Tucson, Arizona, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Publicly traded Titan NRG, Inc. (OTC Pink: TTNN) ("Titan NRG") operating as a down-stream energy and transportation holding company through its subsidiaries, announced today that the reverse merger between AgriSolar Solutions, Inc., and APE Titan NRG, Inc., has closed with FINRA stating an effective date as of the markets opening on February 4th, 2022. The combined company will operate under the name Titan NRG, Inc., and its shares will be traded on the OTC Pink Market under the new ticker symbol TTNN. Full details of the transaction were not disclosed, however, a stock for stock merger took place whereby the holders of shares in Titan NRG Partners, LLC. received a combination of common but mostly preferred Titan NRG shares. The transaction is expected to allow the company to grow strategically in the downstream energy and transportation markets.
“We believe the closing of this merger signifies a transformative event that will provide Titan NRG with the opportunity to achieve its next level of corporate growth as we continue our organic growth model while exploring acquisition opportunities,” said Alex Majalca Jr. Titan NRG’s President and CEO. “We recently signed an LOI to acquire an equipment leasing company. If that transaction closes, that acquisition would boost our assets by approximately $5mm, while lowering our lease costs by over $55k a month. 2022 could shape up to be a good year, and it will be refreshing to be able to focus 110% towards moving Titan NRG forward now that the merger process has been completed”.
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.
Q&A with CEO Alex Majalca Jr. can be seen here. https://youtu.be/3X3dPJ9lqVM
Contact:
Alex R. Majalca Jr.
President/Chief Executive Officer
AgriSolar Solutions, Inc.
alex@titannrg.com
About Titan NRG Inc.:
Titan NRG is a holding company that operates as a downstream energy and transportation company through its subsidiaries. NRG Dynamics currently has 25+ transports operating in 9 states. APE Fuels offers retail and commercial propane serving southern AZ with 1500+ leased tanks and 2500+ customers. Vespene with wholesale purchasing and sales of LPG products. NRG Rail has a long-term lease on a new 18 car rail facility in Tucson with approved 1.2 mm gallons of propane/butane storage.
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
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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.
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