue.
B. Chance Thank you all for taking time to listen and visit about Titan and the enormous growth opportunity. If history is a good indicator of the future, many of you will be listening to this on a recorded tape delay on the Internet at a later point in time. We look forward to future conference calls and welcome your participation in the event that you would have questions. We tried to, today, thoroughly update our shareholders with respect to the enormous growth that Titan has undertaken in the energy sector.
The energy sector leads our markets on a domestic basis from a size and a profitability perspective. Thanks to our strategic investors and equity partners - the Crivello Group and Farwell Equity Partners, we were able to very smartly acquire a tremendous energy asset in Appalachian Oil Company. We closed that transaction this week and we’re continuing to integrate that transaction.
I tried today to outline our clear and concise growth strategy in Titan Global Energy. That strategy includes first and foremost leveraging the expertise in our management team at Appco, second increasing the penetration of biofuels products, thus increasing the profitability and environmental responsibility, third beginning to solidify and explore strategic relationships with terminal operators, pipelines and refineries to continue to guarantee and increase the fuel supply for our customers that we currently serve. And then finally, to identify opportunities to replicate the Appco model in contiguous markets thus increasing our return to our shareholders and increasing our market share in this vibrant sector.
So hopefully you have a better idea of our plans in the energy sector. Stay tuned and we’ll have more to follow and more growth to come. Our employees, now at Titan we have over 900 or so employees and we’re all working on a daily basis to operate our businesses with integrity and to grow our shareholder value.
I appreciate the confidence you’ve placed in me and our team and I look forward to chatting with you in the very near-term future. Thank you.
Moderator Ladies and gentlemen, today’s conference call is being made available for replay starting today at 2:30 p.m. in the eastern time zone and running for one month until Saturday, October 20, 2007. You can access our service by dialing 1-800-475-6701 or internationally, 320-365-3844 and at the voice prompt enter today’s access code of 888-066. And that does conclude our conference call for today. Thank you for your participation. You may now disconnect.
Antwort auf Beitrag Nr.: 31.761.308 von new_investor am 27.09.07 12:51:46Hallo,
Trotz meiner positiven Einstellung zu dem Titel ist es für mich immer noch erstaunlich, wie man für ein 400 mUSD sales asset nur 30 mUSD bezahlt. Und die Finanzierung ist größtenteils debt financing und nicht über eine Ausgabe von Titan-Aktien an Altaktionäre. Wo stecken hier die Risiken, wie sieht es mit der Profitabilität ? Im gesamten Interview habe ich nicht ein Wort zu diesem Thema gehört/gelesen (und wurde wohl offensichtlich auch nicht gefragt).
Vielleicht kann mir einer von Euch eine erhellende Antwort
dazu geben.
Danke und Gruß
Torte
Trotz meiner positiven Einstellung zu dem Titel ist es für mich immer noch erstaunlich, wie man für ein 400 mUSD sales asset nur 30 mUSD bezahlt. Und die Finanzierung ist größtenteils debt financing und nicht über eine Ausgabe von Titan-Aktien an Altaktionäre. Wo stecken hier die Risiken, wie sieht es mit der Profitabilität ? Im gesamten Interview habe ich nicht ein Wort zu diesem Thema gehört/gelesen (und wurde wohl offensichtlich auch nicht gefragt).
Vielleicht kann mir einer von Euch eine erhellende Antwort
dazu geben.
Danke und Gruß
Torte
Antwort auf Beitrag Nr.: 31.762.136 von Torte11 am 27.09.07 13:53:39Zur Finanzierung wurden schon einige Aktienoptionen verwendet (siehe Filing), aber auch ein geschickter Deal mit einem Sale-Leaseback im Wert von 15 Mio.$ - zudem wurde bei der Übernahme sicher nicht der Umsatz bezahlt, sondern eher die Gewinnmarge von APPCO herangezogen zur Wertermittlung, der dürfte dann in etwa bei 10Mio.$/Jahr liegen (man zahlt ca. den 3-fachen Jahresgewinn als Übernahmepreis, aber das ist nur grob geschätzt von mir)
Antwort auf Beitrag Nr.: 31.762.136 von Torte11 am 27.09.07 13:53:39Ich habe die IR auch schon drei Mal angeschrieben wegen des Termins, an dem sie die EBITDA-Schaetzung fuer 2008 abgeben wollen. Bisher leider keine Antwort. Erst wenn diese Schaetzung kommt, kann man sich ein Bild von der Akquisition machen.
Andererseits nicht vergessen, dass Titan auch mit dem "Altgeschaeft" im Telekombereich zu dem heutigen Kurs eher noch unterbewertet ist.
Interessant wird auch das Thema der remittances, die z.B. mexikanische Einwanderer in den USA an ihre Familien in Mexiko ueberweisen. Bin wirklich sehr gespannt, wie und mit wem als Partner Titan in diesen Geschaeftsbereich einsteigen wollen. Hier machen Firmen wie Moneygram, usw. astronomische Gewinnspannen! Und Titan ueber ihre Prepaidkarten, die insbesondere an Einwanderer verkauft werden, haben schon direkten Zugang zu diesem Markt.
Ich denke, wir werden hier noch sehr viel Freude haben. Zur Zeit sind noch viele Details unklar, aber wenn klar, mit welchen Margen sie bei Appco und remittances rechnen, dann kann das auch ganz schnell weiter Richtung 4 USD gehen.
HH
Andererseits nicht vergessen, dass Titan auch mit dem "Altgeschaeft" im Telekombereich zu dem heutigen Kurs eher noch unterbewertet ist.
Interessant wird auch das Thema der remittances, die z.B. mexikanische Einwanderer in den USA an ihre Familien in Mexiko ueberweisen. Bin wirklich sehr gespannt, wie und mit wem als Partner Titan in diesen Geschaeftsbereich einsteigen wollen. Hier machen Firmen wie Moneygram, usw. astronomische Gewinnspannen! Und Titan ueber ihre Prepaidkarten, die insbesondere an Einwanderer verkauft werden, haben schon direkten Zugang zu diesem Markt.
Ich denke, wir werden hier noch sehr viel Freude haben. Zur Zeit sind noch viele Details unklar, aber wenn klar, mit welchen Margen sie bei Appco und remittances rechnen, dann kann das auch ganz schnell weiter Richtung 4 USD gehen.
HH
Antwort auf Beitrag Nr.: 31.762.313 von wayne99 am 27.09.07 14:05:42Wayne,
Danke für die Antwort. Das sale and lease back ändert natürlich nichts am Kaufpreis von 30 mUSD, es werden halt 15 mUSD durch die verkauften Immobilien gegenfinanziert. Der Rest verteilt sich auf debt financing und einen kleinen Teil equity financing. Das sieht also nicht danach aus, als ob die Altaktionäre mit allem Optimismus an die Zukunft dieses Geschäfts geglaubt hätten. Ich würde Dir das EBIT-/Net income - Multiple von 3 gerne glauben, aber statements dazu habe ich noch nicht gefunden. Und Unternehmenswerte kann man nach verschiedenen Methoden errechnen, das muß nicht immer eine Multiple sein, meist sind NPV-Betrachtungen die Grundlage. Die Frage, die sich mir deshalb stellt, ist, ob AOC überhaupt profitabel arbeitet ?
Ich habe dazu nirgendwo ein statement gesehen. Laßt mich wissen, wo ich irgendwas dazu finden kann.
Danke und Gruß
Torte
Danke für die Antwort. Das sale and lease back ändert natürlich nichts am Kaufpreis von 30 mUSD, es werden halt 15 mUSD durch die verkauften Immobilien gegenfinanziert. Der Rest verteilt sich auf debt financing und einen kleinen Teil equity financing. Das sieht also nicht danach aus, als ob die Altaktionäre mit allem Optimismus an die Zukunft dieses Geschäfts geglaubt hätten. Ich würde Dir das EBIT-/Net income - Multiple von 3 gerne glauben, aber statements dazu habe ich noch nicht gefunden. Und Unternehmenswerte kann man nach verschiedenen Methoden errechnen, das muß nicht immer eine Multiple sein, meist sind NPV-Betrachtungen die Grundlage. Die Frage, die sich mir deshalb stellt, ist, ob AOC überhaupt profitabel arbeitet ?
Ich habe dazu nirgendwo ein statement gesehen. Laßt mich wissen, wo ich irgendwas dazu finden kann.
Danke und Gruß
Torte
Antwort auf Beitrag Nr.: 31.763.458 von HHtrader am 27.09.07 15:25:09Ach ja, der Streitwert, ueber den immer noch mit AT&T verhandelt wird, liegt bei ca. 20 MUSD.
HH
HH
Antwort auf Beitrag Nr.: 31.763.671 von HHtrader am 27.09.07 15:36:06News out.... Das ist es, was ich mit commitment bezüglich dem Geschäft meine: Das bestehende Senior-Management wird 12,5 % der Anteile an USA halten. Das ist ein eindeutig positives Signal!!!
Titan Global Holdings Announces Board of Directors Authorize Exercise of Option to Acquire USA Detergents
Thursday September 27, 3:30 am ET
Titan Reaffirms Business Acceleration Initiatives to Drive Prospective Division's Revenues to Approximately $60 Million in Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that the Board of Directors have authorized the Company's counsel to provide written notice of its option to exercise the purchase of 80% of the outstanding stock of USA Detergents, Inc. ("USAD"), a value-driven acquisition that provides high quality branded consumer products that are categorized as "Branded Value." Titan management has also identified significant business development opportunities for revenue and earnings acceleration for USAD. Titan anticipates the closing will take place within the next five business days.
ADVERTISEMENT
On August 9, 2007 Titan announced the execution of the referenced definitive option agreement. Pursuant to the terms of that agreement, Titan has managed USAD's operations over the last sixty day period. Upon the closing, Church & Dwight will own 7.5% and the remaining 12.5% will be owned by the existing senior management of the reorganized USAD.
On August 10, 2007 Titan appointed Frank Orlando as the Chief Restructuring Officer of USAD. During the option period Mr. Orlando has managed USAD's operations. Mr. Orlando and his team have identified significant business development opportunities.
"Through our work we concluded and reported to Titan's Board of Directors that USAD is a compelling acquisition with significant and immediate opportunities for revenue and earnings growth," said Mr. Orlando. "We will continue to work closely with USAD's management team and provide them with the strategic and financial resources to exploit USAD's opportunities in the immediate future."
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.
"As I have previously stated, we identified immediate synergies with Titan's existing distribution, products and services," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "As our existing business units reach 60,000 independently owned retailers and 5,000 convenient store locations, we have inherent opportunities to add USAD's products to our established channels. With USAD's experience and our extensive resources and capabilities, USAD will be a tremendous addition to Titan Global Brands."
USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000 square foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Titan Global Holdings Announces Board of Directors Authorize Exercise of Option to Acquire USA Detergents
Thursday September 27, 3:30 am ET
Titan Reaffirms Business Acceleration Initiatives to Drive Prospective Division's Revenues to Approximately $60 Million in Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that the Board of Directors have authorized the Company's counsel to provide written notice of its option to exercise the purchase of 80% of the outstanding stock of USA Detergents, Inc. ("USAD"), a value-driven acquisition that provides high quality branded consumer products that are categorized as "Branded Value." Titan management has also identified significant business development opportunities for revenue and earnings acceleration for USAD. Titan anticipates the closing will take place within the next five business days.
ADVERTISEMENT
On August 9, 2007 Titan announced the execution of the referenced definitive option agreement. Pursuant to the terms of that agreement, Titan has managed USAD's operations over the last sixty day period. Upon the closing, Church & Dwight will own 7.5% and the remaining 12.5% will be owned by the existing senior management of the reorganized USAD.
On August 10, 2007 Titan appointed Frank Orlando as the Chief Restructuring Officer of USAD. During the option period Mr. Orlando has managed USAD's operations. Mr. Orlando and his team have identified significant business development opportunities.
"Through our work we concluded and reported to Titan's Board of Directors that USAD is a compelling acquisition with significant and immediate opportunities for revenue and earnings growth," said Mr. Orlando. "We will continue to work closely with USAD's management team and provide them with the strategic and financial resources to exploit USAD's opportunities in the immediate future."
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.
"As I have previously stated, we identified immediate synergies with Titan's existing distribution, products and services," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "As our existing business units reach 60,000 independently owned retailers and 5,000 convenient store locations, we have inherent opportunities to add USAD's products to our established channels. With USAD's experience and our extensive resources and capabilities, USAD will be a tremendous addition to Titan Global Brands."
USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000 square foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
Titan Global Brands
Titan recently announced the formation of Titan Global Brands 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.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
So, nochmal zum Thema earnings guidance. Da ich von der IR keine Antwort bekommen habe, habe ich mal beim OTC-Journal nachgefragt. Die haben ja Kontakt zum Management.
Seine Antwort:
I believe it will be soon.
Na ja, haette ruhig ein bisschen genauer sein koennen. Denke aber, dass wir spaetestens im Oktober hierzu etwas hoeren.
HH
Seine Antwort:
I believe it will be soon.
Na ja, haette ruhig ein bisschen genauer sein koennen. Denke aber, dass wir spaetestens im Oktober hierzu etwas hoeren.
HH
Antwort auf Beitrag Nr.: 31.765.975 von HHtrader am 27.09.07 17:40:28HH trader,
danke für den Versuch, eine Info zu bekommen. Das ist z.Z. das, was mir bei dem Wert noch etwas aufstößt. Keine earnings guidance. Umsatz alleine ist kein Wert an sich. Deswegen interessieren mich auch nicht die 700-800 mUSD, die sie machen wollen, wenn nur 10-20 mUSD earnings bei rauskommen. Vielleicht bin ich auch nur zu 'pingelig'.
Gruß
Torte
danke für den Versuch, eine Info zu bekommen. Das ist z.Z. das, was mir bei dem Wert noch etwas aufstößt. Keine earnings guidance. Umsatz alleine ist kein Wert an sich. Deswegen interessieren mich auch nicht die 700-800 mUSD, die sie machen wollen, wenn nur 10-20 mUSD earnings bei rauskommen. Vielleicht bin ich auch nur zu 'pingelig'.
Gruß
Torte
Nasdaq wir kommen...!!!
Am 28.09 wurden die Anträge für das Nasdaqlisting eingereicht....
schätze mal innerhalb 3-6 Mon. wird TTGL ein Nasdaq-Wert.
Allein die Tatsache das Fonds die den Nasdaq-Index abbilden jetzt nicht mehr herum kommen TTGL ins Depot zu mischen wird den Kurs beflügeln...
Schau mer mal
Titan Global Holdings Submits Application for Listing on NASDAQ
Application Further Validates Company's Strategic Mission to Attract Institutional Investors and Build Long-Term Shareholder Value
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, has announced that consistent with the its stated strategic plan, the Company filed for listing on the NASDAQ stock exchange on September 28, 2007. While there is no guarantee that the Company will be accepted by NASDAQ, the application is consistent with management's stated strategic plan to encourage an expanded institutional investor base as a means to deliver long-term shareholder value.
Titan's Board of Directors formed a Committee to implement its plan to list its stock on the NASDAQ stock exchange. David Marks, Titan's Chairman, is leading the NASDAQ listing effort. Titan's listing on the NASDAQ is subject to its listing requirements and standards. These include but are not limited to Titan's share price and shareholder equity. Finally, Titan is unsure of how long the application process will take to complete.
Titan is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets, advanced technologies and energy.
"We believe that successfully listing on NASDAQ will enable us to expand our presence in the equities market and encourage an increase in valuation," said David Marks, Chairman Titan Global Holdings. "While there is no guarantee the NASDAQ will accept Titan, we are hopeful that the listing will open new opportunities for attracting institutional investors with long-term investment strategies."
Titan continues to deliver on each of its stated strategic initiatives. Some of the most recent events include:
In July, Titan formed Titan Energy Group, a division engaged in the acquisition and management of complementary energy sector assets.
In August, Titan announced the execution of a definitive option agreement to purchase 80% of the outstanding stock of USA Detergents, Inc., www.usa-detergents.com, ("USAD"), a manufacturer and distributor of quality essential home products such as laundry care, household cleaners and personal care items.
In August, Titan announced the formation of Titan Global Brands to integrate, protect and expand brand management capabilities and to leverage and optimize growth from The Company's more than 100 trusted brands, which are distributed to over 65,000 retail locations.
"Consistent with our commitment to investors in late August, late last week we applied for a listing on the NASDAQ," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "A listing on the NASDAQ will make Titan more desirable to institutions and all investors alike. We believe that such a listing may lead to greater liquidity and share price appreciation."
"We are mindful of NASDAQ's listing requirements and remain confident we can satisfy them," said Scott Hensell, Chief Financial Officer of Titan Global Holdings. "Given our strategic and organic progress, we continue to view our current share price as a compelling value proposition for investors."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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
Am 28.09 wurden die Anträge für das Nasdaqlisting eingereicht....
schätze mal innerhalb 3-6 Mon. wird TTGL ein Nasdaq-Wert.
Allein die Tatsache das Fonds die den Nasdaq-Index abbilden jetzt nicht mehr herum kommen TTGL ins Depot zu mischen wird den Kurs beflügeln...
Schau mer mal
Titan Global Holdings Submits Application for Listing on NASDAQ
Application Further Validates Company's Strategic Mission to Attract Institutional Investors and Build Long-Term Shareholder Value
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, has announced that consistent with the its stated strategic plan, the Company filed for listing on the NASDAQ stock exchange on September 28, 2007. While there is no guarantee that the Company will be accepted by NASDAQ, the application is consistent with management's stated strategic plan to encourage an expanded institutional investor base as a means to deliver long-term shareholder value.
Titan's Board of Directors formed a Committee to implement its plan to list its stock on the NASDAQ stock exchange. David Marks, Titan's Chairman, is leading the NASDAQ listing effort. Titan's listing on the NASDAQ is subject to its listing requirements and standards. These include but are not limited to Titan's share price and shareholder equity. Finally, Titan is unsure of how long the application process will take to complete.
Titan is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets, advanced technologies and energy.
"We believe that successfully listing on NASDAQ will enable us to expand our presence in the equities market and encourage an increase in valuation," said David Marks, Chairman Titan Global Holdings. "While there is no guarantee the NASDAQ will accept Titan, we are hopeful that the listing will open new opportunities for attracting institutional investors with long-term investment strategies."
Titan continues to deliver on each of its stated strategic initiatives. Some of the most recent events include:
In July, Titan formed Titan Energy Group, a division engaged in the acquisition and management of complementary energy sector assets.
In August, Titan announced the execution of a definitive option agreement to purchase 80% of the outstanding stock of USA Detergents, Inc., www.usa-detergents.com, ("USAD"), a manufacturer and distributor of quality essential home products such as laundry care, household cleaners and personal care items.
In August, Titan announced the formation of Titan Global Brands to integrate, protect and expand brand management capabilities and to leverage and optimize growth from The Company's more than 100 trusted brands, which are distributed to over 65,000 retail locations.
"Consistent with our commitment to investors in late August, late last week we applied for a listing on the NASDAQ," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "A listing on the NASDAQ will make Titan more desirable to institutions and all investors alike. We believe that such a listing may lead to greater liquidity and share price appreciation."
"We are mindful of NASDAQ's listing requirements and remain confident we can satisfy them," said Scott Hensell, Chief Financial Officer of Titan Global Holdings. "Given our strategic and organic progress, we continue to view our current share price as a compelling value proposition for investors."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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
Moin @ll,
jeden Tag eine gute News.....
Schau mer mal
Titan Global Holdings Announces Significant Expansion of Nationwide Distribution Network Following Completion of USA Detergents Acquisition
Tuesday October 2, 3:30 am ET
Distribution Network to Reach Approximately 87,000 Domestic and International Retail Locations for Company's Portfolio of Brand Name Products
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high growth diversified holding company, announced today that upon the completed acquisition of USA Detergents, Inc., ("USAD"), Titan Global Brand's expansive and overlapping distribution network will reach more than 86,000 domestic retail locations and over 175 international locations. The announcement further validates Titan's high-growth business strategy to integrate, protect and expand brand management capabilities and to leverage and optimize growth from the Company's distribution channels.
ADVERTISEMENT
USAD distributes a trusted suite of value branded laundry products, cleaners and candles through distributors strategically placed in large metropolitan markets in the United States. These distributors feature USAD products at over 15,000 retail locations in heavily populated markets. Additionally, USAD distributes products through over 100 food and drug mass retailers in the United States. USAD also distributes cleaners and candles through over 200 distributors in key markets in Canada, the Caribbean, South America, Central America and the Middle East.
"Our strategic equity partners have identified and completed acquisitions for Titan that have amassed a vast yet targeted distribution network that focuses on value driven consumers," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Although the current products and brands offered in each channel may vary, the targeted consumer is the same. We look forward to leveraging these channels with new products and ideas for Titan Global Brands in fiscal year 2008."
Titan's Communications division currently distributes international long distance products to over 60,000 independent retailers in the United States. Additionally, Titan's Wireless division has a rapidly growing product presence in more than 11,000 convenience store and value store locations in the United States.
"We have already experienced several wins in offering our trusted wireless services in other Titan distribution channels," said Dennis Henderson, President of Titan's Wireless Division. "As our talented management team and distributors collaborate, we will create more value for our consumers and shareholders alike. The value proposition of Titan Global Brands is a diversified portfolio of products providing trusted value to our customers."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
jeden Tag eine gute News.....
Schau mer mal
Titan Global Holdings Announces Significant Expansion of Nationwide Distribution Network Following Completion of USA Detergents Acquisition
Tuesday October 2, 3:30 am ET
Distribution Network to Reach Approximately 87,000 Domestic and International Retail Locations for Company's Portfolio of Brand Name Products
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high growth diversified holding company, announced today that upon the completed acquisition of USA Detergents, Inc., ("USAD"), Titan Global Brand's expansive and overlapping distribution network will reach more than 86,000 domestic retail locations and over 175 international locations. The announcement further validates Titan's high-growth business strategy to integrate, protect and expand brand management capabilities and to leverage and optimize growth from the Company's distribution channels.
ADVERTISEMENT
USAD distributes a trusted suite of value branded laundry products, cleaners and candles through distributors strategically placed in large metropolitan markets in the United States. These distributors feature USAD products at over 15,000 retail locations in heavily populated markets. Additionally, USAD distributes products through over 100 food and drug mass retailers in the United States. USAD also distributes cleaners and candles through over 200 distributors in key markets in Canada, the Caribbean, South America, Central America and the Middle East.
"Our strategic equity partners have identified and completed acquisitions for Titan that have amassed a vast yet targeted distribution network that focuses on value driven consumers," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Although the current products and brands offered in each channel may vary, the targeted consumer is the same. We look forward to leveraging these channels with new products and ideas for Titan Global Brands in fiscal year 2008."
Titan's Communications division currently distributes international long distance products to over 60,000 independent retailers in the United States. Additionally, Titan's Wireless division has a rapidly growing product presence in more than 11,000 convenience store and value store locations in the United States.
"We have already experienced several wins in offering our trusted wireless services in other Titan distribution channels," said Dennis Henderson, President of Titan's Wireless Division. "As our talented management team and distributors collaborate, we will create more value for our consumers and shareholders alike. The value proposition of Titan Global Brands is a diversified portfolio of products providing trusted value to our customers."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Habe nochmal die IR bzgl. earnings guidance angeschrieben, aber wie immer keine Antwort. 
Die sollten sich vielleicht mal von Trilogy trennen, die machen echt einen sehr schlechten (wenn ueberhaupt) Job.
Hab's dann nochmal beim OTC-Journal probiert, der sagte, die Info wuerde vielleicht naechste Woche kommen. Wollen wir es mal hoffen, aber ich denke, wir werden auf jeden Fall im Oktober hierzu mehr hoeren.
Schoenes WE
HH
Die sollten sich vielleicht mal von Trilogy trennen, die machen echt einen sehr schlechten (wenn ueberhaupt) Job.Hab's dann nochmal beim OTC-Journal probiert, der sagte, die Info wuerde vielleicht naechste Woche kommen. Wollen wir es mal hoffen, aber ich denke, wir werden auf jeden Fall im Oktober hierzu mehr hoeren.
Schoenes WE
HH
Antwort auf Beitrag Nr.: 31.858.777 von HHtrader am 05.10.07 17:33:10HH,
Darauf wartet jetzt die Anlegerschaft. Wenn mit solch einem statement ein Fahrplan für nachhaltige Profitabilität aufgestellt wird (und wenn auch erst in 2008), dann kommt hier auch wieder Schwung rein. Davor eher verhaltenes Bild, man sieht, wie versucht wird zu shorten aber alles unter 1,95 wird sofort weggekauft. Wirklich stabiles Bild bisher. Halt uns auf dem laufenden, wenn irgendetwas diesbezüglich kommuniziert wird.
Danke
Torte
Darauf wartet jetzt die Anlegerschaft. Wenn mit solch einem statement ein Fahrplan für nachhaltige Profitabilität aufgestellt wird (und wenn auch erst in 2008), dann kommt hier auch wieder Schwung rein. Davor eher verhaltenes Bild, man sieht, wie versucht wird zu shorten aber alles unter 1,95 wird sofort weggekauft. Wirklich stabiles Bild bisher. Halt uns auf dem laufenden, wenn irgendetwas diesbezüglich kommuniziert wird.
Danke
Torte
Antwort auf Beitrag Nr.: 31.859.183 von Torte11 am 05.10.07 17:57:02Und die Konsolidierung geht weiter... Ging ja ganz schoen wild zu in den letzten Tagen. Heute waren wir kurz auf 1,70 USD und dann ging's gleich wieder rauf. Damit haben wir auch 61,8% retracement erreicht und ich wuerde mal vermuten, dass hiermit die Konsi vorbei ist.
Spaetestens wenn die earnings guidance kommt, duerften wir hier nach oben ausbrechen. Bin gespannt!
HH
Spaetestens wenn die earnings guidance kommt, duerften wir hier nach oben ausbrechen. Bin gespannt!
HH
Titan Global Holdings Wireless Announces Milestone Agreement with National Retail Chain
Friday October 12, 3:30 am ET
Titan Wireless Gains Additional 6,000 Locations to Already Substantial Distribution Footprint Reaching More than 70,000 Locations
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced that Titan Wireless, a division of Titan Communications, entered into a wireless sales distribution agreement with a national retail chain to distribute more than 36,000 Ready Mobile-branded PCS handsets and expand the Company's nationwide distribution system by an additional 6,000 locations. The agreement further validates the Company's high-growth business strategy focused on generating revenues from trusted wireless brand products through a retail distribution system that now reaches more than 70,000 locations. For competitive reasons, Titan isn't identifying the national retail chain.
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost-effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues, in May, 2007.
"Titan Wireless continues to add strategic retailers that leverage the advantages inherent in our product offerings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Fred Haumesser and his sales team have done a brilliant job with our wireless products and Glen Jasper has integrated our wireless division and expanded our base of operations to meet this growing demand. We will continue to create value from our wireless division for our shareholders in fiscal year 2008."
Titan recently issued revenue guidance for fiscal 2008 that includes Titan Wireless' expected $23.5 million contribution to the Company's stated overall revenue guidance of $747 million for fiscal 2008. The positive revenue impact of the Company's agreement with this national retail chain isn't reflected in this guidance.
"The planned addition of this national retail chain is very exciting for us," said Dennis Henderson, President of Titan Wireless. "This milestone win for the company complements our national retail footprint, making it easier for our customers to find Ready Mobile handsets and airtime. We look forward to providing these new customers with high quality, reliable wireless communications solutions."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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 Reform 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 rates 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.
http://biz.yahoo.com/bw/071012/20071012005157.html?.v=1&prin…
Friday October 12, 3:30 am ET
Titan Wireless Gains Additional 6,000 Locations to Already Substantial Distribution Footprint Reaching More than 70,000 Locations
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced that Titan Wireless, a division of Titan Communications, entered into a wireless sales distribution agreement with a national retail chain to distribute more than 36,000 Ready Mobile-branded PCS handsets and expand the Company's nationwide distribution system by an additional 6,000 locations. The agreement further validates the Company's high-growth business strategy focused on generating revenues from trusted wireless brand products through a retail distribution system that now reaches more than 70,000 locations. For competitive reasons, Titan isn't identifying the national retail chain.
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost-effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues, in May, 2007.
"Titan Wireless continues to add strategic retailers that leverage the advantages inherent in our product offerings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Fred Haumesser and his sales team have done a brilliant job with our wireless products and Glen Jasper has integrated our wireless division and expanded our base of operations to meet this growing demand. We will continue to create value from our wireless division for our shareholders in fiscal year 2008."
Titan recently issued revenue guidance for fiscal 2008 that includes Titan Wireless' expected $23.5 million contribution to the Company's stated overall revenue guidance of $747 million for fiscal 2008. The positive revenue impact of the Company's agreement with this national retail chain isn't reflected in this guidance.
"The planned addition of this national retail chain is very exciting for us," said Dennis Henderson, President of Titan Wireless. "This milestone win for the company complements our national retail footprint, making it easier for our customers to find Ready Mobile handsets and airtime. We look forward to providing these new customers with high quality, reliable wireless communications solutions."
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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 Reform 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 rates 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.
http://biz.yahoo.com/bw/071012/20071012005157.html?.v=1&prin…
Titan Global Holdings Oblio Telecom Unit Announces Settlement With AT&T
Oblio and AT&T Poised to Resume Long Term and Successful Strategic Relationship
Titan Global Holdings, Inc. (“Titan”) (OTCBB:TTGL), a high growth diversified holding company, announced today that Oblio Telecom, Inc., (“Oblio”), a unit of Titan’s Communication Division, settled the Company’s claims related to its previous payments of Universal Service Fees (“USF”) to AT&T. Under the settlement, Titan will recognize a one-time gain of $7.2 million that the Company will apply to Oblio’s trade debt. The settlement agreement amicably reconciles the dispute between Oblio and AT&T.
AT&T’s new leadership, following AT&T’s merger with SBC Communications, created an atmosphere for both companies to resolve this dispute and renew their relationship. As a result of the settlement, Oblio and AT&T prepaid can now negotiate a new comprehensive agreement that would enable both companies to resume their storied and successful long term relationship.
In the wake of recent and compelling changes in the competitive landscape related to the prepaid communications business, Oblio concluded that a strong relationship with AT&T was of great strategic importance to the Company and its customers.
StartTalk Inc., another unit of Titan's Communications Division that owns and leases telecommunications hardware for its network operations, will continue to expand its products to support Oblio and its other clients. A strategic relationship with AT&T and StartTalk will enable Oblio to exploit the strengths of each in the international prepaid telecommunications space.
"A renewed relationship with AT&T will give Oblio’s distribution channels more options when deciding on which international communication prepaid products to distribute," said Kurt Jensen, President and Chief Executive Officer of Titan's Communications Division. "We expect AT&T prepaid products to be complimentary, not predatory, to those of our StartTalk unit."
