Tytan's Trip to China Goes Better Than Expected
November 14 2011 - 11:30AM
Marketwired
Tytan Holdings, Inc. ("the Company") (PINKSHEETS: TYTN), is pleased
to announce the return of its CEO, Mark Leonard, from yet another
successful business trip to China. This 14 day visit was by
invitation of the Chinese government and Tytan's supplier YTO, the
largest tractor manufacturer in China. During his stay, Leonard met
with several new manufacturers and attended a very large (for
Chinese farmers only) Agricultural Show which afforded the Company
many new introductions and many meetings with established
suppliers. The latest and best technology was on full display. Some
of which has opened new doors for Tytan.
YTO's Large Tractors (120-140 HP) with their new
state-of-the-art "wet" clutches and power shuttles were the biggest
draw in the show. A deal is being hammered out for Tytan to receive
samples of these models soon, which will then be circulated to
hand-picked dealers for their customers to field test. "These
machines are tops in quality with very attractive pricing," said
Leonard. Tytan's Australian Representative is in the process of
receiving his third shipment of new tractors. Offers to represent
Tytan in Great Britain, Africa and Poland are on the table and are
being vetted right now by Leonard.
Tytan will also be selling the YTO 60HP Crawler which also fits
the performance criteria laid out by the commercial farming
industry, but also has a price point that's attractive to small
acreage operations. Pictures of this machine and the newly arrived
130 HP tractor can be viewed at www.tytantractor.com
This trip was a direct result of the Chinese visit to Kalama in
September 2011. It was announced then that the purpose was to
"increase our mutually beneficial relationship." This process,
which has many facets, negotiations and plans is continuing on
schedule. "While I cannot comment on what we are working on," said
Leonard, "I can say that I have never been happier with the
relationship with this factory and others we also are talking to."
Leonard is planning one more China trip soon for some final
inspections of new products and to possibly bring some key dealers
with him.
In other news, the bankruptcy judge in the Mitch Bogden
defamation lawsuit (in which Tytan won a $250,000 judgment), has
lifted the "automatic stay." This moves the collection process one
big step closer to a satisfactory result.
Company Contact: Tytan Holdings, Inc. admin@tytantractor.com
Information about Tytan Holdings and the Safe Harbor statement is
available at www.tytantractor.com
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