“We’re excited to release the financial info for a portion of the last quarter due to merger timing. So far, 2022’s first quarter is outpacing the first quarter of 2021 by a decent margin and we’re still seeing opportunities for continued organic growth due to tightness in the specialized trucking market. Merging the four companies and consolidating the data has taken some time to complete, and I’m happy that we’ve completed the task.” said
Fourth Quarter Fiscal 2021 Highlights (56 days of revenue due to merger timing)
$1,930,940 in total revenue fromFebruary 4, 2022 toMarch 31, 2022 $583,501 in gross profits$723,240 in Accounts Receivable$655,164 in Inventory as relates to gallons ofLiquefied Petroleum Gas on hand$1,824,839 in original price capital assets(before depreciation and book value)- Legal Fees and transfer agent fees were higher than normal due to the merger
Annual Report - Fiscal year ended
https://www.otcmarkets.com/otcapi/company/financial-report/338191/content
Q&A with CEO
Contact:
President/Chief Executive Officer
Titan
alex@titannrg.com
About
We're focused on vertical integration while expanding our operations to cover everything from the refinery to retail. This business model is a win for our customers, company, and shareholders. Additionally, this model can be replicated in other regions.
www.titannrg.com
www.twitter.com/TitanNRG
ir@titannrg.com
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's reports and filings at https://www.otcmarkets.com/stock/TTNN/profile. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should, and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with OTC Markets. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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