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TYTN Tytan Holdings Inc (PK)

0.0063
-0.0001 (-1.56%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Tytan Holdings Inc (PK) USOTC:TYTN OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0001 -1.56% 0.0063 0.006 0.0095 0.0063 0.0063 0.0063 50,000 21:03:35

Tytan Solves Engine Filter Replacement Problem

02/12/2011 1:30pm

Marketwired


Tytan (PK) (USOTC:TYTN)
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Tytan Holdings, Inc. ("the Company") (PINKSHEETS: TYTN), is pleased to announce the solution to a long standing problem: Finding the correct filters for your Chinese-made engines. There are approximately 400,000 engines in the US & Canada running everything from tractors to generators to marine equipment. And each one needs a minimum of four filters replaced every fifty hours of operation on average. To date, consumers and dealers were hard pressed to find the correct part and when they did it was at a very steep price.

All this changes today with the launch of Tytan's Engine Filter Program. This program, the first of more to come, came about from a one year market study which indicated there was a large niche to fill in this market. Tytan is perfectly suited to this task, since it has longstanding relationships with the manufacturers of such parts in China. The Company has negotiated successfully to be a direct importer of these goods. The program features a complete catalog of cross-referenced parts & engines that will be made available to consumers, dealers and large auto part chain stores. Like with any domestic engine, one will be able to look up exactly what filter is needed with information provided on each engine. Orders will be placed directly to Tytan either by phone or online at http://www.tytantractor.com/OrderMarch.pdf. Large retailers and dealers will keep their own stock on hand.

Tytan has gone one step further in simplifying the process of identifying, ordering and shipping the correct filters. It has arranged for the filters to be properly numbered, barcoded and repackaged into uniform, durable packaging suitable for display. As a bonus solution, the correct O-ring seal will be included in each box. Dealers and Merchants will receive a "crossover card" for customer use at the point of sale. "This whole program should make things much, much easier for people who want to maintain their engines," said Tytan CEO Mark Leonard. "We spent a full year researching this project. We understand the problem and we believe we have an excellent solution."

Another advantage of this program will be the contacts generated by consumers and dealers visiting the Tytan website. "We fully expect this program to 'open doors' for our new line of equipment and for the other new programs we have lined up," stated Leonard, adding "We will post new developments as they happen."

The first shipment of oil, air, water and hydraulic filters has already arrived at Tytan Headquarters. The program will now be launched with full scale marketing to begin immediately.

For pictures of the new filters and the Safe Harbor statement please visit our site at http://www.tytantractor.com/comparison.html

Company Contact: Tytan Holdings stockinquiry@tytantractor.com

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