Titan Global Holdings Receives Three Grants from Tennessee Governor to Support Biofuel Initiatives at Appco Refueling Stations

DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today announced that the Company’s recently acquired Appco division has received three Green Island Corridor Network Grants awarded by Tennessee Governor Phil Bredesen. The grants provide state support for Titan’s stated strategic mission to secure a supply of biofuels products through strategic agreements and acquisitions.

“The Appco team will continue to seek opportunities to lead our markets in the provision of cleaner, more environmentally friendly fuels”

“Awarding these grants today places us one step closer to making biofuels more commercially available to all Tennesseans,” said Governor Bredesen in a press release written by the Tennessee Department of Transportation. “By establishing this network of retail biofuel stations along our interstates and major highways, we are giving Tennesseans more choices at the pump. By increasing the availability of biofuels, we’re also able to help reduce vehicle emissions, help protect public health and reduce our dependence on petroleum.”

The goal of the Green Island Corridor Network grant program is to place biofuel stations no more than one hundred miles apart along Tennessee’s interstates and major highways.

The three grants, totaling more than $190,000, will be used to install underground storage tanks and dispensers to sell either E85 (ethanol) or B20 (biodiesel) at three of Appco’s refueling stations, including locations in Johnson City, in Unicoi County and Sullivan County. The grants are funded through $1.5 million in state funds provided by the Governor and approved by the General Assembly in the 2007 state budget. The Green Island grant program will reimburse grantees for 80% of the cost to install biofuels infrastructure up to a maximum of $45,000 per E85 or B20 pump.

“We applaud the Governor’s strategic plan to provide the citizens of Tennessee with environmentally friendly choices at the pump,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “We look forward to ensuring that these grants are leveraged to make the state of Tennessee a leader in the alternative energy movement. These grants are tremendous for the state of Tennessee, the customers of Appco and Titan’s shareholders.”

“The Appco team will continue to seek opportunities to lead our markets in the provision of cleaner, more environmentally friendly fuels,” stated Marty Anderson, President and Chief Executive Officer of Appalachian Oil Company. “We recently signed agreements improving pricing and access to Ethanol and we are developing other plans to leverage our efficient distribution network to lead our markets.”

Recently, Titan completed a biofuel supply agreement with NewGen Technologies, Inc. (“NewGen”). Under the terms of the agreement, Titan and NewGen entered into a contract for a term of 10 years providing Refuel America, Inc., a wholly owned subsidiary of NewGen, with the right to supply biofuel products to Appco or its affiliates at the then prevailing market price for such biofuel products at the time an order is placed.

E85 refers to motor fuel blends of 85 percent ethanol and 15 percent gasoline. Ethanol is typically produced from corn and other grain products. B20 is a blend of 20 percent biodiesel and 80 percent diesel fuel. Biodiesel is made from renewable sources such as soybean oil and other vegetable oils or animal fats.

About Titan Global Holdings

Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries capitalizing on multi-billion 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.

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 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.