Titanium Group Announces Contract for Security Solution in High-End Residentials
15 Avril 2008 - 3:00PM
PR Newswire (US)
COMPANY TO DEPLOY ITS BIOMETRIC SECURITY SOLUTIONS FOR TWO
RESIDENTIAL COMPLEXES IN PRESTIGIOUS LOCATION SAN JOSE, Calif.,
April 15 /PRNewswire-FirstCall/ -- Titanium Group, Ltd (OTC:TTNUF)
(BULLETIN BOARD: TTNUF) , a leading biometric and security
solutions provider announced today they have secured contracts to
deploy its security systems for several large residential
complexes, including "Strawberry Hill" on The Peak, one of the most
prestigious residential areas in Hong Kong. Both systems will
include a variety of state-of-the-art security components such as
biometrics access control, intelligent surveillance system, radio
frequency identification system etc. The estimated contract sum for
the two projects is around US$400K and is expected to complete by
Q3 of 2008. "Following the contract with Kwai Hung Realty Company
Ltd. in Oct, 2007 (http://www.ttnuf.com/news/news071024.htm) in
which we installed our facial recognition access control system in
the entrance of their deluxe apartment complex, we are delighted to
further expand in this market with two projects of even larger
scale. These two projects are both of extremely high-caliber which
would effectively demonstrate to our products' capability to the
public," said Dr. Johnny Ng, Chairman of Titanium Group. "Looking
ahead, we feel absolutely positive about Titanium's continual
growth in this sector. Hong Kong's high-end property market is
booming at a fantastic pace and our technologies evidently cater
perfectly to the market need. More projects are already in
discussion and we fully expect our project revenue in the
residential sector alone to surpass $1M in 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 Sasaki,
+1-303-671-0270, , for Titanium Group, Ltd Web site:
http://www.titanium-tech.com/
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