Titan General Holdings, Inc.(fka TTGL)

[PappaJohn]

TTGH Announces Successful Consolidation of West Coast Manufacturing Operations
Tuesday August 26, 4:07 pm ET
State-of-the-Art Tech Center Anticipated to Generate Material Savings; Benefits May Exceed $1 Million Annually

FREMONT, Calif.--(BUSINESS WIRE)--Aug. 26, 2003-- Ventures-National Incorporated, dba Titan General Holdings, Inc. (OTC BB: TTGH), an innovative fabrication services company committed to setting the next generation standard in high margin, time sensitive PCB manufacturing, announced today the successful execution of the consolidation of its West Coast manufacturing operations. The Company noted that consolidation, which merged Titan's Santa Clara, California operation into its Fremont, California tech center, has created a state-of-the-art facility which will unleash significant synergies including a substantial increase in margin -- as well as improved productivity and efficiency, resulting in a highly competitive world-class high technology company.

"Under the stewardship of our chairman and CEO, Bob Ciri, the consolidation was executed ahead of schedule and below budget," stated Andrew Glashow, president of Titan. "The estimated cost of the consolidation was less than $350,000 and is generating significant benefits from day one. Based on Titan's internally prepared estimates, the consolidation is anticipated to generate up to $1 million or more annually in positive benefits through, among other things, the elimination and consolidation of an operating facility, termination of duplicative staff, and operational efficiencies related to the location of the complete manufacturing process in one facility. In addition, Mr. Ciri, with the support of the operational consolidation team lead by General Manager Curtis Okumura, was able to successfully complete the move and consolidation in a 45-day time frame -- without missing a single day of manufacturing or any delays in customer delivery resulting from the move. Numerous industry 'experts' previously estimated a six-month timeframe and $1 million+ budget with a temporary shutdown of manufacturing."

Curtis Okumura, the Titan PCB West Inc. General Manager said, "Consolidation of the manufacturing operations into our state-of-the-art Fremont tech center creates operational synergies that will allow us to improve the value and service to our customers."

Robert Ciri, the TTGH CEO noted, "The importance of the consolidation cannot be overemphasized. Our West Coast Tech Center is now a state-of-the-art facility. This well-orchestrated event is a clear demonstration of the dedication of the Titan employees and their ability to deliver a quality solution." Mr. Ciri went on to say, "We are developing a world class team on both coasts to fully exploit what we believe to be enormous opportunities in the high margin prototype, time-sensitive PCB business. Titan is committed to significant growth, both organically and through select acquisitions. The combination of our management team, technology and process are positioned to deliver on that commitment."

Conference call

Robert Ciri, chairman, and Andrew Glashow, president, will discuss the consolidation as well as other aspects of the Company's operations during a conference call and webcast scheduled for Wednesday, August 27th at 12 pm Eastern and will be available to answer questions. Participants may ask questions during the Q&A segment of the call. Investors may access the call by dialing 800.289.0496 or from an international location by calling 913.981.5519. Participants should identify the call as "Titan's Conference Call."

A replay will be available on August 27th at 3:00 pm Eastern through September 3rd at 11:00 pm Eastern. The replay telephone numbers: 719.457.0820 and 888.203.1112 with the replay passcode: 739070.

About Titan General Holdings, Inc.

TTGH is an innovative fabrication services company producing time sensitive, technologically complex prototype, and high margin printed circuit boards. The Company was established through the acquisition of SVPC Partners, LLC in August of 2002 and Eastern Manufacturing Corporation in February of 2003. The management and board of directors of TTGH are focused on significant growth and shareholder value. TTGH operates two tech centers, one in Amesbury, Massachusetts and the other in Fremont, California, which is the Company's corporate headquarters. TTGH is committed to Enhanced Execution of PCB solutions to Exceed customer and shareholder value Expectations. For additional information on the Company, please contact Bernadette Cusack, Trilogy Capital Partners, [e-mail]. Investors who are interested in learning more about TTGH are encouraged to visit the company's website at www.titanpcb.com. The company's site contains current information on the company, its operations, management and board of directors.

Cautionary Statement Regarding Forward-Looking Statements

Statements made in this news release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward- looking statements are made based on management's belief as well as assumptions made by, and information currently available to, management pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Titan General Holdings, Inc.'s actual results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors, including those identified in Titan's annual report on Form 10-KSB for the fiscal year ended August 31, 2002 and its quarterly reports on Form 10-QSB filed with the Securities and Exchange Commission.
Contact:

Trilogy Capital Partners
Bernadette Cusack, 800-330-6540
[e-mail]


Source: Titan General Holdings, Inc.

http://biz.yahoo.com/bw/030826/265940_1.html


"OTC Journal" has published a profile/opinion of this company as well.

http://www.otcjournal.com/archive/listserv/20030826-1.html