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TTGL..buyback news..good stuff

August 1, 2007 - 2:30 AM EST

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Titan Global Holdings Nears Milestone in Announced Four Million Share Open Market Buy Back Plan
Board of Directors Continue to Cite Attractive Share Price and Company’s Improving Fundamentals for Plan to Decrease Share Supply

Titan Global Holdings, Inc. (“Titan”) (OTCBB:TTGL), a high-growth diversified holding company, reported today on the Company’s previously announced four million share open market buy back plan. As of July 31, 2007, the Company repurchased 436,807 shares of its common stock in the open market at an average of $1.16 per share.

In explaining its decision and the buy back plan in May, 2007, Titan’s Board of Directors cited its attractive share price, reported record financial results and strategic progress from its various business units. The management, directors, and strategic investors of Titan continue to increase its ownership, which was already in excess of approximately 75% of the common stock issued and outstanding shares prior to the announcement of the commencement of the buy back plan on May 9, 2007.

Titan has made these purchases consistent with SEC regulations, including exclusionary black-out periods which have been immediately before the reporting of its Form Q and included the recent weeks before Titan announced its definitive purchase agreement to acquire Appalachian Oil Company.

“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. “Notwithstanding SEC rules that limited our ability to repurchase shares over the last ten weeks, we are pleased to near the milestone of the repurchase of one-half of one million shares. We intend to make additional open market purchases consistent with SEC rules.”

As of July 31, 2007, Titan had in excess of 2,000 shareholders. On July 31, 2007 Titan's stock closed at $1.28 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 14.5% 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 public 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 buy back 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, Inc.

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, advanced technologies and energy. 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.

About NewGen Technologies, Inc.

NewGen's mission is to be the leading global vertically integrated (Fields-to-Wheels) manufacturer and distributor of premium biofuels and hydrocarbon blends that are intended to dramatically reduce the environmental and economic impact of world petroleum use. NewGen is developing the cleanest burning and highest performing fuels in the world by utilizing its own proprietary products and other technology.

The vision of NewGen and ReFuel America, NewGen's wholly-owned U.S. subsidiary and brand, is a world less dependent on oil, using secure, renewable, homegrown fuels which better preserve our most important resources - the air we breathe and water we drink.

Additional information can be found at the company's websites - www.newgenholdings.com & www.refuelamerica.com.

Investor Information - To request investor information and receive company news updates, visit our website at: http://www.b2i.us/irpass.asp?BzID=1316&to=ea&s=0.

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.



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



Source: Business Wire (August 1, 2007 - 2:30 AM EST)

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