Titan General Holdings, Inc.(fka TTGL)

[Riverboat1]

NEWS


February 16, 2007 04:01 PM Eastern Time
Titan Global Announces Agreement in Principle to Acquire Ready Mobile, a Regional Sprint MVNO Targeting Nationwide Retailers
Titan MVNO Acquisition Doubles Customer Base, Significantly Expands Sales Force, Operations and Veteran Senior Wireless Management

RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced today that Titan Wireless, a subsidiary of Titan Communications, consummated a letter of intent to acquire certain assets of Ready Mobile, LLC, www.readymobile.com, a national Sprint Mobile Virtual Network Operator (“MVNO”).

This acquisition is consistent with Titan’s stated strategic plan to opportunistically acquire and roll-up competitive MVNOs. Titan has and will target and pursue other MVNO’s throughout 2007 for similarly structured acquisitions.

Ready Mobile distributes prepaid wireless communications solutions nationwide through a vast distribution network that includes more than 4,000 retailer locations. Ready Mobile generated over $9 million in revenue and accumulated over 30,000 subscribers in its first year of operations in 2006.

“We are very excited about our planned acquisition of Ready Mobile,” said Kurt Jensen, President and Chief Executive Officer of Titan’s Communications Division. “Our existing retail footprint will bolster Ready Mobile’s retail sales channel and the addition of Ready Mobile’s wireless customers will double our active subscriber base. Furthermore, we expect to achieve additional synergies and cost savings by leveraging Ready Mobile’s distribution strength and Titan’s operating capabilities.”

Ready Mobile currently operates under two brand-name products, Ready Mobile PCS and Mojo Mobile. Additionally, Titan will retain Ready Mobile’s proven leadership team comprised of well-known industry veterans.

“The Ready Mobile management team joins in my excitement to become part of Titan,” said Dennis Henderson, Chief Executive Officer of Ready Mobile. “We believe the combined distribution channels and the synergies in operations give our new wireless company the ability to help our distribution partners create maximum profits in the fast-growing prepaid wireless market.”

The acquisition is subject to negotiation and execution of a definitive agreement, satisfaction of certain conditions precedent, and other ordinary and customary closing conditions for a transaction of this type. It is anticipated to close by March 15, 2007.

“We are committed to growing our subsidiaries through organic efforts and the efficient deployment of capital to acquire assets that strengthen our market position,” said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. “The planned acquisition of Ready Mobile will place our Titan Wireless subsidiary in a market leadership position in the dynamic prepaid wireless telecommunications market. Furthermore, we gain the tremendous leadership and experience of Dennis Henderson and his management team. We look forward to closing this transaction and creating tremendous shareholder value from our Titan Wireless Subsidiary.”

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 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
[e-mail]