IVI Communications, Inc. (fka IVII)

[stockanalyst23]

VI Communications Announces Intention to Complete a 400 for 1 Reverse Stock Split Plan
Titan Global Holdings Casts its Majority Support for this Plan
Jul 3, 2008 9:29:00 AM
Copyright Business Wire 2008
View Additional ProfilesRICHARDSON, Texas--(BUSINESS WIRE)--

IVI Communications, Inc. ("IVI") (OTCBB:IVCM) announced today that it has filed a Preliminary Information Statement with the Securities and Exchange Commission. The Preliminary Information Statement states IVI's intention to complete a 400 for 1 reverse stock split.

Titan Global Holdings, Inc. ("Titan") (Pink Sheet:TTGL) recently acquired all of IVI's outstanding Series A and B Preferred Stock (the "Preferred Stock") from the former holders. The Preferred Stock includes the right to vote a majority of IVI's shares for any action to be taken by shareholders. Titan has cast its support for the reverse stock split pursuant to which 399,999,991 currently outstanding shares of Common Stock (the "Old Shares") would be automatically converted into approximately 1,000,000 shares of Common Stock (the "New Shares"). The New Shares issued pursuant to the reverse stock split will be fully paid and non-assessable. All New Shares will have the same par value, voting rights and other rights as Old Shares. Stockholders of the Company do not have preemptive rights to acquire additional shares of Common Stock, which may be issued.

The reverse stock split will not alter any shareholder's percentage interest in the Company's equity, except to the extent that the reverse stock split results in any of the Company's shareholders owning a fractional share. No fractional shares shall be issued. Any shareholder, who beneficially owns a fractional share of the Company's Common Stock after the reverse stock split, will receive an additional share in lieu of such fractional share.

In addition, commencing with the effective date of the reverse stock split, all outstanding options entitling the holders thereof to purchase shares of the Company's Common Stock will entitle such holders to receive, upon exercise of their options, one-four hundredth of the number of shares of the Company's Common Stock which such holders may purchase upon exercise of their options. In addition, commencing on the effective date of the reverse stock split, the exercise price of all outstanding options will be increased by 400.

There are no current plans with respect to any specific changes in IVI's business, however, it is contemplated that Titan will assist IVI in acquiring or developing business operations in complimentary communication businesses.

About IVI Communications, Inc.:

The Company was formed in California in September 1995 to acquire traditional local and regional Internet access Service Providers (ISP's) in the Western States to achieve economies of operation and accelerated growth through centralized management.

Effective May 23, 2002, Internet Ventures, Inc. agreed to recapitalize with Turer Corporation by becoming a wholly owned subsidiary of Turer. To accommodate this recapitalization, the shares then outstanding of Internet Ventures, Inc. were exchanged for shares of Turer. In August 2002, Turer changed its name to IVI Communications, Inc.

About Titan Global Holdings

Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources and distribution.

Titan's operating divisions include the following:

The Titan Global Energy Division owns and operates traditional and next-generation renewable energy and fuel assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.

Titan's Communications Division serves the communication needs of those individuals that have emigrated from their host country to the United States or other countries and plans to addresses a range of high-growth markets in the international telecommunication segments, including communication technology, platform management, international wholesale communication and the distribution of prepaid international telecommunication products.

Titan Global Brands designs, develops, and distributes consumer products from value categories to high end branded categories, through its existing distribution channels and new ones suitable for such products. Together, it integrates, protects and expands its consumer brand management capabilities to leverage and optimize growth across Titan's worldwide distribution channels.

Titan Card Services plans to capitalize on the burgeoning multibillion-dollar international prepaid money transfer sector. Titan Card Services' proprietary technology provides for convenient and efficient international money transfers.

Titan's Electronics and Homeland Security Division includes Titan PCB East, Inc., Titan Electronics Inc., and NEO EMS, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other 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 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 Reform 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 rates 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.



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