DALLAS--()--Titan Global Holdings, Inc. (OTCBB:TTGL), (“Titan”) a high-growth diversified holding company, has announced that Titan Global Brands will introduce Titan Wireless products through Appco’s extensive retail distribution system in the southeastern United States. The strategic plan, which is expected to be executed in October, 2007, is consistent with the Company’s stated strategic initiative to leverage and optimize overlapping distribution channels from its recent acquired subsidiaries.
“Appco’s distribution channels are perfect for the family of products produced by Titan’s Communication Division. Our efficient rate plans offer our customers the freedom to 'pay as you go' wherever they are. We look forward to increasing our retail footprint and subscribers in fiscal 2008.”
Last month Titan announced the formation of Titan Products Group to integrate, protect and expand brand management capabilities and to leverage and optimize growth from The Company’s distribution channels. Through its diverse family of subsidiaries, Titan owns or manages more than 100 trusted brands that are distributed through efficient, overlapping and expansive distribution channels. Titan’s distribution channels reach over 65,000 retail locations throughout the United States and in over 200 countries around the world.
"We are pleased to introduce our family of products to the Appco retail locations consistent with our other high-growth wireless initiatives," said Dennis Henderson, President of Titan Wireless. "We provide high quality, value priced handsets with access to efficient prepaid domestic and international termination rates. Most importantly, business is conducted with fiscal responsibility in mind, so we'll be able to deliver this value over the long term. As a result, our sales team is having great success as we expand our distribution footprint to more retail locations nationwide."
Titan Wireless, through its well-known brands Ready Mobile, Mojo Mobile, Picante Movil and Bravo, is a leading provider of cost effective prepaid wireless offerings through its mobile virtual network operator (MVNO) agreement with Sprint PCS. Titan Wireless completed its purchase of the assets of Ready Mobile, LLC, a national Sprint MVNO generating $12 million in annual revenues in May 2007.
"We are focused on create synergies between our brands and distribution channels," said Kurt Jensen, President of Titan Communications Division. "Appco’s distribution channels are perfect for the family of products produced by Titan’s Communication Division. Our efficient rate plans offer our customers the freedom to 'pay as you go' wherever they are. We look forward to increasing our retail footprint and subscribers in fiscal 2008."
About Titan Global Holdings
Titan Global Holdings, Inc. is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets, advanced technologies and energy. In its last fiscal year Titan generated in excess of $109 million in revenues on a consolidated basis.
Titan's Oblio Telecom Inc. ("Oblio") telecommunications subsidiary, based in Richardson, Texas, is a market leader in prepaid telecommunications products and the second largest publicly-owned international telecommunications company focused on the prepaid space. Oblio leverages strategic agreements with Tier 1 telecommunications leaders Sprint and Level3 to supply its brand-name prepaid calling cards. Annually Oblio sells an estimated 35 million of its brand-name prepaid calling cards through its established distribution channels estimated at more than 60,000 retail outlets.
Titan Wireless, Inc. ("T Wireless") is Titan's wireless subsidiary and is a mobile virtual network operator ("MVNO"). T Wireless sells its MVNO prepaid wireless products and wireless services through Oblio's established distribution channels. Titan's Electronics and Homeland Security division specializes in advanced manufacturing processes to provide commercial production runs and quick-turn delivery of printed circuit board prototypes for high-margin markets including Homeland Security and 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 stock quotes and 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 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 rate 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.
