Titan Global Holdings, Inc. (TTGL), a diversified holding company, announced that Titan Wireless, Inc, a wholly owned subsidiary of Titan Global Holdings, has had record shipments of the company’s Ready Mobile PCS handsets. Since October 1, 2007, shortly after Titan announced a distribution agreement with a national retail chain, over 27,000 Wireless Handsets have been shipped. However, the company currently has the capacity to distribute more than 36,000 units in the upcoming months, further contributing to corporate growth.
These developments have continued to help validate the Company’s high-growth business strategy. This strategy, focused on generating revenues from trusted wireless brand products, has now reached over 86,000 locations through the company’s cutting edge distribution system.
Dennis Henderson, President of Titan Wireless, stated, “Titan Wireless is experiencing record organic growth during the first quarter of 2008. Our wireless retail footprint has doubled this quarter as retail partners continue to identify with our trusted and value-oriented prepaid wireless solutions. We expect to continue this trajectory into the second quarter as these record shipments will convert into sustained subscriber growth for Titan Wireless.”
Bryan Chance, President and CEO of Titan Global Holdings, Inc, also commented, “Dennis and his team are executing on their plan to rapidly increase our retail distribution channels. The expansion of our retail channels will reap anticipated multiple returns for our shareholders as we continue to develop and integrate Titan Global Brands, which will offer retailers a vast array of products to meet the markets needs.”
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