SOURCE: Titan Global Entertainment, Inc.

January 29, 2007 09:01 ET

Titan Global Reaches Final Structure With Investors to Close Its REG D 504 Offering

Completing Its Initial Capital Raise of Approximately $900,000 as Part of the Company's Restructure Plans

MIAMI, FL -- (MARKET WIRE) -- January 29, 2007 -- Titan Global Entertainment, Inc. (PINKSHEETS: TGLE) announces that the Board of Directors has reached a final structure with its REG D 504 investors to complete the capital raise of approximately $900,000 as part of the Company's restructure and recapitalization plan allowing the company to focus on the long-term capitalization requirements. As announced in November 2006, the Board of Directors approved a restructure plan that consisted on the following items.

  1.  Increase the size of the Board membership to seven members. Three
      of its members will consist of key management personnel with the
      remaining four members from outside the company personnel. This will
      provide the company with the type of Board that positions the
      company in meeting long-term financing requirements and movement to
      NASDAQ or AMEX.
  2.  A change in business structure creating three business units
      providing management support in meeting the Company's business
      objectives. As part of the restructure, the Company will formulate
      advisory boards made up with industry leaders to review and support
      the Company's business plans implementation.
  3.  Hiring of key executives to fill the leadership positions of the
      newly created business units.
  4.  A recapitalization plan that includes both short and long term
      financing objectives.
"The Company has completed many of the restructuring points and will be making them public very shortly. This is an extremely significant event in the growth of the Company. For months, we have worked diligently to complete this plan of restructure and recapitalization. We continue to look forward 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 --, 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.

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