About TEWI Titan Energy Worldwide, Inc.
TEWI Company Overview & Description
Since its founding, Titan Energy Worldwide has been dedicated to helping companies meet their power generation and energy management needs. To date we have focused on providing thousands of customers with the most advanced power generation equipment to enable their operations to continue uninterrupted during times of power failures or disasters. We have also established a professional service team that helps customers to maintain and manage their power generations assets. From emergency and backup power technologies, to demand response programs and Smart Grid applications, Titan Energy is setting a path for the future in energy management.
For more information, please visit the company's website at: http://www.titanenergy.com.
TEWI Key Company Management
JEFFREY FLANNERY
Chief Executive Director and Chairman of the Board
Mr. Flannery has been a director of the Company and its Chief Executive Officer from 2005 until 2007. He resumed the position of CEO in July of 2009. Previously from 1994 to 2004, Mr. Flannery was the founder and Chief Executive Officer of Enhanced Information Systems, Inc., an online home health care provider for the pharmacy industry, Vice President of Development for IUSA, an information technology company, and Vice President of Corporate Communications for Center For Special Immunology, a public company dedicated to medical treatments for immune disorders. Mr. Flannery received his B.A in Philosophy from the University of California, Los Angeles.
JAMES FAHRNER
Chief Financial Officer, Titan Energy Worldwide, Inc.
James Fahrner is a seasoned Financial Executive with 35 years of experience in the accounting, audit internal control, cash flow management, purchase accounting, budgeting and forecasting. Mr. Fahrner held positions of Chief Financial Officer, Treasurer, Controller, Financial Reporting Manager and Audit Manager for Tier One automotive and other high technology manufacturers. He also developed accounting policies and procedures to improve internal controls and meet the requirements of the Sarbanes-Oxley Act for a start-up subsidiary of a large public utility.
Mr. Fahrner holds a BS in Mathematics from Eastern Michigan University. He is a Certified Public Accountant, a member of the AICPA and MACPA organizations and is a former instructor of Financial Fundamental for Non-financial Executives of a large automotive company.
TEWI Contact Info
6130 Blue Circle Drive
Minnetonka, MN MN 55343
Website: http://www.titanenergy.com
TEWI Recent Developments
Titan Energy Worldwide Inc (TEWI) Key Developments
Titan Energy Worldwide, Inc. Announces National Uninterruptible Power Supply Sales and Service Program
Jul 16 12
Titan Energy Worldwide, Inc. announced that the company is expanding its service offerings to include sales and servicing of Uninterruptible Power Supply (UPS) systems and batteries. The UPS market, estimated at $7 billion in the U.S. and growing 12% annually (Pike Research), is driven by the growing need to protect computers, communications systems, data servers and other sensitive electronic devices from electrical grid instability and downtime. In addition, more IT infrastructure is moving into data centers which generally augment generator backup power with UPS and battery systems. The need for these services is out there. By being able to service UPS and battery systems, Titan has the opportunity to be a complete onsite power company to hundreds of companies across the nation.
Titan Energy Worldwide, Inc. Reports Sales Results for the Month of May 2012
Jul 9 12
Titan Energy Worldwide, Inc. reported sales results for the month of May 2012. For the month, the company reported sales of more than $2.1 million and its profit to date of nearly $100,000. Service sales continued to grow rapidly and closed near $600,000 for the month of May, an increase of 20% over the $501,000, the company generated in April, the previous company high.
Titan Energy Worldwide, Inc. Announces Revenue Results for the Month of April 2012; Provides Sales Guidance for May and June 2012
May 14 12
Titan Energy Worldwide, Inc. announced revenue results for the month of April 2012. The company has posted a profit for the month of April on record revenues of nearly $2 million. Last year, the company averaged a little less than $1.2 million in monthly sales. For April, equipment sales were more than $1.5 million and service sales were a record $500,000 for the month. The company expects these record sales numbers in April to be followed by equally strong results in May and June.
Titan Energy Worldwide, Inc. Announces Earnings Results for the Fourth Quarter and Full Year of 2011
Apr 30 12
Titan Energy Worldwide, Inc. announced earnings results for the fourth quarter and full year of 2011. For the year 2011, the company posted $14,065,980 in revenues, basically the same as 2010. Equipment sales were $9,056,035, down 10% from 2010, while 2011 service sales increased by 26% over 2010 to $5,009,945. The slight drop in equipment sales is partially attributable to a depressed economy, especially in the area of new construction. The increase in service revenues is attributable to strong growth in new service contracts in the Midwest, and a significant increase in the company's national accounts business which provides services to national retail customers throughout the United States. The company reported net operating losses of $3,435,009 for 2011, compared to $3,674,120 in 2010. The company was able to demonstrate a strong improvement in losses quarter by quarter in 2011. The company's adjusted EBITDA was negative $1,577,130 and negative $1,397,426 for the years ended December 31, 2011 and 2010, respectively. In the fourth quarter of 2011 the company’s adjusted EBITDA was negative $206,062, the lowest level since June 30, 2010.
