Tytan Holdings Inc (TYTN)

[Joe1979]

Equity financing!!!! I'm not going anywhere!!

KALAMA, WA--(Marketwire - 10/27/10) - Tytan Holdings, Inc. (Pinksheets:TYTN - News)
Tytan Holdings, Inc. announces today that it has signed a non-binding Letter of Intent to secure up to $2,000,000 in equity financing. This equity financing has been set at $0.005 per share for the first $1,000,000.00 and $0.01 per share for the second $1,000,000.00. These financing terms represent a 277% premium to our current market share price of $0.0018 for the first million and a 555% premium to our current market share price for the second million.
The first investment of $50,000.00 would be received upon execution of a Definitive Financing Agreement and all additional investment proceed releases to the Company are based on a growth and financial performance matrix that Tytan has committed to achieve. The growth and financial performance matrix can be seen on the attached executed non-binding Letter of Intent.
The monies from this financing will be primarily utilized to expand Tytan's showroom network infrastructure, inventory to stock new showrooms, and fund typical corporate operating costs.