Appointment Consistent with Titan's Corporate Vision to Expand Synergistic Communication Investments
June 04, 2008
Titan Global Holdings, Inc. ("Titan") (Pink Sheets: TTGL), a high growth diversified holding company, today announced the re-appointment of telecom industry and Titan veteran Kurt Jensen as the President and Chief Executive Officer of Titan's expanding Communications Division.
Recently, Titan announced its corporate vision for Titan Communications:
To support and serve the communication needs of first and second generation Americans and their friends and family around the globe. Through a combination of owned and independent but affiliated companies, Titan will maintain a presence in cutting edge communication technology, international wholesale communication, and the worldwide distribution of prepaid international phone cards.
To fulfill this corporate vision, Titan has developed four distinct business models:
(1) Global Distribution of Prepaid Telecommunication Products. Wholly owned Planet Direct, Inc. is an innovator in the global distribution of prepaid international long distance products;
(2) Owned Prepaid Network Platform. Wholly owned Titan Communications, Inc. is an owner and operator of switching and network equipment serving the prepaid telecommunications industry;
(3) International Wholesale Communications. Titan has announced its intentions to either form or invest into a company focused on the international wholesale communications segment; and,
(4) Communications Technology. Titan is in advance stage discussions to acquire a dynamic communications technology company. This company developed and owns proprietary technology for the management of prepaid platforms as well as network load balancing and management.
Most recently, Mr. Jensen served as Executive Vice President Global Mergers & Acquisitions to effectively capitalize on new strategic opportunities. Prior to joining Titan in 2005, Mr. Jensen served in various leadership roles in the telecom industry with tier one providers.
In addition, telecom industry and Titan veteran Adam McMullen was promoted to Executive Vice President of Titan's Communications Division. Mr. McMullen has extensive experience leading emerging telecommunications companies in the areas of product development, marketing, advertising management, and e-commerce development.
Titan's Communications Division reported revenue of $88 million and $89 million for fiscal 2007 and fiscal 2006, respectively.
"Over the last six months, we have spent an enormous amount of time and energy analyzing our communications business models and opportunities to grow them along parallel segments that offer synergies to our core communications businesses," said Mr. Jensen. "With the support of Titan's senior management, Adam and I are executing on these opportunities and assembling a team of executives and strategic partners to fulfill our corporate vision and achieve our goals."
"Kurt and I have developed a close working relationship and we are confident that we are assembling the team and resources to significantly grow the combined investments of Titan in the communications space," said Mr. McMullen. "We have and will attract seasoned professionals to develop, manage and distribute compelling communications products."
"After the recent discovery of troubles at our Oblio unit, Kurt and Adam aggressively intervened and helped develop strategic communication opportunities for growth," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Their efforts are beginning to bear fruit. We are delighted with the progress."
Mr. Jensen replaced Brad Kropf, who resigned as President and CEO of Titan's Communication Division.
"Over the last six months, block by block, we have rebuilt Titan's foundation at and across each of our divisions," said David Marks, Chairman of Titan Global Holdings. "The fruits of these efforts are going to become increasingly visible to our shareholders."
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 and distribution.
Titan's operating divisions include the following:
The Titan Global Energy Division owns and operates traditional and next-generation renewable energy and fuel assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
Titan's Communications Division serves the communication needs of those individuals that have emigrated from their host country to the United States or other countries and plans to address a range of high-growth markets in the international telecommunication segments, including communication technology, platform management, international wholesale communication and the distribution of prepaid international telecommunication products.
Titan Global Brands designs, develops, and distributes consumer products from value categories to high end branded categories, through its existing distribution channels and new ones suitable for such products. Together, it integrates, protects and expands its consumer brand management capabilities to leverage and optimize growth across Titan's worldwide distribution channels.
Titan Card Services plans to capitalize on the burgeoning multibillion-dollar international prepaid money transfer sector. Titan Card Services' proprietary technology provides for convenient and efficient international money transfers.
Titan's Electronics and Homeland Security Division includes Titan PCB East, Inc., Titan Electronics Inc., and NEO EMS, 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.
Trilogy Capital Partners
Financial Communications
Ryon Harms, Toll-free: 800-592-6067
info@trilogy-capital.com