SEC Filings
http://finance.yahoo.com/q/sec?s=TEWI+SEC+Filings
Headlines
http://finance.yahoo.com/q/h?s=TEWI+Headlines
TEWI Products & Services
A New Kind of Energy Company
Titan Energy Worldwide is dedicated to helping companies meet their power generation and energy management needs. To date we have focused on providing thousands of customers with the most advanced power generation equipment to enable their operations to continue uninterrupted during times of power failures or disasters. We have also established a professional service team that helps customers to maintain and manage their power generations assets. From emergency and back up power technologies, to demand response programs and Smart Grid applications, Titan Energy is setting a path for the future in energy management.
Titan Energy is already a key player in the Smart Grid or Intelligent Grid industry. We offer a range of products including distributed power generation equipment to help companies operate during times of power failure and emergencies. We also provide applications such as remote monitoring and demand response services to assist our customers in better managing their energy assets.
Your Next Generation Power Company
Loss of power to your business results in financial loss, inconvenience and worse. We provide cost-effective products to protect your critical equipment & save user downtime.
Solve all your Standby Power Needs
*Restore Power during Outages
*Power Coverage during Transient Surges
*Coverage during Harmonic Distortion
*Protection during single source Power Supply Interruption
Damaged equipment due to these interruptions cause 85% of critical user downtime! Often, the investment in a standby generator set is recouped at the first significant outage.
Protect Critical Equipment and Save User Downtime!
Learn about our new SMART POWER service for business owners looking to take control of their long term energy costs. http://titanenergy.com/smartpower/
TEWI Financial Reporting/Disclosure & Security Details
OTCQB®
The OTCQB market tier helps investors easily identify companies that are current in their reporting obligations with the SEC or report to a U.S. banking or insurance regulator. OTCQB securities are quoted on OTC Markets Group's quotation and trading system and some may also be quoted on FINRA's BB
TEWI follows under these guidelines on the OTCQB market tier.
Investigate more @ http://www.otcmarkets.com/stock/TEWI/quote for more due diligence.
TEWI Share Structure
Market Value1: $426,174 a/o Jul 18, 2012
Shares that are listed in the last 10Q link listed below:
As of May 27, 2012 the issuer had 43,487,138 shares of its common stock issued and outstanding.
Par Value: $.0001 par value
Authorized Shares: 1,800,000,000 shares authorized
Float listed on Yahoo Finance: Float: 26.41M
Shareholders
Shareholders of Record: 286 a/o Mar 31, 2010
Transfer Agent(s)
Transfer Online, Inc.
512 SE Salmon Street
Portland, OR, 97214
503-227-2950
http://www.transferonline.com
Financial Reporting/Disclosure
Reporting Status: SEC Filer
CIK: 0001080398
Fiscal Year End: 12/31
Company Notes
Formerly=Safe Travel Care, Inc. until 12-06
Formerly=Presidential Air Corp. until 5-03
Formerly=MLM World News Today, Inc. until 8-02
Formerly=Global-Link Enterprises, Inc. until 2-00
Profile Data
SIC - Industry Classification: 3612 - Transformers, except electric
Incorporated In: NV, USA
Year of Inc: 2005
Employees: 25
Security Notes
Capital Change=shs decreased by 1 for 100 split. Pay date=09/09/2002.
Capital Change=shs decreased by 1 for 200 split. Pay date=5-8-03
Capital Change=shs decreased by 1 for 50 split. Pay date=12-28-06
Capital Change=shs decreased by 1 for 15 split. Pay date=08/10/2007.
OTC Disclosure last 10Q reported May 29, 2012 period ending Mar 31, 2012
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8645910
Before You Invest - Investigate! Always do your own due diligence
A critical part of the due diligence: Please be aware, that upon completion of in-depth due diligence there is still a risk factor in all forms of investing.
Please note not all company websites are updated on a regular basis so you should use additional content sources to ensure accuracy.
