December 21, 2009

Dear TEWI Shareholder  –

As this challenging year winds down, I wanted to reach out to you and offer an update on the events and advances of the past months as well as outline what we plan to accomplish at Titan Energy in 2010.

2009 was a tremendous year for Titan Energy. We achieved record sales, significantly expanded our operations, greatly improved our service offerings and moved closer to our goal of profitability. I want to thank all the members of the Titan Energy team – the managers, the sales personnel, service and support staff – for an incredible job. This was an effort that was shared among 47 individuals in nearly a dozen states. We all worked together and demonstrated that even in tough times, dedication, enthusiasm and commitment can produce great remarkable results.