SOURCE: Titan General Holdings Inc

October 11, 2005 10:23 ET

Ventures-National, Oblio and CellStar Announce Strategic Distribution and Logistics Agreement

CellStar Provides Integrated Logistics and Distribution for Oblio's BRAVO Cellular

CARROLLTON, TX and DALLAS, TX -- (MARKET WIRE) -- October 11, 2005 -- Ventures-National Inc. DBA Titan General Holdings Inc. ("Titan") (OTC BB: TTGH) and CellStar Corporation ("CellStar") (OTC: CLST) today announced a strategic agreement wherein CellStar will provide integrated forward logistics and distribution services for Oblio Telecom, Inc. ("Oblio"). The distribution and logistics will be provided through CellStar's Omnigistics(SM) logistics program, a turnkey forward and reverse solution that provides enhanced services and programs custom designed for complex wireless business needs.

Oblio, a business unit of Titan, is a mobile virtual network operator ("MVNO") that operates under the BRAVO Cellular brand, which recently launched this service. Under the agreement, CellStar will provide forward logistics and distribution services for BRAVO, including inventory management, packaging, programming and kitting wireless phones into retail-ready units, and shipping to Oblio's distribution channels.

"CellStar is a clear leader in wireless logistics and distribution for the carrier and MVNO markets, and because of its regarded reputation and proven expertise, we chose CellStar as our distribution partner to support the launch of Bravo Cellular," stated Bill Streidl, Oblio's executive vice president. "CellStar provides a high level of customer care and has demonstrated an agility to adapt to our fast timelines and diverse market needs."

"Oblio is an established communication company, and we believe its BRAVO Cellular will sustain rapid growth," said Timmy Monico, CellStar's vice president of sales for the U.S. region. "CellStar is poised and ready to take a proactive role in assisting Oblio expand into its target markets. We will leverage our expertise as an expert MVNO service partner for logistics and distribution as Oblio offers its prepaid wireless service through 60,000 nationwide retail locations."

BRAVO Cellular is a pay-as-you-go prepaid wireless service that offers a simple rate structure with unlimited nights and weekends. BRAVO includes domestic and international prepaid wireless communication services, and is sold as a turnkey prepaid wireless offering complete with a packaged wireless handset and $10 initial account value that is ready to use upon purchase. Under the BRAVO program, customers aren't required to sign a contract. Customers can "pay as they go" by purchasing "BRAVO Refill Cards" at Oblio's retailers or with a credit or debit card through Oblio's Customer Care Department.

About Ventures-National Inc. dba Titan General Holdings Inc., (OTC BB: TTGH):

TTGH operates through three divisions -- Oblio Telecom, Inc., Titan PCB East, Inc. and Titan PCB West, Inc., (collectively, "Titan PCB"). Oblio is engaged in the creation, marketing, and distribution of prepaid telephone products for the wire line and wireless markets and other related activities. Titan PCB is a printed circuit board manufacturer providing competitively priced time-sensitive, quality products to the commercial and military electronics markets. Titan PCB offers high layer count, fine line production of rigid, rigid-flex and flex PCBs. Titan PCB targets quick turn and standard delivery needs from prototype, pre-production through production, using various standard and advanced materials. Titan PCB combines the strengths of its design for manufacturing (DFM), repetitive quality and supportive customer service with an extremely cost-effective pricing structure. With this competitive edge, Titan PCB is not only a reliable resource for all printed circuit board requirements but also a technical source unmatched in today's PCB supply chain. About CellStar Corporation,, (OTC: CLST):

CellStar Corporation is a leading provider of value-added logistics services to the wireless communications industry, with operations in the North American and Latin American regions. CellStar facilitates the effective and efficient distribution of handsets, related accessories and other wireless products from leading manufacturers to network operators, agents, resellers, dealers and retailers. CellStar also provides activation services in some of its markets that generate new subscribers for wireless carriers.


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 TTGH 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.


This news release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. A variety of risk factors, including the Company's ability to implement its business strategies, to maintain its channels of distribution, continue to secure an adequate supply of competitive products on a timely basis and on commercially reasonable terms, improve its operating margins, secure adequate financial resources, maintain an adequate system of internal control, comply with debt covenants, and continually turn its inventories and accounts receivable, as well as changes in foreign laws, regulations and tariffs, new technologies, system implementation difficulties, competition, handset shortages or overages, terrorist acts, a decline in consumer confidence, economic weakness in the U.S. and other countries in which the Company does business and other risk factors, are discussed in the Company's Annual Report on Form 10-K. Any one, or a combination of these risk factors could cause CellStar's actual results to vary materially from anticipated results or other expectations expressed in the Company's forward-looking statements.

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