Titan Global Holdings Provides Update on Revenue Guidance for Fiscal Year 2007.Management Anticipates Growth at Unprecedented Levels with Record Revenues and 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 , Reflecting Acquisition Strategy and PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. Division Spin Off 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. -- 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, announced today that it expects to meet or exceed previously issued revenue guidance of $145 million and earnings before interest, depreciation, taxes and amortization (EBITDA) of $18.5 million. The reaffirmation of prior guidance reflects Titan's continued growth trajectory and the recently announced spin out of the Printed Circuit Board Division. The company also clarified the previously issued guidance by operational subsidiary adding estimates reaching as high as $172.5 million in revenues and $22.5 million in EBIDTA EBIDTA Earnings Before Interest Depreciation Taxes and Amortization for fiscal 2007. The estimates are detailed below: [TABLE OMITTED] Communications Division "Our Communications Division continues to grow at unprecedented levels," said Kurt Jensen, President and Chief Executive Officer of Titan's Communications Division. "The launch of our StartTalk business unit and the continued growth with our tier one strategic partners is generating tremendous organic growth in our prepaid international calling card division. We expect continued growth and profitability in the coming quarters as we introduce new products from our strategic tier one partners and StartTalk to our growing distribution channels." "Picante pi·can·te adj. 1. Prepared in such a way as to be spicy. 2. Having a sauce typically containing tomatoes, onions, peppers, and vinegar. Movil is propelling the growth of Titan's Wireless Division in our second fiscal quarter of 2007," said Bill Streidl, Executive Vice President of Oblio Telecom. "The contemplated acquisition of Ready Mobile initiates our plan to aggressively and efficiently consolidate the 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. ) market." Titan's Communications Division includes Oblio Telecom, Inc., a market leader in prepaid telecommunications and the second largest publicly owned Publicly owned can refer to:
System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , Inc., a prepaid wireless communications and mobile virtual network operator. 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 "Titan's Electronics and Homeland Security Division expects rapid growth in the next two quarters of fiscal year 2007," said Curtis Okumura, President and Chief Executive Officer of Titan's Electronics and Homeland Security Division. "The addition of Mike Kadlec in the second quarter has energized our sales efforts." Following Titan's recent announcement to spin off the PCB Division, Titan continues to add new customers at an unprecedented pace. The Company foresees continued opportunities for growth in its printed circuit board operations with continued market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" and added product offerings such as Titan Fastrac. Titan's Electronics and Homeland Security Division includes PCB East and PCB West. These companies specialize in the manufacturing of advanced circuit boards and other high tech products for military and high-tech clients, such as Textron, and generated record revenues in 2006. Titan's PCB East holds the highly coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. 31032 manufacturing certification from the U.S. Department of Defense. Summary "Titan's overriding goals for fiscal year 2007 are to strengthen the Company's balance sheet, strengthen each subsidiaries market position through organic growth and strategic acquisitions, and position the Company and its subsidiaries to best exploit opportunities for future success," stated Bryan Chance, President and Chief Executive Officer of Titan Global Holdings, Inc. "Our team is committed to the achievement of this plan and the continued creation of industry leading value to our customers which will ultimately create lasting shareholder value." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Titan's senior management, the Company is on track to reach or surpass previous guidance estimates for fiscal 2007. During the first two quarters of fiscal year 2007, Titan refinanced its senior credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities , profitably grew revenue and strengthened market position. Additionally, the Company announced the spin out of its Printed Circuit Board Division in order to capitalize on unique growth opportunities. 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 $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 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 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. |
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