Wall Street News Alert's "stocks to watch" this morning are: Titan Global Holdings, Inc. (OTCBB: TTGL), Verizon Communications Inc. (NYSE: VZ), Google Inc. (NASDAQ: GOOG) and SINA Corporation (NASDAQ: SINA).
Once again, Titan Global Holdings, Inc. (OTCBB: TTGL) may be a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that its PCB divisions shipped $1.8 million during the month of July, 2006.
The news should get the attention of investors! The strong sales were delivered during a usually seasonally slow summer month with four fewer business days. In addition, bookings continue to rise as nine new customers were added during the month of July.
Titan recently announced that Titan's PCB West division had increased production capacity by approximately 20% through process redesign and expanded use of automation to support its increased bookings. During the month of July, Titan PCB West captured nine new customers due to increased capacity and continues to be exposed to additional revenue and customer opportunities.
Investors should continue to monitor the progress of Titan Global! According to the press release, Titan's Amesbury, Massachusetts plant, which is one of a limited number of PCB manufacturers with the US Department of Defense 31032 certification, recently received an additional order from a large existing customer within the U.S. defense industry.
Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Titan Global! "The changes we made over the last year to personnel, facilities, and our customer mix continue to bear fruit," said Curtis Okumura, Chief Executive Officer of Titan Global Holdings, Inc. "Recent successes will enable us to continue to improve our operating and financial efficiencies as a leading quick-turn printed circuit board manufacturer while we continue to deliver high quality service to our customers."
"Titan PCB continues to build momentum," added Bryan Chance, Chief Financial Officer of Titan Global Holdings, Inc. "Despite four fewer production days and a summer month that is historically speaking usually 'soft,' we maintained strong shipments and increased bookings while maintaining strong profit margins. Our team is committed to the pursuit of all organic and strategic opportunities that create shareholder value."
Continue to watch this company! Last week Titan announced a Roll-Up acquisition Strategy to actively pursue accretive acquisitions engineered to increase shareholder value for its wholly owned subsidiary, Oblio Telecom, Inc.
In July, Titan Global reported record consolidated financial results for the third quarter of fiscal 2006 ended May 31, 2006, which included total operating revenues of $28.8 million. In addition, it was reported that Titan's operating divisions generated the cash flow necessary to reduce its senior term debts by approximately $3.8 million to a balance of $10.5 million.
Prior to the latest press release, the stock closed yesterday at Sixty cents a share.
For an in-depth profile of Titan Global Holdings, visit http://www.thenewssvc.com/TTGL080306.html
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In case you are not familiar with the company: 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.
Verizon Communications Inc. (NYSE: VZ) down 0.1% on 7 million shares traded. Verizon Communications Inc. is one of the leaders in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers.
Google Inc. (NASDAQ: GOOG) up 2.2% on 6.3 million shares traded. Google's innovative search technologies connect millions of people around the world with information every day.
SINA Corporation (NASDAQ: SINA) up 13% on 5.8 million shares traded. SINA Corporation is a online media company and value-added information service (VAS) provider for China and for global Chinese communities.
"In retail sales, the July heat was partly to blame for tepid sales results. Wal-Mart reported sales in their expectation range of 2.4%. Target is forecasting same store sales of 2-4% in August, down from a year ago 6.4%. The Gap reported a 4% drop in July sales and is giving warning signals regarding second-quarter profits below street estimates," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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