| **VENTURES-NATIONAL INCORPORATED       D/B/A TITAN GENERAL HOLDINGS, INC.**

 
**2 Industrial Way      Amesbury MA 01913**

                                                                                                                    June      29, 2004Scott J. GiordanoLoeb & Loeb LLP345 Park AvenueNew York, New York 10154Direct Dial:  (212) 407-4104Fax:  (212) 407-4990
                     RE:      Ventures-National Incorporated D/B/A Titan General Holdings, Inc**.**.      - Escrow Release Gross Escrow Deposit: $1,500,000
 Dear Mr. Giordano:
                     These      instructions are given to you pursuant to a Funds Escrow Agreement among Ventures-National      Incorporated D/B/A Titan General Holdings, Inc. (the      "Company"), Laurus Master Fund, Ltd., and Loeb      & Loeb LLP as Escrow Agent. Subject to the terms      set forth below, you are instructed to disburse or allocate $1,500,000 of      the investor's funds received by you to and on the Company's behalf as      follows:
       1.           $1,404,500      - the Company pursuant to the following wire instructions:
                     Bank:      Citizens Bank                           One      Citizens Drive                           Riverside,      RI 02915                           ABA#:      011500120                     For      Credit to: Titan PCB East, Inc. Account #:      3304008928

        2.          $54,000      - Laurus Capital Management, L.L.C. (management fees)
                    North      Fork Bank                          New      York, NY 10022                          ABA      Number: 021-407912                          For      Credit to: Laurus Capital Management, L.L.C.                          Account      Number: 2774045278       3.          $10,000      - Laurus Capital Management, L.L.C. (due diligence and legal fees:)
                    North      Fork Bank                          New      York, NY 10022                          ABA      Number: 021-407912                          For      Credit to: Laurus Capital Management, L.L.C.                          Account      Number: 2774045278

----------------------------------------------------------------------------------------------      4.           $30,000      - Sichenzia Ross Friedman Ference LLP
                    HSBC      Bank USA                          New      York, NY 10022                          AC      of Sichenzia Ross Friedman Ference LLP                          AC#      629034133                          ABA#      021001088

        5.          $1,500      - Loeb & Loeb LLP (escrow agent fee)      
                    Bank:      Citibank, N.A.                          ABA      No: 021000089                          Acct.      No.: 02674308                          Reference:      Laurus Escrow Arrangement                                                                     Very      truly yours,                                                                           VENTURES-NATIONAL      INCORPORATED                                                                           D/B/A      TITAN GENERAL HOLDINGS, INC.                                                                           By:        /s/ Daniel D.      Guimond                                                                               Name:      Daniel D. Guimond                                                                     Title:      Chief Financial Officer      Accepted and Agreed:      
Laurus Master Fund, Ltd.       /s/ David      Grin                Name: David Grin Title: Partner/Fund Manager |
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