Application Further Validates Company’s Strategic Mission to Attract Institutional Investors and Build Long-Term Shareholder Value
Oct 01, 2007
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
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.
