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    TTNUF   VGG889151145

TITANIUM GROUP LIMITED

(TTNUF)
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Titanium Grp : Titanium Group Implements Biometric Sign-On Infrastructures for Hong Kong Immigration Department

03/04/2008 | 08:00am EDT

SAN JOSE, Calif., March 4 /PRNewswire-FirstCall/ -- Titanium Group, Ltd. (OTC Bulletin Board: TTNUF), a leading biometric and security solutions provider announced a contract was awarded in October 2006 to develop Biometric Sign-on Infrastructure (BSI) using Titanium's Face Recognition Software for the Hong Kong Immigration Department (ImmD). This biometric sign-on solution with audit trail uses human face authentication combined with traditional user ID and password authentication for securing ImmD's Electronic Passport System (e-Passport).

"We are glad to have this exciting opportunity to vastly implement our sophisticated face recognition technology in ImmD for the biometric sign-on infrastructure. Through this challenging implementation, both our hardware and software for face authentication are proven to enhance the security control and maximize the usability. It also strengthens our position and creditability in delivering the similar solutions in the region. This also reflects the continual emergence of biometric technologies in identity management to enhance the traditional means such as password and/or smart card, allowing us to extend our position of leadership within the facial recognition market," said Billy Tang, CEO of Titanium.

About Titanium Group:

Titanium Group, Ltd. (http://www.titanium-tech.com), and it's wholly owned subsidiary Titanium Technology, is a leading biometric and security solutions provider featuring its proprietary and patented automated Face Recognition Systems (AFRS). Titanium's AFRS products capture human face images electronically, input the facial images into searchable files (faceprint) and, in just seconds, accurately compare the facial images to a database containing millions of faces. These cutting-edge products reduce administration cost, enhance security, and significantly increase overall productivity. Titanium's products are distributed worldwide, either directly or through resellers or OEM partners, to governments, law enforcement agencies, gaming companies, and other organizations. The Company's clients include: IBM, Amway, People's Bank of China, and Governments of Mainland China, Hong Kong, and Turkey, etc.

Safe Harbor Provisions

Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Titanium Group, Ltd. (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.

Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix and the geographic mix of sales.

The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.

SOURCE Titanium Group, Ltd.


© PRNewswire 2008
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