Titan Global Holdings Announces Appointment of Michael F. D'Onofrio as Executive Vice President, M&A

Business Wire,  July 9, 2008  

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Appointment to Accelerate Mission to Capitalize on International Strategic Mergers, Acquisitions and Expansion Opportunities

RICHARDSON, Texas -- Titan Global Holdings, Inc. ("Titan") (Pink Sheets: TTGL), a high-growth diversified holding company, today announced the appointment of Michael F. D'Onofrio to Executive Vice President, Mergers & Acquisitions, replacing Kurt Jensen who recently assumed duties as President & CEO of Titan's rapidly expanding Communications division.

Michael F. D'Onofrio, a senior Partner with Treasure Coast Capital Partners and previously with renewable energy and biofuel startup NewGen Technologies and ReFuel America, has been selected to lead Titan's M&A project deployment as Executive Vice President.

As an original founder, senior VP and COO at NewGen and ReFuel America, Mr. D'Onofrio played an integral role in the initial design, development and implementation of the corporate global strategic initiatives.

At Treasure Coast Capital Partners, Michael specializes in international M&A including experience with manufacturing, distribution, wholesale and retail fuels, logistics, real estate development, healthcare and medical technology. He has proven passion for alternative fuels, renewable energy and biofuels including sustainable ethanol, biodiesel, algae feedstock and production solutions.

Michael has successfully led targeted acquisitions, sold companies for clients, raised investment capital and assisted with strategic emerging ventures in the US, UK, France, Brazil, Costa Rica, Panama, Germany, Korea, Singapore, Kuala Lumpur and Dubai.

Prior to Treasure Coast, NewGen and ReFuel America, Michael worked with a private group of investors in the medical industry, opening multiple diagnostic imaging facilities across the US utilizing some of the most advanced diagnostic imaging and open MRI technology available today.

Michael started his career with The Sherwin-Williams Company assisting many of the largest retailer's paint and coatings and private label projects and strategic expansion including with Wal-Mart, Home Depot, Lowe's, and Sears Roebuck. Michael organized and managed new sales forces, developed innovative marketing programs and implemented new products.

"Working closely with Titan's expansive network of portfolio companies, seasoned management, strategic investors and outside consultants, I believe we have multiple opportunities to acquire synergistic operations in technology, production, distribution and logistics adding incremental revenue and earnings to Titan," said Mr. D'Onofrio." "It is exciting to work with a growing company like Titan with such diverse operations from energy and communications to consumer products, electronics and homeland security."

Michael obtained his MBA from Nova Southeastern University's Huizenga Graduate School of Business and Entrepreneurship in Ft. Lauderdale, Florida after undergraduate studies in Business at John Carroll University in Cleveland, Ohio. Michael works out of West Palm Beach, Florida and Charlotte, North Carolina.

"Michael is a unique talent who has diverse professional skills and international business relationships across a wide rage of industries," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "His tireless work ethic and passion for environmentally-friendly renewable fuels and alternative energy will contribute enormously to the growth and financial success of Titan."

"Michael will review, manage and expedite the initial M&A and business development opportunities or investments for Titan and its various divisions," added Mr. Chance. "Mr. D'Onofrio, our financial and legal teams, along with the rest of senior management will then further evaluate the merger candidates or acquisition targets for return on investment, shareholder value, efficient integration potential and strategic growth."

About Titan Global Holdings

Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources and distribution.

Titan's operating divisions include the following:

The Titan Global Energy Division owns and operates traditional and next-generation renewable energy and fuel assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.

Titan's Communications Division serves the communication needs of those individuals that have emigrated from their host country to the United States or other countries and plans to addresses a range of high-growth markets in the international telecommunication segments, including communication technology, platform management, international wholesale communication and the distribution of prepaid international telecommunication products.

Titan Global Brands designs, develops, and distributes consumer products from value categories to high end branded categories, through its existing distribution channels and new ones suitable for such products. Together, it integrates, protects and expands its consumer brand management capabilities to leverage and optimize growth across Titan's worldwide distribution channels.