Titan Global Holdings PCB Divisions Announce Record Shipments; PCB Division Delivers Record Revenues during Fiscal Fourth Quarter
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DALLAS -- Sept. 15, 2006--Titan Global Holdings, Inc. ("Titan") (OTC BB: TTGL) today announced that its PCB divisions shipped a record $5.86 million during the quarter ended August 31st, 2006, which represents a 30% increase over the $4.50 million shipped in the fourth quarter of its prior fiscal year.
The Titan PCB divisions continue to capture new customers through high quality service and the pursuit of emerging PCB market segments.
"The changes we made over the last year to personnel, facilities, and our customer mix continue to bear fruit," said Curtis Okumura, President and Chief Operating Officer of Titan PCB West, Inc. and Titan PCB East, Inc. "Recent successes will enable us to continue to improve our operating and financial efficiencies as a well-known quick-turn printed circuit board manufacturer while we continue to deliver high quality service to our customers."
"Curtis and our PCB Divisions continue to execute. We are focused on all options to increase our financial performance at our PCB Divisions," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings, Inc. "Our PCB Divisions have made great progress in growing our organic revenue with new customers and additional revenue from our existing customers. Again, we are committed to creating shareholder value through the successful building of our business units."
About Titan Global Holdings, Inc. titanglobalholdings.com:
Titan Global Holdings, Inc (OTCBB: TTGL fka TTGH) is an emerging growth telecommunications and technology company. The company is best known for its Picante and TCC brands marketed through its Oblio Telecom division (www.obliotel.com) which is a market leader in prepaid telecommunications services based in Richardson, Texas. Oblio Telecom provides a broad array of prepaid international calling cards through a distribution network covering an estimated 60,000 retail locations nationwide and in Puerto Rico. Today the Company enjoys strategic supply agreements with two tier one communications providers for its prepaid calling card services and is expanding its capacity to terminate calls on its own hardware to international destinations. Additionally, the Company successfully launched BRAVO Cellular, a prepaid wireless communications division, in its second fiscal quarter of 2006. BRAVO Cellular offers prepaid wireless solutions to a rapidly expanding market segment through a mobile virtual network operator agreement with a tier one communications provider.
The Company also operates Titan PCB, a well-known manufacturer of printed circuit boards with facilities in California and Massachusetts. The Massachusetts facility (titaneast.com) is 31032 certified by the United States Department of Defense. This facility specializes in military production and rigid flex production. The California facility (titanems.com) focuses primarily on innovative prototype, quick-turn and pre-production of high layer count printed circuit boards.
The Company employs more than 200 people in Amesbury, Massachusetts; Fremont, California and Richardson, Texas.
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