SAN JOSE, Calif., Oct. 26, 2006 (PRIMEZONE) -- Titanium Group, Ltd. (OTCBB:TTNUF), a leading biometric and security solutions provider, today announced it was named one of six finalists for the prestigious Global Entrepolis at Singapore Award presented by The Wall Street Journal Asia in association with the Economic Development Board of Singapore. Titanium, one of six finalists out of a record-breaking 224 entries throughout Asia, was chosen based on their innovative technology as well as their business performance and potential to become a global market leader. The winner will be announced later this month.
"The notoriety we continue to gain for our company through industry awards and nominations such as this one is a testament to our products revolutionizing the way businesses look at their security solutions," said Jason Ma, CEO of Titanium Group, Ltd. "We are continuing to gain traction in this industry and have already secured a number of contracts with major financial institutions and Fortune 500 companies. We are certainly focused on becoming the global leader in the security market."
The Wednesday, October 25, 2006 edition of The Wall Street Journal-Asia announced the six finalists which included Titanium Group. The same article also said Titanium Group is tackling a problem on China's southern border with Hong Kong -- handling larger numbers of transactions where the identify of the individual needs to be established. According to the article appearing yesterday in The Wall Street Journal-Asia, "Lo Wu Immigration Control Point, which handles the vast bulk of crossings between mainland China and Hong Kong, has for the past year, been testing a system from Hong-Kong-based Titanium Group that uses facial recognition to handle over 350,000 registered users. The user inserts a smartcard, places a thumb on a scanner and looks at a camera while the system scans the face and fingerprint and compares them with a database. The success rate is more than 96 percent and the average time taken to process an individual is about eight seconds."
For more information on the Global Entrepolis@Singapore Award please go to: http://www.globalentrepolis.com/en/home/.
About Titanium Group:
Titanium Group, Ltd., through 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 (face print) and, in just seconds, accurately compare the facial images to a database containing millions of faces. The Company's clients include ESPN, IBM and the People's Bank of China. For more information please visit (http://www.titanium-tech.com)
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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. 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. 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.