Titan Energy Worldwide Signs Agreement to Acquire Florida Power Generation Sales and Service Company

MINNEAPOLIS, MN--(Marketwire - August 18, 2008) - Titan Energy Worldwide, Inc. , a leader in the manufacturing, marketing and servicing of energy generation products and services, announced today that it has signed a definitive agreement to acquire CJ's Sales and Service of Ocala, Inc., an established representative for power generation equipment in central and northern Florida. CJ's Sales and Service, founded in 1971, provides power generation sales and service throughout Northern Florida. CJ's territory includes the markets of Tampa, Orlando, Jacksonville and Tallahassee, Florida. For the fiscal year 2007, the company generated $4.4 million in sales revenues. Among the company's many customers are Winn Dixie Supermarkets and Brighthouse Cable Company. The Company expects to close this acquisition in September of 2008. John... [read full story]