Titan Global Holdings Announces Commencement of 4 Million Share Open Market Buyback Plan

Newsletter

May 9, 2007

Volume VIII, Issue 33

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There should be smiles all the way around today as a couple of OTC Journal followings are enjoying a strong day, and another will probably have a strong day tomorrow. eFoodSafety (OTC BB: EFSF) is enjoying a strong volume rebound today off the vote of confidence the company received from debt holders. They have converted their debt into common, restricted stock at $.55 per share, with the stock trading at $.40. It's the same as buying 2.7 million restricted shares at $.55. Clearly, someone believes. Perhaps you should also. Read the BLOG for my comments.

PhotoChannel (OTC BB: PNWIF) is breaking out as well today in sympathy with News Corp's now pending acquisition of free storage site PhotoBucket for an estimated $250 to $300 million. Investors simply cannot get enough of companies in this space, and PNWIF is breaking out after a couple of quiet months. Read today's BLOGs on both these events for my thoughts.

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Titan Global (OTC BB: TTGL) Puts Money Where Mouth Is

Titan has been a source of frustration for many of us over the last couple of months. Let's face it, the stock deserves to be much higher based on corporate performance. In the long run, corporate performance always leads to higher stock prices. However, the supply/demand dynamic in the short term can sabotage a stock's efforts to make new highs, and that has been the case with TTGL.

This past week the stock swooned for no apparent reason- there were no buyers around, and someone wanted to sell a bunch. If you read my BLOG, you know I pointed out that TTGL had traded down to the SSL level, and it was time to decide if you wanted to hang around for the longer term. I also suggested the stock would probably rebound in short order, and it managed to do so.

Today, post close, TTGL cast a rather substantial vote for itself by announcing a stock buy back plan. TTGL announced the Board of Directors have announced the approval of a 4 million share buy back in the open market. Any shares that are bought will be retired, and reduce the number of shares I&O.

Based on the volume this stock trades, a 4 million share buy back would have a substantial impact on the market price. If you're wondering about how companies can actually buy back their shares, CEO Bryan Chance gives us a look at the regulatory restrictions: "Pursuant to SEC regulations 10b-18, the maximum price Titan can pay per share is the greater of the highest independent bid or the last independent transaction price quoted or reported; as for the daily quantity of shares purchased, the daily limit is 25% of the average daily volume for the preceding four week period. Finally, once per week, Titan can forego the quantity limit defined above and make one block purchase of an unlimited size up to the unfilled balance of its approved buy back plan. A block is defined as a purchase price of $200,000 or more or at least 5,000 shares and a price of at least $50,000, or at least 20 round lots that totals 150% or more of the trading volume."

So, if you were wondering how it can be done- there's your answer. Does the company have to buy them back? No. When do we find out how many shares they have bought back? When they do their quarterly and annual financial filings.

Today's chart gives you a long term perspective on the price movement. Looking at the whole picture, last week's swoon wasn't much more than a 38.2% retracement from the '06 lows. It was some kind of capitulation move, and hopefully sets the stock up to move higher.

Dear TTGL management- please go ahead and buy 4 million shares in the open market as soon as feasible. My readers who like this stock would very much appreciate you mopping up the supply side of this mess and chart.

Here is the complete text of today's news for your review:

Press Release Source: Titan Global Holdings, Inc.

Titan Global Holdings Announces Commencement of 4 Million Share Open Market Buyback Plan

Wednesday May 9, 4:01 pm ET

Board of Directors Cite Attractive Share Price and Company's Improving Fundamentals for Plan to Decrease Share Supply

DALLAS--(BUSINESS WIRE)--Titan Global Holdings, Inc. (OTCBB:TTGL - News), a high-growth diversified holding company, announced today that the Company's Board of Directors have commenced an approved 4 million share open market buyback plan. The Board cited its attractive share price, as well as reported record financial revenue results and strategic progress from its various business units in making this decision.

As of today, Titan has 49,129,052 shares of common stock outstanding. As of May 4, 2007, management, directors, and strategic investors of Titan already owned or controlled in excess of approximately 75% of the common stock issued and outstanding shares.

"Titan's management, directors, and strategic investors continue to view our share price as a compelling value proposition," said David Marks, Chairman of Titan Global Holdings. "Therefore, from time to time, these parties, including Titan, have and may make additional open market purchases consistent with SEC rules."

In a private transaction, Titan previously announced its re-purchase on December 29, 2006 of 1,250,000 from Laurus Master Fund, Ltd. As of April 30, 2007, Titan had in excess of 2,000 shareholders. On May 4, 2007, Titan's stock closed at $1.14 per share. Titan's stock reached its 52 week high of $1.49 per share on March 8, 2007.

"Titan's metrics have been exceptional with sequential quarterly increases in revenues, EBITDA and earnings," said Bryan Chance, Chief Executive Officer of Titan Global Holdings. "We intend to take advantage of this attractive share price, which is currently trading at approximately 23.5% lower than our 52-week high. As such, Titan may from time to time continue such purchases with the resulting decrease in the Company's float."

Pursuant to SEC regulations 10b-18, the maximum price Titan can pay per share is the greater of the highest independent bid or the last independent transaction price quoted or reported; as for the daily quantity of shares purchased, the daily limit is 25% of the average daily volume for the preceding four week period.

Finally, once per week, Titan can forego the quantity limit defined above and make one block purchase of an unlimited size up to the unfilled balance of its approved buyback plan. A block is defined as a purchase price of $200,000 or more or at least 5,000 shares and a price of at least $50,000, or at least 20 round lots that totals 150% or more of the trading volume.

As Titan makes open market purchases, after settlement, such shares will be cancelled and the shares outstanding will be reduced. These purchases will be reported in Titan's Form 10-QSB and Form 10-KSB filed with SEC.

Consistent with Titan's previously announced policy, in addition to any share ownership disclosure that is legally required by the Securities and Exchange Commission, Titan will announce from time to time the aggregate ownership of its key management, directors and strategic investors in an effort to provide complete transparency to all stockholders.

About Titan Global Holdings

Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets and advanced technologies. In its last fiscal year Titan generated in excess of $109 million in revenues on a consolidated basis.

Titan's Oblio Telecom Inc. ("Oblio") telecommunications subsidiary, based in Richardson, Texas, is a market leader in prepaid telecommunications products and the second largest publicly-owned international telecommunications company focused on the prepaid space. Oblio leverages strategic agreements with Tier 1 telecommunications leaders Sprint and Level3 to supply its brand-name prepaid calling cards. Annually Oblio sells an estimated 35 million of its brand-name prepaid calling cards through its established distribution channels estimated at more than 60,000 retail outlets.

Titan Wireless, Inc. ("T Wireless") is Titan's wireless subsidiary and is a mobile virtual network operator ("MVNO"). T Wireless sells its MVNO prepaid wireless products and wireless services through Oblio's established distribution channels. Titan's Electronics and Homeland Security division specializes in advanced manufacturing processes to provide commercial production runs and quick-turn delivery of printed circuit board prototypes for high-margin markets including Homeland Security and high-tech clients.

For more information, please visit: www.titanglobalholdings.com. For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/titan/ or http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0. To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/titan/quote.html. To view an investor fact sheet about the company, visit http://www.trilogy-capital.com/tcp/titan/factsheet.html.

Forward-Looking Statements

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of TTGL could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
Contact:
Trilogy Capital Partners
Financial Communications:
Ryon Harms, Toll-free: 800-592-6067
ryon@trilogy-capital.com

Source: Titan Global Holdings, Inc.

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