Titan NRG, Inc. (TTNN) Enters 2nd Omnibus Motion for Default

Tucson, Arizona, May 05, 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 wholly-owned subsidiaries, announces that the second omnibus motion for default judgment against legacy restricted shareholders has been entered with the 2nd Judicial District Court, Denver County, State of Colorado.  Approximately 12.75 million shares are set to be canceled.

“This process has taken some time to complete, and I’m happy that we’re coming close to an end here.” stated Alex Majalca Jr., Titan NRG’s President, and CEO. “A lot of time and work has gone into cleaning up our share structure from previous management, and I am hopeful for a victory from the 2nd Judicial District Court.”

The acquisition of the equipment leasing company is moving forward.  Their management does not want to close until 2023.  We’re currently exploring options to close sooner or capture some of the lease savings in the interim. “We’ve been working closely with management to balance the needs and wants of both parties.  I’m confident that we will find common ground that benefits both companies.” said Alex Majalca Jr. of Titan NRG.

Q&A with CEO Alex Majalca Jr. can be seen here.

Contact:

Alex R. Majalca Jr.

President/Chief Executive Officer

Titan NRG, Inc.

About Titan NRG Inc.: Titan NRG is a holding company that operates as a downstream energy and transportation company through its wholly-owned 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 1.2mm 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.

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