EZ Traders Forum

[Riverboat1]

News TTGL:

Titan Global Holdings Announces Commencement of 4 Million Share Open Market Buyback Plan
4:01p ET May 9, 2007 (Business Wire)
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced today that the Company's Board of Directors have commenced an approved 4 million share open market buyback plan. The Board cited its attractive share price, as well as reported record financial revenue results and strategic progress from its various business units in making this decision.

As of today, Titan has 49,129,052 shares of common stock outstanding. As of May 4, 2007, management, directors, and strategic investors of Titan already owned or controlled in excess of approximately 75% of the common stock issued and outstanding shares.

"Titan's management, directors, and strategic investors continue to view our share price as a compelling value proposition," said David Marks, Chairman of Titan Global Holdings. "Therefore, from time to time, these parties, including Titan, have and may make additional open market purchases consistent with SEC rules."

In a private transaction, Titan previously announced its re-purchase on December 29, 2006 of 1,250,000 from Laurus Master Fund, Ltd. As of April 30, 2007, Titan had in excess of 2,000 shareholders. On May 4, 2007, Titan's stock closed at $1.14 per share. Titan's stock reached its 52 week high of $1.49 per share on March 8, 2007.

"Titan's metrics have been exceptional with sequential quarterly increases in revenues, EBITDA and earnings," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "We intend to take advantage of this attractive share price, which is currently trading at approximately 23.5% lower than our 52-week high. As such, Titan may from time to time continue such purchases with the resulting decrease in the Company's float."

Pursuant to SEC regulations 10b-18, the maximum price Titan can pay per share is the greater of the highest independent bid or the last independent transaction price quoted or reported; as for the daily quantity of shares purchased, the daily limit is 25% of the average daily volume for the preceding four week period.

Finally, once per week, Titan can forego the quantity limit defined above and make one block purchase of an unlimited size up to the unfilled balance of its approved buyback plan. A block is defined as a purchase price of $200,000 or more or at least 5,000 shares and a price of at least $50,000, or at least 20 round lots that totals 150% or more of the trading volume.

As Titan makes open market purchases, after settlement, such shares will be cancelled and the shares outstanding will be reduced. These purchases will be reported in Titan's Form 10-QSB and Form 10-KSB filed with SEC.

Consistent with Titan's previously announced policy, in addition to any share ownership disclosure that is legally required by the Securities and Exchange Commission, Titan will announce from time to time the aggregate ownership of its key management, directors and strategic investors in an effort to provide complete transparency to all stockholders.

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.

SOURCE: Titan Global Holdings, Inc.

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