Titanium Transportation Group Inc

BOLTON, Ontario, May 25, 2022 (GLOBE NEWSWIRE) — Titanium Transportation Group Inc. (“Titanium” or the “Company”) (TSX VENTURE: TTR), one of America’s leading transportation and logistics service providers du Nord, is pleased to announce that all of the nominees listed in the Corporation’s management information circular for the annual and special meeting of shareholders held on May 24, 2022 (the “Meeting”) have been elected to the board of directors. Each director will serve until the next annual meeting of shareholders or until his successors are elected or appointed or otherwise cease to be directors.

The detailed results of the vote for the election of directors held at the meeting are set out below:

Candidate

Votes in favor

%

Votes withheld

%

Ted Daniel

17,405,717

94.87%

941 636

5.13%

Lu Galasso

18,333,913

99.93%

13,440

0.07%

Bill Chyfetz

18,336,518

99.94%

10,835

0.06%

David Bradley

18,342,018

99.97%

5,335

0.03%

A total of 18,853,716 shares were represented at the Meeting, representing 42.31% of the issued and outstanding ordinary shares of the Company on the record date.

At the meeting, the shareholders also approved (i) the renewal of the mandate of MNP LLP as independent auditor of the Company for 2022; and (ii) an amendment to the Corporation’s Amended Rolling Stock Option Plan; and (iii) amendments to the Company’s stock purchase plan.

About Titanium

Titanium is a leading North American transportation company with asset-based trucking operations and logistics brokers serving Canada and the United States, with approximately 800 power units, 3,000 trailers and 1,100 employees and owners -independent operators. Titanium provides comprehensive, dedicated and cross-border trucking, logistics, warehousing and distribution services to over 1,000 customers. In the United States, Titanium has established operations in Charlotte, Atlanta, Chicago, Nashville, Denver. In February 2021, Titanium completed its largest acquisition since its founding, making Titanium the 12th largest transportation company in Canada. Titanium is a recognized buyer of asset-based trucking companies, having completed twelve (12) transactions since 2011. Titanium ranked among the top 500 companies in the inaugural Financial Times Americas’ Fastest Growing Companies of 2020. The company has been ranked by Canadian Business as one of Canada’s fastest growing companies for twelve (12) consecutive years. Titanium is currently listed on the Toronto Venture Exchange under the symbol “TTR”.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking statements are provided for the purpose of helping the reader understand Titanium’s current expectations and plans regarding the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may relate to Titanium’s future prospects and anticipated events, and may include statements regarding financial condition, business strategy, budgets, litigation, expected costs, capital expenditures, financial results, taxes and the plans and objectives of or involving Titanium. In particular, statements regarding future acquisitions, credit availability, performance, achievements, prospects or opportunities for Titanium or the industry in which it operates are forward-looking statements. In some instances, forward-looking information may be identified by terms such as “may”, “could”, “will”, “could”, “should”, “would”, “would”, “expect”. , “plan”, “anticipate”, “believe”, “intend”, “seek”, “aim”, “estimate”, “target”, “project”, “predict”, “plan”, “potential “, “continue”, “probable”, “program”, or their negative form or other similar expressions concerning matters that are not historical facts.

The information in forward-looking statements is based on certain important assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, as well as than other considerations that are believed to be appropriate in the circumstances. Although management considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect.

Forward-looking statements made in this press release are dated and relate only to events or information as of the date of this press release. Except as specifically required by law, Titanium undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unforeseen events.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION

Titanium Transportation Group Inc.
Ted Daniel, CPA, CA
Chief executive officer
(905) 266-3011
[email protected]
www.ttgi.com