SOURCE: Titan Global Entertainment, Inc.

January 31, 2007 09:01 ET

Titan Global Announces Business Units

Providing Management Focus in Meeting Strategic Business Plan as Part of the Company's Restructure Plans

MIAMI, FL -- (MARKET WIRE) -- January 31, 2007 -- Titan Global Entertainment, Inc. (PINKSHEETS: TGLE) announces that the Board of Directors has restructured the company into three business units which will provide the required management focus and leadership in meeting the company's strategic business plans. Following the announced restructure plans in November 2006, the three units will consist of the following:

1. Artist Distribution Unit focusing on the distribution of artist albums,
   videos, etc. through the Universal Music Group Distribution Agreement.
   This will include artist promotion and publication. The Company is
   already generating revenues from albums releases through Universal
   Music Group.
2. Media Distribution Unit focusing on the distribution of all forms of
   content through the company's single page navigation portal. Content
   will include music, music videos, games, TV sitcoms, books, movies,
   merchandising and personal content storage for each member of the
   portal.
3. Technology and Distribution Licensing Unit focusing on private
   labeling the company technology and content distribution through
   strategic distribution partners worldwide.
"In completing the short term financing of the Company we are able to restructure the operational units hiring key management leadership to direct the operations in meeting the Company's strategic business plans. The Company is in negotiations with industry professionals to become part of the Titan team. Titan's management is committed to the successful implementation of the restructure and recapitalization plans," said Jim Pugh, Chairman & CEO of Titan Global Entertainment, Inc.

Titan Global Entertainment, Inc. is a multi-faceted entertainment company that specializes in audio and video digital distribution through its state of the art web portal -- TitanTunes.com, the design, production and sale of four multi-media players (The Omni), traditional record production and marketing through Universal Music Group distribution, television, publishing and artist management. Titan is dedicated to supplying new emerging technologies for music to talented artists of various backgrounds on the worldwide web.

Safe Harbor -- This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Titan Global Entertainment, Inc. future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.

Contact Information

  • Press Contact:
    Titan Global Entertainment, Inc.:
    305.893.2007