Resources used in this post: otcmarket.com, www.bloomberg.com, www.finance.yahoo.com, TEWI website
TEWI Company Overview & Description
Since its founding, Titan Energy Worldwide has been dedicated to helping companies meet their power generation and energy management needs. To date we have focused on providing thousands of customers with the most advanced power generation equipment to enable their operations to continue uninterrupted during times of power failures or disasters. We have also established a professional service team that helps customers to maintain and manage their power generations assets. From emergency and backup power technologies, to demand response programs and Smart Grid applications, Titan Energy is setting a path for the future in energy management.
For more information, please visit the company's website at: http://www.titanenergy.com.
TEWI Key Company Management
JEFFREY FLANNERY
Chief Executive Director and Chairman of the Board
Mr. Flannery has been a director of the Company and its Chief Executive Officer from 2005 until 2007. He resumed the position of CEO in July of 2009. Previously from 1994 to 2004, Mr. Flannery was the founder and Chief Executive Officer of Enhanced Information Systems, Inc., an online home health care provider for the pharmacy industry, Vice President of Development for IUSA, an information technology company, and Vice President of Corporate Communications for Center For Special Immunology, a public company dedicated to medical treatments for immune disorders. Mr. Flannery received his B.A in Philosophy from the University of California, Los Angeles.
JAMES FAHRNER
Chief Financial Officer, Titan Energy Worldwide, Inc.
James Fahrner is a seasoned Financial Executive with 35 years of experience in the accounting, audit internal control, cash flow management, purchase accounting, budgeting and forecasting. Mr. Fahrner held positions of Chief Financial Officer, Treasurer, Controller, Financial Reporting Manager and Audit Manager for Tier One automotive and other high technology manufacturers. He also developed accounting policies and procedures to improve internal controls and meet the requirements of the Sarbanes-Oxley Act for a start-up subsidiary of a large public utility.
Mr. Fahrner holds a BS in Mathematics from Eastern Michigan University. He is a Certified Public Accountant, a member of the AICPA and MACPA organizations and is a former instructor of Financial Fundamental for Non-financial Executives of a large automotive company.
TEWI Contact Info
6130 Blue Circle Drive
Minnetonka, MN MN 55343
Website: http://www.titanenergy.com
TEWI Recent Developments
Titan Energy Worldwide Inc (TEWI) Key Developments
Titan Energy Worldwide, Inc. Announces National Uninterruptible Power Supply Sales and Service Program
Jul 16 12
Titan Energy Worldwide, Inc. announced that the company is expanding its service offerings to include sales and servicing of Uninterruptible Power Supply (UPS) systems and batteries. The UPS market, estimated at $7 billion in the U.S. and growing 12% annually (Pike Research), is driven by the growing need to protect computers, communications systems, data servers and other sensitive electronic devices from electrical grid instability and downtime. In addition, more IT infrastructure is moving into data centers which generally augment generator backup power with UPS and battery systems. The need for these services is out there. By being able to service UPS and battery systems, Titan has the opportunity to be a complete onsite power company to hundreds of companies across the nation.
Titan Energy Worldwide, Inc. Reports Sales Results for the Month of May 2012
Jul 9 12
Titan Energy Worldwide, Inc. reported sales results for the month of May 2012. For the month, the company reported sales of more than $2.1 million and its profit to date of nearly $100,000. Service sales continued to grow rapidly and closed near $600,000 for the month of May, an increase of 20% over the $501,000, the company generated in April, the previous company high.
Titan Energy Worldwide, Inc. Announces Revenue Results for the Month of April 2012; Provides Sales Guidance for May and June 2012
May 14 12
Titan Energy Worldwide, Inc. announced revenue results for the month of April 2012. The company has posted a profit for the month of April on record revenues of nearly $2 million. Last year, the company averaged a little less than $1.2 million in monthly sales. For April, equipment sales were more than $1.5 million and service sales were a record $500,000 for the month. The company expects these record sales numbers in April to be followed by equally strong results in May and June.
Titan Energy Worldwide, Inc. Announces Earnings Results for the Fourth Quarter and Full Year of 2011
Apr 30 12
Titan Energy Worldwide, Inc. announced earnings results for the fourth quarter and full year of 2011. For the year 2011, the company posted $14,065,980 in revenues, basically the same as 2010. Equipment sales were $9,056,035, down 10% from 2010, while 2011 service sales increased by 26% over 2010 to $5,009,945. The slight drop in equipment sales is partially attributable to a depressed economy, especially in the area of new construction. The increase in service revenues is attributable to strong growth in new service contracts in the Midwest, and a significant increase in the company's national accounts business which provides services to national retail customers throughout the United States. The company reported net operating losses of $3,435,009 for 2011, compared to $3,674,120 in 2010. The company was able to demonstrate a strong improvement in losses quarter by quarter in 2011. The company's adjusted EBITDA was negative $1,577,130 and negative $1,397,426 for the years ended December 31, 2011 and 2010, respectively. In the fourth quarter of 2011 the company’s adjusted EBITDA was negative $206,062, the lowest level since June 30, 2010.
