Titan Energy Worldwide Reports Full-Year 2007 Financial Results

MINNEAPOLIS--(Business Wire)--
Titan Energy Worldwide, Inc. (OTC BB: TEWI.OB), a leader in the
manufacturing, marketing and servicing of energy generation products
and services, announced financial results for the year ended December
31, 2007.

"2007 was a year of repositioning Titan Energy to take advantage
of the rapidly growing demand for back up, emergency and new energy
technologies throughout the United States. We ended the year with a
strengthened balance sheet and are now focused on accelerating growth
in our target markets," said John Tastad, Titan's Chief Executive
Officer.

"As we move forward in 2008, we plan to aggressively market the
Sentry 5000 through our new distribution agreement with Katolight, one
of the largest suppliers of generation equipment in the U.S. with more
than 100 distributors nationwide," added Tastad. "We will also work to
expand our distribution reach through acquisition or partnerships with
our manufacturers; increase sales and service revenues through
alternative energy offerings; and promote and enhance the Titan Energy
brand name and reputation.

"Our expertise in designing and servicing energy systems for
companies, municipalities, government/defense organizations combined
with our established distribution channels and high-quality service
capability position Titan Energy to meet the continued strong demand
for clean, efficient, energy solutions," concluded Tastad.

Full Year 2007 Results

For the full year ending December 31, 2007, revenue was $8.8
million, up from revenue of $7.0 million based on the proforma
year-end December 31, 2006. Cost of sales was $7.7 million, up 23%
over the prior year period due to higher sales volume. Total general
and administrative expenses were $3.3 million, up from $0.7 million in
2006. Loss from operations increased to $2.2 million from $0.6 million
in fiscal 2006.

The company reported a net loss available to common stockholders
of $16.3 million or $2.50 per share for the fiscal year 2007, as
compared to a loss of $0.8 million or $3.18 per share in the prior
year. Earnings per share calculations for the full year 2007 included
$3.5 million in preferred dividend from beneficial conversion feature
on Series D and $9.7 million in preferred dividend from early
extinguishment of Preferred Stock Series A, B & C.

"Extreme cold and wintry conditions in much of the Midwest
prevented the company from delivering generator systems in late 2007
and early 2008," said Tastad. "These orders are now backlogged to the
second and third quarters of 2008. At the same time, contractual
delays in executing the national distribution agreement with Katolight
pushed the first orders of Sentry 5000 units into 2008. Since
executing the agreement in February 2008, the company has booked
orders for seven Sentry 5000 units and we expect to receive several
additional orders in 2008."

As of December 31, 2007, the company had total assets of $5.6
million with cash and cash equivalents of $.07 million, working
capital of $.09 million and stockholders' equity of $3.1 million.

Due to adverse market conditions at the end of 2007, the company
extended its 2007 private placement offering of Preferred D stock
until January 31, 2008. At close, the company had raised approximately
$6.5 million from the Offering and another $1.8 million from the
conversion of notes. These transactions allowed the company to retire
approximately $4 million in debt and obtain working capital of
approximately $1.7 million.

About Titan Energy Worldwide, Inc.

Titan Energy is a leader in the manufacturing, marketing and
servicing of energy generation products and services, including
development and support for new energy-related technology. Founded in
2005, Titan combines engineering expertise, established sales and
distributorships, service operations and unique strategic partnerships
to meet the growing global demand for clean, efficient, energy
solutions. Titan serves disaster recovery first responders, relief
agencies, homeland security, the department of defense and
municipalities. For more information, 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.

Titan Energy Worldwide, Inc.
Julie Kane, 248-446-8557
jkane@titanenergy.com
or
Investor
Lippert/Heilshorn & Associates
Elric Martinez, 212-383-3777
emartinez@lhai.com

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