CybeRelease: (OTC: TTGL) Announces Initiation of Research Coverage by Murphy Analytics
Report’s Projected 12-Month Share Price of $2.30 Underscores Management Experience, Acquisitions, Robust Industry Growth and Recently Reported 382% Revenue Increase
(CybeRelease, January 8, 2007) - Lake Harmony, PA - Titan Global Holdings, Inc. (OTC BB: TTGL), a high-growth diversified holding company, announced that Murphy Analytics, a fee-based equity research firm, has issued a research report that includes a 12-month target share price of $2.30, following Titan’s recent 10K filing release showing record breaking revenue growth exceeding $109 million in fiscal 2006, a 382 percent increase from the previous fiscal year.
“Management has proven the ability to make prudent acquisitions, and has demonstrated a determined regard for shareholder interests,” said the Murphy Analytics Report. “Management has also demonstrated the vision to position TTGL within growing markets, and has the operational experience to convert opportunity into profits.”
Titan capitalizes on a range of technological innovations spanning telecommunications, electronics and homeland security. Derived from internal development and strategic acquisitions, Titan delivers cost-effective, secure, and environmentally friendly solutions for its global family of customers.
The report anticipated an industry-wide top line revenue growth with plentiful consolidation and acquisition opportunities. Additionally, Titan is expected to increase margins due to a 13 percent reduction in operating expenses from upcoming Universal Service Fund and FET refunds.
“Competition in the prepaid card market has been intense over the last few years; however, Oblio believes its ’no hidden cost’ philosophy will pay off as customers lose trust in some of Oblio’s competitors. TTGL will have the opportunity to consider the acquisition of smaller competitors in a fragmented market,” said the report. “There is no doubt profitability will improve.”
To read the complete release, go to http://biz.yahoo.com/bw/070105/20070105005452.html?.v=1.
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