Got this in one of those promo emails we all get but noone ever actually subscribes to. This company and NVEI could have a great stock swapping party.
TITAN GENERAL (OTCBB: TTGH)
Circuit boards are the core of a littany of products that are a part of elecronics used in an array of goods and services. Each tiny masterpiece is a critical foundation for a product's eventual application.
As a producer of circuit boards Titan General has separated themselves from competitors in a variety of ways but perhaps none so important as it's rapid delivery programs. Beleve it or not, Titan General delivers these high tech wonders in time frames as brief as 24 hours.
The notion of a circuit board itself is enough to make your grandfather's head spin but for those of us children of the Information Age the reality that essential circuit boards can be delivered in one revolution of the Earth should be equally astounding.
Please take the time to consider today's profile on Titan General and be sure and visit the company's recent news below:
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. The Company provides its products from its two tech centers to original equipment manufacturers, electronic manufacturing service providers and design engineering service bureaus in both the commercial and military markets. Titan prototype printed circuit boards can serve as the foundation in many electronic products used in telecommunications, medical devices, automotive, military applications, aviation components, networking, and computer equipment. Titan is able to produce high-technology printed circuit boards with surface finishes consisting of tin/lead, immersion gold, organic solderability coating also known as OSP, electrolytic soft and hard gold, silver and tin/nickel finishes. TTGH's commitment is to set the next generation standard in PCB manufacturing through concentration on the high margin rigid-flex market, servicing what management believes is the fastest growing segment of the $130 billion global electronics manufacturing services market.
MANUFACTURING ELECTRONIC CIRCUIT BOARDS
Titan is focused on manufacturing high quality niche printed circuit boards consisting of complex, multi-layered, fine-lines and high-performance materials with delivery cycles between 24 hours and standard 10 day lead times at a competitive price.
On May 31, 2003, Titan had approximately 360 customers that included:
Motorola, Broadcom, Fujitsu, Raytheon, Lockheed, BAE, Parker, Analogic, Analog Devices, AMD, Arrow Electronics, Flextronics, Textron, APC and IMS.
Beginning in the year 2001, Titan began acquiring cutting edge equipment and manufacturing systems from competitors unable to remain in business due to a severe market downturn and overwhelming debt. Titan also obtained customer lists and orders from several of these firms. Through significant process improvements, cost control mechanisms, and total customer quality orientation, Titan has been able to expand its customer base with additional orders from new and existing customers. The management and board of directors of TTGH are focused on significant growth, both organically and through accretive, highly strategic acquisitions. Through vertical integration and aligning its manufacturing process with that of its customers, Titan expects to expand its services, while continuing to acquire assets and customers of other firms in the PCB sector.
The Titan Strategic Model
Expand services of flexible circuits and rigid-flex combinations in order to diversify sources of revenue. Expand sales through the marketing and manufacture of rigid-flex PCBs using the patented HVRFlex process. Acquire and integrate additional production assets at discounted prices as they come on the market. Increase capability of product technology and complexity. Achieve military 31032 certification for the current Titan East facility. Increase market share through improved quality control and processes. Deliver products on time with zero defects. Increase Titan marketing expenditures.
Press Release
Source: Titan General Holdings, Inc.
Monday July 21, 5:30 pm ET
TTGH Announces Record Revenue for Q3 2003 to $3.27 Million
Q3 '03 Revs Increase 42.2% Over Q3 '02 -- YTD Revs Increase 19.3% to $7.6 Million
FREMONT, Calif.--(BUSINESS WIRE)--July 21, 2003--Titan General Holdings, Inc. (OTC BB: TTGH), committed to creating a powerful, efficient, state-of-the-art manufacturing-driven services organization setting the next generation standard for end-to-end, time-critical PCB solutions, announced today record financial results for the quarter ended May 31, 2003. The Company reported revenues for the quarter of $3,270,645 and a loss of $1,385,596, or ($0.10) per share on a fully diluted basis. Robert Ciri, the Chairman and Chief Executive Officer for Titan, noted, "We are pleased to announce the financial results for the quarter ending May 31, 2003. Although the Company sustained losses, approximately $714,381 was non-recurring or non-cash related and we view the operating losses effectively as investments in positioning our business to be a world-class leader in the PCB business." Mr. Ciri went on to say, "Titan is committed to significant growth in revenues, growth in earnings and shareholder value. To that end we have assembled a stellar team to fully exploit what we believe to be enormous opportunities in the high margin prototype PCB business - with particular emphasis on rigid-flex technology." To read the entire news release and Safe Harbor, click here.
