Distribution Network to Reach Approximately 87,000 Domestic and International Retail Locations for Company’s Portfolio of Brand Name Products
Titan Global Holdings, Inc. (OTCBB:TTGL), 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.
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.
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.
Oct 02, 2007
