POMPANO BEACH, Fla., Aug. 30, 2004 (PRIMEZONE) -- Frank Crivello, Managing Member, Crivello Group, LLC ("CG") announced that its principals funded a convertible debt offering of Ventures National, Inc., dba Titan General Holdings, Inc. ("Titan").
Titan is a unique manufacturing service provider in the printed circuit board (PCB) market segment providing technical assistance and production of time-sensitive, high-tech, proto-type printed circuit boards. Titan positioned itself to become a leading PCB service company in the fastest-growing segment of time-sensitive manufacturing in the $130 billion global electronics manufacturing services market. Through vertical integration and aligning its manufacturing process with that of its customers, Titan expects to expand its services, while continuing to acquire assets and customers of other firms in the PCB sector. Titan's Company information can be found at www.titanems.com and its symbol is OTC:TTGH.
CG Managing Member Frank P. Crivello stated: "We were pleased to participate in this offering. We believe in Ken Shirley, Titan and his management team. We have provided financing and will provide additional strategic consulting services to Titan."
CG issued earlier press releases related to Titan, which can be found at www.crivello.com/press/080902.html and www.crivello.com/press/033103.html.
About Crivello Group, LLC www.crivello.com
CG is a strategic advisor and partner to distressed and emerging companies. CG's solutions for distressed or emerging companies include:
-- Stabilization -- Capital & Debt Alternatives -- Staff, Boards, and Professionals -- Divestiture & Dissolution -- Plan of Restructuring or Reorganization
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to, assumptions relating to the technology market and that there will be no unanticipated material adverse change in CG's operations or business.