Titan Global Holdings Announces Reorganized Ownership of USA Detergents
Upon Exercise of Option Agreement USA Detergents Owned by Titan, Major Strategic Partner and Current Senior Management
DALLAS--Titan Global Holdings, Inc. (OTCBB:TTGL) ("Titan"), a high-growth diversified holding company, today announced the reorganized ownership upon closing of USA Detergents (USAD). USAD has a strategic relationship with Church & Dwight Co. Inc., parent company of the Arm and Hammer line of premium brands, through distribution, license and manufacturing agreements. If Titan exercises its referenced option, of the re-organized USAD, Church & Dwight will own 7.5% and the remaining 12.5% will be owned by the existing senior management of USAD.
Last week Titan announced its execution of a definitive option agreement to purchase 80% of the outstanding stock of USAD. During the sixty day option period Titan will guarantee bridge financing up to $1.5 million for USAD's continuing operations. During the sixty day option period, Titan has the right to exercise its option to purchase 80% of the outstanding stock in exchange for the referenced bridge financing.
USAD generated revenues of $56.8 Million in 2006. USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000 square foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
USAD is a manufacturer and distributor of quality and mid-priced laundry care products, household cleaners, personal care items, candles and air fresheners. Its high quality product mix is categorized as "Branded Value," with retail prices featured in the medium to low price range.
Today USAD distributes mixed truckloads of nationally-recognized laundry, cleaner and candle brands at attractive prices and in unique merchandising configurations. By leveraging brand extensions and licensing agreements with consumer product conglomerates, USAD's brands include Xtra, Arm & Hammer, Aim, Close-up, Pepsodent, Betty Crocker, Snapple, Fine Care, Brillo, Touch of Glass, Fabulous and Oxymax. Consistent with the distribution focus of Titan's other divisions, USAD's distribution footprint serves small and mid-sized retailers, wholesalers and distributors that serve Metropolitan areas in the U.S. and internationally.
"Titan and USAD's existing shareholders have agreed to a structure for the ownership of the re-organized USAD that will provide all parties with economic and strategic alignments," said Frank Orlando, Chief Restructuring Officer of USA-Detergents.
"We are pleased to work with USAD's talent management and with Church & Dwight as a strategic partner," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Together we will work to grow USAD's distribution and revenue while exploring complimentary strategies to grow volume from our other business units."
Titan recently announced the formation of Titan Global Brands to integrate, protect and expand brand management capabilities and to leverage and optimize growth from The Company's distribution channels. Through its diverse family of subsidiaries, Titan owns or manages more than 100 trusted brands that are distributed through efficient, overlapping and expansive distribution channels. Titan's distribution channels reach over 65,000 retail locations throughout the United States and in over 200 countries around the world.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries that capitalize on several robust revenue streams. Titan's highly proactive and seasoned management team continues to focus on building shareholder value organically within each subsidiary and through strategic acquisitions that provide significant and immediate opportunities for revenues and earnings.
Titan Global Energy was formed to manage a vertically integrated family of subsidiaries in the energy sector that capitalize on the ever-increasing demand for petroleum and alternative fuel products. The division's first acquisition will be Appalachian Oil Company, which owns and operates an extensive petroleum product distribution network that will generate approximately $410 million in revenues for fiscal 2007. Appco's vast and long-standing assets make it an ideal platform that provides ample strategic opportunities for growth.
Titan Global Communications was formed to manage a vertically integrated family of subsidiaries that capitalize on global trends in the telecommunications industry. The division's platform subsidiary is Oblio Telecom, a market leader in prepaid telecommunications and the second largest publicly-owned company focused on international prepaid telecommunications space, expected to generate $125 million in 2007. Titan also operates Ready Mobile, StartTalk, PinLess and other wireless communications assets through its Communication division.
In all, Titan owns or manages more than 100 trusted brands that are distributed through efficient, overlapping and expansive distribution channels. Titan's distribution channels reach over 65,000 retail locations throughout the United States and in over 200 countries around the world. To manage this vast and growing number of well-known brands, Titan has formed Titan Global Brands to integrate, protect and expand brand management capabilities and to leverage and optimize growth from the Company's distribution channels.
