SOURCE: Titan Global Holdings, Inc.

June 02, 2006 06:00 ET

Titan Global Announces Stock Ownership of Management and Directors

Management and Directors Control Approximately 69.68% of the Fully-Diluted Shares

DALLAS, TX -- (MARKET WIRE) -- June 2, 2006 -- Titan Global Holdings, Inc. ("Titan") (OTCBB: TTGL) announced that as of May 15, 2006, Titan had 44,586,052 shares of common stock outstanding and 66,980,552 shares outstanding on a fully-diluted basis. The fully-diluted share count assumes all stock options are exercised and assumes all convertible debt in the amount of $15.1 million is converted into common stock at $1.50 per share.

As of May 15, 2006, the Management and Directors of Titan control 46,674,849 shares of common stock, which represents 69.68% of the fully-diluted shares outstanding.

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

"In addition to any share ownership disclosure that is legally required by the Securities and Exchange Commission, the company intends to announce from time to time the aggregate ownership of its key Management and Directors in an effort to provide complete transparency to all stockholders," said Curtis Okumura, President and CEO of Titan.

About Titan Global Holdings, Inc.:

"Titan operates through three divisions -- Oblio Telecom, Inc. ("Oblio"), Titan PCB East, Inc. and Titan PCB West, Inc. Oblio is engaged in the creation, marketing, and distribution of prepaid telephone products for the wire line and wireless markets and other related telecommunications activities. Oblio also operates as a mobile virtual network operator branded as Bravo Cellular. Its products are distributed through a network of distributors covering an estimated 60,000 retail locations throughout the United States.

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.

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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.

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