Company Continues to Expand Market Share and Improve Margins with New International Long Distance Products Powered Starttalk Division
October 23, 2007
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.
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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.