“Given the recent exit of Sprint from Oblio’s prepaid products and other changes in the competitive landscape, our team concluded that a unique opportunity existed for the emergence of a seasoned and experienced Tier One partner,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “The new management in AT&T’s prepaid group created the environment for Oblio to resolve its USF disputes with AT&T and set a course for a renewed and beneficial strategic relationship. We are hopeful we will complete a new comprehensive strategic agreement with AT&T in the coming weeks.”
Oblio is poised to exploit AT&T’s network prowess and experience in prepaid products with Oblio’s proven distribution channels and operations. Oblio’s management has identified significant business development opportunities for revenue and earnings acceleration through AT&T prepaid products.
"The settlement between Oblio and AT&T will result in a one time gain of approximately $7.2 million. This gain will be recognized in the first quarter of fiscal 2008," said Scott Hensell, Chief Financial Officer of Titan Global Holdings. “The planned resumption of our relationship with AT&T will pave the way for continued revenue and earnings growth in our Communications unit.”
Previously Titan announced it can use its cumulative net operating losses ("NOL's") against the net income generated from Oblio. Pursuant to Internal Revenue Service regulations, Titan's qualified NOL's are preserved and available against net income from the Oblio unit. The one time gain from this settlement will be offset by Titan's NOL's. Therefore, one hundred percent (100%) of the recovery has been applied for reduction of Oblio’s trade debt.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Oblio and AT&T Poised to Resume Long Term and Successful Strategic Relationship
Titan Global Holdings, Inc. (“Titan”) (OTCBB:TTGL), a high growth diversified holding company, announced today that Oblio Telecom, Inc., (“Oblio”), a unit of Titan’s Communication Division, settled the Company’s claims related to its previous payments of Universal Service Fees (“USF”) to AT&T. Under the settlement, Titan will recognize a one-time gain of $7.2 million that the Company will apply to Oblio’s trade debt. The settlement agreement amicably reconciles the dispute between Oblio and AT&T.
AT&T’s new leadership, following AT&T’s merger with SBC Communications, created an atmosphere for both companies to resolve this dispute and renew their relationship. As a result of the settlement, Oblio and AT&T prepaid can now negotiate a new comprehensive agreement that would enable both companies to resume their storied and successful long term relationship.
In the wake of recent and compelling changes in the competitive landscape related to the prepaid communications business, Oblio concluded that a strong relationship with AT&T was of great strategic importance to the Company and its customers.
StartTalk Inc., another unit of Titan's Communications Division that owns and leases telecommunications hardware for its network operations, will continue to expand its products to support Oblio and its other clients. A strategic relationship with AT&T and StartTalk will enable Oblio to exploit the strengths of each in the international prepaid telecommunications space.
"A renewed relationship with AT&T will give Oblio’s distribution channels more options when deciding on which international communication prepaid products to distribute," said Kurt Jensen, President and Chief Executive Officer of Titan's Communications Division. "We expect AT&T prepaid products to be complimentary, not predatory, to those of our StartTalk unit."
“Given the recent exit of Sprint from Oblio’s prepaid products and other changes in the competitive landscape, our team concluded that a unique opportunity existed for the emergence of a seasoned and experienced Tier One partner,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “The new management in AT&T’s prepaid group created the environment for Oblio to resolve its USF disputes with AT&T and set a course for a renewed and beneficial strategic relationship. We are hopeful we will complete a new comprehensive strategic agreement with AT&T in the coming weeks.”
Oblio is poised to exploit AT&T’s network prowess and experience in prepaid products with Oblio’s proven distribution channels and operations. Oblio’s management has identified significant business development opportunities for revenue and earnings acceleration through AT&T prepaid products.
"The settlement between Oblio and AT&T will result in a one time gain of approximately $7.2 million. This gain will be recognized in the first quarter of fiscal 2008," said Scott Hensell, Chief Financial Officer of Titan Global Holdings. “The planned resumption of our relationship with AT&T will pave the way for continued revenue and earnings growth in our Communications unit.”
Previously Titan announced it can use its cumulative net operating losses ("NOL's") against the net income generated from Oblio. Pursuant to Internal Revenue Service regulations, Titan's qualified NOL's are preserved and available against net income from the Oblio unit. The one time gain from this settlement will be offset by Titan's NOL's. Therefore, one hundred percent (100%) of the recovery has been applied for reduction of Oblio’s trade debt.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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.
Antwort auf Beitrag Nr.: 31.993.511 von new_investor am 15.10.07 09:40:10Liest sich sehr erfreulich, Einigung mit AT&T, TTGLs Tochter Oblio erhält 7,2Mio. $ und die Geschäftsbeziehung bleibt bestehen
Antwort auf Beitrag Nr.: 31.993.833 von wayne99 am 15.10.07 09:59:13Wirklich ein guter Vergleich....wobei die Ami´s mit 50-60 Mio phantasiert hatten
“Given the recent exit of Sprint from Oblio’s prepaid products and other changes in the competitive landscape, our team concluded that a unique opportunity existed for the emergence of a seasoned and experienced Tier One partner,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “The new management in AT&T’s prepaid group created the environment for Oblio to resolve its USF disputes with AT&T and set a course for a renewed and beneficial strategic relationship. We are hopeful we will complete a new comprehensive strategic agreement with AT&T in the coming weeks.”
Wenn der Agreement unter Dach und Fach ist wird der Bereich Telekominikation die Umsätze deutlich steigern.....
Jetzt fehlt nur noch die Meldung das die USAD-Aquisition abgeschlossen ist...
Schau mer mal
“Given the recent exit of Sprint from Oblio’s prepaid products and other changes in the competitive landscape, our team concluded that a unique opportunity existed for the emergence of a seasoned and experienced Tier One partner,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “The new management in AT&T’s prepaid group created the environment for Oblio to resolve its USF disputes with AT&T and set a course for a renewed and beneficial strategic relationship. We are hopeful we will complete a new comprehensive strategic agreement with AT&T in the coming weeks.”
Wenn der Agreement unter Dach und Fach ist wird der Bereich Telekominikation die Umsätze deutlich steigern.....
Jetzt fehlt nur noch die Meldung das die USAD-Aquisition abgeschlossen ist...
Schau mer mal
Antwort auf Beitrag Nr.: 31.993.966 von new_investor am 15.10.07 10:06:44Ging es bei den 50-60Mo.$ nicht eher um Rückerstattungen von US-Fees ? An das kann ich mich eher erinnern.
Aus einem Posting vom 17.04
Zum Thema Einmalertraege: Es wurde ja vor kurzem gemeldet, dass TTGL 3,5 MUSD von gezahlten USF fees zurueck bekommen hat. Hier steht noch ein wesentlich hoeherer Betrag im Raum und zwar in Hoehe von 62 MUSD
Die USAD-Übernahme sollte lt. TTGL eigentlich schon unter Dach und Fach sein - es kam auch keine Meldung das sich etwas verzögert
Aus einem Posting vom 17.04
Zum Thema Einmalertraege: Es wurde ja vor kurzem gemeldet, dass TTGL 3,5 MUSD von gezahlten USF fees zurueck bekommen hat. Hier steht noch ein wesentlich hoeherer Betrag im Raum und zwar in Hoehe von 62 MUSD
Die USAD-Übernahme sollte lt. TTGL eigentlich schon unter Dach und Fach sein - es kam auch keine Meldung das sich etwas verzögert
...und wieder saubere Arbeit von TTGL
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Completes Acquisition of USA Detergents, Inc.
Wednesday October 17, 9:30 am ET
Acquisition Reflects Company's High-Growth Business Strategy to Maximize Revenues and Earnings from Distribution Network Reaching Over 86,000 Locations
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high growth diversified holding company, announced today that it has completed the Company's acquisition of USA Detergents, Inc ("USAD"), a manufacturer and distributor of value-branded home care products that leverages brand extensions and licensing agreements with consumer product conglomerates. Titan Global Brand's expansive and overlapping distribution network will now reach more than 86,000 domestic retail locations and over 175 international locations.
In connection with the acquisition, Titan guaranteed USAD's obligations to its senior secured lender, Greystone Business Credit II, and conveyed certain other consideration for the acquisition of 80% of the outstanding stock of USAD.
Upon Titan's acquisition, Church & Dwight Co. Inc. now owns 7.5% and the remaining 12.5% is owned by the existing senior management of the reorganized USAD.
"The USAD acquisition is a strategic step forward for Titan as we move towards developing a world class diversified holding company featuring Titan Global Brands," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Our strategic equity partners identified this acquisition as an opportunity to create value with Titan's broad suite of products targeted at similar value oriented consumers through complementary distribution channels. We plan on leveraging all of our trusted brands in our growing distribution network to provide increasing value to our customers and shareholders."
Titan will now distribute USAD's trusted suite of value branded laundry products, cleaners and candles through an expansive and overlapping distribution network reaching more than 86,000 domestic retail locations and over 175 international locations. Additionally, USAD distributes products through over 100 food and drug mass retailers in the United States. USAD also distributes cleaners and candles through over 200 distributors in key markets in Canada, the Caribbean, South America, Central America and the Middle East.
As part of Titan's ongoing restructuring of USAD, the Company recently appointed veteran executive Frank J. Orlando as President and Chief Executive Officer of USAD. Over upcoming days, Mr. Orlando will announce his senior management team for USAD.
"Today's announcement is the beginning of what we believe will be a very exciting and profitable period of growth in the history of USAD," said Mr. Orlando. "Titan is a great fit with its established distribution channels and access to resources via its strategic equity partners. We plan on leveraging these channels to propel USAD to new heights."
"We were delighted to introduce USA Detergents to Titan Global, our established client," stated Joel Flig, Executive Vice President of Greystone Business Credit. "This acquisition strengthens two of our clients and creates enormous synergies in distribution."
USAD currently 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.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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 Reform 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 rates 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, 800-592-6067 (toll-free)
ryon@trilogy-capital.com
--------------------------------------------------------------------------------
Source: Titan Global Holdings, Inc.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Completes Acquisition of USA Detergents, Inc.
Wednesday October 17, 9:30 am ET
Acquisition Reflects Company's High-Growth Business Strategy to Maximize Revenues and Earnings from Distribution Network Reaching Over 86,000 Locations
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high growth diversified holding company, announced today that it has completed the Company's acquisition of USA Detergents, Inc ("USAD"), a manufacturer and distributor of value-branded home care products that leverages brand extensions and licensing agreements with consumer product conglomerates. Titan Global Brand's expansive and overlapping distribution network will now reach more than 86,000 domestic retail locations and over 175 international locations.
In connection with the acquisition, Titan guaranteed USAD's obligations to its senior secured lender, Greystone Business Credit II, and conveyed certain other consideration for the acquisition of 80% of the outstanding stock of USAD.
Upon Titan's acquisition, Church & Dwight Co. Inc. now owns 7.5% and the remaining 12.5% is owned by the existing senior management of the reorganized USAD.
"The USAD acquisition is a strategic step forward for Titan as we move towards developing a world class diversified holding company featuring Titan Global Brands," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Our strategic equity partners identified this acquisition as an opportunity to create value with Titan's broad suite of products targeted at similar value oriented consumers through complementary distribution channels. We plan on leveraging all of our trusted brands in our growing distribution network to provide increasing value to our customers and shareholders."
Titan will now distribute USAD's trusted suite of value branded laundry products, cleaners and candles through an expansive and overlapping distribution network reaching more than 86,000 domestic retail locations and over 175 international locations. Additionally, USAD distributes products through over 100 food and drug mass retailers in the United States. USAD also distributes cleaners and candles through over 200 distributors in key markets in Canada, the Caribbean, South America, Central America and the Middle East.
As part of Titan's ongoing restructuring of USAD, the Company recently appointed veteran executive Frank J. Orlando as President and Chief Executive Officer of USAD. Over upcoming days, Mr. Orlando will announce his senior management team for USAD.
"Today's announcement is the beginning of what we believe will be a very exciting and profitable period of growth in the history of USAD," said Mr. Orlando. "Titan is a great fit with its established distribution channels and access to resources via its strategic equity partners. We plan on leveraging these channels to propel USAD to new heights."
"We were delighted to introduce USA Detergents to Titan Global, our established client," stated Joel Flig, Executive Vice President of Greystone Business Credit. "This acquisition strengthens two of our clients and creates enormous synergies in distribution."
USAD currently 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.
About Titan Global Holdings
Titan Global Holdings, Inc. 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'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.
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.
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 Reform 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 rates 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, 800-592-6067 (toll-free)
ryon@trilogy-capital.com
--------------------------------------------------------------------------------
Source: Titan Global Holdings, Inc.
itan Global Holdings Announces Investor Conference Call on October 18 to Discuss Strategic Acquisition of USAD and AT&T Settlement
Wednesday October 17, 12:30 pm ET
Company Continues to Execute on Aggressive Acquisition Strategy Focused on Aggregating Undervalued Assets
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, will hold an investor conference call on October 18, 2007, at 12 noon Eastern, to discuss the Company's recently completed acquisition of 80% of the outstanding stock of USA Detergents, Inc. ("USAD"), a value-driven acquisition that provides high quality branded consumer products.
ADVERTISEMENT
The acquisition is consistent with the Company's high-growth business model focused on creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company.
During the conference call, Bryan Chance, Chief Executive Officer of Titan Global Holdings, will also discuss the Company's recently announced settlement related to its previous payments of Universal Service Fees ("USF") to AT&T. Under the settlement, Titan will recognize a one-time gain of $7.2 million that the Company will apply to Oblio's trade debt.
"We could not be more pleased with Titan's dramatic growth over the past few months and firmly believe that our shareholders will continue to be pleased in the months ahead," said Mr. Chance. "I would like to invite all current and potential investors to attend this conference. I want to take this opportunity to put all of our exciting accomplishments into perspective."
Callers within the United States can access the conference call by calling (800) 700-7353; when prompted tell the operator you would like to connect to the 'Titan Global Holdings conference call.' International callers can dial (612) 332-0342. An online audio web simulcast of the call will also be accessible at http://www.trilogy-capital.com/tcp/titan/.
Wednesday October 17, 12:30 pm ET
Company Continues to Execute on Aggressive Acquisition Strategy Focused on Aggregating Undervalued Assets
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, will hold an investor conference call on October 18, 2007, at 12 noon Eastern, to discuss the Company's recently completed acquisition of 80% of the outstanding stock of USA Detergents, Inc. ("USAD"), a value-driven acquisition that provides high quality branded consumer products.
ADVERTISEMENT
The acquisition is consistent with the Company's high-growth business model focused on creating long-term shareholder value through the creation of a dynamic, high-growth diversified holding company.
During the conference call, Bryan Chance, Chief Executive Officer of Titan Global Holdings, will also discuss the Company's recently announced settlement related to its previous payments of Universal Service Fees ("USF") to AT&T. Under the settlement, Titan will recognize a one-time gain of $7.2 million that the Company will apply to Oblio's trade debt.
"We could not be more pleased with Titan's dramatic growth over the past few months and firmly believe that our shareholders will continue to be pleased in the months ahead," said Mr. Chance. "I would like to invite all current and potential investors to attend this conference. I want to take this opportunity to put all of our exciting accomplishments into perspective."
Callers within the United States can access the conference call by calling (800) 700-7353; when prompted tell the operator you would like to connect to the 'Titan Global Holdings conference call.' International callers can dial (612) 332-0342. An online audio web simulcast of the call will also be accessible at http://www.trilogy-capital.com/tcp/titan/.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Issues Record Earnings Guidance for Fiscal 2008
Wednesday October 17, 4:01 pm ET
Company Forecasts Significant Earnings Increase of Approximately $15 Million to $17 Million or $0.24 to $0.28 Per Share for Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high growth diversified holding company, has released initial earnings guidance for fiscal year 2008 in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share. The record projected earnings growth is a direct result of the Company's aggressive acquisition strategy and high-growth business model that has recently resulted in the acquisition of Appalachian Oil Company and USA Detergents, as well as the launches of Titan Global Energy, Titan Global Brands and Titan Card Services in fiscal 2007.
This earnings guidance excludes the impact of any additional strategic acquisitions and development stage organic initiatives at Titan's units. The projected operating earnings exclude expenses and income related to the valuation of derivative financial instruments such as stock warrants and convertible debt instruments.
In addition, Titan has revised its previously issued revenue guidance of $747 million for fiscal year 2008, based on material developments since the previous guidance. As a result, the Company announced that revised revenue guidance for fiscal year 2008 will be in the range of $735 million to $747 million.
Contributing to the increase in fiscal year 2008 revenue, Titan Wireless recently completed a large distribution agreement with a national retail chain that will enhance its fiscal year 2008 revenue.
Contributing to a decrease in fiscal year 2008 revenue were delays in the recent closings of Titan's acquisition of Appalachian Oil Company and USA Detergents, and the retail launch of Titan Card Services.
"Titan is poised for unprecedented revenue and earnings growth in fiscal 2008," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "We are very focused on integrating and growing our newly formed Titan Energy Group and Total Global Brands. As we integrate these operations, we expect to leverage synergistic growth initiatives that will enhance Titan's shareholder value. As well, we are focused on improving our balance sheet and completing opportunistic acquisitions for the value-added benefit of our shareholders."
Titan Global Energy - Projected Revenues: $433 Million
Titan recently formed Titan Global Energy (Titan Energy), a division engaged in the acquisition and management of complementary energy sector assets. Titan Energy has and will capitalize on earnings opportunities within the energy sector. Titan Energy will aggregate energy assets which can provide significant opportunities for revenue and earnings growth.
Titan Energy recently acquired the outstanding stock of Appalachian Oil Company ("Appco"), a company that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"Appco provides an ideal platform from which to make significant additional acquisitions," said Mr. Chance. "The revenue forecast for this division is based upon the status of Appco's current operations and market conditions within the energy sector. Titan continues to work diligently with its supplier partners to introduce biofuels and other products to maintain a position of leadership in the markets that we serve."
Revenue Projections by Division
Titan Communications: Projected Revenue $174 Million
Titan's Communications division is comprised of Oblio Telecom (distribution), StartTalk (international network operations), Titan Wireless (wireless operations) and Pinless (e-commerce applications). The integration of these units positions the Company to continue its accelerated growth in fiscal 2008 with rapid delivery of new products and more efficient call termination options. Including recent agreements, Titan's Communication Division increased its distribution channels to over 71,000 retail outlets. The Communications Division generated $89 million in revenues in 2006 and generated over $80 million in revenues for the nine months ended May 31, 2007.
"Our Communications Division continues to show solid year-over-year growth that we believe will continue to be one of Titan's main drivers of shareholder value," said Kurt Jensen, President and Chief Executive Officer of Titan Communications and Card Services. "Our recent settlement with AT&T will have a positive impact on fiscal year 2008 as will our organic growth and strategic initiatives to expand our market share and build our brand equity."
Titan Global Brands: Projected Revenue $53-65 Million
This week Titan completed the acquisition of 80% of the outstanding stock of USA Detergents, Inc. (USAD). Of the remaining shares, Church & Dwight owns 7.5% and the remaining 12.5% is controlled by the existing senior management of the reorganized USAD.
"We view USAD as a compelling acquisition for Titan with significant and immediate opportunities for revenue and earnings growth," said Frank Orlando, President and Chief Executive Officer of USA Detergents, Inc. "Our USAD management team is working closely with Titan's senior management team to exploit USAD's opportunities. Additionally, we will leverage synergies with Titan's existing distribution, products and services to immediately increase USAD's revenue streams and margins."
Titan Card Services: Projected Revenue $45 Million
Titan recently announced the formation of Titan Card Services, Inc., to capitalize on the burgeoning multibillion dollar international prepaid money transfer sector. The launch of Card Services further validates the Company's high-growth business model and provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Given Titan's familiarity with the prepaid sector and the specific needs of its core demographic customer base, which includes first and second generation Americans, the Company's senior management identified a significant need in this growing market to transfer funds internationally. Titan anticipates that its branded Guardian(TM) prepaid calling card products will be on retail shelves in January 2008.
"We expect to leverage our trusted position and brands with first and second generation Americans to expand our offerings into money transfer services, under our Guardian family of products," said Mr. Jensen. "With our creative and user-friendly approach and our established distribution network of more than 71,000 retail locations serving this burgeoning demographic segment, we expect high operating margins and rapid consumer acceptance of these products."
Titan Electronics and Homeland Security: Projected Revenues $30 Million
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 technology products for military and high-tech clients. Titan has announced that this division will realize this record performance through continued efforts to increase its market share in the quick-turn market through its innovative "rep-centric" sales organization. Additionally, the division expects to grow its valued military spec business as well.
"We closed our fourth quarter of fiscal year 2007 with great momentum," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "In fiscal 2008 we will reap the rewards of Mike Kadlec and Saul Kennedy's efforts to redefine our sales approach and geographic reach this past year. We have successfully broadened geographic diversity in our customer base extensively and we are not as dependent on specific geographic areas or sectors. Our team looks forward to producing significant shareholder returns in fiscal year 2008."
Closing Comments
Mr. Chance added: "We enter fiscal 2008 with great focus by our management team and tremendous support from our strategic equity and finance partners. I look forward to reporting Titan's continued progress and growth during fiscal 2008 and beyond."
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan's operating divisions include the following:
Titan's Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan's worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan's Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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 Reform 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 rates 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.
Titan Global Holdings Issues Record Earnings Guidance for Fiscal 2008
Wednesday October 17, 4:01 pm ET
Company Forecasts Significant Earnings Increase of Approximately $15 Million to $17 Million or $0.24 to $0.28 Per Share for Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high growth diversified holding company, has released initial earnings guidance for fiscal year 2008 in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share. The record projected earnings growth is a direct result of the Company's aggressive acquisition strategy and high-growth business model that has recently resulted in the acquisition of Appalachian Oil Company and USA Detergents, as well as the launches of Titan Global Energy, Titan Global Brands and Titan Card Services in fiscal 2007.
This earnings guidance excludes the impact of any additional strategic acquisitions and development stage organic initiatives at Titan's units. The projected operating earnings exclude expenses and income related to the valuation of derivative financial instruments such as stock warrants and convertible debt instruments.
In addition, Titan has revised its previously issued revenue guidance of $747 million for fiscal year 2008, based on material developments since the previous guidance. As a result, the Company announced that revised revenue guidance for fiscal year 2008 will be in the range of $735 million to $747 million.
Contributing to the increase in fiscal year 2008 revenue, Titan Wireless recently completed a large distribution agreement with a national retail chain that will enhance its fiscal year 2008 revenue.
Contributing to a decrease in fiscal year 2008 revenue were delays in the recent closings of Titan's acquisition of Appalachian Oil Company and USA Detergents, and the retail launch of Titan Card Services.
"Titan is poised for unprecedented revenue and earnings growth in fiscal 2008," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "We are very focused on integrating and growing our newly formed Titan Energy Group and Total Global Brands. As we integrate these operations, we expect to leverage synergistic growth initiatives that will enhance Titan's shareholder value. As well, we are focused on improving our balance sheet and completing opportunistic acquisitions for the value-added benefit of our shareholders."
Titan Global Energy - Projected Revenues: $433 Million
Titan recently formed Titan Global Energy (Titan Energy), a division engaged in the acquisition and management of complementary energy sector assets. Titan Energy has and will capitalize on earnings opportunities within the energy sector. Titan Energy will aggregate energy assets which can provide significant opportunities for revenue and earnings growth.
Titan Energy recently acquired the outstanding stock of Appalachian Oil Company ("Appco"), a company that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
"Appco provides an ideal platform from which to make significant additional acquisitions," said Mr. Chance. "The revenue forecast for this division is based upon the status of Appco's current operations and market conditions within the energy sector. Titan continues to work diligently with its supplier partners to introduce biofuels and other products to maintain a position of leadership in the markets that we serve."
Revenue Projections by Division
Titan Communications: Projected Revenue $174 Million
Titan's Communications division is comprised of Oblio Telecom (distribution), StartTalk (international network operations), Titan Wireless (wireless operations) and Pinless (e-commerce applications). The integration of these units positions the Company to continue its accelerated growth in fiscal 2008 with rapid delivery of new products and more efficient call termination options. Including recent agreements, Titan's Communication Division increased its distribution channels to over 71,000 retail outlets. The Communications Division generated $89 million in revenues in 2006 and generated over $80 million in revenues for the nine months ended May 31, 2007.
"Our Communications Division continues to show solid year-over-year growth that we believe will continue to be one of Titan's main drivers of shareholder value," said Kurt Jensen, President and Chief Executive Officer of Titan Communications and Card Services. "Our recent settlement with AT&T will have a positive impact on fiscal year 2008 as will our organic growth and strategic initiatives to expand our market share and build our brand equity."
Titan Global Brands: Projected Revenue $53-65 Million
This week Titan completed the acquisition of 80% of the outstanding stock of USA Detergents, Inc. (USAD). Of the remaining shares, Church & Dwight owns 7.5% and the remaining 12.5% is controlled by the existing senior management of the reorganized USAD.
"We view USAD as a compelling acquisition for Titan with significant and immediate opportunities for revenue and earnings growth," said Frank Orlando, President and Chief Executive Officer of USA Detergents, Inc. "Our USAD management team is working closely with Titan's senior management team to exploit USAD's opportunities. Additionally, we will leverage synergies with Titan's existing distribution, products and services to immediately increase USAD's revenue streams and margins."
Titan Card Services: Projected Revenue $45 Million
Titan recently announced the formation of Titan Card Services, Inc., to capitalize on the burgeoning multibillion dollar international prepaid money transfer sector. The launch of Card Services further validates the Company's high-growth business model and provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Given Titan's familiarity with the prepaid sector and the specific needs of its core demographic customer base, which includes first and second generation Americans, the Company's senior management identified a significant need in this growing market to transfer funds internationally. Titan anticipates that its branded Guardian(TM) prepaid calling card products will be on retail shelves in January 2008.
"We expect to leverage our trusted position and brands with first and second generation Americans to expand our offerings into money transfer services, under our Guardian family of products," said Mr. Jensen. "With our creative and user-friendly approach and our established distribution network of more than 71,000 retail locations serving this burgeoning demographic segment, we expect high operating margins and rapid consumer acceptance of these products."
Titan Electronics and Homeland Security: Projected Revenues $30 Million
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 technology products for military and high-tech clients. Titan has announced that this division will realize this record performance through continued efforts to increase its market share in the quick-turn market through its innovative "rep-centric" sales organization. Additionally, the division expects to grow its valued military spec business as well.
"We closed our fourth quarter of fiscal year 2007 with great momentum," said Curtis Okumura, President of Titan's Electronics and Homeland Security Division. "In fiscal 2008 we will reap the rewards of Mike Kadlec and Saul Kennedy's efforts to redefine our sales approach and geographic reach this past year. We have successfully broadened geographic diversity in our customer base extensively and we are not as dependent on specific geographic areas or sectors. Our team looks forward to producing significant shareholder returns in fiscal year 2008."
Closing Comments
Mr. Chance added: "We enter fiscal 2008 with great focus by our management team and tremendous support from our strategic equity and finance partners. I look forward to reporting Titan's continued progress and growth during fiscal 2008 and beyond."
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan's operating divisions include the following:
Titan's Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan's worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan's Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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 Reform 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 rates 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.
Press Release Source: Titan Global Holdings, Inc.
WebAlert: Titan Global Holdings Announces Investor Conference Starting Today at 12 Noon ET
Thursday October 18, 3:30 am ET
CEO to Detail Discuss Successful Acquisition of USAD and AT&T Settlement
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, will host an investor conference call with a simultaneous webcast, today at 12 noon ET, to discuss the recent acquisition of 80% of the outstanding stock of USA Detergents, Inc. ("USAD"), a value-driven acquisition that provides high quality branded consumer products.
During the conference call, Bryan Chance, Chief Executive Officer of Titan Global Holdings, will also discuss the Company’s recently announced settlement related to its previous payments of Universal Service Fees to AT&T.
WHO: Titan Global Holdings
WHAT: Investor Conference Call
WHEN: Today, October 18, 2007, at 12 noon ET
HOW: Callers within the United States may dial (800) 700-7353.
When prompted, tell the operator that you would like to
connect to the Titan Global Holdings conference call.
International callers can dial (612) 332-0342.
COST: The conference call is free of charge.
WEBCAST: An online audio simulcast of the call will also be
accessible at http://www.trilogy-capital.com/tcp/titan/
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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.
WebAlert: Titan Global Holdings Announces Investor Conference Starting Today at 12 Noon ET
Thursday October 18, 3:30 am ET
CEO to Detail Discuss Successful Acquisition of USAD and AT&T Settlement
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, will host an investor conference call with a simultaneous webcast, today at 12 noon ET, to discuss the recent acquisition of 80% of the outstanding stock of USA Detergents, Inc. ("USAD"), a value-driven acquisition that provides high quality branded consumer products.
During the conference call, Bryan Chance, Chief Executive Officer of Titan Global Holdings, will also discuss the Company’s recently announced settlement related to its previous payments of Universal Service Fees to AT&T.
WHO: Titan Global Holdings
WHAT: Investor Conference Call
WHEN: Today, October 18, 2007, at 12 noon ET
HOW: Callers within the United States may dial (800) 700-7353.
When prompted, tell the operator that you would like to
connect to the Titan Global Holdings conference call.
International callers can dial (612) 332-0342.
COST: The conference call is free of charge.
WEBCAST: An online audio simulcast of the call will also be
accessible at http://www.trilogy-capital.com/tcp/titan/
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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.
Antwort auf Beitrag Nr.: 32.058.242 von wayne99 am 17.10.07 22:30:27Moin @ll,
0,24-0,28 Gewinn pro Aktie!!!
Bei diesem Wachstum den TTGL vorlegt ist ein KGV von 15-30 gerechtfertigt.
Kalkulation Mittelwert 0,24-0,28 Gewinn pro Aktie = 0,26 für 2008
Kurs bei KGV 15 = 3,90
Kurs bei KGV 20 = 5,20
Kurs bei KGV 25 = 6,50
Kurs bei KGV 30 = 7,80
Kalkulation mit +25% Wachstum in 2009 = 0,33
Kurs bei KGV 15 = 4,95
Kurs bei KGV 20 = 6,60
Kurs bei KGV 25 = 8,25
Kurs bei KGV 30 = 9,90
Rechne mit Nasdaqaufnahme im 2-Quartal und dann sollte es mit den Fondskäufen die den Nasdaqindex abbilden Richtung -> $10,00 laufen!!
Weitere Kommentare / Meinungen sind erwünscht!!
Schau mer mal
0,24-0,28 Gewinn pro Aktie!!!
Bei diesem Wachstum den TTGL vorlegt ist ein KGV von 15-30 gerechtfertigt.
Kalkulation Mittelwert 0,24-0,28 Gewinn pro Aktie = 0,26 für 2008
Kurs bei KGV 15 = 3,90
Kurs bei KGV 20 = 5,20
Kurs bei KGV 25 = 6,50
Kurs bei KGV 30 = 7,80
Kalkulation mit +25% Wachstum in 2009 = 0,33
Kurs bei KGV 15 = 4,95
Kurs bei KGV 20 = 6,60
Kurs bei KGV 25 = 8,25
Kurs bei KGV 30 = 9,90
Rechne mit Nasdaqaufnahme im 2-Quartal und dann sollte es mit den Fondskäufen die den Nasdaqindex abbilden Richtung -> $10,00 laufen!!