Press Release
Source: Titan General Holdings, Inc.
Wednesday June 18, 10:41 am ET
Titan General Holdings, Inc. Announces Delivery
of 2,200 Weapons Effect Simulation (WES)Systems
SANTA CLARA, Calif., June 18 /PRNewswire-FirstCall/ -- Titan General Holdings, Inc. (OTC Bulletin Board: TTGH - News) announced today that it successfully completed the delivery of 2,200 Weapons Effect Simulation (WES) systems, to J-Cort Systems Corporation of Santa Fe Springs, California. The WES is used as a "train as you fight" system for Battle groups during live "force on force" exercises. Using Titan's patented proprietary HVRFlex production method, the order was processed and completed in June of 2003 and was valued at over $300,000. Titan, Inc. CEO Bob Ciri stated, "We are excited to add J-Cort Systems Corporation to our growing list of customers. This contract demonstrates our ability to obtain orders and deliver quality products under tough market conditions and moves us one step closer towards our goal of becoming a leader in the pre-production and low volume production segments of the multi-billion dollar global electronics manufacturing sector." To read the entire news release and Safe Harbor, click here.
Titan's new manufacturing plant is one of the industry's most advanced facilities on the West Coast. Located in Fremont, California, it offers 30,000 square feet under a single roof for superior process flow and extremely efficient use of direct labor. Phototool generation, image transfer and storage are all performed in a single temperature and humidity controlled environment, class 10,000 clean room. Wet processes and chemistry are handled in one wet process area. Product flow is streamlined and consistent, enabling higher yields and improved delivery performance. Titan's world class facility was designed for time sensitive, prototype through pre-production volumes. Capable of producing 2,500 manufacturing panels per week, Titan offers multiple panel sizes, ranging from 16"x18" to 24"x30" order to facilitate cost effective labor and material use.
Titan PCB East, the newest acquisition of Titan General Holdings, is a 62,000 square foot, two building campus located in Amesbury, Massachusetts. Building One is a 42,000 square foot manufacturing facility that houses all Multilayer, Wet Process, and Engineering functions, as well as a state-of-the-art Waste Treatment facility. Building Two constructed in 1999, consists of 20,000 square feet of ultra-modern manufacturing space. The manufacturing functions of this facility include Dry Process, Final Inspection, and Quality Assurance. Titan PCB East's product lines include quick-turn rigid boards and HVRFlex boards for commercial and military applications. Our advanced manufacturing techniques, stringent quality control, and on-time dependability have made us a leading PCB supplier.
HISTORICAL BUSINESS INFORMATION: Ventures-National Incorporated, the Company's predecessor, was organized under the laws of the State of Utah on March 1, 1985. Ventures-National was formed as a public shell for the primary purpose of seeking potential business enterprises, which in the opinion of management would prove profitable. Ventures-National had no material operations between 1990 and early 2000. On March 9, 2000, Ventures-National elected a new Board of Directors and recommenced its development stage. The Company had no material operations from such time until its merger with Titan EMS, Inc., a Delaware corporation. Effective as of June 28, 2002, Ventures-National entered into a letter of intent pursuant to which Ventures-National would acquire all of the outstanding capital stock of Titan EMS, Inc. in exchange for a certain number of shares of Ventures-National's common stock, par value $0.001 per share, on a share-for-share basis. In September 2002, the name of the company was changed to Titan General Holdings, Inc., which also began trading under a new symbol. Concurrent with the name change, Titan General Holdings, Inc. changed its state of incorporation from Utah to Delaware.
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