InComm to Introduce Titan Prepaid International Products Over Proprietary POSA Network
November 13, 2007
Titan Global Holdings Inc. (OTCBB:TTGL), 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.
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 FastcardŽ 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.
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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.
