Titan Global Expands Wireless Initiative with Latest Generation Sanyo Wireless Technology Products
DALLAS -- Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today announced the expansion of its wireless initiative by offering advanced handsets and services including high quality pictures, video clips, and a MP3 player that enhance connectivity and further strengthen the Company's relationship with its tier-one telecommunications provider.
To support this initiative, Oblio recently acquired more than 3,500 Sanyo MVP 9000 units that bolster the Company's MVNO relationships through Oblio's Picante Movil(TM) brand, which offers wireless products and services designed specifically to address consumers in the nation's large and fast-growing Hispanic market segment.
"Enhancing wireless connectivity and offering feature rich products are essential to succeeding in the next generation communications industry," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "Our shareholders can expect Titan to continue investing in advanced technologies that position our brands as market leaders. Additionally, we believe that our vast customer base will greatly benefit from these handsets and enable us to reap greater revenues from extended usability."
The acquisition follows the recent launch of the Picante Movil(TM) wireless product, which marked the first brand extension of the Company's Picante prepaid calling card, already a proven and successful brand name among Spanish-speaking consumers, with millions of unique products sold through Oblio's extensive network of approximately 60,000 retailers.
The introduction of Oblio's new suite of prepaid wireless products under the Picante Movil brand followed the Company's extensive review of market data on the Hispanic market, a rapidly growing market sector that demonstrates a preference towards prepaid transactions.
"We are executing on our strategy of the opportunistic acquisition of assets to further our wireless business unit," said Kurt Jensen, President and Chief Executive Officer of Oblio Telecom. "These ESPN Mobile handsets once sold for in excess of $399, but due to our opportunistic purchase, we expect to channel them to shelves for less than $100 retail. As ESPN failed in its MVNO initiative, we have and will seek other MVNO assets as the industry continues to consolidate. We are poised to acquire and thrive in the MVNO space."
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 capitalizes on a range of technological innovations spanning telecommunications, electronics and homeland security. Derived from internal development and strategic acquisitions, Titan delivers cost-effective, secure, and environmentally-friendly solutions for its global family of customers.
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 Statement Under the Private Securities 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.
Contacts
Trilogy Capital Partners
Financial Communications:
Paul Karon, Toll-free: 800-592-6067
paul@trilogy-capital.com
To support this initiative, Oblio recently acquired more than 3,500 Sanyo MVP 9000 units that bolster the Company's MVNO relationships through Oblio's Picante Movil(TM) brand, which offers wireless products and services designed specifically to address consumers in the nation's large and fast-growing Hispanic market segment.
"Enhancing wireless connectivity and offering feature rich products are essential to succeeding in the next generation communications industry," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "Our shareholders can expect Titan to continue investing in advanced technologies that position our brands as market leaders. Additionally, we believe that our vast customer base will greatly benefit from these handsets and enable us to reap greater revenues from extended usability."
The acquisition follows the recent launch of the Picante Movil(TM) wireless product, which marked the first brand extension of the Company's Picante prepaid calling card, already a proven and successful brand name among Spanish-speaking consumers, with millions of unique products sold through Oblio's extensive network of approximately 60,000 retailers.
The introduction of Oblio's new suite of prepaid wireless products under the Picante Movil brand followed the Company's extensive review of market data on the Hispanic market, a rapidly growing market sector that demonstrates a preference towards prepaid transactions.
"We are executing on our strategy of the opportunistic acquisition of assets to further our wireless business unit," said Kurt Jensen, President and Chief Executive Officer of Oblio Telecom. "These ESPN Mobile handsets once sold for in excess of $399, but due to our opportunistic purchase, we expect to channel them to shelves for less than $100 retail. As ESPN failed in its MVNO initiative, we have and will seek other MVNO assets as the industry continues to consolidate. We are poised to acquire and thrive in the MVNO space."
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 capitalizes on a range of technological innovations spanning telecommunications, electronics and homeland security. Derived from internal development and strategic acquisitions, Titan delivers cost-effective, secure, and environmentally-friendly solutions for its global family of customers.
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 Statement Under the Private Securities 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.
Contacts
Trilogy Capital Partners
Financial Communications:
Paul Karon, Toll-free: 800-592-6067
paul@trilogy-capital.com
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