New Titan Communications President Articulates Vision for Future of Division
December 05, 2007
Titan Global Holdings, Inc (OTCBB:TTGL), a high growth diversified holding company, today reinforced its ongoing commitment to executing on new opportunities for the Company's Communications division as former Sprint Nextel director Brad Kropf officially begins his role as President.
"Building on the prior successes of Titan's Communications division is my number one priority," said Brad Kropf, President of Titan Communications. "Oblio Telecom and its trusted brands provide a foundation for our future growth. We will continue to seek ways to strengthen our network operations, reduce network costs, enhance call quality and seek key partnerships in strategic distribution channels. Continued release of new product offerings for our distribution partners is also a key objective."
Prior to joining Titan, Mr. Kropf served in leadership roles with Sprint Nextel Corporation. Most recently, Mr. Kropf served as Director of Sprint Nextel's Prepaid Solutions Group, which was responsible for both the retail and promotional sales of prepaid stored-value solutions. Mr. Kropf led all divisional functions including sales, marketing, product, operations, card production, logistics, strategic planning, and business development for the Prepaid Solutions Group, and transformed the business unit into one of Sprint Nextel's fastest growing businesses.
"As evidenced by Brad's addition, we are committed to the success of our Communications Division," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "This division has generated strong revenue and earnings growth in past years. We will continue to deploy capital to hire the best talent and commit the necessary resources to ensure our international network and wireless operations are market leaders. Brad's leadership and experience are invaluable in this process."
Titan Communications recently announced that it is continuing its unprecedented organic growth with the shipment of over 27,000 Ready Mobile PCS handsets since October 1, 2007. In October, Titan Wireless announced a distribution agreement with a national retail chain to distribute more than 36,000 Ready Mobile-branded PCS handsets.
These developments continue to validate the Company's high-growth business strategy focused on generating revenues from trusted wireless brand products through a retail distribution system that now reaches more than 86,000 locations.
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.