Weitere Kommentare / Meinungen sind erwünscht!!
Schau mer mal
Aus Otcjournal:
http://www.otcjournal.com/archive/listserv/20071017-1.html
Titan Global (OTC BB: TTGL) Paints Picasso for Far Higher Levels
Titan has been shaping up into a really nice win for OTC Journal fans. $.85 a year ago, $2 today. You'll never go broke logging those kinds of returns.
I've trotted out the picture I used in the orginal presentation- what does Angelina Jolie have to do with TTGL? Nothing- here's the point- numbers can be sexy for investors. This company is starting to generate Angelina Jolie type sexy numbers.
For those of you who need a refresher course on this story, TTGL used to be primarily in the PCB (printed circuit boards) business. They were not good at making money. For many years, the stock floundered and the company engaged in a number of bone headed toxic financings.
All that changed in the last 18 months with the acquisition of Oblio Telecom. This company sells over 30 million phone cards annually to "first generation" Americans. These are the working class folks in the Southern US who's first language is Spanish. These hard workers send a lot of money back to their families in all parts of Latin America.
So, where you originally had a company doing about $15 million a year in revs and losing money, all of a sudden you have a company challenging $150 million a year in revs and making money. Is it any wonder the stock has been more than a double for us in the last year?
Management decided acquiring profitable companies through leveraged buy outs was a lot of fun. The stock more than doubled, they bought back 1 million shares out of the open market with their positive cash flow, and we were running on all 8 cyclinders. So, why not get a car with 12 cylinders? More like a fleet of cars now.
They went on another buying spree, this time setting their sites higher. Appalachian Oil, boasting over $400 million in annual revenues now falls under the TTGL Umbrella. Then USA Detergent joins the TTGL family. All in the last month. This company is becoming a mini Berkshire Hathaway ala Warren Buffet.
TTGL has closed these two major acquisitions in the last month, but no one has a really good picture of how the company is functioning all inclusive today. Post close, TTGL cleared up the picture, and now investors will have a much better idea.
Here's the scoop- TTGL is now a company that feels it can deliver $747 million in fiscal '08 (starting December 1, 2007). Furthermore, the company is forecasting earnings in the $15 to $17.5 million range, which equates to EPS of $.24 to $.28. This is up from a company annuallizing at $150 million in revs prior to the last two acquisitions.
My expectations- there will, of course, be a bunch of non cash funny money derivative charges to earnings. However- the most important part of the company's financial condition- cash flow- will be very robust. In short, they will be taking in a lot more money than they are spending, which should lead to a much higher stock valuation at some point in the future.
Here's the chart, and here's what I find interesting about it. I believe stocks often have personalities- like people, there are patterns or behaviors that repeat themselves.
Throughout the first half of 2007 TTGL butted up against $1.40 three times without getting through convincingly. Each time the stock was rebuffed and disappointed shareholders. Once it finally broke through, it scampered up to $2.20 in pretty short order.
As you can see from the chart, the stock has now butted up against $2.20 three times. What's going to happen when it tries for the 4th time? I don't know for sure, but if history repeats itself it could break out.
I believe this stock could easily be headed for $4. The company has already applied for a NASDAQ listing, and might very well achieve the upgrade sometime in 2008.
To date, we needed a little patience to achieve more than a double in the first year of coverage. The second year could very well be much better.
Here is the complete text of today's news for your review, and it gives you great deal of information about the status of the company:
http://www.otcjournal.com/archive/listserv/20071017-1.html
Titan Global (OTC BB: TTGL) Paints Picasso for Far Higher Levels
Titan has been shaping up into a really nice win for OTC Journal fans. $.85 a year ago, $2 today. You'll never go broke logging those kinds of returns.
I've trotted out the picture I used in the orginal presentation- what does Angelina Jolie have to do with TTGL? Nothing- here's the point- numbers can be sexy for investors. This company is starting to generate Angelina Jolie type sexy numbers.
For those of you who need a refresher course on this story, TTGL used to be primarily in the PCB (printed circuit boards) business. They were not good at making money. For many years, the stock floundered and the company engaged in a number of bone headed toxic financings.
All that changed in the last 18 months with the acquisition of Oblio Telecom. This company sells over 30 million phone cards annually to "first generation" Americans. These are the working class folks in the Southern US who's first language is Spanish. These hard workers send a lot of money back to their families in all parts of Latin America.
So, where you originally had a company doing about $15 million a year in revs and losing money, all of a sudden you have a company challenging $150 million a year in revs and making money. Is it any wonder the stock has been more than a double for us in the last year?
Management decided acquiring profitable companies through leveraged buy outs was a lot of fun. The stock more than doubled, they bought back 1 million shares out of the open market with their positive cash flow, and we were running on all 8 cyclinders. So, why not get a car with 12 cylinders? More like a fleet of cars now.
They went on another buying spree, this time setting their sites higher. Appalachian Oil, boasting over $400 million in annual revenues now falls under the TTGL Umbrella. Then USA Detergent joins the TTGL family. All in the last month. This company is becoming a mini Berkshire Hathaway ala Warren Buffet.
TTGL has closed these two major acquisitions in the last month, but no one has a really good picture of how the company is functioning all inclusive today. Post close, TTGL cleared up the picture, and now investors will have a much better idea.
Here's the scoop- TTGL is now a company that feels it can deliver $747 million in fiscal '08 (starting December 1, 2007). Furthermore, the company is forecasting earnings in the $15 to $17.5 million range, which equates to EPS of $.24 to $.28. This is up from a company annuallizing at $150 million in revs prior to the last two acquisitions.
My expectations- there will, of course, be a bunch of non cash funny money derivative charges to earnings. However- the most important part of the company's financial condition- cash flow- will be very robust. In short, they will be taking in a lot more money than they are spending, which should lead to a much higher stock valuation at some point in the future.
Here's the chart, and here's what I find interesting about it. I believe stocks often have personalities- like people, there are patterns or behaviors that repeat themselves.
Throughout the first half of 2007 TTGL butted up against $1.40 three times without getting through convincingly. Each time the stock was rebuffed and disappointed shareholders. Once it finally broke through, it scampered up to $2.20 in pretty short order.
As you can see from the chart, the stock has now butted up against $2.20 three times. What's going to happen when it tries for the 4th time? I don't know for sure, but if history repeats itself it could break out.
I believe this stock could easily be headed for $4. The company has already applied for a NASDAQ listing, and might very well achieve the upgrade sometime in 2008.
To date, we needed a little patience to achieve more than a double in the first year of coverage. The second year could very well be much better.
Here is the complete text of today's news for your review, and it gives you great deal of information about the status of the company:
Die ersten Analysten melden sich mit Kurszielen zu Wort:
http://biz.yahoo.com/pz/071018/129007.html
Schau mer mal
SmallCap Sentinel: Reading Into Revenues
Thursday October 18, 6:00 am ET
IRVINE, Calif., Oct. 18, 2007 (PRIME NEWSWIRE) -- ``As companies release revenues, often times a deeper look gives insight into the company's fortunes present and future,'' stated SmallCap Sentinel analyst D.R. Clark. ``This may well be the case for Titan Global Holdings, Inc. (OTC BB:TTGL.OB - News) which announced record earnings guidance for Fiscal 2008. What is most interesting is that an industry comparison finds peers trading at an average of 20 times earnings. Even a more conservative 15 times earnings -- just slightly higher than Titan Global's current price/earnings ratio -- would give Titan a $3.60 to $4.20 share price based on this 2008 fiscal year end earnings guidance.''
An informational report featuring Titan and issues important to investors of Colgate-Palmolive (NYSE:CL - News), Procter & Gamble (NYSE:PG - News), and The Clorox company (NYSE:CLX - News) is available at http://stockupticks.com/profiles/8-8-07.html
``This speculative math is head-turning to say the least,'' Clark concluded. ``Investors would be well-served to put this company on their radar and follow their progress. The guidance of in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share itself merits that.''
For more information, please visit: http://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 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.
Titan Global Holdings, Inc. is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets, energy and advanced technologies. For more information, please visit: http://www.titanglobalholdings.com.
Individuals may register to receive future reports at: http://stockupticks.com/register.html.
To have your company featured in StockUpTicks.com or SmallCap Sentinel please use the contact information below.
For more D.R. Clark perspective visit http://www.ClarkReport.com
http://biz.yahoo.com/pz/071018/129007.html
Schau mer mal
SmallCap Sentinel: Reading Into Revenues
Thursday October 18, 6:00 am ET
IRVINE, Calif., Oct. 18, 2007 (PRIME NEWSWIRE) -- ``As companies release revenues, often times a deeper look gives insight into the company's fortunes present and future,'' stated SmallCap Sentinel analyst D.R. Clark. ``This may well be the case for Titan Global Holdings, Inc. (OTC BB:TTGL.OB - News) which announced record earnings guidance for Fiscal 2008. What is most interesting is that an industry comparison finds peers trading at an average of 20 times earnings. Even a more conservative 15 times earnings -- just slightly higher than Titan Global's current price/earnings ratio -- would give Titan a $3.60 to $4.20 share price based on this 2008 fiscal year end earnings guidance.''
An informational report featuring Titan and issues important to investors of Colgate-Palmolive (NYSE:CL - News), Procter & Gamble (NYSE:PG - News), and The Clorox company (NYSE:CLX - News) is available at http://stockupticks.com/profiles/8-8-07.html
``This speculative math is head-turning to say the least,'' Clark concluded. ``Investors would be well-served to put this company on their radar and follow their progress. The guidance of in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share itself merits that.''
For more information, please visit: http://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 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.
Titan Global Holdings, Inc. is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets, energy and advanced technologies. For more information, please visit: http://www.titanglobalholdings.com.
Individuals may register to receive future reports at: http://stockupticks.com/register.html.
To have your company featured in StockUpTicks.com or SmallCap Sentinel please use the contact information below.
For more D.R. Clark perspective visit http://www.ClarkReport.com
Antwort auf Beitrag Nr.: 32.063.193 von new_investor am 18.10.07 12:17:52Sieht so aus, als hätten das VIIIEEELLLEE gelesen !!!
Aktuell +16% - so kann's weitergehen
Viele Grüße an alle investierten
Aktuell +16% - so kann's weitergehen
Viele Grüße an alle investierten
Antwort auf Beitrag Nr.: 32.063.193 von new_investor am 18.10.07 12:17:52So positiv, wie ich für TTGL gestimmt bin,
so schlecht ist diese Empfehlung. Bezahlte Schreiberlinge pushen das Ding jetzt auf den 4 USD Nasdaq Entry. Keine schöne Sache. Aber wenns hilft...
Deswegen hier auch noch der Anhang zu der Empfehlung:
MP has been paid $1,500 by Trilogy Capital on behalf of TTGL for preparation and distribution of this report and other advertising services. Additionally, MP and/or its affiliates, associates and employees from time to time may have either a long or short position in any securities mentioned. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding subject companies.
GLTY
Torte
so schlecht ist diese Empfehlung. Bezahlte Schreiberlinge pushen das Ding jetzt auf den 4 USD Nasdaq Entry. Keine schöne Sache. Aber wenns hilft...
Deswegen hier auch noch der Anhang zu der Empfehlung:
MP has been paid $1,500 by Trilogy Capital on behalf of TTGL for preparation and distribution of this report and other advertising services. Additionally, MP and/or its affiliates, associates and employees from time to time may have either a long or short position in any securities mentioned. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding subject companies.
GLTY
Torte
Antwort auf Beitrag Nr.: 32.067.809 von Torte11 am 18.10.07 16:56:50Da stimme ich mit dir ueberein. Bin auch sehr positiv eingestellt und ueber das Tempo, das Titan vorlegt, begeistert, aber die earnings guidance ueberzeugt mich nicht. Was fuer earnings sind das? net earnings, EBITDA ??
Falls es EBITDA ist, waere das eine Enttaeuschung, weil TTGL schon fuer dieses Jahr 17,5 MUSD EBITDA vorhergesagt hatte. Dementsprechend duerfte dei Rentabilitaet von Appco extrem niedrig sein. Heisst aber auch, dass viel "room for improvement" vorhanden ist.
Bevor wir das wirklich beurteilen koennen, brauchen wir noch mehr Details bzgl. der earnings und auch dieser Ausschnitt ist wichtig:
The projected operating earnings exclude expenses and income related to the valuation of derivative financial instruments such as stock warrants and convertible debt instruments
Wann werden sie endlich dieses toxische debt los sein? Das sorgt einfach dafuer, dass die Zahlen schlecht vergleichbar sind und fuer extreme Schwankungen in den Quartalsergebnissen.
So, genug gemeckert, jetzt freue ich mich lieber ueber den schoenen Kursverlauf heute. Wollen wir mal hoffen, dass wir die 2,20 USD heute endgueltig knacken.
PS: Habe immer noch keine Antwort von Trilogy bekommen, habe aber bei raging bull die email Adresse von Bryan Chance gesehen. Werde den am WE mal anschreiben bzgl. earnings.
HH
Falls es EBITDA ist, waere das eine Enttaeuschung, weil TTGL schon fuer dieses Jahr 17,5 MUSD EBITDA vorhergesagt hatte. Dementsprechend duerfte dei Rentabilitaet von Appco extrem niedrig sein. Heisst aber auch, dass viel "room for improvement" vorhanden ist.
Bevor wir das wirklich beurteilen koennen, brauchen wir noch mehr Details bzgl. der earnings und auch dieser Ausschnitt ist wichtig:
The projected operating earnings exclude expenses and income related to the valuation of derivative financial instruments such as stock warrants and convertible debt instruments
Wann werden sie endlich dieses toxische debt los sein? Das sorgt einfach dafuer, dass die Zahlen schlecht vergleichbar sind und fuer extreme Schwankungen in den Quartalsergebnissen.
So, genug gemeckert, jetzt freue ich mich lieber ueber den schoenen Kursverlauf heute. Wollen wir mal hoffen, dass wir die 2,20 USD heute endgueltig knacken.
PS: Habe immer noch keine Antwort von Trilogy bekommen, habe aber bei raging bull die email Adresse von Bryan Chance gesehen. Werde den am WE mal anschreiben bzgl. earnings.
HH
Antwort auf Beitrag Nr.: 32.068.706 von HHtrader am 18.10.07 17:41:42HH trader,
Danke für die Mühe. Verfolgst Du den CC ? Soll ja seit einer halben Stunde laufen. Hier wäre die Möglichkeit, Deine Fragen eventuell zu platzieren.
Gut, daß Du die earnings guidance angesprochen hast. Ich frage mich, welches KGV man einem Wert mit 2%iger Umsatzrentabilität einräumen kann. New_Investor hat da ja mal Szenarien aufgestellt. Ein KGV von 15 finde ich hier bereits sehr ambitioniert, da man (leider) zunächst nur über Umsatz wächst, nicht aber in der Profitabilität. Die net earnings könnten unter Berücksichtigung der interests noch erheblich schlechter ausfallen. Und warum rechnen sie kein Szenario für die financial instruments ? Annahme genügt.
Fragen über Fragen.
Gruß
torte
Danke für die Mühe. Verfolgst Du den CC ? Soll ja seit einer halben Stunde laufen. Hier wäre die Möglichkeit, Deine Fragen eventuell zu platzieren.
Gut, daß Du die earnings guidance angesprochen hast. Ich frage mich, welches KGV man einem Wert mit 2%iger Umsatzrentabilität einräumen kann. New_Investor hat da ja mal Szenarien aufgestellt. Ein KGV von 15 finde ich hier bereits sehr ambitioniert, da man (leider) zunächst nur über Umsatz wächst, nicht aber in der Profitabilität. Die net earnings könnten unter Berücksichtigung der interests noch erheblich schlechter ausfallen. Und warum rechnen sie kein Szenario für die financial instruments ? Annahme genügt.
Fragen über Fragen.
Gruß
torte
Titan Global Holdings Initiates Strategic Plan to Divest Printed Circuit Board Manufacturing Units
Friday October 19, 9:00 am ET
Spin-off Designed to Unlock Full Value of PCB Units to Increase Titan's Strategic Transaction Flow and Accelerate New Acquisitions
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today re-affirmed the Company’s definitive strategic plan to spin out Titan’s Printed Circuit Board manufacturing units (“Titan PCB”) to its shareholders, as approved last January. In addition, Titan is exploring the optional merger of Titan PCB into a synergistic public electronics company wherein Titan will become a shareholder in such company.
ADVERTISEMENT
While the strategic plan to spin out Titan PCB was approved in January of this year, the fulfillment of this plan was delayed while Titan focused on completion of its recent acquisitions and on the formation of Titan Energy Group and Titan Global Brands.
The spin-off or merger will allow the Company to accelerate strategic transaction flow at all remaining divisions, which the Company believes will significantly build overall shareholder value. Titan is pursuing both options on a parallel course and will make a decision by October 31, 2007, on its preferred plan.
According to Management, a spin-off would be accomplished through the pro rata dividend of 100% of Titan PCB, a wholly-owned subsidiary of Titan, to all shareholders of record on the record date set by Titan. The Company would make appropriate filings with the Securities and Exchange Commission and expects the spin-off could be completed during the Company's 2008 fiscal year.
A merger would be accomplished through the issuance of stock to Titan in a synergistic public electronics company in exchange for 100% of the outstanding stock of Titan PCB. Under this approach, Titan could, over time, monetize its owned stock through the sale of such shares in the open market. Alternatively, Titan could distribute these shares to its shareholders consistent with Securities and Exchange Commission rules.
Under either plan, Titan would retain its Communications Division, Titan Energy Group, and Titan Global Brands units. Titan recently issued revenue guidance for fiscal 2008 that includes Titan PCB’s expected $30 million contribution to the Company’s stated overall revenue guidance of between $735 million and $747 million for fiscal 2008. In addition, this week Titan issued initial earnings guidance for fiscal year 2008 in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share.
"As stated previously, after considerable consultation with our strategic investors and professionals, Titan's Board concluded that the aggregate value of Titan's 'PCB parts' were more valuable separately or through a merger with a synergistic company than through its existing structure within Titan Global Holdings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "This strategic initiative is designed to maximize shareholder value and facilitate the ability of each unit to grow organically and through strategic acquisitions."
Titan's PCB division includes PCB East and PCB West. These companies specialize in the manufacturing of advanced circuit boards and other high-tech products for military and high-tech clients, such as Textron, generating record revenues in 2006. Titan's PCB East holds the highly coveted 31032 manufacturing certification from the U.S. Department of Defense.
Titan PCB grew to $20 million in revenue in fiscal 2006 and $17 million in revenue in its three quarters of fiscal 2007. Titan PCB is poised to continue its organic growth. As an independent public company, or as part of a synergistic electronics company, additionally, Titan PCB could more efficiently execute on ongoing strategic acquisition opportunities in its space. Titan’s strategic investors have identified additional available private companies in the electronic space that would add synergistic scale to this independent public electronics company.
"In our view Titan PCB has contributed little to our current market valuation. This approach is designed to unlock the value of this division for the benefit of Titan’s shareholders," said David Marks, Chairman of Titan Global Holdings. “This strategic plan will enable each company to accelerate their individual synergistic plans for organic and strategic growth."
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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.
Friday October 19, 9:00 am ET
Spin-off Designed to Unlock Full Value of PCB Units to Increase Titan's Strategic Transaction Flow and Accelerate New Acquisitions
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today re-affirmed the Company’s definitive strategic plan to spin out Titan’s Printed Circuit Board manufacturing units (“Titan PCB”) to its shareholders, as approved last January. In addition, Titan is exploring the optional merger of Titan PCB into a synergistic public electronics company wherein Titan will become a shareholder in such company.
ADVERTISEMENT
While the strategic plan to spin out Titan PCB was approved in January of this year, the fulfillment of this plan was delayed while Titan focused on completion of its recent acquisitions and on the formation of Titan Energy Group and Titan Global Brands.
The spin-off or merger will allow the Company to accelerate strategic transaction flow at all remaining divisions, which the Company believes will significantly build overall shareholder value. Titan is pursuing both options on a parallel course and will make a decision by October 31, 2007, on its preferred plan.
According to Management, a spin-off would be accomplished through the pro rata dividend of 100% of Titan PCB, a wholly-owned subsidiary of Titan, to all shareholders of record on the record date set by Titan. The Company would make appropriate filings with the Securities and Exchange Commission and expects the spin-off could be completed during the Company's 2008 fiscal year.
A merger would be accomplished through the issuance of stock to Titan in a synergistic public electronics company in exchange for 100% of the outstanding stock of Titan PCB. Under this approach, Titan could, over time, monetize its owned stock through the sale of such shares in the open market. Alternatively, Titan could distribute these shares to its shareholders consistent with Securities and Exchange Commission rules.
Under either plan, Titan would retain its Communications Division, Titan Energy Group, and Titan Global Brands units. Titan recently issued revenue guidance for fiscal 2008 that includes Titan PCB’s expected $30 million contribution to the Company’s stated overall revenue guidance of between $735 million and $747 million for fiscal 2008. In addition, this week Titan issued initial earnings guidance for fiscal year 2008 in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share.
"As stated previously, after considerable consultation with our strategic investors and professionals, Titan's Board concluded that the aggregate value of Titan's 'PCB parts' were more valuable separately or through a merger with a synergistic company than through its existing structure within Titan Global Holdings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "This strategic initiative is designed to maximize shareholder value and facilitate the ability of each unit to grow organically and through strategic acquisitions."
Titan's PCB division includes PCB East and PCB West. These companies specialize in the manufacturing of advanced circuit boards and other high-tech products for military and high-tech clients, such as Textron, generating record revenues in 2006. Titan's PCB East holds the highly coveted 31032 manufacturing certification from the U.S. Department of Defense.
Titan PCB grew to $20 million in revenue in fiscal 2006 and $17 million in revenue in its three quarters of fiscal 2007. Titan PCB is poised to continue its organic growth. As an independent public company, or as part of a synergistic electronics company, additionally, Titan PCB could more efficiently execute on ongoing strategic acquisition opportunities in its space. Titan’s strategic investors have identified additional available private companies in the electronic space that would add synergistic scale to this independent public electronics company.
"In our view Titan PCB has contributed little to our current market valuation. This approach is designed to unlock the value of this division for the benefit of Titan’s shareholders," said David Marks, Chairman of Titan Global Holdings. “This strategic plan will enable each company to accelerate their individual synergistic plans for organic and strategic growth."
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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.
Press Release Source: Trilogy Capital Partners
Titan Global Holdings Announces Expansion of Titan Wireless Operations
Monday October 22, 3:30 am ET
Wireless Expansion Necessitated by Sustained Organic Growth and Recent Strategic Distribution Agreement
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (“Titan”) (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that Titan Wireless Inc., a unit of Titan’s Communication Division, has expanded its Iowa based MVNO fulfillment facilities to accommodate sustained organic growth and to support is recently announced distribution agreement with a national retail chain to distribute more than 36,000 Ready Mobile-branded PCS handsets. Accordingly, the Company has exercised its option to occupy adjacent space and expanded its fulfillment operations.
These developments further validate the Company's high-growth business strategy focused on generating revenues from trusted wireless brand products through a retail distribution system that now reaches more than 86,000 locations.
“Titan Wireless through its well-known and trusted brands has built a reputation of operational excellence with our retail partners,” said Dennis Henderson, President of Titan Wireless. “This expansion underscores our absolute commitment to maintaining on-time, accurate fulfillment of our retailer needs. The added capacity ensures the ability to keep pace as the sales team responds to demand.”
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost-effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues, in May, 2007.
“Dennis and his team are executing on a sound strategy,” said Kurt Jensen, President and Chief Executive Officer of Titan Communications. “This is encouraging and welcome news on the heels of some recent high profile struggles in the MVNO space. While many MVNO players have failed, we have proven to retailers to have a sound strategy which is sustainable. We are beginning to harvest the fruits of our wireless model.”
Titan recently issued revenue guidance for fiscal 2008 that includes Titan Wireless' expected $23.5 million contribution to the Company's stated overall revenue guidance of between $735 and $747 million for fiscal 2008.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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, 800-592-6067
ryon@trilogy-capital.com
--------------------------------------------------------------------------------
Source: Trilogy Capital Partners
Titan Global Holdings Announces Expansion of Titan Wireless Operations
Monday October 22, 3:30 am ET
Wireless Expansion Necessitated by Sustained Organic Growth and Recent Strategic Distribution Agreement
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (“Titan”) (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that Titan Wireless Inc., a unit of Titan’s Communication Division, has expanded its Iowa based MVNO fulfillment facilities to accommodate sustained organic growth and to support is recently announced distribution agreement with a national retail chain to distribute more than 36,000 Ready Mobile-branded PCS handsets. Accordingly, the Company has exercised its option to occupy adjacent space and expanded its fulfillment operations.
These developments further validate the Company's high-growth business strategy focused on generating revenues from trusted wireless brand products through a retail distribution system that now reaches more than 86,000 locations.
“Titan Wireless through its well-known and trusted brands has built a reputation of operational excellence with our retail partners,” said Dennis Henderson, President of Titan Wireless. “This expansion underscores our absolute commitment to maintaining on-time, accurate fulfillment of our retailer needs. The added capacity ensures the ability to keep pace as the sales team responds to demand.”
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost-effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues, in May, 2007.
“Dennis and his team are executing on a sound strategy,” said Kurt Jensen, President and Chief Executive Officer of Titan Communications. “This is encouraging and welcome news on the heels of some recent high profile struggles in the MVNO space. While many MVNO players have failed, we have proven to retailers to have a sound strategy which is sustainable. We are beginning to harvest the fruits of our wireless model.”
Titan recently issued revenue guidance for fiscal 2008 that includes Titan Wireless' expected $23.5 million contribution to the Company's stated overall revenue guidance of between $735 and $747 million for fiscal 2008.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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, 800-592-6067
ryon@trilogy-capital.com
--------------------------------------------------------------------------------
Source: Trilogy Capital Partners
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings' Oblio Telecom Division Announces Launch of Four New Products Targeting Lucrative Latin-American Market
Tuesday October 23, 3:30 am ET
Company Continues to Expand Market Share and Improve Margins with New International Long Distance Products Powered Starttalk Division
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (“Titan”) (OTCBB:TTGL), a high-growth diversified holding company, announced today that the Company’s Oblio Telecom division, a unit of Titan Communications and the second largest publicly traded prepaid calling card company, has launched four additional brand-name prepaid calling card products targeting the ever-expanding Latin-American market. The products, which will be powered by the Company’s Starttalk division, will capitalize on the Company’s ongoing strategic mission to continue to expand internal network operations to increase reach, improve margins and generate additional revenues from the burgeoning immigrant market.
The two new brand-name products that Titan will launch this week are Obliotel Mexico and ToDo MX. The other two products will be launched under private labels, which the Company isn’t identifying at this time due to competitive reasons.
“Our Communication’s division is exploiting unique opportunities to respond to changing market conditions in a rapid fashion as an integrated network operator,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “We will continue to work closely with our distribution channels and customers to quickly develop and deploy trusted products to market. Based on the economies of scale in our Starttalk division, these incremental revenues will provide increased shareholder returns as we accelerate planned launches in the coming weeks and months.”
Starttalk, Inc., a unit of Titan’s Communication Division, owns, leases and operates switching equipment that terminates international long distance calls. Titan’s customers access Starttalk equipment directly to complete international long distance calls. Starttalk has strategic agreements with wholesale carriers to terminate customer calls in a high quality, cost effective manner.
“We are always looking to expand our reach into vibrant markets with high growth opportunities,” said Kurt Jensen, President of Titan Communications Division. “Our legacy Hello Asia brand terminates significant traffic to Southeast Asia and our legacy Picante brand terminates heavy traffic to Latin markets. The launch of these new products will help balance termination traffic and generate incremental revenues in new targeted markets. The launch of these products marks the beginning of a new product push of prepaid phone cards which will expand our product portfolio and reach a larger consumer base of first and second generation Americans.”
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries capitalizing on multi-billion dollar worldwide markets spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, Starttalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 major brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 Reform 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 rates 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.
Titan Global Holdings' Oblio Telecom Division Announces Launch of Four New Products Targeting Lucrative Latin-American Market
Tuesday October 23, 3:30 am ET
Company Continues to Expand Market Share and Improve Margins with New International Long Distance Products Powered Starttalk Division
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (“Titan”) (OTCBB:TTGL), a high-growth diversified holding company, announced today that the Company’s Oblio Telecom division, a unit of Titan Communications and the second largest publicly traded prepaid calling card company, has launched four additional brand-name prepaid calling card products targeting the ever-expanding Latin-American market. The products, which will be powered by the Company’s Starttalk division, will capitalize on the Company’s ongoing strategic mission to continue to expand internal network operations to increase reach, improve margins and generate additional revenues from the burgeoning immigrant market.
The two new brand-name products that Titan will launch this week are Obliotel Mexico and ToDo MX. The other two products will be launched under private labels, which the Company isn’t identifying at this time due to competitive reasons.
“Our Communication’s division is exploiting unique opportunities to respond to changing market conditions in a rapid fashion as an integrated network operator,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “We will continue to work closely with our distribution channels and customers to quickly develop and deploy trusted products to market. Based on the economies of scale in our Starttalk division, these incremental revenues will provide increased shareholder returns as we accelerate planned launches in the coming weeks and months.”
Starttalk, Inc., a unit of Titan’s Communication Division, owns, leases and operates switching equipment that terminates international long distance calls. Titan’s customers access Starttalk equipment directly to complete international long distance calls. Starttalk has strategic agreements with wholesale carriers to terminate customer calls in a high quality, cost effective manner.
“We are always looking to expand our reach into vibrant markets with high growth opportunities,” said Kurt Jensen, President of Titan Communications Division. “Our legacy Hello Asia brand terminates significant traffic to Southeast Asia and our legacy Picante brand terminates heavy traffic to Latin markets. The launch of these new products will help balance termination traffic and generate incremental revenues in new targeted markets. The launch of these products marks the beginning of a new product push of prepaid phone cards which will expand our product portfolio and reach a larger consumer base of first and second generation Americans.”
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries capitalizing on multi-billion dollar worldwide markets spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, Starttalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 major brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 Reform 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 rates 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.
TITAN GLOBAL HOLDINGS
Titan Global Holdings Presents Transcript of Latest Investor Conference Call Detailing Recently Issued Earnings Guidance for Fiscal 2008
10/24/2007
CEO Discusses Record Guidance of Approximately $0.24 to $0.28 Per
Share, Acquisition of USAD and $7.2 million Gain from AT&T Settlement
DALLAS, Oct 24, 2007 (BUSINESS WIRE) --
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, invites investors to view a transcript and audiocast of the Company's recent investor conference call, during which Chief Executive Officer, Bryan Chance details the Company's recent strategic achievements, including the acquisition of USA Detergents and a one-time gain of $7.2 million from a settlement with AT&T, as well as recently announced initial earnings guidance for fiscal year 2008 in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share.
