SOURCE: Titan Global Entertainment, Inc.

March 06, 2007 14:02 ET

Titan Global Concerned About Erratic Trading Requests "NOBO" List to Reconcile Shareholder Positions

MIAMI, FL -- (MARKET WIRE) -- March 6, 2007 -- Titan Global Entertainment, Inc. (PINKSHEETS: TGLE) announced today that the Board of Directors are concerned over the erratic trading and what appears to be trading shorts that it has requested a NOBO list to reconcile the shareholders positions. Once reconciled, the company will be in a position to better determine the cause of such erratic trading patterns.

"We are working diligently to complete the company restructure and long term financing. In looking at the recent trading activities, it appears that some shareholders wish to not allow the stock to strengthen in value. We think that our stock is dramatically undervalued. We have been looking at the possibility for some time now that TGLE's stock has become a victim of entities who short stocks given the knowledge we are funding the company through a Reg D 504. Having negotiated the completion of the Reg D 504 with our investors, we can now turn our attention to reviewing the trading of the Company's stock. It is our belief that our shareholders see the long-term value of owning stock in the Company and wish the company to grow. If we identify any irregularities we will take whatever additional steps required to protect the Company's shareholders," said Jim Pugh, Chairman & CEO of Titan Global Entertainment, Inc.

Titan Global Entertainment, Inc. is a multi-faceted entertainment distribution technology & networking company that specializes in reaching and marketing entertainment products and services as well as consumer goods to consumers via its network of media properties (radio, TV, Cable, magazines, newspapers and websites). Its online network ( is launching early this year. Its music division Pyramid Records is a traditional record production, music marketing and licensing company with a distribution partnership with the Universal Music Group. Pyramid Records' business also includes distribution, television syndication, publishing and artist management. Titan is dedicated to supplying new emerging technologies for video and music to talented artists via 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.
    Email Contact