Penny stock TTGL Titan Global Increases Bookings and PCB Production Capacity; Recently Completed Process Redesign and Automation Improves Capacity by
"Changes to our workflow, software, workstations and equipment have yielded a sharp increase in our production capacity," said Curtis Okumura, Chief Executive Officer of Titan Global Holdings, Inc. "This increase in production capacity will enable us to shorten our quick-turn printed circuit board manufacturing time. This will enable us to pursue a larger proportion of the premium quick-turn production demand we are experiencing."
"We were able to increase our production capacity with minimal capital expenditures," added Bryan Chance, Chief Financial Officer of Titan Global Holdings, Inc. "As a result our incremental revenue will bolster profit margins in our core quick-turn printed circuit board business."
About Titan Global Holdings, Inc. www.titanglobalholdings.com:
Titan Global Holdings, Inc (OTCBB:TTGL) is an emerging growth telecommunications and technology company. The company is best known for its Picante and TCC brands marketed through its Oblio Telecom division (www.obliotel.com) which is a market leader in prepaid telecommunications services based in Richardson, Texas. Oblio Telecom provides a broad array of prepaid international calling cards through a distribution network covering an estimated 60,000 retail locations nationwide and in Puerto Rico. The Company is currently strategic partners with two tier one communications providers for its prepaid calling card services and is expanding its capacity to terminate calls internally. Additionally, the Company successfully launched BRAVO Cellular, a prepaid wireless communications division, in its second fiscal quarter of 2006. BRAVO Cellular offers prepaid wireless solutions to a rapidly expanding market segment through a mobile virtual network operator agreement with a tier one communications provider.
The Company also operates Titan PCB, a leading manufacturer of printed circuit boards with facilities in California and Massachusetts. The Massachusetts facility (www.titaneast.com) is 31032 certified by the United States Department of Defense. This facility specializes in military production and rigid flex production. The California facility (www.titanems.com) focuses primarily on innovative prototype, quick-turn and pre-production of high layer count printed circuit boards.
The Company employs more than 200 people in Amesbury, Massachusetts; Fremont, California and Richardson, Texas.
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