Titanium Transportation Group Inc.

Titanium Transportation Group Inc.

July 15, 2015 08:00 ET

Titanium to Take Delivery of 240 New Volvo Trucks in 2015 and 2016

WOODBRIDGE, ONTARIO--(Marketwired - July 15, 2015) - Titanium Transportation Group Inc. ("Titanium" or the "Company") (TSX VENTURE:TTR) is pleased to announce that the Company has received the first shipments of its 2016 Volvo VNL 670 trucks (power units) and expects to take delivery of a total of 140 Volvo trucks during 2015 and in early 2016.

Titanium has also secured up to an additional 100 Volvo truck build slots for delivery in 2016.

The new trucks will allow Titanium to continue to execute its proven organic and acquisition growth strategy.

Titanium's current fleet consists of 350 power units, including 30 Volvo trucks that have already been delivered in 2015. It is expected that up to 100 of the new trucks will replace existing power units. Additionally, a portion of the new trucks will be used to replace equipment from future acquisitions. Volvo Financial Services will be providing financing for all of the new trucks.

Mr. Ted Daniel, CEO of Titanium commented: "The increase in the size of our fleet is a direct response to our customers needs in our core markets where access to freight capacity has become limited."

About Titanium

Titanium is a leading asset-based transportation and logistics company servicing Canada and the United States, with 350 power units, approximately 1,100 trailers and approximately 400 employees and independent owner operators. Titanium provides truckload, dedicated, and cross-border trucking services, freight logistics, and warehousing and distribution to over 800 customers. Titanium is a recognized consolidator of asset-based transportation companies in Ontario, having completed seven asset-based trucking acquisitions since 2011. Titanium has also been ranked by PROFIT magazine as one of Canada's Fastest Growing Companies for six consecutive years.

Cautionary statement regarding forward-looking statements

Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking statements are provided for the purposes of assisting the reader in understanding Titanium's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may relate to Titanium's future outlook and anticipated events, and may include statements regarding the financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, taxes and plans and objectives of or involving Titanium. Particularly, statements regarding the use of proceeds as well as the future results, performance, achievements, prospects or opportunities for Titanium or the industry in which it operates are forward-looking statements. In some cases, forward-looking information can be identified by terms such as "may", "might", "will", "could", "should", "would", "occur", "expect", "plan", "anticipate", "believe", "intend", "seek", "aim", "estimate", "target", "project", "predict", "forecast", "potential", "continue", "likely", "schedule", or the negative thereof or other similar expressions concerning matters that are not historical facts.

Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.

The forward-looking statements made in this press release are dated, and relate only to events or information, as of the date of this press release. Except as specifically required by law, Titanium undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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