"After we closed the USAD acquisition, our expansive and overlapping distribution network will now reach more than 86,000 domestic retail locations and 175 international locations," said Mr. Chance during the conference call. "That means for our shareholders, our management team and most importantly, our customers, we can begin offering a suite of... over 100 trusted brands that represent goods and services in communications, money transfer, personal care, laundry... in the United States and international points."
Mr. Chance also discussed Titan's record projected earnings growth, which is a direct result of the Company's aggressive acquisition strategy and high-growth business model that has recently resulted in the acquisition of Appalachian Oil Company and USA Detergents, as well as the launches of Titan Global Energy, Titan Global Brands and Titan Card Services in fiscal 2007.
"When you look at Titan and where Titan has been over the past four years, I believe the past is the best predictor of the future," said Mr. Chance. "If you look at Titan from a revenue perspective in 2004, Titan had global sales of $16 million, 2005 global sales of $22 million, fiscal 2006 global sales of $109 million. 2007 which we will publish in our annual report at the end of November will have increasing annual sales and we projected annual sales for fiscal 2008 between $735 million and $747 million."
To read the entire transcript please visit http://www.trilogy-capital.com/tcp/titan/." target="_blank" rel="nofollow ugc noopener">http://www.trilogy-capital.com/tcp/titan/.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan's operating divisions include the following:
Titan's Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan's worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan's Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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 Reform 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 rates 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.
SOURCE: Titan Global Holdings, Inc.
Trilogy Capital Partners Financial Communications: Ryon Harms, Toll-free: 800-592-6067 ryon@trilogy-capital.com
Copyright Business Wire 2007
Titan Global Holdings Presents Transcript of Latest Investor Conference Call Detailing Recently Issued Earnings Guidance for Fiscal 2008
10/24/2007
CEO Discusses Record Guidance of Approximately $0.24 to $0.28 Per
Share, Acquisition of USAD and $7.2 million Gain from AT&T Settlement
DALLAS, Oct 24, 2007 (BUSINESS WIRE) --
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, invites investors to view a transcript and audiocast of the Company's recent investor conference call, during which Chief Executive Officer, Bryan Chance details the Company's recent strategic achievements, including the acquisition of USA Detergents and a one-time gain of $7.2 million from a settlement with AT&T, as well as recently announced initial earnings guidance for fiscal year 2008 in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share.
"After we closed the USAD acquisition, our expansive and overlapping distribution network will now reach more than 86,000 domestic retail locations and 175 international locations," said Mr. Chance during the conference call. "That means for our shareholders, our management team and most importantly, our customers, we can begin offering a suite of... over 100 trusted brands that represent goods and services in communications, money transfer, personal care, laundry... in the United States and international points."
Mr. Chance also discussed Titan's record projected earnings growth, which is a direct result of the Company's aggressive acquisition strategy and high-growth business model that has recently resulted in the acquisition of Appalachian Oil Company and USA Detergents, as well as the launches of Titan Global Energy, Titan Global Brands and Titan Card Services in fiscal 2007.
"When you look at Titan and where Titan has been over the past four years, I believe the past is the best predictor of the future," said Mr. Chance. "If you look at Titan from a revenue perspective in 2004, Titan had global sales of $16 million, 2005 global sales of $22 million, fiscal 2006 global sales of $109 million. 2007 which we will publish in our annual report at the end of November will have increasing annual sales and we projected annual sales for fiscal 2008 between $735 million and $747 million."
To read the entire transcript please visit http://www.trilogy-capital.com/tcp/titan/." target="_blank" rel="nofollow ugc noopener">http://www.trilogy-capital.com/tcp/titan/.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan's operating divisions include the following:
Titan's Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan's worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan's Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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 Reform 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 rates 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.
SOURCE: Titan Global Holdings, Inc.
Trilogy Capital Partners Financial Communications: Ryon Harms, Toll-free: 800-592-6067 ryon@trilogy-capital.com
Copyright Business Wire 2007
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings' Energy Division Affirms Milestone Biofuels Agreement with Global Industry Leader Tate & Lyle
Wednesday October 24, 4:10 pm ET
Agreement Expands Titan Energy's Access to Lower Cost Ethanol as Company Launches Environmentally Friendly Product Lines and Revenue Channels in Burgeoning Alternative Energy Sector
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (Titan) (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that Appalachian Oil Company (“Appco”), a unit of Titan Global Energy, has affirmed a milestone agreement with leading international ethanol manufacturer Tate & Lyle to supply significantly increased quantities of Ethanol at reduced price levels for calendar 2008.
The agreement is a foundational achievement in Titan’s strategic plan to source and distribute biofuels to address the fast-growing demand for newer, more environmentally friendly fuel sources. As the nation increases its consumption of ethanol and other biofuels, Titan believes its supply agreement with Tate & Lyle will significantly advance the Company’s efforts to establish secure sources of such biofuels and a higher margin product channel.
Upon Titan’s acquisition of Appco, Appco and Refuel America, Inc. (“Refuel”) completed a definitive biofuel supply agreement. Refuel’s product line includes domestic and internationally produced and environmentally friendly alternative fuels. Refuel’s supply of biofuels to Appco will be complementary to those of Tate & Lyle.
Titan recently formed Titan Energy to pursue the acquisition and management of complementary energy sector assets. Appco, the division’s first acquisition, is a Blountville, Tennessee-based energy company that owns and operates an extensive petroleum product distribution network.
Tate & Lyle, based in London, is one of the world’s leading manufacturers of renewable food and industrial ingredients, with approximately $6 billion in annual revenues.
This agreement is the latest execution of the strategic vision set forth by Titan Energy to expand its biofuel product lines and revenues through strategic agreements and acquisitions. These agreements are expected to enhance Titan’s core profitability at wholesale and retail distribution, as well as further Titan Global Holdings’ mission and commitment to environmental responsibility across its various divisions and business units.
Tate & Lyle uses innovative technology to transform corn and sugar into value-added ingredients for customers in the food, beverage, pharmaceutical, cosmetic, paper, packaging, and building industries.
Titan Energy has and will continue to capitalize on initiatives within the energy sector that can provide significant opportunities for revenue and earnings growth. Titan is seeking acquisitions to complement Appco's existing retail and wholesale distribution footprint, which currently reaches more than 160 petroleum and fuel product dealers in the southeastern United States, along with its 56 convenience store locations.
“During our due diligence of Appco, the management team laid out its strategic vision for the future of the industry,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “The second strategic objective for Titan Energy was to preserve and expand the supply of biofuels products through strategic agreements that would enhance core profitability at the wholesale and retail distribution levels. With this milestone agreement, we have begun to fulfill these objectives.”
“Randall Tankersley and our supply chain team did an outstanding job over the last six months of expanding our relationship with Tate & Lyle and solidifying our access to these important biofuels,” said Marty Anderson, President and Chief Executive Officer of Appalachian Oil Company. “Our biofuel agreements will fortify our position as a leading renewable energy provider in the southeast United States. Additionally, increased access to these biofuels will enhance our sales efforts as we are diligently adding dealer accounts in our existing markets and new markets as well.”
Last week Titan issued updated revenue and earnings guidance for fiscal 2008. Titan Global Energy is expected to contribute $433 million to Titan’s stated overall revenue guidance with a range of $735 to $747 Million for fiscal 2008.
Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenient store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
Appco's strong revenue base and storied 84-year history provides Titan with an ideal platform company for further expansion of its energy efforts. Furthermore, Appco's management team has more than 125 years experience in the petroleum and convenience store industry. Titan will preserve and leverage Appco's industry-leading management team.
About Tate & Lyle
Tate & Lyle is a world leading manufacturer of renewable food and industrial ingredients. It uses innovative technology to transform corn and sugar into value-added ingredients for customers in the food, beverage, pharmaceutical, cosmetic, paper, packaging and building industries. The Company is a leader in cereal sweeteners and starches, sugar refining, value added food and industrial ingredients, and citric acid. Tate & Lyle is the world number-one in industrial starches and is the sole manufacturer of SPLENDA® Sucralose.
Headquartered in London, Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. In the US, its ADRs trade under TATYY. The Company operates more than 50 production facilities throughout Europe, the Americas and South East Asia. In the year to 31 March 2007, it employed 6,900 people in its subsidiaries with a further 2,300 employed in joint ventures. Sales in the fiscal year ended 31 March 2007 totaled £4.0 billion. Additional information can be found on http://www.tateandlyle.com.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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.
Titan Global Holdings' Energy Division Affirms Milestone Biofuels Agreement with Global Industry Leader Tate & Lyle
Wednesday October 24, 4:10 pm ET
Agreement Expands Titan Energy's Access to Lower Cost Ethanol as Company Launches Environmentally Friendly Product Lines and Revenue Channels in Burgeoning Alternative Energy Sector
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (Titan) (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that Appalachian Oil Company (“Appco”), a unit of Titan Global Energy, has affirmed a milestone agreement with leading international ethanol manufacturer Tate & Lyle to supply significantly increased quantities of Ethanol at reduced price levels for calendar 2008.
The agreement is a foundational achievement in Titan’s strategic plan to source and distribute biofuels to address the fast-growing demand for newer, more environmentally friendly fuel sources. As the nation increases its consumption of ethanol and other biofuels, Titan believes its supply agreement with Tate & Lyle will significantly advance the Company’s efforts to establish secure sources of such biofuels and a higher margin product channel.
Upon Titan’s acquisition of Appco, Appco and Refuel America, Inc. (“Refuel”) completed a definitive biofuel supply agreement. Refuel’s product line includes domestic and internationally produced and environmentally friendly alternative fuels. Refuel’s supply of biofuels to Appco will be complementary to those of Tate & Lyle.
Titan recently formed Titan Energy to pursue the acquisition and management of complementary energy sector assets. Appco, the division’s first acquisition, is a Blountville, Tennessee-based energy company that owns and operates an extensive petroleum product distribution network.
Tate & Lyle, based in London, is one of the world’s leading manufacturers of renewable food and industrial ingredients, with approximately $6 billion in annual revenues.
This agreement is the latest execution of the strategic vision set forth by Titan Energy to expand its biofuel product lines and revenues through strategic agreements and acquisitions. These agreements are expected to enhance Titan’s core profitability at wholesale and retail distribution, as well as further Titan Global Holdings’ mission and commitment to environmental responsibility across its various divisions and business units.
Tate & Lyle uses innovative technology to transform corn and sugar into value-added ingredients for customers in the food, beverage, pharmaceutical, cosmetic, paper, packaging, and building industries.
Titan Energy has and will continue to capitalize on initiatives within the energy sector that can provide significant opportunities for revenue and earnings growth. Titan is seeking acquisitions to complement Appco's existing retail and wholesale distribution footprint, which currently reaches more than 160 petroleum and fuel product dealers in the southeastern United States, along with its 56 convenience store locations.
“During our due diligence of Appco, the management team laid out its strategic vision for the future of the industry,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “The second strategic objective for Titan Energy was to preserve and expand the supply of biofuels products through strategic agreements that would enhance core profitability at the wholesale and retail distribution levels. With this milestone agreement, we have begun to fulfill these objectives.”
“Randall Tankersley and our supply chain team did an outstanding job over the last six months of expanding our relationship with Tate & Lyle and solidifying our access to these important biofuels,” said Marty Anderson, President and Chief Executive Officer of Appalachian Oil Company. “Our biofuel agreements will fortify our position as a leading renewable energy provider in the southeast United States. Additionally, increased access to these biofuels will enhance our sales efforts as we are diligently adding dealer accounts in our existing markets and new markets as well.”
Last week Titan issued updated revenue and earnings guidance for fiscal 2008. Titan Global Energy is expected to contribute $433 million to Titan’s stated overall revenue guidance with a range of $735 to $747 Million for fiscal 2008.
Appco distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenient store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
Appco's strong revenue base and storied 84-year history provides Titan with an ideal platform company for further expansion of its energy efforts. Furthermore, Appco's management team has more than 125 years experience in the petroleum and convenience store industry. Titan will preserve and leverage Appco's industry-leading management team.
About Tate & Lyle
Tate & Lyle is a world leading manufacturer of renewable food and industrial ingredients. It uses innovative technology to transform corn and sugar into value-added ingredients for customers in the food, beverage, pharmaceutical, cosmetic, paper, packaging and building industries. The Company is a leader in cereal sweeteners and starches, sugar refining, value added food and industrial ingredients, and citric acid. Tate & Lyle is the world number-one in industrial starches and is the sole manufacturer of SPLENDA® Sucralose.
Headquartered in London, Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. In the US, its ADRs trade under TATYY. The Company operates more than 50 production facilities throughout Europe, the Americas and South East Asia. In the year to 31 March 2007, it employed 6,900 people in its subsidiaries with a further 2,300 employed in joint ventures. Sales in the fiscal year ended 31 March 2007 totaled £4.0 billion. Additional information can be found on http://www.tateandlyle.com.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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.
Antwort auf Beitrag Nr.: 27.594.401 von okieh66 am 10.02.07 22:00:34Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Appoints Industry Veteran Marty Anderson Chief Executive Officer of Appalachian Oil Company
Thursday October 25, 11:00 am ET
Company Solidifies Appco's Senior Management Team Following Recent Acquisition
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, today announced the appointment of Marty Anderson as Chief Executive Officer of Appalachian Oil Company (“Appco”), as well as the appointment of the energy division’s entire senior management team.
Appco is the first acquisition of the Company’s recently announced Titan Global Energy, which was formed to aggregate energy assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to complement Appco’s existing retail and wholesale distribution footprint.
Appco, formed in 1923 and based in Blountville, Tennessee, distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains longstanding partnerships with strategic terminal operators and major oil companies.
“Since joining Appco in 2001, Marty has been a driving force within the company,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “His leadership has been instrumental in growing Appco’s Retail Division, managing key partner relationships and positioning Appco to be a leading petroleum distribution brand in the markets it serves. Marty has earned the respect of the over 550 employees of Appco and he is the ideal candidate to lead Appco through what we plan to be an unprecedented period growth.”
Mr. Anderson will focus his efforts on continuing organic growth in existing markets as well as on expanding strategic partnerships and relationships to lead the Company’s mission to increase the number of biofuels products. As well, he will pursue strategic acquisitions that will expand Appco’s footprint and to vertically integrate its supply chain.
“It is an honor to take the reins of Appco from Jeff Benedict and Jim Maclean, two visionaries in petroleum distribution in the Southeast United States,” said Marty Anderson, Chief Executive Officer of Appalachian Oil Company. “I am thrilled with the opportunities in front of Appco. We have an industry proven management team, an aggressive strategic vision, and the strategic and financial support of Titan and its equity partners. I couldn’t be more excited.”
Last week Titan issued updated revenue and earnings guidance for fiscal 2008. Titan Global Energy is expected to contribute $433 million to Titan’s stated overall revenue guidance with a range of $735 to $747 Million for fiscal 2008.
Anderson joined Appco in 2001 where he served as Vice President of Marketing. He was named President of the Convenience Store Division in 2006 and was responsible for 56 company operated Convenience stores.
Mr. Chance was also pleased to announce the appointment of other vital members of the Appco senior management team, including:
Rick Jones as the President of Appco’s Retail Division, which operates Appco’s 56 convenience store locations. Mr. Jones is a 30 year veteran of the convenience store industry. In this role he was responsible for all operations in the convenience store division.
John Thomas, III as the President of the Sales and Marketing Division, which generates volume through wholesale contracts to supply fuel to over 160 dealer accounts in the Southeastern United States. Mr. Thomas is a former petroleum distributor who has more than 30 years’ experience in wholesale fuel distribution.
Ernestine Clark will be Senior Vice President of Finance. Mrs. Clark has over 40 years' experience in the petroleum distribution market with Appco. Mrs. Clark’s expertise includes finance, accounting, inventory control, federal and state tax reporting and information systems.
Debra Manis will be Senior Vice President of Finance. Mrs. Clark and Mrs. Manis will lead the Administration Division, which manages the accounting, human resources, and other administrative functions for the company. Mrs. Manis has over 22 years' experience in the petroleum distribution market with Appco.
“Appco’s seasoned management team provides a tremendous foundation for Titan Global Energy Group and our expanded plans in this sector,” said Bryan Chance. “I look forward to working with this dedicated group to enhance our shareholder value as we continue to generate positive returns and accelerate growth for our shareholders.”
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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.
Titan Global Holdings Appoints Industry Veteran Marty Anderson Chief Executive Officer of Appalachian Oil Company
Thursday October 25, 11:00 am ET
Company Solidifies Appco's Senior Management Team Following Recent Acquisition
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, today announced the appointment of Marty Anderson as Chief Executive Officer of Appalachian Oil Company (“Appco”), as well as the appointment of the energy division’s entire senior management team.
Appco is the first acquisition of the Company’s recently announced Titan Global Energy, which was formed to aggregate energy assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to complement Appco’s existing retail and wholesale distribution footprint.
Appco, formed in 1923 and based in Blountville, Tennessee, distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains longstanding partnerships with strategic terminal operators and major oil companies.
“Since joining Appco in 2001, Marty has been a driving force within the company,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “His leadership has been instrumental in growing Appco’s Retail Division, managing key partner relationships and positioning Appco to be a leading petroleum distribution brand in the markets it serves. Marty has earned the respect of the over 550 employees of Appco and he is the ideal candidate to lead Appco through what we plan to be an unprecedented period growth.”
Mr. Anderson will focus his efforts on continuing organic growth in existing markets as well as on expanding strategic partnerships and relationships to lead the Company’s mission to increase the number of biofuels products. As well, he will pursue strategic acquisitions that will expand Appco’s footprint and to vertically integrate its supply chain.
“It is an honor to take the reins of Appco from Jeff Benedict and Jim Maclean, two visionaries in petroleum distribution in the Southeast United States,” said Marty Anderson, Chief Executive Officer of Appalachian Oil Company. “I am thrilled with the opportunities in front of Appco. We have an industry proven management team, an aggressive strategic vision, and the strategic and financial support of Titan and its equity partners. I couldn’t be more excited.”
Last week Titan issued updated revenue and earnings guidance for fiscal 2008. Titan Global Energy is expected to contribute $433 million to Titan’s stated overall revenue guidance with a range of $735 to $747 Million for fiscal 2008.
Anderson joined Appco in 2001 where he served as Vice President of Marketing. He was named President of the Convenience Store Division in 2006 and was responsible for 56 company operated Convenience stores.
Mr. Chance was also pleased to announce the appointment of other vital members of the Appco senior management team, including:
Rick Jones as the President of Appco’s Retail Division, which operates Appco’s 56 convenience store locations. Mr. Jones is a 30 year veteran of the convenience store industry. In this role he was responsible for all operations in the convenience store division.
John Thomas, III as the President of the Sales and Marketing Division, which generates volume through wholesale contracts to supply fuel to over 160 dealer accounts in the Southeastern United States. Mr. Thomas is a former petroleum distributor who has more than 30 years’ experience in wholesale fuel distribution.
Ernestine Clark will be Senior Vice President of Finance. Mrs. Clark has over 40 years' experience in the petroleum distribution market with Appco. Mrs. Clark’s expertise includes finance, accounting, inventory control, federal and state tax reporting and information systems.
Debra Manis will be Senior Vice President of Finance. Mrs. Clark and Mrs. Manis will lead the Administration Division, which manages the accounting, human resources, and other administrative functions for the company. Mrs. Manis has over 22 years' experience in the petroleum distribution market with Appco.
“Appco’s seasoned management team provides a tremendous foundation for Titan Global Energy Group and our expanded plans in this sector,” said Bryan Chance. “I look forward to working with this dedicated group to enhance our shareholder value as we continue to generate positive returns and accelerate growth for our shareholders.”
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Announces Formation of Corporate M&A Department to Streamline and Fully Capitalize on Acquisition Opportunities
Friday October 26, 3:30 am ET
Communications Division CEO Kurt Jensen Promoted to Executive Vice President of Newly Formed Department
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (“Titan”) (OTCBB:TTGL - News), a high-growth diversified holding company, announced the formation of Titan Global Mergers & Acquisitions (Titan M&A) to enable the Company to effectively capitalize on new strategic opportunities by centralizing and streamlining all transactional acquisition and investment flow sourced from Titan’s various divisions, strategic investors and third party agents.
Kurt Jensen, current President and Chief Executive Officer of Titan Communication, has been promoted to lead Titan M&A as Executive Vice President. Until a permanent replacement is named for Mr. Jensen at Titan Communications, he will hold both positions.
Titan M&A will manage and expedite the merger, acquisition and business development investments for Titan and its various divisions. Mr. Jensen will form a financial team to support and assist in Titan M&A’s analysis of acquisition targets.
“Our divisional management is dedicated to the success of their own operational units and thus need additional resources to focus on such undertakings,” said David Marks, Chairman of Titan Global Holdings. “Further, many offerings are of a time-sensitive nature and include, but are not limited to, either the complete sale of a company, a direct minority type investment or our purchase of preferred or common stock company in such companies. Titan M&A will enable us to sift through opportunities in rapid fashion and more effectively capitalize on these potential acquisitions and opportunities. Equally important, Kurt himself has earned the respect and trust of our growing management teams, which will enable him to sort out synergistic opportunities and integrate them effectively into the Titan Global Holdings family.”
In spring, 2005, Mr. Jensen was responsible for introducing Oblio Telecom, Inc. (“Oblio”) to Crivello Group, LLC, the principals of which are Titan strategic investors. After the decision was made to transition Titan to a diversified holding company, Mr. Jensen was integral to the negotiation and completion of Titan’s acquisition of Oblio in August, 2005. Thereafter, Mr. Jensen filled various roles for Titan and was named President and Chief Executive Officer of Titan Communications in March, 2006. While there, Mr. Jensen was the lead architect of the expansion of Starttalk, Inc., a unit of Titan Communication focused on the development of owned and leased network communication assets.
"Stated simply, analyzing, negotiating, and acquiring synergistic units of incremental revenue and earnings by Titan Global Holdings will be Titan M&A’s strategic focus and objective," said Mr. Jensen. "Working in concert with Titan’s strategic investors, we are poised to analyze and exploit opportunities in the marketplace."
Mr. Jensen was also central to the discovery and pursuit of the recovery of federal excise taxes and universal service fees after Titan’s acquisition of Oblio. These lead to the recovery of millions of dollars from the United States Treasury and, as recently as last week, a multi-million dollar settlement with AT&T. Mr. Jensen was the lead negotiator in the strategic acquisition of Ready Mobile into Titan Wireless. On the organic growth side, Mr. Jensen was integral to the development of Titan Card Services, Inc.
"Kurt is a rare talent who has contributed enormously to the growth and financial success of Titan,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “Given the vital nature of Titan M&A’s mandate to our overall continued growth and success, Kurt is perfect to streamline our review and consideration of new acquisitions. His high level of familiarity with our divisions and each management team makes him uniquely qualified to lead Titan M&A."
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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.
Titan Global Holdings Announces Formation of Corporate M&A Department to Streamline and Fully Capitalize on Acquisition Opportunities
Friday October 26, 3:30 am ET
Communications Division CEO Kurt Jensen Promoted to Executive Vice President of Newly Formed Department
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (“Titan”) (OTCBB:TTGL - News), a high-growth diversified holding company, announced the formation of Titan Global Mergers & Acquisitions (Titan M&A) to enable the Company to effectively capitalize on new strategic opportunities by centralizing and streamlining all transactional acquisition and investment flow sourced from Titan’s various divisions, strategic investors and third party agents.
Kurt Jensen, current President and Chief Executive Officer of Titan Communication, has been promoted to lead Titan M&A as Executive Vice President. Until a permanent replacement is named for Mr. Jensen at Titan Communications, he will hold both positions.
Titan M&A will manage and expedite the merger, acquisition and business development investments for Titan and its various divisions. Mr. Jensen will form a financial team to support and assist in Titan M&A’s analysis of acquisition targets.
“Our divisional management is dedicated to the success of their own operational units and thus need additional resources to focus on such undertakings,” said David Marks, Chairman of Titan Global Holdings. “Further, many offerings are of a time-sensitive nature and include, but are not limited to, either the complete sale of a company, a direct minority type investment or our purchase of preferred or common stock company in such companies. Titan M&A will enable us to sift through opportunities in rapid fashion and more effectively capitalize on these potential acquisitions and opportunities. Equally important, Kurt himself has earned the respect and trust of our growing management teams, which will enable him to sort out synergistic opportunities and integrate them effectively into the Titan Global Holdings family.”
In spring, 2005, Mr. Jensen was responsible for introducing Oblio Telecom, Inc. (“Oblio”) to Crivello Group, LLC, the principals of which are Titan strategic investors. After the decision was made to transition Titan to a diversified holding company, Mr. Jensen was integral to the negotiation and completion of Titan’s acquisition of Oblio in August, 2005. Thereafter, Mr. Jensen filled various roles for Titan and was named President and Chief Executive Officer of Titan Communications in March, 2006. While there, Mr. Jensen was the lead architect of the expansion of Starttalk, Inc., a unit of Titan Communication focused on the development of owned and leased network communication assets.
"Stated simply, analyzing, negotiating, and acquiring synergistic units of incremental revenue and earnings by Titan Global Holdings will be Titan M&A’s strategic focus and objective," said Mr. Jensen. "Working in concert with Titan’s strategic investors, we are poised to analyze and exploit opportunities in the marketplace."
Mr. Jensen was also central to the discovery and pursuit of the recovery of federal excise taxes and universal service fees after Titan’s acquisition of Oblio. These lead to the recovery of millions of dollars from the United States Treasury and, as recently as last week, a multi-million dollar settlement with AT&T. Mr. Jensen was the lead negotiator in the strategic acquisition of Ready Mobile into Titan Wireless. On the organic growth side, Mr. Jensen was integral to the development of Titan Card Services, Inc.
"Kurt is a rare talent who has contributed enormously to the growth and financial success of Titan,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “Given the vital nature of Titan M&A’s mandate to our overall continued growth and success, Kurt is perfect to streamline our review and consideration of new acquisitions. His high level of familiarity with our divisions and each management team makes him uniquely qualified to lead Titan M&A."
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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.
hallo zusammen,
Dachte mich hier eigentlich schon mal blickengelassen zu haben,
war aber wohl doch nicht so.
Hab die schon einige Zeit auf dem Kiecker,
ich würde meinen -etwas spekulativ- eine phantastische Sache!
Ich würde mich allerdings auch den Bedenken von Torte11
einige Seiten früher anschliessen +hätte da auch
gern einiges detaillierter gewusst.
Aber wird das neu übernommene Unternehmen gut integriert,
die Etwicklung weiter vorangetrieben, vor allem(!)
stecken da erstmal wirklich ersthafte Absichten dahinter
+wird da noch sehr deutlich, sehr wichtig, an den Margen
gearbeitet, scheinen mir 5-10$ auch keinesfalls abwegig zu sein.
Noch langfristiger könnte es sogar noch einiges mehr werden,
aber das dürfte sich in Spekulation verlaufen.
Meine Fragen wären mal:
-kann mir jemand sagen, warum das übernommende Unternehmen
überhaupt operativ so schwach aufgestellt war?
-und warum wurde in den vorangegangenen Beiträgen davon
ausgegangen, daß es hier beim Umsatz demnächst natürlich
ganz exorbitant nach oben geht
-sich bei den Margen aber erstmal nichts wirklich
doll positiv ändern dürfte?
Wenn mir da irgendjemand was zu sagen kann,
wär echt nett,
Achso und:
Wenn die Threads zu solchen Werten (noch) nicht so
überlaufen sind -das würde ich zuallermeist als
(sehr) positiv sehen.
Popeye
Dachte mich hier eigentlich schon mal blickengelassen zu haben,
war aber wohl doch nicht so.
Hab die schon einige Zeit auf dem Kiecker,
ich würde meinen -etwas spekulativ- eine phantastische Sache!
Ich würde mich allerdings auch den Bedenken von Torte11
einige Seiten früher anschliessen +hätte da auch
gern einiges detaillierter gewusst.
Aber wird das neu übernommene Unternehmen gut integriert,
die Etwicklung weiter vorangetrieben, vor allem(!)
stecken da erstmal wirklich ersthafte Absichten dahinter
+wird da noch sehr deutlich, sehr wichtig, an den Margen
gearbeitet, scheinen mir 5-10$ auch keinesfalls abwegig zu sein.
Noch langfristiger könnte es sogar noch einiges mehr werden,
aber das dürfte sich in Spekulation verlaufen.
Meine Fragen wären mal:
-kann mir jemand sagen, warum das übernommende Unternehmen
überhaupt operativ so schwach aufgestellt war?
-und warum wurde in den vorangegangenen Beiträgen davon
ausgegangen, daß es hier beim Umsatz demnächst natürlich
ganz exorbitant nach oben geht
-sich bei den Margen aber erstmal nichts wirklich
doll positiv ändern dürfte?
Wenn mir da irgendjemand was zu sagen kann,
wär echt nett,
Achso und:
Wenn die Threads zu solchen Werten (noch) nicht so
überlaufen sind -das würde ich zuallermeist als
(sehr) positiv sehen.
Popeye
Titan Global Holdings Announces Milestone Agreement With CardMarte and MetaBank to Significantly Increase Revenues for Card Services Division
Monday October 29, 3:30 am ET
Titan Card Services Expected to Generate Approximately $45 Million in Fiscal 2008 From Estimated $289 Billion Global Money Transfer Sector
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, today announced that the Company’s Card Services division has reached two milestone agreements with CardMarte and MetaBank, both established leaders in the stored value and remittance industries, to support the technological delivery and distribution of its Guarda™ instant money card.
Titan Card Services has been projected to generate revenues of $45 million in fiscal 2008 as management continues to execute on significant opportunities for revenue and earnings growth.
Titan recently formed Titan Card Services to capitalize on the burgeoning $289 Billion international prepaid money transfer sector. The launch of Card Services further validates the Company's high-growth business model and provides a seamless brand extension for Titan's growing family of prepaid products, which are distributed and sold through a nationwide network of more than 86,000 retailers.
“The Guarda Instant Money Card offers a valuable tool to consumers,” said Kurt Jensen, President and Chief Executive Officer of Titan Communication Division and Card Services. “Our product allows the consumer unlimited reloads and remittances addition to the value added functionality of being able to make purchases, ATM withdrawals, and even use the card as a re-loadable prepaid long distance calling product.”
The Guarda prepaid calling card products are Card Services' first branded products. Titan chose the Guarda™ instead of Guardian™ to emphasize the Spanish translation of “security and guard.” Guarda™ appeals to Titan’s core demographics of first and second generation Americans, one of the fastest-growing markets in the U.S.
The Guarda money transfer product involves a complex electronic transfer of funds to a remittance partner with a worldwide paymaster network for disbursement of the funds. The product is re-loadable at any retail store which has Global Re-Cash POS activation and value load software application downloaded to any existing Verifone, Hypercom, or Lipman multi-application terminal, or by using the virtual terminal with internet access.
