Titan Energy Worldwide Shares Plan for Growth, Direction and Profitability in Letter to Shareholders

NEW HUDSON, MI, Oct 05 (MARKET WIRE) --
Titan Energy Worldwide (OTCBB: TEWI), a leader in the manufacturing,
marketing and servicing of power generation products and services, today
issued the following Company statement as a press release.

"During the last several months, Titan Energy Worldwide has produced
record sales while continuing to grow the base of our Company's business.
This progress is due to the strength of our business plan and the
commitment of our management and staff. However, we have just begun to
execute on our plan and are now focused on the next stages of the
Company's growth and development. This letter to the shareholders will be
the first in a series of communications from the Management of Titan
Energy, as we continue to successfully execute on our vision to become 'A
New Kind of Energy Company.'

"Our Place in the Nation's Smart Grid. Tremendous changes are taking place
in the energy industry, and opportunities are arising with the development
of new technologies, changing priorities and stronger solutions. Titan
Energy was established to take advantage of the growing demand for
reliable power generation and energy technologies in nearly every area of
business. Our world runs on power and many industries require a source of
energy that is dependable, continuous and reliable. In recent years the
ability to control, manage and monitor power consumption has taken on
greater importance as we seek to conserve energy as well as curtail
energy costs.

"Titan Energy is a growing and dynamic participant in the distributed
energy and energy management industries, important and vital components of
the nation's 'Smart Grid.' Titan offers industrial power generators
ranging in size from 50kW to several Megawatts that can be deployed and
managed outside the current system of power plants and utility operated
power supplies. We sell and service these generator systems to a wide
range of industrial customers, including: hospitals, telecommunications
companies, financial institutions, manufacturers -- any company that needs
reliable and continuous power. We also provide a range of services to help
customers better manage their energy assets, control energy consumption
and utilize alternative energy technologies. These areas of the Smart Grid
offer some of the most immediate opportunities for growth and
profitability.

"Our Goals -- Growth and Profitability. We have completed two acquisitions
that give us a solid foundation in the power generation business in the
Midwest and Southeast United States. Having successfully integrated these
companies into Titan Energy's operations, we have further demonstrated our
ability to increase sales in these divisions, expand their services, and
improve efficiencies. The result has been record bookings and sales,
records that were posted during an economic recession! We are very proud
of our management team, our sales and support staff and our industry
partners for helping Titan achieve our current level of success.

"We are now ready to move forward and take our place as the energy company
of the future. We have a foundation of solid business, key geographical
territories, and skilled personnel who are knowledgeable about the
technologies and services that are driving and redefining the energy
industry. We have minimized our debt and restructured our company so as to
reduce our overhead expense and make significant improvements to our
bottom line. We are ready to grow and have a solid plan that will drive
us to success.

"Our primary goals are:

1) To continue to grow our revenues internally.

2) To increase our geographic sales territories and business capabilities
through acquisitions.

3) To further our capabilities with alternative energy technologies and
expand our ability to offer energy management services and Smart Grid
solutions.

4) To be EBITDA and cash-flow positive by June 30, 2010.

"Internal Growth. We believe we can double our current revenues
(approximately $10 million), through internal growth over the next 24
months. This growth will take place through expanding our sales and
service offerings, securing more long-term contracts and increasing the
recurring revenue we receive. In our Midwest territory, for example, we
have increased service revenues from 10% to 30% of the overall sales
revenues during the past three years. In 2009, service revenues will
account for $3 million of our $10 million in total sales. This trend is
significant to our bottom line as the gross margin on service revenues is
generally 50% or higher compared to 20% for equipment sales.

"We have identified key areas where we can expand our abilities to offer
energy management and efficiency services to our customers. In addition to
offering emergency power generation systems we can provide tools that will
help our customers better manage their energy consumption, lower their
energy costs, and tie them into local demand response or load curtailment
programs which will generate additional savings. These services and
technologies represent additional revenues, potential long term contracts
and strong margins for Titan Energy. There is tremendous opportunity for
Titan Energy in these areas.

"New Territories. We have tremendous opportunities in Florida, a state
that has a great need for distributed power systems. We estimate that the
Florida market offers three times the potential of our Midwest market. In
other words, we believe we should be able to reach $15 million to $20
million in sales in Florida and the Caribbean over the next few years. We
are also actively pursuing the acquisition of established and profitable
companies that will further broaden our sales territory, increase our
revenues and provide us with additional technologies and products that we
can offer our customers.

"Alternative Energy Solutions. We are actively looking at ways in which we
can use our expertise in distributed generation to work with alternative
energy technologies such as wind and solar. One of our states, Iowa, is
the largest provider of wind power in the U.S. New York and New Jersey,
where we hope to be operating in a few months, are two states with
innovative programs and opportunities to provide solar and other
alternative technologies. These areas offer tremendous opportunity for
Titan Energy.

"A Commitment to Profitability and Success. With this overall plan in
place, Titan Energy management feels confident that we will achieve our
primary goal no later than June of 2010 to be EBITDA and cash flow
positive. We have clearly demonstrated our ability to grow and manage our
Company even during challenging times. These new goals have been set so
that we can be measured in our efforts and commitment to meet these
objectives. We have a good, solid base of shareholders who have supported
the Company over the past two years. We feel that the best steps we can
make to bring value to their investment will be to achieve a positive and
sustainable cash flow while establishing the Company in these areas of
strong future growth. We believe we have the fundamentals to achieve these
objectives, a plan that will take Titan Energy into exciting and
profitable areas, and the commitment to succeed and reward all who have
invested in our enterprise."

About Titan Energy Worldwide, Inc.

Since 2006, Titan Energy Worldwide has been dedicated to helping companies
meet their power generation and energy management needs. To date we have
focused on providing thousands of customers with the most advanced power
generation equipment to enable their operations to continue uninterrupted
during times of power failures or disasters. We have also established a
professional service team that helps customers to maintain and manage
their power generations assets. From emergency and back-up power
technologies, to demand response programs and Smart Grid applications,
Titan Energy is setting a path for the future in energy management. For
more information, please visit the company's website at:
www.titanenergy.com.

Forward-Looking Statements

Investors are cautioned that certain statements contained in this document
as well as some statements in periodic press releases and some oral
statements of TEWI officials are "Forward-Looking Statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 (the
"Act"). Forward-looking statements include statements which are predictive
in nature, which depend upon or refer to future events or conditions,
which include words such as "believes," "anticipates," "intends," "plans,"
"expects," and similar expressions. In addition, any statements concerning
future financial performance (including future revenues, earnings or
growth rates), ongoing business strategies or prospects, and possible
future TEWI actions, which may be provided by management, are also
forward-looking statements as defined by the Act. Forward-looking
statements involve known and unknown risks, uncertainties, and other
factors which may cause the actual results, performance or achievements
of the Company to materially differ from any future results, performance,
or achievements expressed or implied by such forward-looking statements
and to vary significantly from reporting period to reporting period.
Although management believes that the assumptions made and expectations
reflected in the forward-looking statements are reasonable, there is no
assurance that the underlying assumptions will, in fact, prove to be
correct or that actual future results will not be different from the
expectations expressed in this report. These statements are not
guarantees of future performance and TEWI has no specific intention to
update these statements.

For more information about Titan Energy Worldwide please contact:

Jeffrey Flannery
Chief Executive Officer and Chairman of the Board
Titan Energy Worldwide, Inc.
952-217-0204
Email Contact

Copyright 2009, Market Wire, All rights reserved.

-0-