Tytan Holdings, Inc. Forms Wholly-Owned Financing Subsidiary
January 09 2012 - 8:00AM
Marketwired
Tytan Holdings, Inc. ("the Company") (PINKSHEETS: TYTN) is pleased
to announce that in late December 2011, the Company acquired Tytan
Leasing, Inc. Tytan Leasing was purchased in order to offer
attractive consumer loans for the purchase of Tytan tractors and
implements.
Tytan Leasing will also make its programs available to Tytan
Dealers. This purchase was made possible in part by the first
release of funds from the Bogden bankruptcy case. Tytan Leasing,
Inc. was created to fill a large gap in the lending market, namely,
making loans available to the buyers of affordably priced tractors.
Tytan feels now, it can offer both attractive pricing and super
rates to its own customers and those of its dealers.
In other recent news, Tytan Holdings, Inc. announces that it has
made application for a stock reversal. It was approved by a
majority of share holders in the recent January 2012 meeting. The
Company believes this move will ensure the stock remain in a more
stable and safe position within the market. The consensus among the
Company and its advisors is that this strategy will force an
accounting of all legally held shares. The market cap of the
Company will, of course, remain the same but the shares will be
protected by virtue of a higher share price. This will provide a
more stable base on which the company can grow as the programs it
has and will be initiating begin to generate revenues and profits
for the Company's bottom line. "I think this is the right move to
keep the Company on solid ground," stated CEO Mark Leonard, "It
will be especially beneficial as things get moving at a faster
clip." More announcements regarding this development will be out
shortly.
Tytan was recently in talks with tractor manufacturing leader
YTO. These talks were postponed due to YTO having leadership
changes take place. Discussion will be resuming where they left off
soon. Tytan is also currently engaged in negotiations with two
other major tractor companies for exclusive US/Canada product
distribution.
All components of the Tytan Filter Program are now completed and
in place. Presentations to major North American parts retailers
will be starting immediately.
Tytan Holdings, Inc. is grateful for its loyal shareholder base
and intends to release several notices regarding exciting new
developments very soon.
For pictures of Tytan products and the Safe Harbor statement
please visit our website at: http://www.tytantractor.com
Company Contact: stockinquiry@tytantractor.com
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