The Guarda prepaid card can be used to make repeated money transfers, ATM withdrawals, and in store or online purchases. Registered customers may use their cell phone to check their balances, transaction history or to send money using the Rocket Mobil Messaging SMS technology.
Given Titan's familiarity with the prepaid sector and the specific needs of its core demographic customer base, which includes first and second generation Americans, the Company's senior management identified a significant need in this growing market to transfer funds internationally.
While fast and convenient money transfer is very attractive to consumers, at the core of the Guarda products is an instant issue prepaid debit Master Card. Consumers will be provided incentives to move up the value chain from a one time use remittance to multiple remittances and, finally, onto a personalized prepaid debit card. Through the combination of proprietary card-based technology and the resources of industry partners while offering debit card capabilities, Guarda products are unique in the remittance space. To protect its proprietary technology, Titan recently retained a leading Washington D.C.-based intellectual property firm and also filed a patent application that is currently pending.
The competitive landscape in the money transfer industry is diverse. Western Union, a company with 305,000 agent locations and $1.2 billion in net income in fiscal 2006, is the largest accounting for 17.2% of all cross border transfers. Money Gram is currently the second largest with 125,000 agent locations and $156 million in net income in 2006. Other companies include online transfer operations, card-to-card, bank-to-bank and others. Each model provides complementary services but ultimately accomplishes the same goal: moving money across the border to loved family members and friends. The average remittance amount is between $300 and $400.
The rate at which Latin American migrants remit on a regular basis is relatively consistent at 60% to 70% of adults.
From a customer perspective, the Guarda product is a simple three step process. First the customer purchases the product. Second, the customer calls customer service to register and provide basic information. Third, the customer is provided with the ability to contact the receiving party via live transfer or using the INTL LD PIN provided with the product.
“This opportunity to redefine remittance delivery is unprecedented and potentially lucrative,” said Max Day, Co-founder of CardMarte, LLC, Rocket Mobil Messaging LLC, and Global Re-Cash LLC. “The combination of Titan’s reach and trusted products and our infrastructure and relationships with the necessary financial partners will result in new product offerings that will deliver enhanced value to this burgeoning customer base.”
“The development of the Guarda products as an initial remittance offering is timely,” said Frank Murphy of Rocket Financial Services LLC. “This initial product launch exemplifies the term “synergy” as we have collaborated to create a tremendous solution for first and second generation Americans.”
CardMarte is the card management system provider, program manager, and developer of private label, prepaid debit cards in the stored value space and was the first company to sign with Metabank. Metabank is the world’s largest issuing bank of prepaid debit cards.
“We have performed focus groups and market analysis that validate that the market acceptance for Guarda is high,” said Bill Streidl, Executive Vice President of Titan Card Services. “We have developed a product that utilizes the process consumers are familiar with and already use to send money, but that delivers better value and convenience better than the established providers in the money transfer space.
About CardMarte
CardMarte is the premier “one stop shop” in the space for pre-paid programs, services, processing, card management systems, U.S and International bank relationships, and is licensed to provide world wide remittances with cash pick up capabilities to over fifty thousand locations worldwide. CardMarte has issuing bank partners and international processing partners in several Latin American countries. Using their proprietary card management system, which is integrated with the BIN’s of each bank, load networks, mobile payment networks and other value added services to maintain customer loyalty, can manage the transactions on both sides of the border with real time, on-line reporting and commission pay out to multiple payees with modifiable fee table structures. Their unique combined and integrated platform flexibility is extremely robust and unlike any in the market space.
About Rocket Mobil Messaging LLC
Rocket Mobil Services LLC SMS technology can be used with any cell phone and is integrated with carriers nationally and internationally to provide a large range of services to customers in several different markets segments and may be integrated with any host provider through web services or API.
About Global Re-Cash LLC
Global Re-Cash LLC POS technology can provide POS activation, loading, un-loading, balance, card to card and other transactions may be added according to host provided services. This application can be easily downloaded onto multi-application terminals in minutes and allows controlled distribution channels to build their own activation and load networks. This application can reside along side any other terminal application without any interference and is very intuitive.
About Rocket Financial Services LLC
Rocket Financial Services LLC is a leading global innovator and facilitator of prepaid bank card products and services that are easy to acquire, easy to use, highly secure, and extremely cost effective. RFS works with banking institutions, card issuers, processors, load networks, and Mobil payments platforms to offer the most flexible, comprehensive, and best-fit applications to compliment a current or planned card program.
http://biz.yahoo.com/bw/071029/20071029005500.html?.v=1&prin…
Monday October 29, 3:30 am ET
Titan Card Services Expected to Generate Approximately $45 Million in Fiscal 2008 From Estimated $289 Billion Global Money Transfer Sector
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, today announced that the Company’s Card Services division has reached two milestone agreements with CardMarte and MetaBank, both established leaders in the stored value and remittance industries, to support the technological delivery and distribution of its Guarda™ instant money card.
Titan Card Services has been projected to generate revenues of $45 million in fiscal 2008 as management continues to execute on significant opportunities for revenue and earnings growth.
Titan recently formed Titan Card Services to capitalize on the burgeoning $289 Billion international prepaid money transfer sector. The launch of Card Services further validates the Company's high-growth business model and provides a seamless brand extension for Titan's growing family of prepaid products, which are distributed and sold through a nationwide network of more than 86,000 retailers.
“The Guarda Instant Money Card offers a valuable tool to consumers,” said Kurt Jensen, President and Chief Executive Officer of Titan Communication Division and Card Services. “Our product allows the consumer unlimited reloads and remittances addition to the value added functionality of being able to make purchases, ATM withdrawals, and even use the card as a re-loadable prepaid long distance calling product.”
The Guarda prepaid calling card products are Card Services' first branded products. Titan chose the Guarda™ instead of Guardian™ to emphasize the Spanish translation of “security and guard.” Guarda™ appeals to Titan’s core demographics of first and second generation Americans, one of the fastest-growing markets in the U.S.
The Guarda money transfer product involves a complex electronic transfer of funds to a remittance partner with a worldwide paymaster network for disbursement of the funds. The product is re-loadable at any retail store which has Global Re-Cash POS activation and value load software application downloaded to any existing Verifone, Hypercom, or Lipman multi-application terminal, or by using the virtual terminal with internet access.
The Guarda prepaid card can be used to make repeated money transfers, ATM withdrawals, and in store or online purchases. Registered customers may use their cell phone to check their balances, transaction history or to send money using the Rocket Mobil Messaging SMS technology.
Given Titan's familiarity with the prepaid sector and the specific needs of its core demographic customer base, which includes first and second generation Americans, the Company's senior management identified a significant need in this growing market to transfer funds internationally.
While fast and convenient money transfer is very attractive to consumers, at the core of the Guarda products is an instant issue prepaid debit Master Card. Consumers will be provided incentives to move up the value chain from a one time use remittance to multiple remittances and, finally, onto a personalized prepaid debit card. Through the combination of proprietary card-based technology and the resources of industry partners while offering debit card capabilities, Guarda products are unique in the remittance space. To protect its proprietary technology, Titan recently retained a leading Washington D.C.-based intellectual property firm and also filed a patent application that is currently pending.
The competitive landscape in the money transfer industry is diverse. Western Union, a company with 305,000 agent locations and $1.2 billion in net income in fiscal 2006, is the largest accounting for 17.2% of all cross border transfers. Money Gram is currently the second largest with 125,000 agent locations and $156 million in net income in 2006. Other companies include online transfer operations, card-to-card, bank-to-bank and others. Each model provides complementary services but ultimately accomplishes the same goal: moving money across the border to loved family members and friends. The average remittance amount is between $300 and $400.
The rate at which Latin American migrants remit on a regular basis is relatively consistent at 60% to 70% of adults.
From a customer perspective, the Guarda product is a simple three step process. First the customer purchases the product. Second, the customer calls customer service to register and provide basic information. Third, the customer is provided with the ability to contact the receiving party via live transfer or using the INTL LD PIN provided with the product.
“This opportunity to redefine remittance delivery is unprecedented and potentially lucrative,” said Max Day, Co-founder of CardMarte, LLC, Rocket Mobil Messaging LLC, and Global Re-Cash LLC. “The combination of Titan’s reach and trusted products and our infrastructure and relationships with the necessary financial partners will result in new product offerings that will deliver enhanced value to this burgeoning customer base.”
“The development of the Guarda products as an initial remittance offering is timely,” said Frank Murphy of Rocket Financial Services LLC. “This initial product launch exemplifies the term “synergy” as we have collaborated to create a tremendous solution for first and second generation Americans.”
CardMarte is the card management system provider, program manager, and developer of private label, prepaid debit cards in the stored value space and was the first company to sign with Metabank. Metabank is the world’s largest issuing bank of prepaid debit cards.
“We have performed focus groups and market analysis that validate that the market acceptance for Guarda is high,” said Bill Streidl, Executive Vice President of Titan Card Services. “We have developed a product that utilizes the process consumers are familiar with and already use to send money, but that delivers better value and convenience better than the established providers in the money transfer space.
About CardMarte
CardMarte is the premier “one stop shop” in the space for pre-paid programs, services, processing, card management systems, U.S and International bank relationships, and is licensed to provide world wide remittances with cash pick up capabilities to over fifty thousand locations worldwide. CardMarte has issuing bank partners and international processing partners in several Latin American countries. Using their proprietary card management system, which is integrated with the BIN’s of each bank, load networks, mobile payment networks and other value added services to maintain customer loyalty, can manage the transactions on both sides of the border with real time, on-line reporting and commission pay out to multiple payees with modifiable fee table structures. Their unique combined and integrated platform flexibility is extremely robust and unlike any in the market space.
About Rocket Mobil Messaging LLC
Rocket Mobil Services LLC SMS technology can be used with any cell phone and is integrated with carriers nationally and internationally to provide a large range of services to customers in several different markets segments and may be integrated with any host provider through web services or API.
About Global Re-Cash LLC
Global Re-Cash LLC POS technology can provide POS activation, loading, un-loading, balance, card to card and other transactions may be added according to host provided services. This application can be easily downloaded onto multi-application terminals in minutes and allows controlled distribution channels to build their own activation and load networks. This application can reside along side any other terminal application without any interference and is very intuitive.
About Rocket Financial Services LLC
Rocket Financial Services LLC is a leading global innovator and facilitator of prepaid bank card products and services that are easy to acquire, easy to use, highly secure, and extremely cost effective. RFS works with banking institutions, card issuers, processors, load networks, and Mobil payments platforms to offer the most flexible, comprehensive, and best-fit applications to compliment a current or planned card program.
http://biz.yahoo.com/bw/071029/20071029005500.html?.v=1&prin…
Vom 29.10.2007
Titan Global Holdings nicht aus der Hand geben (Hot Stocks Investor)
Endingen (aktiencheck.de AG) - Die Experten von "Hot Stocks Investor" empfehlen bei der Titan Global Holdings-Aktie (ISIN US88829L1070/ WKN A0HNR0) kein Stück aus der Hand zu geben.
Vor wenigen Tagen habe die Gesellschaft Rekordergebnisse für das nächste Geschäftsjahr angekündigt. Titan Global Holdings erwarte nunmehr Umsätze zwischen USD 735 Mio. und USD 747 Mio. sowie einen Nettogewinn zwischen USD 15 Mio. und USD 17,5 Mio. Der Gewinn je Anteilsschein würde sich damit zwischen USc 24 und USc 28, das KGV der Aktie mithin zwischen 7 und 8 befinden. Damit halte das Unternehmen alle Trümpfe für ein erfolgreiches NASDAQ-Listing in der Hand, das spätestens in 2008 erfolgen solle.
Auch wenn Anleger seit ihrer Erstempfehlung zu USD 1,30 gleich zu Beginn des Jahres bereits mit über 50% in Front liegen, würden die Experten von "Hot Stocks Investor" nicht ein Stück der Titan Global Holdings-Aktie aus der Hand geben. (Ausgabe 20 vom 29.10.2007) (29.10.2007/ac/a/a)
Analyse-Datum: 29.10.2007
Analyst: Hot Stocks Investor
Rating des Analysten:
Quelle:aktiencheck.de 29/10/2007 16:05
Titan Global Holdings nicht aus der Hand geben (Hot Stocks Investor)
Endingen (aktiencheck.de AG) - Die Experten von "Hot Stocks Investor" empfehlen bei der Titan Global Holdings-Aktie (ISIN US88829L1070/ WKN A0HNR0) kein Stück aus der Hand zu geben.
Vor wenigen Tagen habe die Gesellschaft Rekordergebnisse für das nächste Geschäftsjahr angekündigt. Titan Global Holdings erwarte nunmehr Umsätze zwischen USD 735 Mio. und USD 747 Mio. sowie einen Nettogewinn zwischen USD 15 Mio. und USD 17,5 Mio. Der Gewinn je Anteilsschein würde sich damit zwischen USc 24 und USc 28, das KGV der Aktie mithin zwischen 7 und 8 befinden. Damit halte das Unternehmen alle Trümpfe für ein erfolgreiches NASDAQ-Listing in der Hand, das spätestens in 2008 erfolgen solle.
Auch wenn Anleger seit ihrer Erstempfehlung zu USD 1,30 gleich zu Beginn des Jahres bereits mit über 50% in Front liegen, würden die Experten von "Hot Stocks Investor" nicht ein Stück der Titan Global Holdings-Aktie aus der Hand geben. (Ausgabe 20 vom 29.10.2007) (29.10.2007/ac/a/a)
Analyse-Datum: 29.10.2007
Analyst: Hot Stocks Investor
Rating des Analysten:
Quelle:aktiencheck.de 29/10/2007 16:05
Press Release Source: Titan Global Holdings, Inc.
Titan Global Consummates First Step in Planned Acquisition of Assets of Nexus Nano Electronics
Monday November 5, 8:37 am ET
Titan Acquired Various Financial Instruments Secured by Nexus Nano Electronics Assets
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, has announced the successful completion of its first step in a planned acquisition of the assets of Nexus Nano Electronics, Inc. (“Nexus”), a manufacturer of custom circuit boards for aerospace, defense and other industries.
The highlights of the strategic Nexus acquisition are as follows:
Pursuant to Titan’s Acquired Rights, it Intends to Exercise its Legal Rights and Remedies on Nexus-Secured Financial Instruments
The Transaction was Completed on an All-Equity Debt-Free Basis
Titan Expects to Integrate Nexus Products and Services into Titan Electronics Division to Grow Revenues and Market Share
Under the equity-based transaction, Titan Nexus, Inc., a wholly owned subsidiary of Titan Electronics Group, acquired by assignment from YA Global Investments, LP, various debt and equity instruments secured with Nexus assets. Titan intends to exercise its legal rights as its secured lender to obtain ownership of Nexus’ assets. Following the exercise of its rights, Titan intends to combine Nexus’ assets with the operations of its Titan Electronics Group, creating valuable synergies and efficiencies.
Nexus manufactures custom circuit board products for a variety of industries including aerospace, defense contractors and alternate energy equipment producers. Nexus generated revenues of $12 million and $16 million in the periods ended June 30, 2007 and June 30, 2006, respectively. Nexus has 90 employees in its advanced facilities in Brandon, Vermont and Woburn, Massachusetts. Over the last year, Nexus struggled financially and had inadequate working capital to continue its operations.
“The agreement with YA Global to acquire its secured debt and equity instruments related to Nexus represented an opportunity for our Electronics Group to achieve valuable new synergies and efficiencies,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “Our strategic equity partners identified this opportunity and helped us structure the transaction in a manner that resulted in the issuance of equity and no debt. We will move quickly to exercise our legal rights on these assets and integrate them into Titan Electronics Group.”
Under the terms of the assignment, Titan Electronics Group, a wholly owned subsidiary of Titan, issued YA Global $7.3 million of its convertible preferred stock and Titan Global Holdings issued YA Global 2 million shares of its common stock, valued at $2 per share equaled to the closing price of Titan’s stock on November 1, 2007. The convertible preferred stock issued to YA Global is convertible into the common stock of the planned spin out of Titan Electronics Group.
Titan’s Electronics Group includes companies that specialize in the manufacturing of advanced circuit boards and other high tech products for military and high-tech clients.
Titan Electronics Group operates two subsidiaries -- Titan PCB East, Inc. and Titan PCB West -- that specialize in the manufacturing of advanced circuit boards and other high-tech products for military and high-tech clients, such as Textron, generating record revenues in 2006. Titan's PCB East holds the highly coveted 31032 manufacturing certification from the U.S. Department of Defense.
Titan Electronics Group grew to $20 million in revenue in fiscal 2006 and $17 million in revenue in its three quarters of fiscal 2007. Titan had announced record guidance for its Electronics and Homeland Security Division in fiscal 2008. Titan anticipates this division will generate revenues of $30 Million and Net Operating Income of $1 million for the fiscal year ended August 31, 2008. Once Titan completes its legal steps with Nexus, it will upgrade the fiscal 2008 revenue and earnings guidance for Titan Electronics Group.
“We believe we can repeat the achievements of Titan’s Electronics and Homeland team with the operation and team at Nexus,” stated Curtis Okumura, President of Titan’s Electronics and Homeland Security Division. “Adding new products to our growing rep-centric organization should have a profoundly positive impact on Nexus’ revenue and preserve jobs for its talented and committed family of employees. We achieved similar results with our existing operations. Furthermore, we will efficiently integrate these facilities exploring many opportunities to exploit our economies of scale.”
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc., the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
For more information, please visit: www.titanglobalholdings.com or http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
For more investor-specific resources, visit:
INVESTOR CENTER
HEADLINES
INVESTOR FACT SHEET
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, 800-592-6067 (toll-free)
ryon@trilogy-capital.com
--------------------------------------------------------------------------------
Source: Titan Global Holdings, Inc.
Titan Global Consummates First Step in Planned Acquisition of Assets of Nexus Nano Electronics
Monday November 5, 8:37 am ET
Titan Acquired Various Financial Instruments Secured by Nexus Nano Electronics Assets
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, has announced the successful completion of its first step in a planned acquisition of the assets of Nexus Nano Electronics, Inc. (“Nexus”), a manufacturer of custom circuit boards for aerospace, defense and other industries.
The highlights of the strategic Nexus acquisition are as follows:
Pursuant to Titan’s Acquired Rights, it Intends to Exercise its Legal Rights and Remedies on Nexus-Secured Financial Instruments
The Transaction was Completed on an All-Equity Debt-Free Basis
Titan Expects to Integrate Nexus Products and Services into Titan Electronics Division to Grow Revenues and Market Share
Under the equity-based transaction, Titan Nexus, Inc., a wholly owned subsidiary of Titan Electronics Group, acquired by assignment from YA Global Investments, LP, various debt and equity instruments secured with Nexus assets. Titan intends to exercise its legal rights as its secured lender to obtain ownership of Nexus’ assets. Following the exercise of its rights, Titan intends to combine Nexus’ assets with the operations of its Titan Electronics Group, creating valuable synergies and efficiencies.
Nexus manufactures custom circuit board products for a variety of industries including aerospace, defense contractors and alternate energy equipment producers. Nexus generated revenues of $12 million and $16 million in the periods ended June 30, 2007 and June 30, 2006, respectively. Nexus has 90 employees in its advanced facilities in Brandon, Vermont and Woburn, Massachusetts. Over the last year, Nexus struggled financially and had inadequate working capital to continue its operations.
“The agreement with YA Global to acquire its secured debt and equity instruments related to Nexus represented an opportunity for our Electronics Group to achieve valuable new synergies and efficiencies,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “Our strategic equity partners identified this opportunity and helped us structure the transaction in a manner that resulted in the issuance of equity and no debt. We will move quickly to exercise our legal rights on these assets and integrate them into Titan Electronics Group.”
Under the terms of the assignment, Titan Electronics Group, a wholly owned subsidiary of Titan, issued YA Global $7.3 million of its convertible preferred stock and Titan Global Holdings issued YA Global 2 million shares of its common stock, valued at $2 per share equaled to the closing price of Titan’s stock on November 1, 2007. The convertible preferred stock issued to YA Global is convertible into the common stock of the planned spin out of Titan Electronics Group.
Titan’s Electronics Group includes companies that specialize in the manufacturing of advanced circuit boards and other high tech products for military and high-tech clients.
Titan Electronics Group operates two subsidiaries -- Titan PCB East, Inc. and Titan PCB West -- that specialize in the manufacturing of advanced circuit boards and other high-tech products for military and high-tech clients, such as Textron, generating record revenues in 2006. Titan's PCB East holds the highly coveted 31032 manufacturing certification from the U.S. Department of Defense.
Titan Electronics Group grew to $20 million in revenue in fiscal 2006 and $17 million in revenue in its three quarters of fiscal 2007. Titan had announced record guidance for its Electronics and Homeland Security Division in fiscal 2008. Titan anticipates this division will generate revenues of $30 Million and Net Operating Income of $1 million for the fiscal year ended August 31, 2008. Once Titan completes its legal steps with Nexus, it will upgrade the fiscal 2008 revenue and earnings guidance for Titan Electronics Group.
“We believe we can repeat the achievements of Titan’s Electronics and Homeland team with the operation and team at Nexus,” stated Curtis Okumura, President of Titan’s Electronics and Homeland Security Division. “Adding new products to our growing rep-centric organization should have a profoundly positive impact on Nexus’ revenue and preserve jobs for its talented and committed family of employees. We achieved similar results with our existing operations. Furthermore, we will efficiently integrate these facilities exploring many opportunities to exploit our economies of scale.”
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc., the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
For more information, please visit: www.titanglobalholdings.com or http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
For more investor-specific resources, visit:
INVESTOR CENTER
HEADLINES
INVESTOR FACT SHEET
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, 800-592-6067 (toll-free)
ryon@trilogy-capital.com
--------------------------------------------------------------------------------
Source: Titan Global Holdings, Inc.
Press Release Source: Titan Global Holdings, Inc.
Titan Global Holdings Finalizes Strategic Plan to Divest Titan Electronics Group
Monday November 5, 4:01 pm ET
Spin-off Designed to Unlock Full Value of Electronic Units and Create Liquidity Event for Loyal Long Term Shareholders
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today announced its definitive strategic plan to spin out Titan’s Electronics Group (“Titan EG”).
ADVERTISEMENT
The announcement follows Titan’s acquisition of the various secured debt and equity instruments secured with the assets of Nexus Nano Electronics, Inc. (“Nexus”). Titan intends to exercise its legal rights as its lender to obtain ownership of Nexus’ assets. Titan will combine Nexus with the operations of its Titan Electronics Group, creating synergies and efficiencies. Titan Electronics Group includes its legacy PCB divisions of Titan PCB East and Titan PCB West.
According to Management, a spin-off would be accomplished through the pro rata dividend of 100% of Titan EG, a wholly-owned subsidiary of Titan, to all shareholders of record on the record date set by Titan. The Company will file a Form 10 with the Securities and Exchange Commission and will make application for admission to the NASDAQ stock exchange of Titan EG.
While the strategic plan to spin out Titan EG was approved in January of this year, the fulfillment of this plan was delayed while Titan focused on completion of its recent acquisitions of Appalachian Oil Company and USA Detergents and analyzed merger and acquisition candidates that best complement the core electronics division operations and assets. These efforts resulted in Titan’s Nexus transaction last week.
The spin-off will allow the Company to accelerate strategic transaction flow at all remaining divisions, which the Company believes will significantly build overall shareholder value.
In connection with the Nexus acquisition, Titan EG issued $7.3 Million in Preferred Stock to YA Global Investments, LP (“YA Global”), converted debt from Titan and/or its affiliates into Titan EG common stock, and re-classified $4 Million in debt to Preferred Stock, such that Titan EG’s balance sheet was significantly strengthened.
As there is no guarantee that the Company will be accepted by NASDAQ, if the NASDAQ doesn’t accept Titan EG, it will seek listing on the OTCBB. These efforts are consistent with management’s stated strategic plan to encourage an expanded institutional investor base as a means to deliver long-term shareholder value. Management expects the spin-off could be completed during the Company's 2008 fiscal year.
Under the final strategic plan, Titan will retain its Communications Division, Titan Global Energy Group, Homeland Security Group, and Titan Global Brands units. Titan recently issued revenue guidance for fiscal 2008 that includes Titan PCB’s expected $30 million contribution to the Company’s stated overall revenue guidance of between $735 million and $747 million for fiscal 2008. In addition, recently, Titan issued initial earnings guidance for fiscal year 2008 in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share.
"As stated previously, after considerable consultation with our strategic investors and professionals, Titan's Board concluded that the aggregate value of Titan's Electronic Group were more valuable separately than through its existing structure within Titan Global Holdings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "This strategic initiative is designed to maximize shareholder value and facilitate the ability of each unit to grow organically and through strategic acquisitions."
Titan’s Electronics Group includes companies that specialize in the manufacturing of advanced circuit boards and other high tech products for military and high-tech clients.
Today Titan Electronics Group operates two subsidiaries -- Titan PCB East, Inc. and Titan PCB West -- that specialize in the manufacturing of advanced circuit boards and other advanced technology products for the military and other high-tech clients, such as Textron, generating record revenues in 2006. Titan's PCB East holds the highly coveted 31032 manufacturing certification from the U.S. Department of Defense.
Titan Electronics Group grew to $20 million in revenue in fiscal 2006 and $17 million in revenue in its three quarters of fiscal 2007. Titan had announced record guidance for its Electronics and Homeland Security Division in fiscal 2008. Titan anticipates this division will generate revenues of $30 Million and Net Operating Income of $1 million for the fiscal year ended August 31, 2008. Once Titan completes its legal steps with Nexus, it will upgrade the fiscal 2008 revenue and earnings guidance for Titan Electronics Group.
Titan EG is poised to continue its organic growth. As an independent public company, Titan EG could more efficiently execute on ongoing strategic acquisition opportunities in its space. Titan’s strategic investors have identified additional available private companies in the electronic space that would add synergistic scale to this independent public electronic company.
"As previously stated, this approach is designed to unlock the value of this division for the benefit of Titan’s shareholders," said David Marks, Chairman of Titan Global Holdings. “The dividend distribution of these shares will constitute a liquidity event for our loyal investors. As well, this strategic plan will enable each company to accelerate their individual synergistic plans for organic and strategic growth."
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries capitalizing on multi-billion dollar worldwide markets spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 major brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 Reform 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 rates 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.
Titan Global Holdings Finalizes Strategic Plan to Divest Titan Electronics Group
Monday November 5, 4:01 pm ET
Spin-off Designed to Unlock Full Value of Electronic Units and Create Liquidity Event for Loyal Long Term Shareholders
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today announced its definitive strategic plan to spin out Titan’s Electronics Group (“Titan EG”).
ADVERTISEMENT
The announcement follows Titan’s acquisition of the various secured debt and equity instruments secured with the assets of Nexus Nano Electronics, Inc. (“Nexus”). Titan intends to exercise its legal rights as its lender to obtain ownership of Nexus’ assets. Titan will combine Nexus with the operations of its Titan Electronics Group, creating synergies and efficiencies. Titan Electronics Group includes its legacy PCB divisions of Titan PCB East and Titan PCB West.
According to Management, a spin-off would be accomplished through the pro rata dividend of 100% of Titan EG, a wholly-owned subsidiary of Titan, to all shareholders of record on the record date set by Titan. The Company will file a Form 10 with the Securities and Exchange Commission and will make application for admission to the NASDAQ stock exchange of Titan EG.
While the strategic plan to spin out Titan EG was approved in January of this year, the fulfillment of this plan was delayed while Titan focused on completion of its recent acquisitions of Appalachian Oil Company and USA Detergents and analyzed merger and acquisition candidates that best complement the core electronics division operations and assets. These efforts resulted in Titan’s Nexus transaction last week.
The spin-off will allow the Company to accelerate strategic transaction flow at all remaining divisions, which the Company believes will significantly build overall shareholder value.
In connection with the Nexus acquisition, Titan EG issued $7.3 Million in Preferred Stock to YA Global Investments, LP (“YA Global”), converted debt from Titan and/or its affiliates into Titan EG common stock, and re-classified $4 Million in debt to Preferred Stock, such that Titan EG’s balance sheet was significantly strengthened.
As there is no guarantee that the Company will be accepted by NASDAQ, if the NASDAQ doesn’t accept Titan EG, it will seek listing on the OTCBB. These efforts are consistent with management’s stated strategic plan to encourage an expanded institutional investor base as a means to deliver long-term shareholder value. Management expects the spin-off could be completed during the Company's 2008 fiscal year.
Under the final strategic plan, Titan will retain its Communications Division, Titan Global Energy Group, Homeland Security Group, and Titan Global Brands units. Titan recently issued revenue guidance for fiscal 2008 that includes Titan PCB’s expected $30 million contribution to the Company’s stated overall revenue guidance of between $735 million and $747 million for fiscal 2008. In addition, recently, Titan issued initial earnings guidance for fiscal year 2008 in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share.
"As stated previously, after considerable consultation with our strategic investors and professionals, Titan's Board concluded that the aggregate value of Titan's Electronic Group were more valuable separately than through its existing structure within Titan Global Holdings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "This strategic initiative is designed to maximize shareholder value and facilitate the ability of each unit to grow organically and through strategic acquisitions."
Titan’s Electronics Group includes companies that specialize in the manufacturing of advanced circuit boards and other high tech products for military and high-tech clients.
Today Titan Electronics Group operates two subsidiaries -- Titan PCB East, Inc. and Titan PCB West -- that specialize in the manufacturing of advanced circuit boards and other advanced technology products for the military and other high-tech clients, such as Textron, generating record revenues in 2006. Titan's PCB East holds the highly coveted 31032 manufacturing certification from the U.S. Department of Defense.
Titan Electronics Group grew to $20 million in revenue in fiscal 2006 and $17 million in revenue in its three quarters of fiscal 2007. Titan had announced record guidance for its Electronics and Homeland Security Division in fiscal 2008. Titan anticipates this division will generate revenues of $30 Million and Net Operating Income of $1 million for the fiscal year ended August 31, 2008. Once Titan completes its legal steps with Nexus, it will upgrade the fiscal 2008 revenue and earnings guidance for Titan Electronics Group.
Titan EG is poised to continue its organic growth. As an independent public company, Titan EG could more efficiently execute on ongoing strategic acquisition opportunities in its space. Titan’s strategic investors have identified additional available private companies in the electronic space that would add synergistic scale to this independent public electronic company.
"As previously stated, this approach is designed to unlock the value of this division for the benefit of Titan’s shareholders," said David Marks, Chairman of Titan Global Holdings. “The dividend distribution of these shares will constitute a liquidity event for our loyal investors. As well, this strategic plan will enable each company to accelerate their individual synergistic plans for organic and strategic growth."
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries capitalizing on multi-billion dollar worldwide markets spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 major brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 Reform 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 rates 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.
