CEO Discusses Record Guidance of Approximately $0.24 to $0.28 Per Share, Acquisition of USAD and $7.2 million Gain from AT&T Settlement
October 24, 2007
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, invites investors to view a transcript and audiocast of the Company's recent investor conference call, during which Chief Executive Officer, Bryan Chance details the Company's recent strategic achievements, including the acquisition of USA Detergents and a one-time gain of $7.2 million from a settlement with AT&T, as well as recently announced initial earnings guidance for fiscal year 2008 in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share.
"After we closed the USAD acquisition, our expansive and overlapping distribution network will now reach more than 86,000 domestic retail locations and 175 international locations," said Mr. Chance during the conference call. "That means for our shareholders, our management team and most importantly, our customers, we can begin offering a suite of... over 100 trusted brands that represent goods and services in communications, money transfer, personal care, laundry... in the United States and international points."
Mr. Chance also discussed Titan's record projected earnings growth, which is a direct result of the Company's aggressive acquisition strategy and high-growth business model that has recently resulted in the acquisition of Appalachian Oil Company and USA Detergents, as well as the launches of Titan Global Energy, Titan Global Brands and Titan Card Services in fiscal 2007.
"When you look at Titan and where Titan has been over the past four years, I believe the past is the best predictor of the future," said Mr. Chance. "If you look at Titan from a revenue perspective in 2004, Titan had global sales of $16 million, 2005 global sales of $22 million, fiscal 2006 global sales of $109 million. 2007 which we will publish in our annual report at the end of November will have increasing annual sales and we projected annual sales for fiscal 2008 between $735 million and $747 million."
To read the entire transcript please visit http://www.trilogy-capital.com/tcp/titan/.
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. 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 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.
