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Titan Global Holdings Announces Substantial E-Commerce Initiative and Launch at WhyUseIt.com to Expand Market Reach.


New E-Commerce Initiative Anticipated to Drive to $10 Million in Revenue and $2 Million in EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become  for Company's Pinless Inc. Unit by Second Year

DALLAS -- Titan Global Holdings, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: TTGL TTGL Tengen Toppa Gurren Lagann (anime)
TTGL Tactical Training Group Atlantic
), a high-growth diversified holding company, today announced that Pinless Inc., a unit of Titan's Communications Division, will launch a significant expansion of its www.WhyUseIt.com E-Commerce web-based product suite to create a new, high-growth revenue stream for its international telecommunications products.

The new E-Commerce Initiative is designed to significantly expand Titan's customer base by providing a new internet-powered pathway to market high-demand products to longtime, loyal customers.

In the first year of the E-Commerce initiative's launch -- calendar year 2007 -- Titan's Pinless unit anticipates revenue of $5 million and $1 million in earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
:EBITDA = Operating Revenue – Operating Expenses + Other Revenue
 (EBITDA). Within calendar year 2008, Pinless anticipates revenue of $10 million, with $2 million in EBITDA.

The Pinless E-Commerce initiative will leverage the loyal customer base and track record of success in international communications products that Titan has already achieved through its industry-leading Oblio Telecom subsidiary. Products and services will be marketed through Titan's WhyUseIt.com web portal See portal. .

Pinless and Oblio's customers largely include first and second generation Americans that routinely communicate with family and friends overseas. Pinless was first developed to support those first and second generation Americans that have established credit and prefer the convenience of managing their account purchases of prepaid communication services and products online.

"Oblio's portfolio of retail and cash based prepaid services and products for first and second generation Americans are well known and trusted," said Bill Streidl, Executive Vice President of Oblio Telecom, Inc. "Our expanded product offerings and convenient web-based interface will support the customers that have come to know and trust us but now have internet connectivity and established credit to make their purchase of our communication services and products online."

Formed in 2004, Pinless is Titan's web-based marketing platform. Through a web-based interface, Pinless provides its customers with the ability to order and re-charge virtual prepaid communication services and products with a payment made by a secure transaction such as a debit, credit or prepaid credit card.

Through the Pinless initiative, www.WhyUseIt.com will expand its offerings and customer functionality to provide its customers with new communication services and products. In addition to its legacy product suite, customers will soon be able to order a wide variety of communication services and products. Pinless anticipates the completion of its web-based expansion and product launch by December 31, 2006.

"The expansion of our web-based service and product offerings is a natural progression of our business model," said Bryan Chance, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Titan Global Holdings, Inc. "This is a logical step toward adding incremental Additional or increased growth, bulk, quantity, number, or value; enlarged.

Incremental cost is additional or increased cost of an item or service apart from its actual cost.
 revenue and earning growth based on increased margins as our costs to support this incremental business is lower than our Oblio's core costs."

Oblio Telecom Inc., a unit of Titan's Communication Division, creates, markets, and distributes annually 35 million prepaid International calling cards and other products on a cash basis through its expanding nationwide distribution network which includes over 60,000 retail locations across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. .

"My management team and I believe that Pinless represents incremental sales and earnings to Titan without impacting Oblio unit's core business. The focus of WhyUseIt.com is those first and second generation Americans with established credit and internet access See how to access the Internet. ," said Kurt Jensen, President and CEO of Oblio Telecom, Inc. "As a lead-up to our launch, we will market widely to our target market through traditional and web-based methods."

About Titan Global Holdings

Titan Global Holdings, Inc. ("Titan") (OTCBB: TTGL) is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets and advanced technologies. In its last fiscal year Titan generated in excess of $110 million in revenues on a consolidated basis.

Titan's Oblio Telecom Inc. ("Oblio") telecommunications subsidiary, based in Richardson, Texas Richardson is a suburb in Dallas County and Collin County, Texas. As of the 2000 census, the city had a total population of 91,803, while according to a 2006 estimate, the population had grown to 99,200. , is a market leader in prepaid telecommunications products and the second largest publicly-owned international telecommunications company See telecom 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 A Mobile Virtual Network Operator (MVNO) is a company that provides mobile (sometimes called wireless or cellular) telephone service but does not have its own allocation of the radio frequency spectrum nor all of the infrastructure required to provide mobile telephone service.  ("MVNO (Mobile Virtual Network Operator) A reseller of wireless services. MVNOs do not own licensed spectrum and typically do not have any of their own wireless network infrastructure. "). T Wireless sells its MVNO prepaid wireless products and wireless services through Oblio's established distribution channels.

Titan's Electronics and Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security
Department of Homeland Security

executive department - a federal department in the executive branch of the government of the United States
 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/. 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 Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement Under the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 30, 2006
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