TYTN NEWS - Auditors Hired, Move to OTCBB
KALAMA, Wash., Jan. 20, 2010 (GLOBE NEWSWIRE) -- Tytan Holdings, Inc. (Pink Sheets:TYTN - News) today announced that it has appointed DeJoya Griffith & Company, LLC, Certified Public Accountants, as Independent Auditors to audit the company’s financial statements for 2008 and 2009. Since Tytan’s inception, it has taken pride in providing transparency to Investors and the company is now in a position where the next logical step is to move to the OTC Bulletin Board. The audit process has begun, and on January 5, 2010, the auditors came to Kalama, WA to do an on-site verification of the company’s inventory.
As previously reported, Tytan Holdings, Inc. has acquired Tytan International Inc., an importer and manufacturer of small to medium farm tractors and implements. Tytan International, Inc. is a well-established, 25 year old company. To see the impressive line of Tytan's products go to
www.tytantractor.com. Tytan's success has come from its long standing relationships in China and its ability to market high quality products at extremely competitive prices throughout the U.S. & Canada. Tytan has designed many of its own products, has patents pending, and actually owns its own tire molds, hood molds, and many other of its own manufacturing aids. Tytan International Inc. has Exclusive Distribution Contracts with the Tractor Companies that produce the Tytan Brand tractors.
CEO of Tytan International, Inc., Mark Leonard, has made his company successful with products such as the 4N1 front loader and the Kingchipper that meet niche needs for small farmers. Mark is a hands on user and has been able to keep ahead of others by being closely in touch with his customers' needs. With prototypes being made and products being produced in China, he has been able to keep prices low and profits high. In the next 24 months, Tytan has plans to introduce a steady stream of new items that will all be submitted for patents in the U.S.
Tytan's growth plan is centered around offering not only top quality products at impressive pricing, but also in providing greater service to the end users than the competition. That is why the company has set up and operated a "showcase dealership" for four years which it plans to duplicate throughout the I-5 corridor and then move eastward across the country. Tytan's ability to be a direct importer, niche designer and its own retailer all in one provides profit levels that are far ahead of anyone else in the industry. Additionally, Tytan will be adding independent dealerships in areas outside of the planned company store locations.
Watch for more news about exciting developments anticipated by Tytan International.
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The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for the Company's future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including: our dependence on key management and product development personnel, the timely supply and significant market acceptance of our products, the ability to maintain acceptable pricing levels on our products, our reliance on the factory or factories producing products for our dealerships, and our ability to raise capital if needed. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
