Titanium Transportation Group Inc.

Titanium Transportation Group Inc.

March 03, 2015 16:00 ET

Titanium Transportation Group Announces the Acquisition of Muskoka Transport Limited

WOODBRIDGE, ONTARIO--(Marketwired - March 3, 2015) - Titanium Transportation Group Inc. ("Titanium" or the "Company") is pleased to announce it has acquired Muskoka Transport Limited ("Muskoka Transport"). Muskoka Transport is an asset-based transportation and logistics company based in Bracebridge, Ontario with additional terminals in Barrie and Bolton, Ontario.

Muskoka Transport was founded by Paul Hammond in 1971 and has a long-standing and well-established customer base in the greater Muskoka region. Muskoka Transport provides truckload flatbed freight and van shipping services with over 400 trailers, over 100 power units and over 170 employees.

Mr. Ted Daniel, CEO of Titanium commented, "Titanium has a proven track record of acquiring asset-based transportation companies, extracting synergies, and implementing leading edge technologies. Muskoka Transport is the seventh acquisition that Titanium has completed since 2011. This acquisition is expected to add significant further growth, development, and synergies for Titanium, particularly with existing Titanium customers in the Orillia area. We welcome the Hammond family and Muskoka Transport's management team and staff to Titanium."

About Titanium

Titanium is a leading asset-based transportation and logistics company servicing Canada and the United States, with approximately 1,000 trailers, over 300 power units and over 400 employees. Titanium provides truckload, dedicated, and cross-border trucking services, freight logistics, and warehousing and distribution to over 600 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 anticipated growth, development, and synergies for Titanium resulting from the acquisition of Muskoka Transport, 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.

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