Titan Global Holdings Wins $2.5 Million Trial Judgment Against Clifton Prepaid Communications...

Titan Global Holdings Wins $2.5 Million Trial Judgment Against Clifton Prepaid Communications and its Affiliates

Aggressive Action in Response to Discoveries of Fraud at Company's
Oblio Telecom Unit
DALLAS--(Business Wire)--
Titan Global Holdings, Inc. ("Titan") (Pink Sheets: TTGL), a
diversified holding company, announced that Oblio Telecom, ("Oblio") a
unit of its Communications Division, last week won a $2.5 Million
judgment at trial in Dallas, Texas against Clifton Prepaid
Communications and its affiliates ("Clifton").

Aref Aref, a principal of Clifton, recently filed for personal
bankruptcy excluding him from this trial. Oblio intends to pursue
fraud claims against Mr. Aref in his bankruptcy case and will seek to
have Mr. Aref's debts to Oblio made non-dischargeable.

Oblio will take aggressive collection action against Clifton and
any parties that may have converted or concealed Clifton's assets.
Early in its litigation with Clifton, Oblio obtained an order freezing
cash in then known Clifton's bank accounts. With the trial judgment,
the Company expects these funds will be released and when they are,
they will be applied to Oblio's senior debt facility.

In February, 2008, Oblio announced it commenced fraud litigation
against a number of parties, including a former employee of Oblio and
several distributors of its most popular prepaid telephone calling
cards. The lawsuit alleges that the defendant employee and
distributors conspired with each other in violation of the Racketeer
Influenced and Corrupt Organizations (R.I.C.O.) Act. Oblio claims that
the defendant employee and distributors committed mail and wire fraud
and participated in illegal schemes and racketeering activities
designed to defraud Oblio out of millions of dollars of prepaid
telephone cards.

Simultaneous with the filing of the company's R.I.C.O. Act
lawsuit, Oblio Telecom, Inc. filed a separate lawsuit in the Federal
District Court for the Northern District of Texas against several
prepaid calling card retailers, distributors and their network
provider. This lawsuit seeks injunctive, monetary, and other
appropriate relief for trademark infringement, false designation of
origin, and unfair competition under the Lanham Act and related causes
of action under the common law of Texas.

In connection with these matters, Oblio has assembled an
experienced legal team led by the following:

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*T
Lead Corporate Litigation Counsel:

C. John Scheef III
2601 Network Blvd., Suite 102
Frisco, Texas 75034
214.472.2100 (main)
214.472.2150 (fax)
www.solidcounsel.com
Lead Fraud Counsel:

Stephen E. Kravit
Kravit, Hovel & Krawczyk s.c.
825 N. Jefferson, Milwaukee, WI 53202-3737
Tel: 414.271.7100
Fax: 414.271.8135
www.kravitlaw.com
*T

"Through the passage of time and our continued effort, we have
gained momentum in our litigation and we expect such efforts to
intensify this fall. We will not slow down in our efforts to hold
those responsible for the fraud and related losses at Oblio
accountable," said Kurt Jensen, President and CEO of Titan's
Communication Division.

Earlier this year Oblio made criminal referrals for investigation
of these matters.

About Titan Global Holdings

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

Titan's primary operating divisions include the following:

Titan's Communications Division addresses a range of high-growth
markets in international telecommunications, wireless and mobile
segments. These units are focused on prepaid international
telecommunication products.

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

Forward-Looking Statements

Safe Harbor Statement Under the Private Securities Litigation
Reform 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 TTGL 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 rates 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.

Titan Global Holdings, Inc.
Bryan Chance, 972-421-3051
bchance@titanglobalholdings.com

Copyright Business Wire 2008