CybeRelease: (OTC: TTGL) Launches Program to Drive Market Share
(CybeRelease, January 11, 2007) - Lake Harmony, PA - Titan Global Holdings, Inc. (OTC BB: TTGL), a high-growth diversified holding company, today announced that its Electronics and Homeland Security Division has launched Titan Fastrac, an advanced technology program designed to capitalize on substantial increases in efficiency, capacity, revenue generation and gross margins to expand product offerings for multibillion-dollar homeland security and other high-tech industries.
Titan’s new Fastrac program will streamline quoting, operations and fulfillment in the end-market, currently occupied by small, fragmented competitors. The Fastrac initiative simplifies quote and order placement logistics for high mix customers in North America seeking supplier services and manufacturing priority, generally reserved for top tier customers.
“Titan is committed to providing a one stop solution for current and future customers as well,” said Curtis Okumura, President and Chief Executive Officer of Titan’s Electronics and Homeland Security Division. “We will remain focused on pursuing opportunities to continue increasing end-market diversity and broaden our customer base. This will result in revenue growth and margin improvements as well.”
Titan’s Electronics and Homeland Security Division includes Titan PCB East and Titan PCB West. These companies specialize in the manufacturing of advanced circuit boards and other high tech products for military and high-tech clients, and generated record revenues in 2006. Titan’s PCB East holds the highly coveted 31032 manufacturing certification from the U.S. Department of Defense.
“Our Fastrac initiative expands our product offering and services for high mix end-markets that otherwise struggle for hands-on supplier attention and capacity currently not available from the tier one supply chain,” said Mike Kadlec, Executive Vice President of Titan’s Electronics and Homeland Security Division. “As we expand our sales network, we will garner a higher return for our shareholders as our team has more solutions to offer our customers.”
“This is the latest stride by our Electronics and Homeland Security Division to expand revenue generation, echoing the strong growth by our Communication Division that shareholders have already seen,” said Bryan Chance, Chief Executive Officer of Titan Global Holdings. “Our team is dedicated to continually ensuring that our assets are creating returns for our shareholders. Fastrac is an excellent example of our team utilizing intellectual capital and excess capacity to increase our market share.”
Titan PCB growth and optimization plans were designed to increase efficiency, capacity, revenue and gross margins. The Company’s recently launched an optimization plan for its Massachusetts-based Titan East PCB plant is based on a similar program recently implemented successfully at its California-based advanced printed circuit board (PCB) production facility.
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