Continued Growth in Business Units Validates Company’s Rep-Centric Business Development Strategy
Sep 25, 2007
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), 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.
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.
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.
