Titanium Group Announces Projected Increase in Fourth Quarter Revenue
15 Janvier 2008 - 3:59PM
PR Newswire (US)
Projected Revenue Increases By 108% Over Third Quarter 2007 SAN
JOSE, Calif., Jan. 15 /PRNewswire-FirstCall/ -- Titanium Group, Ltd
(OTC:TTNUF) (BULLETIN BOARD: TTNUF) , a leading Biometric and
security solutions provider announced today that management account
results for the fourth quarter ended Dec 31, 2007 show the
quarter's revenue at approximately $900K, representing an
approximate 108% increase compared to revenue of $431K for the
third quarter of this year, and approximate 64% increase compared
to revenue of $549K for the fourth quarter of 2006. Actual
financial results will be available in the company's upcoming
financial report. "The projected increased in revenue demonstrates
the continual maturity of the market for biometric products and
solutions," said Dr. Johnny Ng, Chairman of Titanium Group. "We are
delighted about the revenue increased and are confident about
continual growth in the year of 2008." About Titanium Group:
Titanium Group, LTD (http://www.titanium-tech.com/), and its 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, Hong Kong Government and the Peoples Bank of
China, 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. DATASOURCE: Titanium Group, Ltd CONTACT: Randy J.
Sasaki of Trout Trading Company, Inc., +1-303-671-0270, for
Titanium Group, Ltd Web site: http://www.titanium-tech.com/
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