Titan NRG, Inc. (OTC: TTNN) Announces Contract with AmeriGas

Rhea-AI Summary

Titan NRG (OTC: TTNN) has secured a contract with AmeriGas to process one million gallons at their Tucson rail terminal, with a completion timeline of six weeks. NRG Rail will also have the first right for transportation services during this period. CEO Alex Majalca Jr. expressed optimism about the operational potential of the terminal, including future onsite storage. Additionally, Titan NRG has returned to Pink Current status with OTC Markets and aims to pursue an uplisting to the OTCQB and eventually to a national exchange.

Positive

• Contract with AmeriGas for one million gallons throughput at Tucson terminal.
• NRG Rail to provide transportation services, enhancing revenue potential.
• Return to Pink Current status, improving visibility and credibility.

Negative

• None.

Tucson, Arizona, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Publicly traded Titan NRG, Inc. (OTC: TTNN) ("Titan NRG"), operating as a downstream energy and transportation holding company through its wholly-owned subsidiaries, announces a contract between AmeriGas, the world's largest propane company and NRG Rail, to throughput one million gallons through the Tucson rail terminal. In addition, NRG Dynamics will have the first right to provide transportation during the contract duration.  The time frame to complete the contract is expected to last around six weeks.

“This is a very exciting opportunity to have the gallons flowing through our terminal while also getting the trucking revenue. We built the terminal to add another service that aligns with our business model and we’re beginning to see the fruits of that labor.” said Alex Majalca Jr., Titan NRG’s President, and CEO. “I believe we'll see additional opportunities as we finish the terminal and have on-site physical storage.”

Titan NRG, Inc. also announces that we're back to Pink Current with OTCM.  “We’re happy to be back to Pink Current, and we’re looking forward to exploring paths to uplist our company to the OTCQB, and ultimately, to a national securities exchange.” said Alex Majalca Jr., Titan NRG’s President, and CEO.

Q&A with CEO Alex Majalca Jr. and Secretary/Treasurer Henry Varga can be seen here. https://youtu.be/twSagRWpNGQ

Contact:
Alex R. Majalca Jr.
President/Chief Executive Officer
Titan NRG, 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 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, Arizona with an approved and permitted 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.

www.titannrg.com
www.twitter.com/TitanNRG
ir@titannrg.com

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.

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.

FAQ

What is the significance of the contract between Titan NRG and AmeriGas?

The contract allows Titan NRG to process one million gallons at their Tucson rail terminal, which enhances their operational revenue.

How long is the contract with AmeriGas expected to last?

The contract is expected to be completed in around six weeks.

What does the return to Pink Current status mean for Titan NRG?

Returning to Pink Current status improves Titan NRG's visibility in the market and sets the stage for potential uplisting to OTCQB.

What is Titan NRG's plan for future operations?

Titan NRG aims to explore further opportunities and plans to add onsite physical storage to enhance its business model.