SEC Filings
http://finance.yahoo.com/q/sec?s=TEWI+SEC+Filings
Headlines
http://finance.yahoo.com/q/h?s=TEWI+Headlines
TEWI Products & Services
A New Kind of Energy Company
Titan Energy Worldwide is dedicated to helping companies meet their power generation and energy management needs. To date we have focused on providing thousands of customers with the most advanced power generation equipment to enable their operations to continue uninterrupted during times of power failures or disasters. We have also established a professional service team that helps customers to maintain and manage their power generations assets. From emergency and back up power technologies, to demand response programs and Smart Grid applications, Titan Energy is setting a path for the future in energy management.
Titan Energy is already a key player in the Smart Grid or Intelligent Grid industry. We offer a range of products including distributed power generation equipment to help companies operate during times of power failure and emergencies. We also provide applications such as remote monitoring and demand response services to assist our customers in better managing their energy assets.
Your Next Generation Power Company
Loss of power to your business results in financial loss, inconvenience and worse. We provide cost-effective products to protect your critical equipment & save user downtime.
Solve all your Standby Power Needs
*Restore Power during Outages
*Power Coverage during Transient Surges
*Coverage during Harmonic Distortion
*Protection during single source Power Supply Interruption
Damaged equipment due to these interruptions cause 85% of critical user downtime! Often, the investment in a standby generator set is recouped at the first significant outage.
Protect Critical Equipment and Save User Downtime!
Learn about our new SMART POWER service for business owners looking to take control of their long term energy costs. http://titanenergy.com/smartpower/
TEWI Financial Reporting/Disclosure & Security Details
OTCQB®
The OTCQB market tier helps investors easily identify companies that are current in their reporting obligations with the SEC or report to a U.S. banking or insurance regulator. OTCQB securities are quoted on OTC Markets Group's quotation and trading system and some may also be quoted on FINRA's BB
TEWI follows under these guidelines on the OTCQB market tier.
Investigate more @ http://www.otcmarkets.com/stock/TEWI/quote for more due diligence.
TEWI Share Structure
Market Value1: $426,174 a/o Jul 18, 2012
Shares that are listed in the last 10Q link listed below:
As of May 27, 2012 the issuer had 43,487,138 shares of its common stock issued and outstanding.
Par Value: $.0001 par value
Authorized Shares: 1,800,000,000 shares authorized
Float listed on Yahoo Finance: Float: 26.41M
Shareholders
Shareholders of Record: 286 a/o Mar 31, 2010
Transfer Agent(s)
Transfer Online, Inc.
512 SE Salmon Street
Portland, OR, 97214
503-227-2950
http://www.transferonline.com
Financial Reporting/Disclosure
Reporting Status: SEC Filer
CIK: 0001080398
Fiscal Year End: 12/31
Company Notes
Formerly=Safe Travel Care, Inc. until 12-06
Formerly=Presidential Air Corp. until 5-03
Formerly=MLM World News Today, Inc. until 8-02
Formerly=Global-Link Enterprises, Inc. until 2-00
Profile Data
SIC - Industry Classification: 3612 - Transformers, except electric
Incorporated In: NV, USA
Year of Inc: 2005
Employees: 25
Security Notes
Capital Change=shs decreased by 1 for 100 split. Pay date=09/09/2002.
Capital Change=shs decreased by 1 for 200 split. Pay date=5-8-03
Capital Change=shs decreased by 1 for 50 split. Pay date=12-28-06
Capital Change=shs decreased by 1 for 15 split. Pay date=08/10/2007.
OTC Disclosure last 10Q reported May 29, 2012 period ending Mar 31, 2012
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8645910
Before You Invest - Investigate! Always do your own due diligence
A critical part of the due diligence: Please be aware, that upon completion of in-depth due diligence there is still a risk factor in all forms of investing.
Please note not all company websites are updated on a regular basis so you should use additional content sources to ensure accuracy.
Resources used in this post: otcmarket.com, www.bloomberg.com, www.finance.yahoo.com, TEWI website
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