Titan Global Holdings Receives Three Grants from Tennessee Governor to Support Biofuel Initiatives at Appco Refueling Stations
Wednesday November 7, 12:29 pm ET
Governor Grants Accelerate Development of State Infrastructure to Support Commercialization of E85 and B20 Biofuels
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today announced that the Company’s recently acquired Appco division has received three Green Island Corridor Network Grants awarded by Tennessee Governor Phil Bredesen. The grants provide state support for Titan’s stated strategic mission to secure a supply of biofuels products through strategic agreements and acquisitions.
“Awarding these grants today places us one step closer to making biofuels more commercially available to all Tennesseans,” said Governor Bredesen in a press release written by the Tennessee Department of Transportation. “By establishing this network of retail biofuel stations along our interstates and major highways, we are giving Tennesseans more choices at the pump. By increasing the availability of biofuels, we’re also able to help reduce vehicle emissions, help protect public health and reduce our dependence on petroleum.”
The goal of the Green Island Corridor Network grant program is to place biofuel stations no more than one hundred miles apart along Tennessee’s interstates and major highways.
The three grants, totaling more than $190,000, will be used to install underground storage tanks and dispensers to sell either E85 (ethanol) or B20 (biodiesel) at three of Appco’s refueling stations, including locations in Johnson City, in Unicoi County and Sullivan County. The grants are funded through $1.5 million in state funds provided by the Governor and approved by the General Assembly in the 2007 state budget. The Green Island grant program will reimburse grantees for 80% of the cost to install biofuels infrastructure up to a maximum of $45,000 per E85 or B20 pump.
“We applaud the Governor’s strategic plan to provide the citizens of Tennessee with environmentally friendly choices at the pump,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “We look forward to ensuring that these grants are leveraged to make the state of Tennessee a leader in the alternative energy movement. These grants are tremendous for the state of Tennessee, the customers of Appco and Titan’s shareholders.”
“The Appco team will continue to seek opportunities to lead our markets in the provision of cleaner, more environmentally friendly fuels,” stated Marty Anderson, President and Chief Executive Officer of Appalachian Oil Company. “We recently signed agreements improving pricing and access to Ethanol and we are developing other plans to leverage our efficient distribution network to lead our markets.”
Recently, Titan completed a biofuel supply agreement with NewGen Technologies, Inc. (“NewGen”). Under the terms of the agreement, Titan and NewGen entered into a contract for a term of 10 years providing Refuel America, Inc., a wholly owned subsidiary of NewGen, with the right to supply biofuel products to Appco or its affiliates at the then prevailing market price for such biofuel products at the time an order is placed.
E85 refers to motor fuel blends of 85 percent ethanol and 15 percent gasoline. Ethanol is typically produced from corn and other grain products. B20 is a blend of 20 percent biodiesel and 80 percent diesel fuel. Biodiesel is made from renewable sources such as soybean oil and other vegetable oils or animal fats.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries capitalizing on multi-billion dollar worldwide markets spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 major brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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.
http://biz.yahoo.com/bw/071107/20071107006066.html?.v=1&prin…
Wednesday November 7, 12:29 pm ET
Governor Grants Accelerate Development of State Infrastructure to Support Commercialization of E85 and B20 Biofuels
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today announced that the Company’s recently acquired Appco division has received three Green Island Corridor Network Grants awarded by Tennessee Governor Phil Bredesen. The grants provide state support for Titan’s stated strategic mission to secure a supply of biofuels products through strategic agreements and acquisitions.
“Awarding these grants today places us one step closer to making biofuels more commercially available to all Tennesseans,” said Governor Bredesen in a press release written by the Tennessee Department of Transportation. “By establishing this network of retail biofuel stations along our interstates and major highways, we are giving Tennesseans more choices at the pump. By increasing the availability of biofuels, we’re also able to help reduce vehicle emissions, help protect public health and reduce our dependence on petroleum.”
The goal of the Green Island Corridor Network grant program is to place biofuel stations no more than one hundred miles apart along Tennessee’s interstates and major highways.
The three grants, totaling more than $190,000, will be used to install underground storage tanks and dispensers to sell either E85 (ethanol) or B20 (biodiesel) at three of Appco’s refueling stations, including locations in Johnson City, in Unicoi County and Sullivan County. The grants are funded through $1.5 million in state funds provided by the Governor and approved by the General Assembly in the 2007 state budget. The Green Island grant program will reimburse grantees for 80% of the cost to install biofuels infrastructure up to a maximum of $45,000 per E85 or B20 pump.
“We applaud the Governor’s strategic plan to provide the citizens of Tennessee with environmentally friendly choices at the pump,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “We look forward to ensuring that these grants are leveraged to make the state of Tennessee a leader in the alternative energy movement. These grants are tremendous for the state of Tennessee, the customers of Appco and Titan’s shareholders.”
“The Appco team will continue to seek opportunities to lead our markets in the provision of cleaner, more environmentally friendly fuels,” stated Marty Anderson, President and Chief Executive Officer of Appalachian Oil Company. “We recently signed agreements improving pricing and access to Ethanol and we are developing other plans to leverage our efficient distribution network to lead our markets.”
Recently, Titan completed a biofuel supply agreement with NewGen Technologies, Inc. (“NewGen”). Under the terms of the agreement, Titan and NewGen entered into a contract for a term of 10 years providing Refuel America, Inc., a wholly owned subsidiary of NewGen, with the right to supply biofuel products to Appco or its affiliates at the then prevailing market price for such biofuel products at the time an order is placed.
E85 refers to motor fuel blends of 85 percent ethanol and 15 percent gasoline. Ethanol is typically produced from corn and other grain products. B20 is a blend of 20 percent biodiesel and 80 percent diesel fuel. Biodiesel is made from renewable sources such as soybean oil and other vegetable oils or animal fats.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries capitalizing on multi-billion dollar worldwide markets spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 major brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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.
http://biz.yahoo.com/bw/071107/20071107006066.html?.v=1&prin…
Titan Global Holdings Announces Increased Institutional Ownership with $5 Million Equity Raise
Friday November 9, 9:18 am ET
Equity Raised at $2 per Share to Accelerate Aggressive Acquisition Strategy and Support Pending Listing Application to NASDAQ
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today announced that the Company has completed a common stock equity raise of $5 Million at $2.00 per share with YA Global Investments, L.P. (“YA Global”), and issued no warrants. In connection with the equity raise, Titan paid no fees to either YA Global or any third party. The Company will use the proceeds for working capital, as well as to support further strategic acquisitions and minority investments in promising private and public companies.
“We were delighted to complete this equity raise with YA Global at $2 per share, which is above today’s market value,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “This capital will be leveraged to further strengthen our balance sheet and provide us the necessary funds to exploit several already-identified organic and strategic opportunities. We also believe that this will support our pending application for admission to NASDAQ as we continue to expand the institutional ownership of our company.”
Titan recently announced the formation of Titan Global Mergers & Acquisitions (Titan M&A) to enable the Company to effectively capitalize on new strategic opportunities by centralizing and streamlining all transactional acquisition and investment flow sourced from Titan’s various divisions, strategic investors and third party agents.
“For more than two years, Titan’s management team has proven that they can achieve and maintain exceptional growth with ongoing success," said Mark A. Angelo, President of YA Global. "We believe that our $5 million investment in Titan will provide the company with the financial strength to pursue additional organic and strategic opportunities. We look forward to further expanding our relationship with Titan in the years to come.”
Titan 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. The Company has issued record revenue guidance for fiscal year 2008 totaling more than $735 million with earnings projected to surpass $15 million for the same period.
http://biz.yahoo.com/bw/071109/20071109005416.html?.v=1&prin…
Friday November 9, 9:18 am ET
Equity Raised at $2 per Share to Accelerate Aggressive Acquisition Strategy and Support Pending Listing Application to NASDAQ
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today announced that the Company has completed a common stock equity raise of $5 Million at $2.00 per share with YA Global Investments, L.P. (“YA Global”), and issued no warrants. In connection with the equity raise, Titan paid no fees to either YA Global or any third party. The Company will use the proceeds for working capital, as well as to support further strategic acquisitions and minority investments in promising private and public companies.
“We were delighted to complete this equity raise with YA Global at $2 per share, which is above today’s market value,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “This capital will be leveraged to further strengthen our balance sheet and provide us the necessary funds to exploit several already-identified organic and strategic opportunities. We also believe that this will support our pending application for admission to NASDAQ as we continue to expand the institutional ownership of our company.”
Titan recently announced the formation of Titan Global Mergers & Acquisitions (Titan M&A) to enable the Company to effectively capitalize on new strategic opportunities by centralizing and streamlining all transactional acquisition and investment flow sourced from Titan’s various divisions, strategic investors and third party agents.
“For more than two years, Titan’s management team has proven that they can achieve and maintain exceptional growth with ongoing success," said Mark A. Angelo, President of YA Global. "We believe that our $5 million investment in Titan will provide the company with the financial strength to pursue additional organic and strategic opportunities. We look forward to further expanding our relationship with Titan in the years to come.”
Titan 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. The Company has issued record revenue guidance for fiscal year 2008 totaling more than $735 million with earnings projected to surpass $15 million for the same period.
http://biz.yahoo.com/bw/071109/20071109005416.html?.v=1&prin…
Titan Global Targets New Growth Opportunities in Homeland Security Space with Purchase of 2,151,422 Shares of Homeland Security Capital Corporation
Friday November 9, 4:01 pm ET
Minority Investment in HOMS First of Strategic Growth Initiatives by Newly Formed Titan Business Development Unit
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, today announced it has targeted untapped growth opportunities in the worldwide security and counter-terrorism industry through a substantial investment in Homeland Security Capital Corporation, (OTCBB:HOMS - News), a high-growth company engaged in the acquisition, development and consolidation of homeland security-related businesses.
Key Highlights of Titan’s investment in HOMS:
* Titan Asserts Homeland Security Capital Corporation Stock Currently Significantly Undervalued
* Homeland Security Capital Corp. Management Team is Exceptional
* Titan Management Cites Potential Value of HOMS’ Recent Milestone Investment in Secure America Acquisition Corp
* Titan Management Cites HOMS’ Polimatrix Contract from State of Illinois for Portable Radiation Detector Procurement
Titan purchased 2,151,422 shares of HOMS, totaling approximately 4.99% of the company. Titan may make additional purchases or sales of HOMS common stock in the open market from time to time.
The minority investment is among the first initiatives by Titan’s newly formed Business Development Unit, which Titan formed recently to capitalize on strategic and growth opportunities through direct investment or other avenues.
Kurt Jensen, Executive Vice President of the Titan Business Development unit, said the investment decision was based on analysis indicating Homeland Security Capital was significantly undervalued, following a number of successful initiatives by the HOMS leadership.
For example, Titan believes the investment community has not fully valued HOMS’ recent investment of $715,000 in Secure America Acquisition Holdings LLC, the principal shareholder for Secure America Acquisition Corporation (AMEX:HLD.U - News), a special purpose acquisition corporation (SPAC) formed to complete a business combination with one or more operating businesses in the homeland security industry.
“Our decision to invest in HOMS was further validated after we reviewed its recently completed investment in Secure America,” said Mr. Jenson. “It is our belief that this was a milestone achievement for HOMS and one the market hasn’t yet valued into its common stock.”
Titan management also praised HOMS’ management team, led by respected industry veteran C. Thomas McMillen, HOMS’ Chairman and Chief Executive Officer, as well as the compelling value proposition HOMS’ current market cap represents for investors.
As consideration for its investment in HLD.U, Homeland Security Capital received through its interest in Secure America Acquisition Holdings LLC 325,000 shares of common stock of Secure America Acquisition Corporation as well as $565,000 in promissory notes. As of the close November 8, 2007, HOMS’ market cap was only approximately $3 million.
"We were delighted to learn of Titan’s investment into Homeland Security Capital Corporation,” said Mr. McMillen. “We look forward to meeting with Titan’s management team to explore how we can collaborate on matters of mutual interest which can lead to the creation of shareholder value for both companies. Further, we look forward to attracting other strategic and institutional investors into Homeland Security Capital.”
Mr. McMillen added, “Homeland’s recent investment in Secure America Acquisition Holdings is part of our ongoing effort to target investments indicative of our homeland security consolidation strategy. This builds on the successful completion of the first homeland security SPAC, Fortress America Acquisition Corporation, in which our team served as principals. I believe investors will show continued interest in such business combinations. The homeland security industry provides products and services that are experiencing high growth due to government and industry focus on security threats. We are excited to be on the leading edge of SPAC initiatives within this dynamic arena.”
“Our investment in Homeland Security Capital Corporation is consistent with the mandate of Titan’s Business Development Unit and represents an opportunity for Titan to achieve gains from the eventual sale of HOMS common stock,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “I look forward to meeting with Tom to explore how we may collaborate on other opportunities for both of our companies.”
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc., the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
For more information, please visit: www.titanglobalholdings.com or http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
Friday November 9, 4:01 pm ET
Minority Investment in HOMS First of Strategic Growth Initiatives by Newly Formed Titan Business Development Unit
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, today announced it has targeted untapped growth opportunities in the worldwide security and counter-terrorism industry through a substantial investment in Homeland Security Capital Corporation, (OTCBB:HOMS - News), a high-growth company engaged in the acquisition, development and consolidation of homeland security-related businesses.
Key Highlights of Titan’s investment in HOMS:
* Titan Asserts Homeland Security Capital Corporation Stock Currently Significantly Undervalued
* Homeland Security Capital Corp. Management Team is Exceptional
* Titan Management Cites Potential Value of HOMS’ Recent Milestone Investment in Secure America Acquisition Corp
* Titan Management Cites HOMS’ Polimatrix Contract from State of Illinois for Portable Radiation Detector Procurement
Titan purchased 2,151,422 shares of HOMS, totaling approximately 4.99% of the company. Titan may make additional purchases or sales of HOMS common stock in the open market from time to time.
The minority investment is among the first initiatives by Titan’s newly formed Business Development Unit, which Titan formed recently to capitalize on strategic and growth opportunities through direct investment or other avenues.
Kurt Jensen, Executive Vice President of the Titan Business Development unit, said the investment decision was based on analysis indicating Homeland Security Capital was significantly undervalued, following a number of successful initiatives by the HOMS leadership.
For example, Titan believes the investment community has not fully valued HOMS’ recent investment of $715,000 in Secure America Acquisition Holdings LLC, the principal shareholder for Secure America Acquisition Corporation (AMEX:HLD.U - News), a special purpose acquisition corporation (SPAC) formed to complete a business combination with one or more operating businesses in the homeland security industry.
“Our decision to invest in HOMS was further validated after we reviewed its recently completed investment in Secure America,” said Mr. Jenson. “It is our belief that this was a milestone achievement for HOMS and one the market hasn’t yet valued into its common stock.”
Titan management also praised HOMS’ management team, led by respected industry veteran C. Thomas McMillen, HOMS’ Chairman and Chief Executive Officer, as well as the compelling value proposition HOMS’ current market cap represents for investors.
As consideration for its investment in HLD.U, Homeland Security Capital received through its interest in Secure America Acquisition Holdings LLC 325,000 shares of common stock of Secure America Acquisition Corporation as well as $565,000 in promissory notes. As of the close November 8, 2007, HOMS’ market cap was only approximately $3 million.
"We were delighted to learn of Titan’s investment into Homeland Security Capital Corporation,” said Mr. McMillen. “We look forward to meeting with Titan’s management team to explore how we can collaborate on matters of mutual interest which can lead to the creation of shareholder value for both companies. Further, we look forward to attracting other strategic and institutional investors into Homeland Security Capital.”
Mr. McMillen added, “Homeland’s recent investment in Secure America Acquisition Holdings is part of our ongoing effort to target investments indicative of our homeland security consolidation strategy. This builds on the successful completion of the first homeland security SPAC, Fortress America Acquisition Corporation, in which our team served as principals. I believe investors will show continued interest in such business combinations. The homeland security industry provides products and services that are experiencing high growth due to government and industry focus on security threats. We are excited to be on the leading edge of SPAC initiatives within this dynamic arena.”
“Our investment in Homeland Security Capital Corporation is consistent with the mandate of Titan’s Business Development Unit and represents an opportunity for Titan to achieve gains from the eventual sale of HOMS common stock,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “I look forward to meeting with Tom to explore how we may collaborate on other opportunities for both of our companies.”
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc., the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
For more information, please visit: www.titanglobalholdings.com or http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
Titan Global Appoints Former Sprint Nextel Director Brad Kropf as President and CEO of Communications and Card Services Divisions
Monday November 12, 3:30 am ET
Addition of Prepaid Telecommunications Industry Veteran Furthers Company's Mission to Build World-Class Senior Management Team
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, today announced the appointment of prepaid industry veteran Brad Kropf as the new President and Chief Executive Officer of Titan Communications Division.
Prior to joining Titan, Mr. Kropf served in leadership roles with Sprint Nextel Corporation. Most recently, Mr. Kropf served as Director of Sprint Nextel’s Prepaid Solutions Group, which was responsible for both the retail and promotional sales of prepaid stored-value solutions. Mr. Kropf led all divisional functions including sales, marketing, product, operations, card production, logistics, strategic planning, and business development for the Prepaid Solutions Group, and transformed the business unit into one of Sprint-Nextel’s fastest growing businesses.
Mr. Kropf will begin day-to-day duties on December 1, 2007 at Titan’s corporate headquarters in Richardson, Texas. Mr. Kropf succeeds Kurt Jensen. Mr. Jensen was promoted to Executive Vice President of Titan Global Mergers & Acquisitions (Titan M&A), which was recently formed to enable the Company to effectively capitalize on new strategic opportunities.
“We are thrilled to appoint Brad as the new leader of our Communications Division,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “Brad’s experience in product development and retail deployment will be valuable as we seek opportunities to capture more market share through an expansion of our current distribution footprint.”
Titan's Communications Division is comprised of Oblio Telecom (distribution), StartTalk (international network operations), Titan Wireless (wireless operations) and Pinless (e-commerce applications). The integration of these units positions the Company to continue its accelerated growth in fiscal 2008 with rapid delivery of new products and more efficient call termination options. Including recent agreements, Titan's Communication Division increased its distribution channels to over 86,000 retail outlets.
Titan Communications generated $89 million in revenues in 2006 and generated over $80 million in revenues for the nine months ended May 31, 2007. The Communications Division is projected to generate $174 million in revenues in fiscal year 2008.
“I look forward to joining the Titan team,” said Mr. Kropf. “Titan’s Communications Division is comprised of trusted brands in a large distribution network. I will seek to expand our product portfolio and distribution footprint to include new opportunities including point of sale activated (POSA) channels.”
“It is with great pleasure and confidence I pass the baton to Brad,” said Mr. Jensen. “Under Brad’s leadership Titan Communications is poised to open new market channels and, given his experience, to manage our relationships with Tier one providers.”
“Titan continues to strengthen its world-class management team,” said David Marks, Chairman of Titan Global Holdings. “As we continue on our aggressive growth trajectory, we will continue to add management depth at the parent and business unit level. Brad adds valued expertise and leadership to our Communications Division and completes the migration of Kurt Jensen to lead our vital M&A efforts.”
http://biz.yahoo.com/bw/071112/20071112005497.html?.v=1&prin…
Monday November 12, 3:30 am ET
Addition of Prepaid Telecommunications Industry Veteran Furthers Company's Mission to Build World-Class Senior Management Team
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, today announced the appointment of prepaid industry veteran Brad Kropf as the new President and Chief Executive Officer of Titan Communications Division.
Prior to joining Titan, Mr. Kropf served in leadership roles with Sprint Nextel Corporation. Most recently, Mr. Kropf served as Director of Sprint Nextel’s Prepaid Solutions Group, which was responsible for both the retail and promotional sales of prepaid stored-value solutions. Mr. Kropf led all divisional functions including sales, marketing, product, operations, card production, logistics, strategic planning, and business development for the Prepaid Solutions Group, and transformed the business unit into one of Sprint-Nextel’s fastest growing businesses.
Mr. Kropf will begin day-to-day duties on December 1, 2007 at Titan’s corporate headquarters in Richardson, Texas. Mr. Kropf succeeds Kurt Jensen. Mr. Jensen was promoted to Executive Vice President of Titan Global Mergers & Acquisitions (Titan M&A), which was recently formed to enable the Company to effectively capitalize on new strategic opportunities.
“We are thrilled to appoint Brad as the new leader of our Communications Division,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “Brad’s experience in product development and retail deployment will be valuable as we seek opportunities to capture more market share through an expansion of our current distribution footprint.”
Titan's Communications Division is comprised of Oblio Telecom (distribution), StartTalk (international network operations), Titan Wireless (wireless operations) and Pinless (e-commerce applications). The integration of these units positions the Company to continue its accelerated growth in fiscal 2008 with rapid delivery of new products and more efficient call termination options. Including recent agreements, Titan's Communication Division increased its distribution channels to over 86,000 retail outlets.
Titan Communications generated $89 million in revenues in 2006 and generated over $80 million in revenues for the nine months ended May 31, 2007. The Communications Division is projected to generate $174 million in revenues in fiscal year 2008.
“I look forward to joining the Titan team,” said Mr. Kropf. “Titan’s Communications Division is comprised of trusted brands in a large distribution network. I will seek to expand our product portfolio and distribution footprint to include new opportunities including point of sale activated (POSA) channels.”
“It is with great pleasure and confidence I pass the baton to Brad,” said Mr. Jensen. “Under Brad’s leadership Titan Communications is poised to open new market channels and, given his experience, to manage our relationships with Tier one providers.”
“Titan continues to strengthen its world-class management team,” said David Marks, Chairman of Titan Global Holdings. “As we continue on our aggressive growth trajectory, we will continue to add management depth at the parent and business unit level. Brad adds valued expertise and leadership to our Communications Division and completes the migration of Kurt Jensen to lead our vital M&A efforts.”
http://biz.yahoo.com/bw/071112/20071112005497.html?.v=1&prin…
Titan Global Holdings Announces Corporate Reorganization of Titan Card Services Division
Monday November 12, 12:00 pm ET
Titan to Hire New Industry Leader for Financial Services Division Projected to Generate $45 Million in Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, today announced that the Company’s Board of Directors approved the reorganization of Titan Card Services into a separate Division known as Titan Financial Services (“TFS”).
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Through its development and start up phase, TFS was part of Titan’s Communications Division. Given the developmental progress of the roll out of Guarda™, the potential for its revenue and earnings growth, and promising organic and strategic opportunities that are complementary to Guarda™ products, Titan’s Board of Directors concluded it was important to operate TFS as an independent unit renamed as Titan Financial Services. As a result, Titan will recruit a new leader for this division. In the interim, Brad Kropf will continue to lead TFS. Titan expects to announce a new hire within 45 days.
The Guarda prepaid money transfer card products are TFS' first branded products. Titan chose Guarda™ to emphasize the Spanish translation of “security and guard.” Guarda™ appeals to Titan’s core demographics of first and second generation Americans, one of the fastest-growing markets in the U.S.
Titan Card Services has been projected to generate revenues of $45 million in fiscal 2008 as management continues to execute on significant opportunities for revenue and earnings growth. Titan recently completed milestone strategic agreements with CardMarte and MetaBank, both established leaders in the stored value and remittance industries, to support the technological delivery and distribution of Titan’s Guarda™ instant money card.
Titan entered this space to capitalize on the burgeoning $289 Billion international prepaid money transfer sector. The launch of Guarda™ further validates the Company's high-growth business model and provides a seamless brand extension for Titan's growing family of prepaid products, which are distributed and sold through a nationwide network of more than 86,000 retailers.
“The Guarda Instant Money Card offers value and convenience to consumers,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “Our product allows the consumer unlimited reloads and additional remittances to the value added functionality of being able to make purchases, ATM withdrawals, and even use the card as a re-loadable prepaid long distance calling product.”
The Guarda money transfer product involves a complex electronic transfer of funds to a remittance partner with a worldwide paymaster network for disbursement of the funds. The product is re-loadable at any retail store which has Global Re-Cash POS activation and value load software application downloaded to any existing Verifone, Hypercom, or Lipman multi-application terminal, or by using the virtual terminal with internet access.
The Guarda prepaid card can be used to make repeated money transfers, ATM withdrawals, and in store or online purchases. Registered customers may use their cell phone to check their balances, transaction history or to send money using the Rocket Mobil Messaging SMS technology.
Given Titan's familiarity with the prepaid sector and the specific needs of its core demographic customer base, which includes first and second generation Americans, the Company's senior management identified a significant need in this growing market to transfer funds internationally.
While fast and convenient money transfer is very attractive to consumers, at the core of the Guarda products is an instant issue prepaid debit Master Card. Consumers will be provided incentives to move up the value chain from a one time use remittance to multiple remittances and, finally, onto a personalized prepaid debit card. Through the combination of proprietary card-based technology and the resources of industry partners while offering debit card capabilities, Guarda products are unique in the remittance space. To protect its proprietary technology, Titan recently retained a leading Washington D.C.-based intellectual property firm and also filed a patent application that is currently pending.
The competitive landscape in the money transfer industry is diverse. Western Union, a company with 305,000 agent locations and $1.2 billion in net income in fiscal 2006, is the largest accounting for 17.2% of all cross border transfers. Money Gram is currently the second largest with 125,000 agent locations and $156 million in net income in 2006. Other companies include online transfer operations, card-to-card, bank-to-bank and others. Each model provides complementary services but ultimately accomplishes the same goal: moving money across the border to loved family members and friends. The average remittance amount is between $300 and $400.
The rate at which Latin American migrants remit on a regular basis is relatively consistent at 60% to 70% of adults.
From a customer perspective, the Guarda product is a simple three step process. First the customer purchases the product. Second, the customer calls customer service to register and provide basic information. Third, the customer is provided with the ability to contact the receiving party via live transfer or using the INTL LD PIN provided with the product.
CardMarte is the card management system provider, program manager, and developer of private label, prepaid debiTFS in the stored value space and was the first company to sign with Metabank. Metabank is the world’s largest issuing bank of prepaid debiTFS.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc., the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
For more information, please visit: www.titanglobalholdings.com or http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
Monday November 12, 12:00 pm ET
Titan to Hire New Industry Leader for Financial Services Division Projected to Generate $45 Million in Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, today announced that the Company’s Board of Directors approved the reorganization of Titan Card Services into a separate Division known as Titan Financial Services (“TFS”).
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Through its development and start up phase, TFS was part of Titan’s Communications Division. Given the developmental progress of the roll out of Guarda™, the potential for its revenue and earnings growth, and promising organic and strategic opportunities that are complementary to Guarda™ products, Titan’s Board of Directors concluded it was important to operate TFS as an independent unit renamed as Titan Financial Services. As a result, Titan will recruit a new leader for this division. In the interim, Brad Kropf will continue to lead TFS. Titan expects to announce a new hire within 45 days.
The Guarda prepaid money transfer card products are TFS' first branded products. Titan chose Guarda™ to emphasize the Spanish translation of “security and guard.” Guarda™ appeals to Titan’s core demographics of first and second generation Americans, one of the fastest-growing markets in the U.S.
Titan Card Services has been projected to generate revenues of $45 million in fiscal 2008 as management continues to execute on significant opportunities for revenue and earnings growth. Titan recently completed milestone strategic agreements with CardMarte and MetaBank, both established leaders in the stored value and remittance industries, to support the technological delivery and distribution of Titan’s Guarda™ instant money card.
Titan entered this space to capitalize on the burgeoning $289 Billion international prepaid money transfer sector. The launch of Guarda™ further validates the Company's high-growth business model and provides a seamless brand extension for Titan's growing family of prepaid products, which are distributed and sold through a nationwide network of more than 86,000 retailers.
“The Guarda Instant Money Card offers value and convenience to consumers,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “Our product allows the consumer unlimited reloads and additional remittances to the value added functionality of being able to make purchases, ATM withdrawals, and even use the card as a re-loadable prepaid long distance calling product.”
The Guarda money transfer product involves a complex electronic transfer of funds to a remittance partner with a worldwide paymaster network for disbursement of the funds. The product is re-loadable at any retail store which has Global Re-Cash POS activation and value load software application downloaded to any existing Verifone, Hypercom, or Lipman multi-application terminal, or by using the virtual terminal with internet access.
The Guarda prepaid card can be used to make repeated money transfers, ATM withdrawals, and in store or online purchases. Registered customers may use their cell phone to check their balances, transaction history or to send money using the Rocket Mobil Messaging SMS technology.
Given Titan's familiarity with the prepaid sector and the specific needs of its core demographic customer base, which includes first and second generation Americans, the Company's senior management identified a significant need in this growing market to transfer funds internationally.
While fast and convenient money transfer is very attractive to consumers, at the core of the Guarda products is an instant issue prepaid debit Master Card. Consumers will be provided incentives to move up the value chain from a one time use remittance to multiple remittances and, finally, onto a personalized prepaid debit card. Through the combination of proprietary card-based technology and the resources of industry partners while offering debit card capabilities, Guarda products are unique in the remittance space. To protect its proprietary technology, Titan recently retained a leading Washington D.C.-based intellectual property firm and also filed a patent application that is currently pending.
The competitive landscape in the money transfer industry is diverse. Western Union, a company with 305,000 agent locations and $1.2 billion in net income in fiscal 2006, is the largest accounting for 17.2% of all cross border transfers. Money Gram is currently the second largest with 125,000 agent locations and $156 million in net income in 2006. Other companies include online transfer operations, card-to-card, bank-to-bank and others. Each model provides complementary services but ultimately accomplishes the same goal: moving money across the border to loved family members and friends. The average remittance amount is between $300 and $400.
The rate at which Latin American migrants remit on a regular basis is relatively consistent at 60% to 70% of adults.
From a customer perspective, the Guarda product is a simple three step process. First the customer purchases the product. Second, the customer calls customer service to register and provide basic information. Third, the customer is provided with the ability to contact the receiving party via live transfer or using the INTL LD PIN provided with the product.
CardMarte is the card management system provider, program manager, and developer of private label, prepaid debiTFS in the stored value space and was the first company to sign with Metabank. Metabank is the world’s largest issuing bank of prepaid debiTFS.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc., the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
For more information, please visit: www.titanglobalholdings.com or http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
Titan Global Holdings and InComm Expand Relationship to Include International Long-Distance Products
Tuesday November 13, 3:30 am ET
InComm to Introduce Titan Prepaid International Products Over Proprietary POSA Network
DALLAS--(BUSINESS WIRE)--Titan Global Holdings Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced an expansion of Oblio Telecom, Inc.’s (“Oblio”) distribution relationship with InComm to include the sale of prepaid international long-distance products to InComm retail partners. Oblio is a wholly owned unit of Titan’s Communication Division.
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InComm will begin offering Oblio’s Picante and Hello Asia cards to its retail partners in early 2008. Titan Wireless Inc., a wholly owned unit of Titan’s Communication Division, currently offers its reloadable wireless minutes at many InComm retail partner locations.
“Our expanded relationship with InComm will add our trusted international long-distance products to new channels of distribution,” stated Brad Kropf, President and Chief Executive Officer of Titan’s Communications and Card Services Division. “We look forward to working with InComm and its retailers to add our suite of prepaid international long-distance products.”
