Title Consulting Services, Inc.

May 06, 2011 15:48 ET

Title Consulting Services, Inc. (TITL) CEO Shareholder Address

ST. PETERSBURG, FLORIDA--(Marketwire - May 6, 2011) -Title Consulting Services, Inc. (PINK SHEETS:TITL) (www.titleconsultingservices.com) CEO Dustin Secor addressed the current developments and state of the company.

Dear Shareholders,

I would like to start by thanking each and every one of our shareholders for all of their support, dedication and patience with the development and growth of "OUR" company. The entire TITL team is dedicated and focused to reach all of our goals.

This last quarter has been challenging to say the least. I have been overwhelmed by the amount of involvement to achieve the lofty goals that were set forth in regards to our Mergers and Acquisitions activities. When opportunities present themselves, we have to act swift to take full advantage. I feel strongly, that the businesses that are now part of our team through this M&A activity will result in long-term growth and opportunities for our company and our shareholders.

The culmination of the two mergers early in the quarter of PresentAll and Text My Market along with the development of new technologies for both of these companies should result in continued growth and profitability.

I am also pleased to announce that we have completed the final 2 acquisitions for this quarter. These two app companies are cash flow positive and should add favorably to our bottom line once the revenue is recognized on our P&L.

These four acquisitions should add approximately $1.5 million in gross revenue and an estimated $250,000 in profits (excluding depreciation). This means that TITL's gross income should approach approximately $2.5 million on a consolidated basis. TITL also looks to additional economies of scale and cross-marketing products and services, which should result in further income growth opportunities.

With the decline of our stock price, we found it difficult to raise the capital that was necessary for these final deals. I believe that there is huge growth potential within the smartphone and mobile platform industry and rather than loose the opportunity and not proceed, I have personally financed the remaining portion of these transactions. I have provided $150,000 to finalize these transactions. This loan will be at zero percent interest and it will NOT have a convertible component.

I am also excited to share our new website with you as it relates to the App development companies www.action-app.com. This website will give you great insight into the current technologies as well as where we see the future growth within this sector. I'm sure, once you read this information, you will agree with me, that the mobile sector is rapidly expanding and creates many opportunities for success.

We also did not use all of the shares previously issued for our M/A activity and the unused shares have been returned to treasury resulting in a decrease in our OS as of 4/29/2011. Previously our OS was 896,000,000 and as of 4/29/2011 our OS was 791,866,827.

Today, brings the first day of the new quarter and with it, new opportunities for growth and prosperity. Each day, I will work relentlessly to bring profitability and growth to our company for increased shareholder value.

Dustin Secor, CEO

The company will continue to update its shareholder base on timely basis regarding all new developments and achievements.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of Title Consulting Services, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. Title Consulting Services, Inc. cautions you that any forward-looking information provided by or on behalf of Title Consulting Services, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Title Consulting Services, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Title Consulting Services, Inc.'s control. In addition to those discussed in Title Consulting Services, Inc.'s press releases, public filings, and statements by Title Consulting Services, Inc.'s management, including, but not limited to, Title Consulting Services, Inc.'s estimate of the sufficiency of its existing capital resources, Title Consulting Services, Inc.'s ability to raise additional capital to fund future operations, Title Consulting Services, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Title Consulting Services, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Title Consulting Services, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

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