MIRAMAR BEACH, Fla.--(BUSINESS WIRE)--First Titan Corp. (OTCBB:FTTN) continues on its relentless drive to acquire sound, revenue-producing properties. Though the international oil & gas market has been sending mixed signals of late about future crude prices in reaction to world events such as Greece, Iran and China, one trend FTTN has kept firmly in its sights is coming demand. And indicators consistently point to record demand for oil in the years ahead.
Industry analysts peg the oil industry’s current woes on oversupply. However, several recent under the radar events show that supply and demand will soon come back into balance, which should stabilize prices and make for a smoother market for producers, especially smaller ones such as FTTN.
“We’re not looking at the short-term,” said FTTN CEO Sidney Jim. “We’re focused far past day-to-day spikes. Our research shows that beyond the current headlines, the demand for oil will be healthy in the coming months and years. Therefore, FTTN is ramping up discussions with a variety of companies and potential partners about oil producing assets that will allow us to build a strong portfolio capable of generating revenues for our company and its investors.”
For more information on FTTN’s oil and gas projects, please visit www.firsttitanenergy.com.
About First Titan Corp.
First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The Company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.