The agreement enables Oblio to distribute long-distance cards that will be activated at the point of sale through InComm’s Fastcard® technology, reducing the risk of theft and fraud associated with stocking live cards on the shelves.
“Oblio’s international long-distance brands will be a welcome addition to our international prepaid long-distance offering,” said Lisa McGinty, Director of Long-Distance Programs for InComm. “Incorporating the well established Picante and Hello Asia brands from Oblio Telecom allows our retail partners to offer their customers an excellent new choice for their international calling needs.”
About InComm
InComm is the industry-leading marketer, distributor and technology innovator of stored-value gift and prepaid products using its state-of-the-art point-of-sale transaction technology and payment solutions to revolutionize retail product sales and customer experiences. With more than $5 billion in retail sales transactions processed in 2006, InComm is the nation’s largest provider of gift cards, prepaid wireless products, financial debit cards, digital music downloads, content, games, software and bill payment solutions. InComm partners with consumer brand leaders around the world to provide more than 145,000 retail locations the products and services their customers demand. Since 1992, InComm’s patented technologies have made the buying process easier for consumers while streamlining the selling process for product and retail partners. To learn more about InComm, visit www.incomm.com or call 1-800-352-3084. InComm is headquartered in Atlanta, with offices in Australia, Canada, the United Kingdom, Puerto Rico, Colorado, Texas, Florida, New Jersey, Oregon, Arkansas, Alabama, Minnesota and Mississippi.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries capitalizing on multibillion-dollar worldwide markets spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis, and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc., the second largest publicly-owned company focused on the international prepaid telecommunications segment; StartTalk, Inc.; Pinless, Inc.; Titan Wireless Communications, Inc.; and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 major brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion-dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan’s growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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.
Tuesday November 13, 3:30 am ET
InComm to Introduce Titan Prepaid International Products Over Proprietary POSA Network
DALLAS--(BUSINESS WIRE)--Titan Global Holdings Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced an expansion of Oblio Telecom, Inc.’s (“Oblio”) distribution relationship with InComm to include the sale of prepaid international long-distance products to InComm retail partners. Oblio is a wholly owned unit of Titan’s Communication Division.
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InComm will begin offering Oblio’s Picante and Hello Asia cards to its retail partners in early 2008. Titan Wireless Inc., a wholly owned unit of Titan’s Communication Division, currently offers its reloadable wireless minutes at many InComm retail partner locations.
“Our expanded relationship with InComm will add our trusted international long-distance products to new channels of distribution,” stated Brad Kropf, President and Chief Executive Officer of Titan’s Communications and Card Services Division. “We look forward to working with InComm and its retailers to add our suite of prepaid international long-distance products.”
The agreement enables Oblio to distribute long-distance cards that will be activated at the point of sale through InComm’s Fastcard® technology, reducing the risk of theft and fraud associated with stocking live cards on the shelves.
“Oblio’s international long-distance brands will be a welcome addition to our international prepaid long-distance offering,” said Lisa McGinty, Director of Long-Distance Programs for InComm. “Incorporating the well established Picante and Hello Asia brands from Oblio Telecom allows our retail partners to offer their customers an excellent new choice for their international calling needs.”
About InComm
InComm is the industry-leading marketer, distributor and technology innovator of stored-value gift and prepaid products using its state-of-the-art point-of-sale transaction technology and payment solutions to revolutionize retail product sales and customer experiences. With more than $5 billion in retail sales transactions processed in 2006, InComm is the nation’s largest provider of gift cards, prepaid wireless products, financial debit cards, digital music downloads, content, games, software and bill payment solutions. InComm partners with consumer brand leaders around the world to provide more than 145,000 retail locations the products and services their customers demand. Since 1992, InComm’s patented technologies have made the buying process easier for consumers while streamlining the selling process for product and retail partners. To learn more about InComm, visit www.incomm.com or call 1-800-352-3084. InComm is headquartered in Atlanta, with offices in Australia, Canada, the United Kingdom, Puerto Rico, Colorado, Texas, Florida, New Jersey, Oregon, Arkansas, Alabama, Minnesota and Mississippi.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries capitalizing on multibillion-dollar worldwide markets spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis, and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc., the second largest publicly-owned company focused on the international prepaid telecommunications segment; StartTalk, Inc.; Pinless, Inc.; Titan Wireless Communications, Inc.; and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 major brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion-dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan’s growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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.
Fuer die, die es interessiert. Es gibt sehr interessante postings in den amerikanischen bull boards zu TTGL:
http://ragingbull.quote.com/mboard/boards.cgi?board=BB:TTGL
Insbesondere die postings von jimmydent und istockguy sind lesenswert.
HH
http://ragingbull.quote.com/mboard/boards.cgi?board=BB:TTGL
Insbesondere die postings von jimmydent und istockguy sind lesenswert.
HH
Na Jungs, ihr seid heute aber langsam.
Titan Global Holdings Announces Record $2.4 Million in Shipments in October for Titan Electronics Group
Titan Electronics Continues to Leverage High-Growth Business Model with New Customers
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today announced a record $2.4 million in shipments in October for the Company's Electronics division. Titan Electronics generated revenues of $6.9 million for the fourth fiscal quarter of 2007, a 15% percent increase from the division's third fiscal quarter of 2007.
The announcement follows Titan's recent acquisition of the various secured debt and equity instruments held with the assets of Nexus Nano Electronics, Inc. ("Nexus"). Titan intends to exercise its legal rights as its lender to obtain ownership of Nexus' assets. Titan will combine Nexus with the operations of its Titan Electronics Group, creating synergies and efficiencies to growth. Titan Electronics Group includes its legacy PCB divisions of Titan PCB East and Titan PCB West.
The Company's Board of Directors has authorized a definitive strategic plan to spin-off Titan's Printed Circuit Board manufacturing business to its shareholders, creating a new, more strategic independent public entity. The spin-off allows the Company to accelerate strategic transaction flow at all divisions.
According to Management, a spin-off would be accomplished through the pro rata dividend of 100% of Titan EG, a wholly-owned subsidiary of Titan, to all shareholders of record on the record date set by Titan. The Company will file a Form 10 with the Securities and Exchange Commission and will apply for admission to the NASDAQ stock exchange of Titan EG.
"The PCB business units continue to expand their market share through high quality work and customer service," said Curtis Okumura, President of Titan's Electronics Division. "We continue to gain operational efficiencies and reduced operating costs and lead times during this surge of shipments. Our sales team, led by Mike Kadlec and Saul Kennedy, has added over 19 new customers in October, usually a seasonally slow month. Mike Berg and the team at PCB East achieved over $1 million in shipments and revenues in October and kept selling, general and administrative costs constant. This will result in improved profitability in the division."
"Performance gains in our business units continue to strengthen Titan Global Holdings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "These improvements coupled with recent acquisition of the debt and equity instruments of Nexus will position this division for success as an independent company. We are continuing to explore opportunities to grow this and our other divisions through strategic acquisitions and continued organic efforts."
Titan's Electronics 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.
Titan Global Holdings Announces Record $2.4 Million in Shipments in October for Titan Electronics Group
Titan Electronics Continues to Leverage High-Growth Business Model with New Customers
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today announced a record $2.4 million in shipments in October for the Company's Electronics division. Titan Electronics generated revenues of $6.9 million for the fourth fiscal quarter of 2007, a 15% percent increase from the division's third fiscal quarter of 2007.
The announcement follows Titan's recent acquisition of the various secured debt and equity instruments held with the assets of Nexus Nano Electronics, Inc. ("Nexus"). Titan intends to exercise its legal rights as its lender to obtain ownership of Nexus' assets. Titan will combine Nexus with the operations of its Titan Electronics Group, creating synergies and efficiencies to growth. Titan Electronics Group includes its legacy PCB divisions of Titan PCB East and Titan PCB West.
The Company's Board of Directors has authorized a definitive strategic plan to spin-off Titan's Printed Circuit Board manufacturing business to its shareholders, creating a new, more strategic independent public entity. The spin-off allows the Company to accelerate strategic transaction flow at all divisions.
According to Management, a spin-off would be accomplished through the pro rata dividend of 100% of Titan EG, a wholly-owned subsidiary of Titan, to all shareholders of record on the record date set by Titan. The Company will file a Form 10 with the Securities and Exchange Commission and will apply for admission to the NASDAQ stock exchange of Titan EG.
"The PCB business units continue to expand their market share through high quality work and customer service," said Curtis Okumura, President of Titan's Electronics Division. "We continue to gain operational efficiencies and reduced operating costs and lead times during this surge of shipments. Our sales team, led by Mike Kadlec and Saul Kennedy, has added over 19 new customers in October, usually a seasonally slow month. Mike Berg and the team at PCB East achieved over $1 million in shipments and revenues in October and kept selling, general and administrative costs constant. This will result in improved profitability in the division."
"Performance gains in our business units continue to strengthen Titan Global Holdings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "These improvements coupled with recent acquisition of the debt and equity instruments of Nexus will position this division for success as an independent company. We are continuing to explore opportunities to grow this and our other divisions through strategic acquisitions and continued organic efforts."
Titan's Electronics 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.
Titan Global Holdings Announces Continued Organic Growth at Appco
Tuesday November 27, 11:30 am ET
Appco Further Expands Petroleum Distribution Footprint in Southeastern United States with Four New Wholesale Dealer Accounts
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a diversified holding company, today announced continued wholesale growth in Appalachian Oil Company (“Appco”), Titan Global Energy’s first strategic acquisition in the dynamic energy sector. Appco has added four new dealer wholesale accounts in North Carolina and Tennessee since Titan closed the acquisition in September 2007. This organic growth further expands Appco’s petroleum distribution footprint in the Southeastern United States.
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“We continue to offer wholesale customers access to petroleum products from a wide range of branded and unbranded sources,” said John Thomas III, President of Sales and Marketing at Appco. “We will aggressively pursue continued opportunities to expand our geographic reach and increase market share in the markets we currently serve.”
Appco, formed in 1923 and based in Blountville, Tennessee, is a leading petroleum company in the Southeast that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 165 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
“John’s continued organic growth in distribution furthers our opportunities to lead our markets in the distribution of biofuels as well,” said Marty Anderson, President and Chief Executive Officer of Appalachian Oil Company. “One of our key strategic initiatives is to leverage our established distribution network to enable energy independence and environmental responsibility in our markets and to increase returns for our shareholders. We have recently announced agreements to increase our access to biofuels and our organic growth is increasing the demand for these fuels.”
Titan recently announced an expanded agreement with leading international ethanol manufacturer Tate & Lyle to supply increasing quantities of Ethanol at reduced price levels for calendar 2008. With this agreement, Appco has secured access to key biofuels to address the fast-growing demand for newer, more environmentally friendly fuel sources. As the nation increases its consumption of ethanol and other biofuels, Titan believes its supply agreement with Tate & Lyle will significantly advance the Company’s efforts to establish secure sources of such biofuels and a higher margin product channel.
“The organic growth in Appco further validates our strategic interest in our first energy acquisition,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “Appco presented us with a strong distribution network of petroleum products in the Southeastern United States. As we work with our strategic equity partners to identify and integrate other energy assets, we have a strong team in place and tremendous opportunities for geographic expansion and vertical integration.”
Titan recently reported updated revenue guidance projecting that Titan Global Energy will contribute $433 million to Titan’s stated overall revenue guidance with a range of $735 to $747 Million for fiscal 2008.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc., the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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
Tuesday November 27, 11:30 am ET
Appco Further Expands Petroleum Distribution Footprint in Southeastern United States with Four New Wholesale Dealer Accounts
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a diversified holding company, today announced continued wholesale growth in Appalachian Oil Company (“Appco”), Titan Global Energy’s first strategic acquisition in the dynamic energy sector. Appco has added four new dealer wholesale accounts in North Carolina and Tennessee since Titan closed the acquisition in September 2007. This organic growth further expands Appco’s petroleum distribution footprint in the Southeastern United States.
ADVERTISEMENT
“We continue to offer wholesale customers access to petroleum products from a wide range of branded and unbranded sources,” said John Thomas III, President of Sales and Marketing at Appco. “We will aggressively pursue continued opportunities to expand our geographic reach and increase market share in the markets we currently serve.”
Appco, formed in 1923 and based in Blountville, Tennessee, is a leading petroleum company in the Southeast that owns and operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 165 dealers in the southeastern United States and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
“John’s continued organic growth in distribution furthers our opportunities to lead our markets in the distribution of biofuels as well,” said Marty Anderson, President and Chief Executive Officer of Appalachian Oil Company. “One of our key strategic initiatives is to leverage our established distribution network to enable energy independence and environmental responsibility in our markets and to increase returns for our shareholders. We have recently announced agreements to increase our access to biofuels and our organic growth is increasing the demand for these fuels.”
Titan recently announced an expanded agreement with leading international ethanol manufacturer Tate & Lyle to supply increasing quantities of Ethanol at reduced price levels for calendar 2008. With this agreement, Appco has secured access to key biofuels to address the fast-growing demand for newer, more environmentally friendly fuel sources. As the nation increases its consumption of ethanol and other biofuels, Titan believes its supply agreement with Tate & Lyle will significantly advance the Company’s efforts to establish secure sources of such biofuels and a higher margin product channel.
“The organic growth in Appco further validates our strategic interest in our first energy acquisition,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “Appco presented us with a strong distribution network of petroleum products in the Southeastern United States. As we work with our strategic equity partners to identify and integrate other energy assets, we have a strong team in place and tremendous opportunities for geographic expansion and vertical integration.”
Titan recently reported updated revenue guidance projecting that Titan Global Energy will contribute $433 million to Titan’s stated overall revenue guidance with a range of $735 to $747 Million for fiscal 2008.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc., the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
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 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
Antwort auf Beitrag Nr.: 32.587.231 von new_investor am 27.11.07 20:13:47Das duerfte wohl mit dem geplanten NASDAQ-Listing zu tun haben. Eine der Aufnahmebedingungen ist ein Kurs von 4 USD. Obwohl ich die lieber ueber Kurssteigerungen erreicht haette.
Reverse Stock Split
On November 26, 2007, the stockholders of the Company holding a majority of the outstanding shares of common stock approved an amendment to the Company's Articles of Incorporation, as amended, to effect a reverse split of the Company's outstanding common stock. The Board of Directors has the sole discretion to determine whether or not to effect a reverse stock split and, if so, at a ratio in a range of 1-for 1.5 to 1-for-3.. If the Board of Directors elects to implement the reverse stock split at one of the approved ratios, it is authorized to do so, until October 19, 2008, without any further stockholder action. As a result, the Board of Directors has maximum flexibility to react to the then-current market conditions and, therefore, to act in the best interests of the Company and its stockholders.
Reverse Stock Split
On November 26, 2007, the stockholders of the Company holding a majority of the outstanding shares of common stock approved an amendment to the Company's Articles of Incorporation, as amended, to effect a reverse split of the Company's outstanding common stock. The Board of Directors has the sole discretion to determine whether or not to effect a reverse stock split and, if so, at a ratio in a range of 1-for 1.5 to 1-for-3.. If the Board of Directors elects to implement the reverse stock split at one of the approved ratios, it is authorized to do so, until October 19, 2008, without any further stockholder action. As a result, the Board of Directors has maximum flexibility to react to the then-current market conditions and, therefore, to act in the best interests of the Company and its stockholders.
Antwort auf Beitrag Nr.: 32.616.888 von HHtrader am 29.11.07 18:06:21Titan Global Holdings Reports Financial Performance for Fiscal 2007
Friday November 30, 3:30 am ET
Record $111 Million in Revenues and $9.3 Million in Operating Cash Flow Underscores Management's Follow Through and Successful Acquisition Strategy
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings (OTCBB:TTGL - News), a diversified holding company, today announced operating results for fiscal year 2007. The results include record revenues of $111 million and net operating losses of $23.8 million or $.49 cents per share for its fiscal year 2007. Titan generated $9.3 million in operating cash flows during fiscal year 2007, representing a $9.6 million increase from excess cash used from operations of $382,000 in fiscal year 2006.
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Net operating losses include the impact of non-cash charges of $13.4 million for derivative expenses and a change in revenue recognition methods for its communications division that resulted in a $12 million deferral of revenue for prepaid international long distance products that were sold to customers but not yet used on the Company’s network.
“Fiscal year 2007 was a year of transformation and repositioning for Titan,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “During fiscal year 2007 we transformed Titan through the refinance of the Company’s operations, the addition of key management talent, the repositioning of the communications division and the strategic additions of new divisions.”
Titan recently completed a $15 million revolving credit facility and $7.6 million senior term loan with Greystone Business Credit II, LLC in December 2006. The refinancing resulted in a cash flow savings and reduced outstanding stock by 1.25 million shares and reduced the fully diluted outstanding shares by more than 3.5 million shares.
In July 2007, the Company formed Titan Global Energy Group to aggregate underutilized assets that can provide significant opportunities for revenue and earnings growth in the energy sector. In September 2007, the Company completed its acquisition of Appalachian Oil Company, a petroleum company in the Southeast that operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 165 dealers in the southeastern United States and owns and operates 56 convenience store locations.
The Company also formed Titan Global Brands in August 2007 to integrate, protect and expand brand management capabilities and to leverage and optimize growth from Titan'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 86,000 retail locations throughout the United States and over 175 international locations as well.
Titan Communications Division
Titan Communications Division reported net revenues of $87.7 million, a 2% decrease from fiscal year 2006 and net operating losses of $8.4 million. Net operating losses for the communications division include $4.7 million of non-cash derivative expenses incurred during fiscal year 2007. The Communications division reported EBITDA of $4 million for fiscal year 2007, a $4.5 million decrease from the prior year’s EBITDA of $8.4 million.
As referenced previously, the Company’s Communications division has transitioned the majority of its international long distance traffic to its StartTalk network in the fourth quarter of 2007; the Company changed revenue recognition methods in fiscal year 2007 which resulted in a deferral of $12 million in revenues to future periods.
“Our Communications division repositioned itself in fiscal year 2007,” said Kurt Jensen, Executive Vice President for Titan’s Acquisitions Group. “During 2007 we migrated from terminating all international long distance traffic through prepaid pin agreements with tier one carriers to carrying the majority of the traffic on our StartTalk network in our fourth quarter. Additionally, we continued to better position our wireless offerings through the Ready Mobile acquisition. This acquisition added significant retail distribution which will be strategic for future growth in the Communications Division in fiscal year 2008.”
Titan Electronics and Homeland Security Division
Titan Electronics and Homeland Security Division reported fiscal 2007 net revenues of $23.6 million, a 15% increase from the prior year, and net operating losses of $10.5 million. Net operating losses for the division include $8.7 million of non-cash derivative expenses incurred during fiscal year 2007. The Electronics division reported EBITDA of $1 million for fiscal year 2007, a $2.2 million improvement from the prior year’s EBITDA loss of $1.2 million.
“The Electronics and Homeland Security division continues to grow,” said Curtis Okumura, President of Titan’s Electronics and Homeland Security Division. “We added significant management expertise to our team in fiscal 2007 with the additions of industry veterans Mike Kadlec, Mike Berg and Ed Peterson. Specifically, through our sales team’s efforts to create a 'rep-centric' business model, we increased sales, diversified our market coverage and reduced our selling, as well as our general and administrative costs in fiscal year 2007. We are positioned well for further growth in fiscal year 2008.”
“Team Titan looks forward to fiscal year 2008,” said Mr. Chance. “With the strategic assistance from our equity partners, we were able to capitalize on strategic acquisitions in the first quarter of 2008 that have changed Titan’s long-term outlook. We look forward to creating shareholder value through organic and strategic developments in fiscal 2008.”
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc., the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
Friday November 30, 3:30 am ET
Record $111 Million in Revenues and $9.3 Million in Operating Cash Flow Underscores Management's Follow Through and Successful Acquisition Strategy
RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings (OTCBB:TTGL - News), a diversified holding company, today announced operating results for fiscal year 2007. The results include record revenues of $111 million and net operating losses of $23.8 million or $.49 cents per share for its fiscal year 2007. Titan generated $9.3 million in operating cash flows during fiscal year 2007, representing a $9.6 million increase from excess cash used from operations of $382,000 in fiscal year 2006.
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Net operating losses include the impact of non-cash charges of $13.4 million for derivative expenses and a change in revenue recognition methods for its communications division that resulted in a $12 million deferral of revenue for prepaid international long distance products that were sold to customers but not yet used on the Company’s network.
“Fiscal year 2007 was a year of transformation and repositioning for Titan,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “During fiscal year 2007 we transformed Titan through the refinance of the Company’s operations, the addition of key management talent, the repositioning of the communications division and the strategic additions of new divisions.”
Titan recently completed a $15 million revolving credit facility and $7.6 million senior term loan with Greystone Business Credit II, LLC in December 2006. The refinancing resulted in a cash flow savings and reduced outstanding stock by 1.25 million shares and reduced the fully diluted outstanding shares by more than 3.5 million shares.
In July 2007, the Company formed Titan Global Energy Group to aggregate underutilized assets that can provide significant opportunities for revenue and earnings growth in the energy sector. In September 2007, the Company completed its acquisition of Appalachian Oil Company, a petroleum company in the Southeast that operates an extensive petroleum product distribution network that generated approximately $400 million in revenues for fiscal 2006. Appco distributes petroleum products to more than 165 dealers in the southeastern United States and owns and operates 56 convenience store locations.
The Company also formed Titan Global Brands in August 2007 to integrate, protect and expand brand management capabilities and to leverage and optimize growth from Titan'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 86,000 retail locations throughout the United States and over 175 international locations as well.
Titan Communications Division
Titan Communications Division reported net revenues of $87.7 million, a 2% decrease from fiscal year 2006 and net operating losses of $8.4 million. Net operating losses for the communications division include $4.7 million of non-cash derivative expenses incurred during fiscal year 2007. The Communications division reported EBITDA of $4 million for fiscal year 2007, a $4.5 million decrease from the prior year’s EBITDA of $8.4 million.
As referenced previously, the Company’s Communications division has transitioned the majority of its international long distance traffic to its StartTalk network in the fourth quarter of 2007; the Company changed revenue recognition methods in fiscal year 2007 which resulted in a deferral of $12 million in revenues to future periods.
“Our Communications division repositioned itself in fiscal year 2007,” said Kurt Jensen, Executive Vice President for Titan’s Acquisitions Group. “During 2007 we migrated from terminating all international long distance traffic through prepaid pin agreements with tier one carriers to carrying the majority of the traffic on our StartTalk network in our fourth quarter. Additionally, we continued to better position our wireless offerings through the Ready Mobile acquisition. This acquisition added significant retail distribution which will be strategic for future growth in the Communications Division in fiscal year 2008.”
Titan Electronics and Homeland Security Division
Titan Electronics and Homeland Security Division reported fiscal 2007 net revenues of $23.6 million, a 15% increase from the prior year, and net operating losses of $10.5 million. Net operating losses for the division include $8.7 million of non-cash derivative expenses incurred during fiscal year 2007. The Electronics division reported EBITDA of $1 million for fiscal year 2007, a $2.2 million improvement from the prior year’s EBITDA loss of $1.2 million.
“The Electronics and Homeland Security division continues to grow,” said Curtis Okumura, President of Titan’s Electronics and Homeland Security Division. “We added significant management expertise to our team in fiscal 2007 with the additions of industry veterans Mike Kadlec, Mike Berg and Ed Peterson. Specifically, through our sales team’s efforts to create a 'rep-centric' business model, we increased sales, diversified our market coverage and reduced our selling, as well as our general and administrative costs in fiscal year 2007. We are positioned well for further growth in fiscal year 2008.”
“Team Titan looks forward to fiscal year 2008,” said Mr. Chance. “With the strategic assistance from our equity partners, we were able to capitalize on strategic acquisitions in the first quarter of 2008 that have changed Titan’s long-term outlook. We look forward to creating shareholder value through organic and strategic developments in fiscal 2008.”
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. Through our nine wholly-owned subsidiaries, we take advantage of valuable synergies between our subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2006 Titan generated in excess of $109 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million. Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc., the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world’s largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
Antwort auf Beitrag Nr.: 32.616.888 von HHtrader am 29.11.07 18:06:21Genauso ist es....
http://www.sec.gov/Archives/edgar/data/770471/00011442040706…
Purpose and Background of the Reverse Stock Split
The Company's primary objective in effecting a reverse stock split is to attempt to increase the per share trading price of its common stock. The Company has submitted an application to have its shares listed on NASDAQ accordingly the Board of Directors has determined that it may be necessary to effect a reverse split to increase the market price of the Company’s stock in order to meet NASDAQ’s minimum bid price of $4. In addition, we believe that if we are successful in maintaining a higher stock price, the stock will generate greater interest among professional investors and institutions. If we are successful in generating interest among such entities, we anticipate that the shares of our common stock would have greater liquidity and a stronger investor base. However, the possibility exists that stockholder liquidity may be adversely affected by the reduced number of shares which would be outstanding if the reverse stock split is effected, particularly if the price per share of the Company's common stock begins a declining trend after the reverse stock split is effected. The Company cannot be certain that the reverse stock split will achieve any of the desired results, or that the price per share of its common stock immediately following the reverse stock split will increase, or that the increase, if any, will be sustained for any period of time.
The Company is not aware of any present efforts by anyone to accumulate its common stock, and the proposed reverse stock split is not intended to be an anti-takeover device.
Effects of the Reverse Stock Split
The principal effects of the reverse stock split will be to decrease the number of outstanding shares of the Company's common stock. However, the total number of shares of the Company's common stock authorized for issuance will remain at 950,000,000. By decreasing the number of outstanding shares of common stock without altering the aggregate economic interest represented by those shares, the Company believes the market price will be proportionally increased.
Each share of the Company's common stock that is outstanding immediately prior to the reverse stock split will, immediately following the reverse stock split, represent a fraction of a share of the Company's common stock. The ratio selected by the Company's Board of Directors will determine what this fraction is. The total number of shares of common stock held by each stockholder will be recomputed automatically following the reverse stock split. If the total number of shares of the Company's common stock held by a stockholder immediately prior to the reverse stock split is not evenly divisible by the ratio chosen by the Board of Directors, that stockholder will not receive a fractional share but instead will receive a full share of common stock. In lieu of issuing fractional shares, the Company will issue to any shareholder who otherwise would have been entitled to receive a fractional share as a result of the reverse split an additional full share of its common stock.
All outstanding derivative securities entitling the holders thereof to purchase shares of the Company's common stock will entitle such holders to receive, upon exercise of their securities, a fraction (depending on the selected ratio) of the number of shares of the Company's common stock which such holders may purchase upon exercise of their derivative securities. In addition, commencing on the effective date of the reverse stock split, the exercise price of all outstanding derivative securities will be increased by the ratio.
The proposed amendment to the Company's Articles of Incorporation to effect the reverse stock split will not otherwise alter or modify the rights, preferences, privileges or restrictions of the Company's common stock
http://www.sec.gov/Archives/edgar/data/770471/00011442040706…
Purpose and Background of the Reverse Stock Split
The Company's primary objective in effecting a reverse stock split is to attempt to increase the per share trading price of its common stock. The Company has submitted an application to have its shares listed on NASDAQ accordingly the Board of Directors has determined that it may be necessary to effect a reverse split to increase the market price of the Company’s stock in order to meet NASDAQ’s minimum bid price of $4. In addition, we believe that if we are successful in maintaining a higher stock price, the stock will generate greater interest among professional investors and institutions. If we are successful in generating interest among such entities, we anticipate that the shares of our common stock would have greater liquidity and a stronger investor base. However, the possibility exists that stockholder liquidity may be adversely affected by the reduced number of shares which would be outstanding if the reverse stock split is effected, particularly if the price per share of the Company's common stock begins a declining trend after the reverse stock split is effected. The Company cannot be certain that the reverse stock split will achieve any of the desired results, or that the price per share of its common stock immediately following the reverse stock split will increase, or that the increase, if any, will be sustained for any period of time.
The Company is not aware of any present efforts by anyone to accumulate its common stock, and the proposed reverse stock split is not intended to be an anti-takeover device.
Effects of the Reverse Stock Split
The principal effects of the reverse stock split will be to decrease the number of outstanding shares of the Company's common stock. However, the total number of shares of the Company's common stock authorized for issuance will remain at 950,000,000. By decreasing the number of outstanding shares of common stock without altering the aggregate economic interest represented by those shares, the Company believes the market price will be proportionally increased.
Each share of the Company's common stock that is outstanding immediately prior to the reverse stock split will, immediately following the reverse stock split, represent a fraction of a share of the Company's common stock. The ratio selected by the Company's Board of Directors will determine what this fraction is. The total number of shares of common stock held by each stockholder will be recomputed automatically following the reverse stock split. If the total number of shares of the Company's common stock held by a stockholder immediately prior to the reverse stock split is not evenly divisible by the ratio chosen by the Board of Directors, that stockholder will not receive a fractional share but instead will receive a full share of common stock. In lieu of issuing fractional shares, the Company will issue to any shareholder who otherwise would have been entitled to receive a fractional share as a result of the reverse split an additional full share of its common stock.
All outstanding derivative securities entitling the holders thereof to purchase shares of the Company's common stock will entitle such holders to receive, upon exercise of their securities, a fraction (depending on the selected ratio) of the number of shares of the Company's common stock which such holders may purchase upon exercise of their derivative securities. In addition, commencing on the effective date of the reverse stock split, the exercise price of all outstanding derivative securities will be increased by the ratio.
The proposed amendment to the Company's Articles of Incorporation to effect the reverse stock split will not otherwise alter or modify the rights, preferences, privileges or restrictions of the Company's common stock
Nochmal News...
Titan Global Holdings Consummates Final Step in Acquisition of Assets Held by Nexus Nano Electronics
Friday November 30, 6:00 am ET
Titan Electronics Group Increases Revenue Guidance to $45 Million for Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, has announced that Titan Nexus, Inc., a unit of Titan Electronics Group, has successfully completed the final step in the acquisition of the assets of Nexus Nano Electronics, Inc. (“Nexus”), a manufacturer of custom circuit boards for aerospace, defense and other industries. The surrender of assets was completed by agreement between Nexus as debtor and Titan as creditor.
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Titan recently announced various secured debt and equity instruments secured with the assets of Nexus Nano Electronics, Inc. (“Nexus”). Titan has now exercised its legal rights as its lender to obtain ownership of Nexus’ assets. Titan will combine Nexus with the operations of its Titan Electronics Group, creating synergies and efficiencies. Titan Electronics Group includes its legacy PCB divisions of Titan PCB East and Titan PCB West.
Nexus manufactures custom circuit board products for a variety of industries including aerospace, defense contractors and alternate energy equipment producers. Nexus generated revenues of $12 million and $16 million in the periods ended June 30, 2007 and June 30, 2006, respectively. Nexus has 90 employees in its advanced facilities in Brandon, Vermont, and Woburn, Massachusetts.
