CEO to Discuss Strategy for Aggregating Undervalued Assets in Dynamic Energy, Communications, Homeland Security and Consumer Goods Sectors
November 30, 2007
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, will hold an investor conference call on December 3, 2007, at 12 p.m. Eastern, to discuss the Company's recently announced financial performance for fiscal 2007. The Company's record $111 million in revenues and $9.3 million in operating cash flow underscores management's follow through and successful acquisition strategy.
Titan also recently released initial earnings guidance for fiscal year 2008 in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share. The record projected earnings growth is a direct result of the Company's aggressive acquisition strategy and high-growth business model that has recently resulted in the acquisition of Appalachian Oil Company and USA Detergents, as well as the launches of Titan Global Energy, Titan Global Brands and Titan Card Services in fiscal 2007.
"In fiscal 2007, Titan began its transformation into a formidable conglomerate with a diversified portfolio of subsidiaries generating fast-growing revenues," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Titan has completed three acquisitions in our first quarter of fiscal year 2008 that add more than $465 million in revenues based on historical results. This conference call will serve as an ideal way for me to speak directly to investors concerning Titan's performance in fiscal year 2007 and the exciting acquisitions already made in first quarter of fiscal year 2008."
Callers within the United States can access the conference call by calling 800-288-8961; when prompted tell the operator you would like to connect to the 'Titan Global Holdings conference call.' International callers can dial 612-332-0107. An online audio web simulcast of the call will also be accessible at http://www.trilogy-capital.com/tcp/titan/.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. The Company takes advantage of valuable synergies between its subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2007 Titan generated in excess of $111 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 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.
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 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.
