Titan General Holdings, Inc.(fka TTGL)

[Riverboat1]

NEWS, Revenue Guidance:

Titan Global Holdings Provides Update on Revenue Guidance for Fiscal Year 2007
Friday February 23, 4:01 pm ET
Management Anticipates Growth at Unprecedented Levels with Record Revenues and EBITDA, Reflecting Acquisition Strategy and PCB Division Spin Off


RICHARDSON, Texas--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that it expects to meet or exceed previously issued revenue guidance of $145 million and earnings before interest, depreciation, taxes and amortization (EBITDA) of $18.5 million. The reaffirmation of prior guidance reflects Titan's continued growth trajectory and the recently announced spin out of the Printed Circuit Board Division.
The company also clarified the previously issued guidance by operational subsidiary adding estimates reaching as high as $172.5 million in revenues and $22.5 million in EBIDTA for fiscal 2007. The estimates are detailed below:

(USD in millions) Original Expected Original Expected
Revenue Revenue EBITDA EBIDTA
Guidance Guidance Guidance Guidance
---------------------------- --------- ---------- --------- ----------
Communications
Prepaid Int'l 100 100-115 13.5 13.5-15
Wireless 15 15-20 2 2-3
E-commerce 5 5-7.5 1 1-1.5
--------- ---------- --------- ----------
Total 120 120-142.5 16.5 16.5-19.5

Electronics & HS
PCB 25 25-30 2 2-3
--------- ---------- --------- ----------
Total 25 25-30 2 2-3

--------- ---------- --------- ----------
Titan Global Holdings 145 145-172.5 18.5 18.5-22.5
---------------------------- --------- ---------- --------- ----------

Communications Division

"Our Communications Division continues to grow at unprecedented levels," said Kurt Jensen, President and Chief Executive Officer of Titan's Communications Division. "The launch of our StartTalk business unit and the continued growth with our tier one strategic partners is generating tremendous organic growth in our prepaid international calling card division. We expect continued growth and profitability in the coming quarters as we introduce new products from our strategic tier one partners and StartTalk to our growing distribution channels."

"Picante Movil is propelling the growth of Titan's Wireless Division in our second fiscal quarter of 2007," said Bill Streidl, Executive Vice President of Oblio Telecom. "The contemplated acquisition of Ready Mobile initiates our plan to aggressively and efficiently consolidate the mobile virtual network operator (MVNO) market."

Titan's Communications Division includes Oblio Telecom, Inc., a market leader in prepaid telecommunications and the second largest publicly owned company focused on the international prepaid telecommunications space; StartTalk Inc.; Pinless, Inc.; and Titan Wireless Communications, Inc., a prepaid wireless communications and mobile virtual network operator.

Electronics and Homeland Security Division

"Titan's Electronics and Homeland Security Division expects rapid growth in the next two quarters of fiscal year 2007," said Curtis Okumura, President and Chief Executive Officer of Titan's Electronics and Homeland Security Division. "The addition of Mike Kadlec in the second quarter has energized our sales efforts."

Following Titan's recent announcement to spin off the PCB Division, Titan continues to add new customers at an unprecedented pace. The Company foresees continued opportunities for growth in its printed circuit board operations with continued market penetration and added product offerings such as Titan Fastrac.

Titan's Electronics and Homeland Security Division includes PCB East and PCB West. These companies specialize in the manufacturing of advanced circuit boards and other high tech products for military and high-tech clients, such as Textron, and generated record revenues in 2006. Titan's PCB East holds the highly coveted 31032 manufacturing certification from the U.S. Department of Defense.

Summary

"Titan's overriding goals for fiscal year 2007 are to strengthen the Company's balance sheet, strengthen each subsidiaries market position through organic growth and strategic acquisitions, and position the Company and its subsidiaries to best exploit opportunities for future success," stated Bryan Chance, President and Chief Executive Officer of Titan Global Holdings, Inc. "Our team is committed to the achievement of this plan and the continued creation of industry leading value to our customers which will ultimately create lasting shareholder value."

According to Titan's senior management, the Company is on track to reach or surpass previous guidance estimates for fiscal 2007. During the first two quarters of fiscal year 2007, Titan refinanced its senior credit facilities, profitably grew revenue and strengthened market position. Additionally, the Company announced the spin out of its Printed Circuit Board Division in order to capitalize on unique growth opportunities.

About Titan Global Holdings

Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) 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.



Contact:
Trilogy Capital Partners
Financial Communications:
Ryon Harms, 800-592-6067
[e-mail]

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Source: Titan Global Holdings, Inc.