“The Nexus acquisition represented an opportunity for our Electronics Group to achieve valuable new synergies and efficiencies,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “Our strategic equity partners identified this opportunity and helped us structure the transaction in a manner that resulted in the issuance of equity and no debt. This addition significantly strengthens the Company’s balance sheet through the addition of unencumbered assets. We will move quickly to integrate Nexus into Titan Electronics Group.”
Titan’s Electronics Group includes companies that specialize in the manufacturing of advanced circuit boards and other high-tech products for military and high-tech clients. Titan Electronics Group operates two subsidiaries -- Titan PCB East and Titan PCB West -- that specialize in the manufacturing of advanced circuit boards and other high-tech products for military and high-tech clients, such as Textron. Titan Electronics generated record revenues in 2006. Titan's PCB East holds the highly coveted 31032 manufacturing certification from the U.S. Department of Defense.
Titan Electronics Group grew to $23.6 million in revenue in fiscal 2007. Titan had announced record guidance for its Electronics and Homeland Security Division in fiscal 2008. Titan anticipates this division will generate revenues of $30 million for the fiscal year ended August 31, 2008. In light of the Nexus acquisition, Titan has upgraded fiscal 2008 revenue guidance to $45 million for Titan Electronics Group.
“We believe we can repeat the achievements of Titan’s Electronics and Homeland team with the operation and team at Nexus,” said Curtis Okumura, President of Titan’s Electronics and Homeland Security Division. “Adding new products to our growing rep-centric organization should have a profoundly positive impact on Nexus’ revenue and preserve jobs for its talented and committed family of employees. We achieved similar results with our existing operations. Furthermore, we will efficiently integrate these facilities, exploring many opportunities to exploit our economies of scale.”
About Titan Global Holdings
Titan Global Holdings Consummates Final Step in Acquisition of Assets Held by Nexus Nano Electronics
Friday November 30, 6:00 am ET
Titan Electronics Group Increases Revenue Guidance to $45 Million for Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high growth diversified holding company, has announced that Titan Nexus, Inc., a unit of Titan Electronics Group, has successfully completed the final step in the acquisition of the assets of Nexus Nano Electronics, Inc. (“Nexus”), a manufacturer of custom circuit boards for aerospace, defense and other industries. The surrender of assets was completed by agreement between Nexus as debtor and Titan as creditor.
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Titan recently announced various secured debt and equity instruments secured with the assets of Nexus Nano Electronics, Inc. (“Nexus”). Titan has now exercised its legal rights as its lender to obtain ownership of Nexus’ assets. Titan will combine Nexus with the operations of its Titan Electronics Group, creating synergies and efficiencies. Titan Electronics Group includes its legacy PCB divisions of Titan PCB East and Titan PCB West.
Nexus manufactures custom circuit board products for a variety of industries including aerospace, defense contractors and alternate energy equipment producers. Nexus generated revenues of $12 million and $16 million in the periods ended June 30, 2007 and June 30, 2006, respectively. Nexus has 90 employees in its advanced facilities in Brandon, Vermont, and Woburn, Massachusetts.
“The Nexus acquisition represented an opportunity for our Electronics Group to achieve valuable new synergies and efficiencies,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “Our strategic equity partners identified this opportunity and helped us structure the transaction in a manner that resulted in the issuance of equity and no debt. This addition significantly strengthens the Company’s balance sheet through the addition of unencumbered assets. We will move quickly to integrate Nexus into Titan Electronics Group.”
Titan’s Electronics Group includes companies that specialize in the manufacturing of advanced circuit boards and other high-tech products for military and high-tech clients. Titan Electronics Group operates two subsidiaries -- Titan PCB East and Titan PCB West -- that specialize in the manufacturing of advanced circuit boards and other high-tech products for military and high-tech clients, such as Textron. Titan Electronics generated record revenues in 2006. Titan's PCB East holds the highly coveted 31032 manufacturing certification from the U.S. Department of Defense.
Titan Electronics Group grew to $23.6 million in revenue in fiscal 2007. Titan had announced record guidance for its Electronics and Homeland Security Division in fiscal 2008. Titan anticipates this division will generate revenues of $30 million for the fiscal year ended August 31, 2008. In light of the Nexus acquisition, Titan has upgraded fiscal 2008 revenue guidance to $45 million for Titan Electronics Group.
“We believe we can repeat the achievements of Titan’s Electronics and Homeland team with the operation and team at Nexus,” said Curtis Okumura, President of Titan’s Electronics and Homeland Security Division. “Adding new products to our growing rep-centric organization should have a profoundly positive impact on Nexus’ revenue and preserve jobs for its talented and committed family of employees. We achieved similar results with our existing operations. Furthermore, we will efficiently integrate these facilities, exploring many opportunities to exploit our economies of scale.”
About Titan Global Holdings
Antwort auf Beitrag Nr.: 32.625.309 von new_investor am 30.11.07 11:24:47Die Zahlen sind nicht das gelbe vom Ei.
10-K: http://secfilings.nasdaq.com/filingFrameset.asp?FileName=000…
Total revenues: $111,345 million
Operating loss: $14,109 million
Net loss: $23,748 million
Total stockholders' deficit: $30,148 million
10-K: http://secfilings.nasdaq.com/filingFrameset.asp?FileName=000…
Total revenues: $111,345 million
Operating loss: $14,109 million
Net loss: $23,748 million
Total stockholders' deficit: $30,148 million
Antwort auf Beitrag Nr.: 32.626.696 von benefactor am 30.11.07 13:10:45Genauso sehen es die Ami´s auch....
Jetzt wissen wir auch warum der Kurs die ganze Zeit abbröckelt...
Schau mer mal
Jetzt wissen wir auch warum der Kurs die ganze Zeit abbröckelt...
Schau mer mal
Titan Global Holdings Integrates Recent Acquisitions to Strengthen Record Revenue and Earnings Guidance for Fiscal 2008
Monday December 3, 3:30 am ET
Revenues from Newly Launched Titan Divisions Enhance Comfort for Projected $747 Million in Revenues and $17 Million in Earnings or $0.24 to $0.28 Per Share for Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high growth diversified holding company, today announced the Company has affirmed fiscal year 2008 comfort for the Company’s revenue guidance in the range of $735 million to $747 million and earnings guidance in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share. Titan’s revenue guidance represents a seven fold increase over fiscal year 2007 revenue results.
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The projected revenue and earnings are a direct result of the Company’s aggressive and successful acquisition strategy that resulted in the purchase of Appalachian Oil Company and USA Detergents in September 2007, and the assets of Nexus Nano Electronics last month. These acquisitions followed the launch of Titan Global Energy, Titan Global Brands and Titan Card Services late in fiscal 2007. The projected operating earnings exclude expenses and income related to the valuation of non-cash derivative financial instruments such as stock warrants and convertible debt instruments.
“In fiscal 2007, Titan significantly enhanced its senior management depth, integrated several new acquisitions and successfully streamlined operations,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “In Fiscal 2008, we are now focused on improving our balance sheet and completing opportunistic acquisitions for the value-added benefit of our shareholders. Recently we raised approximately $16 Million in equity to strengthen our balance sheet. We ask our loyal shareholders to judge our progress over quarter to quarter periods.”
“During our scheduled investor conference call later today, I look forward to answering the questions of our shareholders and providing greater transparency as to our strategies and direction,” continued Mr. Chance.
Statement to Shareholders:
”Last Friday our stock experienced unexplained volatility,” said David Marks, Chairman of Titan Global Holdings. “I remind all shareholders that less than one month ago upon our Nexus acquisition, we raised $5 Million from an institutional investor at $2.00 per share without fees, points, or any warrant coverage. It is self-evident this institutional investor regarded a $2.00 per share price for Titan as compelling.”
“We received questions regarding our recent filing of an Information Statement related to a possible reverse of our outstanding stock. This filing was in support of our pending application at the NASDAQ. The NASDAQ has a threshold entry share price of $4.00 per share,” said Scott Hensell, Chief Financial Officer of Titan Global Holdings. “While a reverse is a clear option to comply with the NASDAQ share price requirement, our shareholders need to appreciate this is a last resort. Alternatively, we have successfully consummated strategic acquisitions that resulted in the appreciation of our share price. We have and will continue to pursue such opportunities which may directly impact our public share price while our application is pending at the NASDAQ.”
“Our share price was $0.95 and $0.21 one and two years ago, respectively. Since Labor Day the weighted trading price of our stock has exceeded $2.00 per share and our recent high is $2.35 per share,” said Mr. Marks. “I can assure each of our longstanding and new loyal shareholders that Bryan, our team, and I regard your trust and loyalty as a privilege and we will work each day to reward you for your support and trust with financial performance and strategic achievement. We extend our heartfelt thanks for your support and loyalty.”
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. The Company takes advantage of valuable synergies between its subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2007 Titan generated in excess of $111 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million.
Monday December 3, 3:30 am ET
Revenues from Newly Launched Titan Divisions Enhance Comfort for Projected $747 Million in Revenues and $17 Million in Earnings or $0.24 to $0.28 Per Share for Fiscal 2008
DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high growth diversified holding company, today announced the Company has affirmed fiscal year 2008 comfort for the Company’s revenue guidance in the range of $735 million to $747 million and earnings guidance in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share. Titan’s revenue guidance represents a seven fold increase over fiscal year 2007 revenue results.
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The projected revenue and earnings are a direct result of the Company’s aggressive and successful acquisition strategy that resulted in the purchase of Appalachian Oil Company and USA Detergents in September 2007, and the assets of Nexus Nano Electronics last month. These acquisitions followed the launch of Titan Global Energy, Titan Global Brands and Titan Card Services late in fiscal 2007. The projected operating earnings exclude expenses and income related to the valuation of non-cash derivative financial instruments such as stock warrants and convertible debt instruments.
“In fiscal 2007, Titan significantly enhanced its senior management depth, integrated several new acquisitions and successfully streamlined operations,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “In Fiscal 2008, we are now focused on improving our balance sheet and completing opportunistic acquisitions for the value-added benefit of our shareholders. Recently we raised approximately $16 Million in equity to strengthen our balance sheet. We ask our loyal shareholders to judge our progress over quarter to quarter periods.”
“During our scheduled investor conference call later today, I look forward to answering the questions of our shareholders and providing greater transparency as to our strategies and direction,” continued Mr. Chance.
Statement to Shareholders:
”Last Friday our stock experienced unexplained volatility,” said David Marks, Chairman of Titan Global Holdings. “I remind all shareholders that less than one month ago upon our Nexus acquisition, we raised $5 Million from an institutional investor at $2.00 per share without fees, points, or any warrant coverage. It is self-evident this institutional investor regarded a $2.00 per share price for Titan as compelling.”
“We received questions regarding our recent filing of an Information Statement related to a possible reverse of our outstanding stock. This filing was in support of our pending application at the NASDAQ. The NASDAQ has a threshold entry share price of $4.00 per share,” said Scott Hensell, Chief Financial Officer of Titan Global Holdings. “While a reverse is a clear option to comply with the NASDAQ share price requirement, our shareholders need to appreciate this is a last resort. Alternatively, we have successfully consummated strategic acquisitions that resulted in the appreciation of our share price. We have and will continue to pursue such opportunities which may directly impact our public share price while our application is pending at the NASDAQ.”
“Our share price was $0.95 and $0.21 one and two years ago, respectively. Since Labor Day the weighted trading price of our stock has exceeded $2.00 per share and our recent high is $2.35 per share,” said Mr. Marks. “I can assure each of our longstanding and new loyal shareholders that Bryan, our team, and I regard your trust and loyalty as a privilege and we will work each day to reward you for your support and trust with financial performance and strategic achievement. We extend our heartfelt thanks for your support and loyalty.”
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. The Company takes advantage of valuable synergies between its subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2007 Titan generated in excess of $111 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million.
Titan Global Holdings Files Hindsight Audit of Appalachian Oil Company with SEC
Appco Produced Revenue of $420 Million, $406 Million, and $317 Million for the Trailing Three Years
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, filed the hindsight audit of Appalachian Oil Company (“Appco”) with the Securities and Exchange Commission (“SEC”). The audit results of Appco are consistent with Titan’s historical revenue guidance on Appco. Appco produced revenues of $385 Million for the eleven months ended August 31, 2007, or $420 Million on an annualized basis, and $406 Million and $317 Million for the twelve months ended September 30, 2006 and 2005, respectively.
This week Titan affirmed revenue and earnings guidance for fiscal 2008. Titan Global Energy is expected to contribute $433 million to Titan’s stated overall revenue guidance with a range of $735 to $747 Million for fiscal 2008.
“We were pleased to complete our hindsight audit of the recently acquired Appalachian Oil Company and our filing with the SEC,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “These audits affirm our revenue guidance of $433 Million for fiscal year 2008. With the audit behind us, we are focused on strategic options to leverage Appco’s distribution prowess with higher margin biofuel products and optimizing margins on inside sales as well.”
Appco is the first acquisition of the Company’s recently announced Titan Global Energy, which was formed to aggregate energy assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to complement Appco’s existing retail and wholesale distribution footprint.
In Late October, 2007, Titan announced its supply agreement with Tate & Lyle to advance the Company’s efforts to establish secure sources of biofuels and a higher margin product channel. Tate & Lyle, based in London, is one of the world’s leading manufacturers of renewable food and industrial ingredients, with approximately $6 billion in annual revenues.
The agreement was part of the strategic vision set forth by Titan Energy to expand its biofuel product lines and revenues through strategic agreements and acquisitions. The agreement is expected to enhance Titan’s core profitability at wholesale and retail distribution, as well as further Titan Global Holdings’ mission and commitment to environmental responsibility across its various divisions and business units.
Titan Energy has and will continue to capitalize on initiatives within the energy sector that can provide significant opportunities for revenue and earnings growth. Titan is seeking acquisitions to complement Appco’s existing retail and wholesale distribution footprint, which currently reaches more than 160 petroleum and fuel product dealers in the southeastern United States, along with its 56 convenience store locations.
Appco’s strong revenue base and storied 84-year history provides Titan with an ideal platform company for further expansion of its energy efforts. Furthermore, Appco’s management team has more than 125 years experience in the petroleum and convenience store industry. Titan will preserve and leverage Appco’s industry-leading management team.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. The Company takes advantage of valuable synergies between its subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2007 Titan generated in excess of $111 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million.
Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan’s growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
For more information, please visit: www.titanglobalholdings.com.
Appco Produced Revenue of $420 Million, $406 Million, and $317 Million for the Trailing Three Years
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, filed the hindsight audit of Appalachian Oil Company (“Appco”) with the Securities and Exchange Commission (“SEC”). The audit results of Appco are consistent with Titan’s historical revenue guidance on Appco. Appco produced revenues of $385 Million for the eleven months ended August 31, 2007, or $420 Million on an annualized basis, and $406 Million and $317 Million for the twelve months ended September 30, 2006 and 2005, respectively.
This week Titan affirmed revenue and earnings guidance for fiscal 2008. Titan Global Energy is expected to contribute $433 million to Titan’s stated overall revenue guidance with a range of $735 to $747 Million for fiscal 2008.
“We were pleased to complete our hindsight audit of the recently acquired Appalachian Oil Company and our filing with the SEC,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “These audits affirm our revenue guidance of $433 Million for fiscal year 2008. With the audit behind us, we are focused on strategic options to leverage Appco’s distribution prowess with higher margin biofuel products and optimizing margins on inside sales as well.”
Appco is the first acquisition of the Company’s recently announced Titan Global Energy, which was formed to aggregate energy assets that can provide significant opportunities for revenue and earnings growth, such as the continued vertical integration of the supply chain, as well as future acquisitions to complement Appco’s existing retail and wholesale distribution footprint.
In Late October, 2007, Titan announced its supply agreement with Tate & Lyle to advance the Company’s efforts to establish secure sources of biofuels and a higher margin product channel. Tate & Lyle, based in London, is one of the world’s leading manufacturers of renewable food and industrial ingredients, with approximately $6 billion in annual revenues.
The agreement was part of the strategic vision set forth by Titan Energy to expand its biofuel product lines and revenues through strategic agreements and acquisitions. The agreement is expected to enhance Titan’s core profitability at wholesale and retail distribution, as well as further Titan Global Holdings’ mission and commitment to environmental responsibility across its various divisions and business units.
Titan Energy has and will continue to capitalize on initiatives within the energy sector that can provide significant opportunities for revenue and earnings growth. Titan is seeking acquisitions to complement Appco’s existing retail and wholesale distribution footprint, which currently reaches more than 160 petroleum and fuel product dealers in the southeastern United States, along with its 56 convenience store locations.
Appco’s strong revenue base and storied 84-year history provides Titan with an ideal platform company for further expansion of its energy efforts. Furthermore, Appco’s management team has more than 125 years experience in the petroleum and convenience store industry. Titan will preserve and leverage Appco’s industry-leading management team.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. The Company takes advantage of valuable synergies between its subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2007 Titan generated in excess of $111 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million.
Titan’s operating divisions include the following:
Titan’s Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc., Pinless, Inc., Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan’s worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan’s growing family of prepaid products, currently sold through a nationwide network of more than 71,000 retailers.
Titan’s Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
For more information, please visit: www.titanglobalholdings.com.
OTC Journal
It always seems to happen when I'm traveling, and I seem to be traveling quite a bit these days. Last week Titan Global filed it's year end 10K audited financial statement, which comes at a pretty weird time. Their fiscal year ends at the end of August. It's unusual. I was a bit behind the 8 ball digesting the news, as I was locked in a big, silver tube at 35,000 feet headed somewhere. I know I was up there, I just don't remember where I was going.
The knee jerk reaction- the stock sold off in pretty dramatic fashion in very short order. The stock had been hanging in the $1.80 to $2 range in this fairly tumultuous market environment. On a high volume day (368,000 shares), the stock sold off to as low as $1.39, and rebounded the next day. We're within about $.10 of where we were when this whole thing started.
So, what didn't the market like about the 10K, or any other issue? Could it have been the $23.8 million in net losses the company booked? How about the possibility of a reverse split, which was mentioned in a subsequent release. The microcap market hates reverse splits.
I believe the abrupt sell off in the stock was a combo package- the $23.8 million in losses, the potential reverse split, and the overall climate of fear in today's market.
There is unrecognized value here, and you have to drill down to find it. The stock does not trade efficiently. There simply isn't a big enough audience. If they can deliver on promised results, this stock will eventually have to trade up from the current level.
$23.8 million in losses? Is that a real number? Here's the facts- you tell me. $14 million of the losses were booked because the stock went up in price. Imagine that. The underlying value of previously issued warrants went up because the stock went up- forcing the company to book non cash losses- it's the new Draconian accounting procedures that skew these presentations.
Another $7.1 million or so went to depreciation and amortization. These kinds of expenses are a bit more traditional, but still are non cash.
The last non cash charge was booked as "deferred revenue"- a treatment the company had not engaged in before- out of their telecom division. It relates to their 30 million phone cards sold annually. In this case, $12 million worth of long distance time has already been sold on their cards- it just hasn't been used. Therefore, it's booked as an expense. Once it gets used, it becomes revenues. TTGL already has that $12 million in cash to use as it sees fit. Their product has already been sold.
Here's how it all pencils out in the end:
$23.8 million in losses
Less $14 million because the stock went up (non cash)
Less $7.1 million in depreciation and amortization (non cash)
Less $12 million in deferred revenue in the telecom division (they already have the cash)
Equals: $9.3 million in operating, cash flow profits for the year.
That's a little over $.16 per share in positive cash flow.
So, what's not to like about these numbers? This is shaping up into one heck of a strong performer. They need to get these financing related warrants all converted to common stock so they don't have to book losses as the price goes up, and need to get in front of more institutional investors who can understand the model and get involved in the stock.
On a go forward basis, this gets really intriguing. Future financial filings will contain results from their recent leverage buy out divisions- specifically Appalachian Oil and USA Detergent. Both companies were bought in September, so none of their performance shows up in year end numbers.
With these two acquisitions, TTGL believes it can generate nearly $750 million (yes, that's 3/4 of $1 billion) in revs in fiscal 2008, and make $15 to $20 million. All this, with little or no equity dilution (straight debt).
Here's the chart- look familiar? In this turbulent market, it is a familiar pattern. Stocks have definitely come down in the last month, and many are very close to their 61.8% retracement levels.
Right now, I believe these pullbacks are buying opportunities, but investors are unwilling to act. There is too much headline shock every day related to the financial services behemoths that are being forced to take these big write downs in loan portfolios.
It's the wrong season for the market to go into a comatose state. There is a lot more upside. There might be a few more weeks or a month of headline shock, but the shock is a bit overdone. Once bids start firming up the values of performing loan portfolios, financials will turn, and the headline shock will be long forgotten.
In the meantime, TTGL stock continues its pattern of two steps forward, one back. Financially, the company is moving forward quite nicely. The reverse split contemplated to attain the $4 minimum to get a NASDAQ Listing does not seem imminent. If it happens with a NASDAQ listing, it will be a positive. They delivered $9.3 million more than their expenses in 2007.
Remember this- earnings are nice, but earnings are an accounting opinion; cash flow is a fact. If you have more money coming in than going out, you will be around for a long time. This past fiscal year, TTGL had $9.3 million more coming in than going out.
I believe TTGL will be the first OTC Journal featured company to come from nowhere to $1 billion in annual revenues. I'm just not sure when it will be reflected in the stock price. The stock market is all about rooting out growth and value before the rest of the world finds out, then having the patience to wait for others to want to bid up the stock.
You can just wait for a more favorable market, or accumulate. Like the Hollywood writers, microcap buyers are currently on strike. They will be back, and you should be positioned ahead of them.
TTGL- the $95 million market cap vs $750 million in annual sales this coming fiscal year- still, the most "undervalued" and least recognized company I follow.
http://www.otcjournal.com/archive/listserv/20071204-1.html
It always seems to happen when I'm traveling, and I seem to be traveling quite a bit these days. Last week Titan Global filed it's year end 10K audited financial statement, which comes at a pretty weird time. Their fiscal year ends at the end of August. It's unusual. I was a bit behind the 8 ball digesting the news, as I was locked in a big, silver tube at 35,000 feet headed somewhere. I know I was up there, I just don't remember where I was going.
The knee jerk reaction- the stock sold off in pretty dramatic fashion in very short order. The stock had been hanging in the $1.80 to $2 range in this fairly tumultuous market environment. On a high volume day (368,000 shares), the stock sold off to as low as $1.39, and rebounded the next day. We're within about $.10 of where we were when this whole thing started.
So, what didn't the market like about the 10K, or any other issue? Could it have been the $23.8 million in net losses the company booked? How about the possibility of a reverse split, which was mentioned in a subsequent release. The microcap market hates reverse splits.
I believe the abrupt sell off in the stock was a combo package- the $23.8 million in losses, the potential reverse split, and the overall climate of fear in today's market.
There is unrecognized value here, and you have to drill down to find it. The stock does not trade efficiently. There simply isn't a big enough audience. If they can deliver on promised results, this stock will eventually have to trade up from the current level.
$23.8 million in losses? Is that a real number? Here's the facts- you tell me. $14 million of the losses were booked because the stock went up in price. Imagine that. The underlying value of previously issued warrants went up because the stock went up- forcing the company to book non cash losses- it's the new Draconian accounting procedures that skew these presentations.
Another $7.1 million or so went to depreciation and amortization. These kinds of expenses are a bit more traditional, but still are non cash.
The last non cash charge was booked as "deferred revenue"- a treatment the company had not engaged in before- out of their telecom division. It relates to their 30 million phone cards sold annually. In this case, $12 million worth of long distance time has already been sold on their cards- it just hasn't been used. Therefore, it's booked as an expense. Once it gets used, it becomes revenues. TTGL already has that $12 million in cash to use as it sees fit. Their product has already been sold.
Here's how it all pencils out in the end:
$23.8 million in losses
Less $14 million because the stock went up (non cash)
Less $7.1 million in depreciation and amortization (non cash)
Less $12 million in deferred revenue in the telecom division (they already have the cash)
Equals: $9.3 million in operating, cash flow profits for the year.
That's a little over $.16 per share in positive cash flow.
So, what's not to like about these numbers? This is shaping up into one heck of a strong performer. They need to get these financing related warrants all converted to common stock so they don't have to book losses as the price goes up, and need to get in front of more institutional investors who can understand the model and get involved in the stock.
On a go forward basis, this gets really intriguing. Future financial filings will contain results from their recent leverage buy out divisions- specifically Appalachian Oil and USA Detergent. Both companies were bought in September, so none of their performance shows up in year end numbers.
With these two acquisitions, TTGL believes it can generate nearly $750 million (yes, that's 3/4 of $1 billion) in revs in fiscal 2008, and make $15 to $20 million. All this, with little or no equity dilution (straight debt).
Here's the chart- look familiar? In this turbulent market, it is a familiar pattern. Stocks have definitely come down in the last month, and many are very close to their 61.8% retracement levels.
Right now, I believe these pullbacks are buying opportunities, but investors are unwilling to act. There is too much headline shock every day related to the financial services behemoths that are being forced to take these big write downs in loan portfolios.
It's the wrong season for the market to go into a comatose state. There is a lot more upside. There might be a few more weeks or a month of headline shock, but the shock is a bit overdone. Once bids start firming up the values of performing loan portfolios, financials will turn, and the headline shock will be long forgotten.
In the meantime, TTGL stock continues its pattern of two steps forward, one back. Financially, the company is moving forward quite nicely. The reverse split contemplated to attain the $4 minimum to get a NASDAQ Listing does not seem imminent. If it happens with a NASDAQ listing, it will be a positive. They delivered $9.3 million more than their expenses in 2007.
Remember this- earnings are nice, but earnings are an accounting opinion; cash flow is a fact. If you have more money coming in than going out, you will be around for a long time. This past fiscal year, TTGL had $9.3 million more coming in than going out.
I believe TTGL will be the first OTC Journal featured company to come from nowhere to $1 billion in annual revenues. I'm just not sure when it will be reflected in the stock price. The stock market is all about rooting out growth and value before the rest of the world finds out, then having the patience to wait for others to want to bid up the stock.
You can just wait for a more favorable market, or accumulate. Like the Hollywood writers, microcap buyers are currently on strike. They will be back, and you should be positioned ahead of them.
TTGL- the $95 million market cap vs $750 million in annual sales this coming fiscal year- still, the most "undervalued" and least recognized company I follow.
http://www.otcjournal.com/archive/listserv/20071204-1.html
Na, das war ja ein Tag heute... 
Hatte im Dezember einen Teil der Aktien zu 1,75 USD verkauft und habe heute fuer den gleichen Betrag die doppelte Anzahl Aktien bekommen. Nicht zu fassen, haette nie gedacht, dass wir nochmal unter einen Dollar gehen.
Ob's mutig oder dumm war, stellt sich dann naechste Woche heraus.
Dann sollten die Q1 08 Zahlen kommen inkl. Appco.
Sonst noch jemand dabei oder alle sprachlos bei dem Kursverlauf in den letzten Wochen? Na ja, viele waren es ja eh nie....
HH
Hatte im Dezember einen Teil der Aktien zu 1,75 USD verkauft und habe heute fuer den gleichen Betrag die doppelte Anzahl Aktien bekommen. Nicht zu fassen, haette nie gedacht, dass wir nochmal unter einen Dollar gehen.
Ob's mutig oder dumm war, stellt sich dann naechste Woche heraus.
Dann sollten die Q1 08 Zahlen kommen inkl. Appco.
Sonst noch jemand dabei oder alle sprachlos bei dem Kursverlauf in den letzten Wochen? Na ja, viele waren es ja eh nie....
HH
Antwort auf Beitrag Nr.: 33.001.644 von HHtrader am 10.01.08 02:34:14Na, das sah doch heute gar nicht schlecht aus. 1.19 USD +18%
Ich hoffe, die bekommen ihr Kommunikationsproblem in den Griff. Fundamental ist die Aktie laecherlich bewertet, MK von 64 MUSD bei einem erwarteten Umsatz von > 750 MUSD und Cash Flow von 9 MUSD Fiscal 07.
Naechste Woche kommen die Zahlen fuers erste Q und dann sollten wir uns freuen.
PS: Aktienrueckkauf geht weiter:
Titan Global Holdings Affirms Open Market Buy Back Plan
Board of Directors Continue to Cite Attractive Share Price and Company's Plan to Decrease Share Supply
Sehr wichtig auch:
Titan Global Holdings Announces Corporate Initiative to Simplify Financial Structure and Substantially Reduce Non-Cash Charges
Strategic Investor Crivello Group Agrees to Termination of Warrant for 10 Million Shares without Consideration
Damit sollte Titan auch endlich transparenter werden. Ich vermute, ein Grossteil des Kurseinbruches geht auf das Konto des hohen Verlustes, der nur auf den non-cash charges basiert.
Ich bin positiv eingestellt und freue mich erstmal ueber den Nachkauf. Hoffentlich macht uns der Gesamtmarkt nicht einen Strich durch die Rechnung.
HH
Ich hoffe, die bekommen ihr Kommunikationsproblem in den Griff. Fundamental ist die Aktie laecherlich bewertet, MK von 64 MUSD bei einem erwarteten Umsatz von > 750 MUSD und Cash Flow von 9 MUSD Fiscal 07.
Naechste Woche kommen die Zahlen fuers erste Q und dann sollten wir uns freuen.
PS: Aktienrueckkauf geht weiter:
Titan Global Holdings Affirms Open Market Buy Back Plan
Board of Directors Continue to Cite Attractive Share Price and Company's Plan to Decrease Share Supply
Sehr wichtig auch:
Titan Global Holdings Announces Corporate Initiative to Simplify Financial Structure and Substantially Reduce Non-Cash Charges
Strategic Investor Crivello Group Agrees to Termination of Warrant for 10 Million Shares without Consideration
Damit sollte Titan auch endlich transparenter werden. Ich vermute, ein Grossteil des Kurseinbruches geht auf das Konto des hohen Verlustes, der nur auf den non-cash charges basiert.
Ich bin positiv eingestellt und freue mich erstmal ueber den Nachkauf. Hoffentlich macht uns der Gesamtmarkt nicht einen Strich durch die Rechnung.
HH
Und weiter geht die Erholung: 1.30 USD + 9%
HH
HH
Form 10-Q for TITAN GLOBAL HOLDINGS, INC.
-----------------------------------------
30-Jan-2008
Quarterly Report
http://biz.yahoo.com/e/080130/ttgle.ob10-q.html
-----------------------------------------
30-Jan-2008
Quarterly Report
http://biz.yahoo.com/e/080130/ttgle.ob10-q.html
CORRECTING and REPLACING Titan Global Announces Revenue of $122 Million in First Quarter 2008
Wednesday January 30, 11:09 am ET
Quarterly Revenues Increase Four-fold Compared with Previous Year as Company Continues Integration of Recently Acquired Operating Divisions
http://biz.yahoo.com/bw/080130/20080130005378.html?.v=2&prin…
Wednesday January 30, 11:09 am ET
Quarterly Revenues Increase Four-fold Compared with Previous Year as Company Continues Integration of Recently Acquired Operating Divisions
http://biz.yahoo.com/bw/080130/20080130005378.html?.v=2&prin…
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