KALAMA, WA, Jan 09, 2012 (MARKETWIRE via COMTEX) -
Post# of 2918
Posted On: 06/10/2012 10:29:27 PM
KALAMA, WA, Jan 09, 2012 (MARKETWIRE via COMTEX) -- Tytan Holdings, Inc. ("the Company,") (PINKSHEETS: TYTN) is pleased to announce that in late December 2011, the Company acquired Tytan Leasing, Inc. Tytan Leasing was purchased in order to offer attractive consumer loans for the purchase of Tytan tractors and implements.
Tytan Leasing will also make its programs available to Tytan Dealers. This purchase was made possible in part by the first release of funds from the Bogden bankruptcy case. Tytan Leasing, Inc. was created to fill a large gap in the lending market, namely, making loans available to the buyers of affordably priced tractors. Tytan feels now, it can offer both attractive pricing and super rates to its own customers and those of its dealers.
In other recent news, Tytan Holdings, Inc. announces that it has made application for a stock reversal. It was approved by a majority of share holders in the recent January 2012 meeting. The Company believes this move will ensure the stock remain in a more stable and safe position within the market. The consensus among the Company and its advisors is that this strategy will force an accounting of all legally held shares. The market cap of the Company will, of course, remain the same but the shares will be protected by virtue of a higher share price . This will provide a more stable base on which the company can grow as the programs it has and will be initiating begin to generate revenues and profits for the Company's bottom line. "I think this is the right move to keep the Company on solid ground," stated CEO Mark Leonard, "It will be especially beneficial as things get moving at a faster clip." More announcements regarding this development will be out shortly.
Tytan was recently in talks with tractor manufacturing leader YTO. These talks were postponed due to YTO having leadership changes take place. Discussion will be resuming where they left off soon. Tytan is also currently engaged in negotiations with two other major tractor companies for exclusive US/Canada product distribution.
All components of the Tytan Filter Program are now completed and in place. Presentations to major North American parts retailers will be starting immediately.
Tytan Holdings, Inc. is grateful for its loyal shareholder base and intends to release several notices regarding exciting new developments very soon.
For pictures of Tytan products and the Safe Harbor statement please visit our website at:
Tytan Leasing will also make its programs available to Tytan Dealers. This purchase was made possible in part by the first release of funds from the Bogden bankruptcy case. Tytan Leasing, Inc. was created to fill a large gap in the lending market, namely, making loans available to the buyers of affordably priced tractors. Tytan feels now, it can offer both attractive pricing and super rates to its own customers and those of its dealers.
In other recent news, Tytan Holdings, Inc. announces that it has made application for a stock reversal. It was approved by a majority of share holders in the recent January 2012 meeting. The Company believes this move will ensure the stock remain in a more stable and safe position within the market. The consensus among the Company and its advisors is that this strategy will force an accounting of all legally held shares. The market cap of the Company will, of course, remain the same but the shares will be protected by virtue of a higher share price . This will provide a more stable base on which the company can grow as the programs it has and will be initiating begin to generate revenues and profits for the Company's bottom line. "I think this is the right move to keep the Company on solid ground," stated CEO Mark Leonard, "It will be especially beneficial as things get moving at a faster clip." More announcements regarding this development will be out shortly.
Tytan was recently in talks with tractor manufacturing leader YTO. These talks were postponed due to YTO having leadership changes take place. Discussion will be resuming where they left off soon. Tytan is also currently engaged in negotiations with two other major tractor companies for exclusive US/Canada product distribution.
All components of the Tytan Filter Program are now completed and in place. Presentations to major North American parts retailers will be starting immediately.
Tytan Holdings, Inc. is grateful for its loyal shareholder base and intends to release several notices regarding exciting new developments very soon.
For pictures of Tytan products and the Safe Harbor statement please visit our website at:
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