SOURCE: Titan General Holdings Inc.

June 24, 2005 10:42 ET

Ventures-National Inc. D.B.A. Titan General Holdings Announces Resignation of Kenneth Shirley From Board of Directors

In Connection With the Agreement, Shirley Cancels All Warrants and Options

FREMONT, CA -- (MARKET WIRE) -- June 24, 2005 -- Ventures-National Inc. d.b.a. Titan General Holdings Inc. ("Titan") (OTC BB: TTGH) today announced that Kenneth Shirley resigned as a member of the Board of Directors of Titan, together with any committees of or appointed by the Board. This resignation was not the result of any disagreement between Titan and Mr. Shirley. Further, the agreement confirms Titan has fulfilled all financial obligations to Mr. Shirley, owes him no other sums, including salary, commissions, expense reimbursements, stock options, or stock warrants or any other consideration of any kind whatsoever. In addition, Mr. Shirley agreed that all stock options or warrants previously granted to him were terminated, without further right of exercise, and without any further consideration payable to Mr. Shirley.

"Titan appreciates Ken's service and we wish him well. In the near future we will announce the appointment of new members to our Board of Directors." said David Marks, Titan Chairman.

About Ventures National Inc. dba Titan General Holdings Inc. ("TTGH"): Titan,, is a printed circuit board manufacturer providing competitively priced time-sensitive, quality products to the commercial and military electronics markets. The Company offers high layer count, fine line production of rigid, rigid-flex and flex PCBs. Titan targets quick turn and standard delivery needs from prototype, pre-production through production, using various standard and advanced materials. Titan combines the strengths of its design for manufacturing (DFM), repetitive quality and supportive customer service with an extremely cost effective pricing structure. With this competitive edge, Titan is not only a reliable resource for all printed circuit board requirements but also a technical source unmatched in today's PCB supply chain.

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of TTGH could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.

Contact Information