SOURCE: Titan Energy Worldwide, Inc.

November 02, 2007 09:00 ET

Titan Energy Worldwide, Inc. CEO, John Tastad, Returns From Trade Mission to India Promoting Sentry 5000 and Titan's Power Generation Capabilities

SAN DIEGO, CA--(Marketwire - November 2, 2007) - Titan Energy Worldwide, Inc. (OTCBB: TEWI) announced today that its Chief Executive Officer, John Tastad, returned recently from a trade mission to India sponsored by Governor Tim Pawlenty and the State of Minnesota. Mr. Tastad, along with 40 other business leaders from Minnesota, traveled throughout India October 20-27 for a series of market and industry presentations, networking events, roundtable discussions and one-on-one business matchmaking events with potential Indian customers, distributors and partners. During the mission, Minnesota entered into a sister state agreement with the Indian state of Haryana, the first such agreement in India's history, and state officials believe the pact will prove to be more than just ceremonial.

"I am extremely pleased with the many positive results that developed for Titan on this trade mission," stated John Tastad. "The statistics regarding India's continued growth is staggering and the demand for reliable power put Titan in the spotlight. I was approached by many governmental, private and non-profit groups looking for assistance in providing power generation. This trip has also introduced me to some outstanding resources that are available to us from both the Minnesota and US Trade Offices."

The Minnesota Trade office arranged meetings for Mr. Tastad to talk with parties potentially interested in distributing the Sentry 5000. During the trip, Mr. Tastad had private meetings in New Delhi, Bangalore, and Mumbai. Some of the meetings included: Brijbasi, an Indian fire truck manufacturer; Asian Contec, which represents large earth moving equipment in 6 locations in India; and the Hinduja Group, one of the largest diversified groups in the world.

"This trip opened up real opportunities for Titan in India which we will continue to explore," added Tastad. "While our largest market continues to be North America, we will continue to look to India and other international markets for future growth of the company. This trade mission was an excellent first step in that process."

The Sentry 5000 was designed and developed by Titan to be a smaller, completely self sufficient first response unit that will provide vital services in manmade and natural disasters. The Sentry 5000 generates electricity, provides heating and cooling, water filtration, satellite communications, compressed air, voice and data communications, emergency area lighting, and the ability to support up to an additional 50 kilowatts of area lighting, power tool use or other emergency requirement for power source. More information on Titan Energy Worldwide and Stellar Energy Services can be found at www.titanenergy.com.

The Minnesota Trade Office (MTO) promotes and assists in the expansion of exports and foreign direct investments that contribute to the growth of the Minnesota economy. MTO's services are tailored for new exporters as well as experienced international companies, and include education and training, information and marketing, and counseling.

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of TEWI officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future TEWI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and TEWI has no specific intention to update these statements.

Contact Information

  • Contact:
    Jeffrey Flannery
    (619) 342-7449