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:
Ryon Harms, Toll-free: 800-592-6067
ryon@trilogy-capital.com
DALLAS--Titan Global Holdings, Inc. (OTCBB:TTGL) ("Titan"), a high-growth diversified holding company, today announced the reorganized ownership upon closing of USA Detergents (USAD). USAD has a strategic relationship with Church & Dwight Co. Inc., parent company of the Arm and Hammer line of premium brands, through distribution, license and manufacturing agreements. If Titan exercises its referenced option, of the re-organized USAD, Church & Dwight will own 7.5% and the remaining 12.5% will be owned by the existing senior management of USAD.
Last week Titan announced its execution of a definitive option agreement to purchase 80% of the outstanding stock of USAD. During the sixty day option period Titan will guarantee bridge financing up to $1.5 million for USAD's continuing operations. During the sixty day option period, Titan has the right to exercise its option to purchase 80% of the outstanding stock in exchange for the referenced bridge financing.
USAD generated revenues of $56.8 Million in 2006. USAD manufactures its products at a plant of 206,000 square feet in Hillside, New Jersey. USAD distributes its products from a 175,000 square foot warehouse in Brunswick, New Jersey. Its corporate headquarters is in offices of 10,000 square feet in Brunswick, New Jersey. USAD has 71 employees.
USAD is a manufacturer and distributor of quality and mid-priced laundry care products, household cleaners, personal care items, candles and air fresheners. Its high quality product mix is categorized as "Branded Value," with retail prices featured in the medium to low price range.
Today USAD distributes mixed truckloads of nationally-recognized laundry, cleaner and candle brands at attractive prices and in unique merchandising configurations. By leveraging brand extensions and licensing agreements with consumer product conglomerates, USAD's brands include Xtra, Arm & Hammer, Aim, Close-up, Pepsodent, Betty Crocker, Snapple, Fine Care, Brillo, Touch of Glass, Fabulous and Oxymax. Consistent with the distribution focus of Titan's other divisions, USAD's distribution footprint serves small and mid-sized retailers, wholesalers and distributors that serve Metropolitan areas in the U.S. and internationally.
"Titan and USAD's existing shareholders have agreed to a structure for the ownership of the re-organized USAD that will provide all parties with economic and strategic alignments," said Frank Orlando, Chief Restructuring Officer of USA-Detergents.
"We are pleased to work with USAD's talent management and with Church & Dwight as a strategic partner," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "Together we will work to grow USAD's distribution and revenue while exploring complimentary strategies to grow volume from our other business units."
Titan recently announced the formation of Titan Global Brands to integrate, protect and expand brand management capabilities and to leverage and optimize growth from The Company's distribution channels. Through its diverse family of subsidiaries, Titan owns or manages more than 100 trusted brands that are distributed through efficient, overlapping and expansive distribution channels. Titan's distribution channels reach over 65,000 retail locations throughout the United States and in over 200 countries around the world.
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries that capitalize on several robust revenue streams. Titan's highly proactive and seasoned management team continues to focus on building shareholder value organically within each subsidiary and through strategic acquisitions that provide significant and immediate opportunities for revenues and earnings.
Titan Global Energy was formed to manage a vertically integrated family of subsidiaries in the energy sector that capitalize on the ever-increasing demand for petroleum and alternative fuel products. The division's first acquisition will be Appalachian Oil Company, which owns and operates an extensive petroleum product distribution network that will generate approximately $410 million in revenues for fiscal 2007. Appco's vast and long-standing assets make it an ideal platform that provides ample strategic opportunities for growth.
Titan Global Communications was formed to manage a vertically integrated family of subsidiaries that capitalize on global trends in the telecommunications industry. The division's platform subsidiary is Oblio Telecom, a market leader in prepaid telecommunications and the second largest publicly-owned company focused on international prepaid telecommunications space, expected to generate $125 million in 2007. Titan also operates Ready Mobile, StartTalk, PinLess and other wireless communications assets through its Communication division.
In all, Titan owns or manages more than 100 trusted brands that are distributed through efficient, overlapping and expansive distribution channels. Titan's distribution channels reach over 65,000 retail locations throughout the United States and in over 200 countries around the world. To manage this vast and growing number of well-known brands, Titan has formed Titan Global Brands to integrate, protect and expand brand management capabilities and to leverage and optimize growth from the Company's distribution channels.
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:
Ryon Harms, Toll-free: 800-592-6067
ryon@trilogy-capital.com
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