SOURCE: Tytan Holdings Inc.

January 14, 2011 14:14 ET

Tytan Holdings Inc. ("TYTAN") Today Announced That Tytan International Inc Has Prevailed in a Litigation Between Mark Leonard (Tytan International) and Bogden Inc. (Tractorco.com)

KALAMA, WA--(Marketwire - January 14, 2011) - Tytan Holdings, Inc (PINKSHEETS: TYTN)

On October 13, 2010, Arbitration was set for a case Tytan International Inc had against Bogden Inc. for Internet defamation. Tytan had canceled a Dealer Agreement with Tractorco for Dealer misrepresentation which, according Tytan International, resulted in Tractorco seeking numerous avenues to defame Tytan on the Internet. After one year of nonstop negative and slanderous representations, Tytan International Inc sought the aid of the courts in order to preserve truthful information in the Market place.

On December 28, 2010, Judge Robert H. Peterson of JAMS ruled a favorable decision in favor of Mark Leonard and Tytan International Inc on all counts against Mr. Bogden and Bogden Inc.

Tytan is pleased about the results and is anxious to move ahead with its aggressive growth plans to build Tytan tractor & implement sales. Tytan will have a steady stream of News releases this spring announcing many exciting new developments.

Safe Harbor Statement

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

Contact Information

  • Contact:
    Investor Relations
    Shaun Kohlmeier
    (860) 484-3727