Titan Global Entertainment, Inc.

November 14, 2006 09:01 ET

Titan Global Restructures and Recapitalizes the Company

Bringing New Management, Increased Support for Long-Term Growth and Capital to Achieve the Company's Strategic Business Plan

MIAMI, FL--(CCNMatthews - November 14, 2006) - Titan Global Entertainment, Inc. (PINKSHEETS: TGLE) announces that the Board of Directors has agreed to a restructure and recapitalization plan that encompasses four strategic points approved by the Board of Directors.

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

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

"We are excited about these changes and want to publicly thank those who have worked with us behind the scenes to get us to this point. This is an extremely significant event in the growth of the Company. For months, we have worked diligently to plan for and work through the issues of restructure and recapitalization. We look forward to the successful implementation of the restructure and recapitalization plans," said Jim Pugh, Co-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. www.titan-entertainment.net

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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