SAN JOSE, Calif., Dec. 11, 2006 (PRIME NEWSWIRE) -- Titanium Group, Ltd. (OTCBB:TTNUF), a leading biometric and security solutions provider, today announced that they have licensed Vizyotek Teknoloji (www.vizyotek.com) as one of their distributors in Turkey. Vizyotek Teknoloji, based in Ankara, the capitol city of Turkey, is an information technology company specializing in biometric solutions and security control technologies since 1999.
Vizyotek Teknoloji has a vast amount of experience and a sizable sales network in the banking, transportation, passport, and public administration sectors, among others. Having extensive experience in the biometric industry, they have decided to choose Titanium's facial recognition product as their flagship product, based on the outstanding performance of Titanium's Ti-Face technology.
"This is solid evidence that our technologies boast superior performance, as we reach for global distribution. According to Vizyotek Teknoloji, our equipment is the exclusive technology that performs satisfactorily for their requirements," stated Dr. Johnny Ng, Chairman of Titanium.
"Setting foot into the European market is a significant milestone for our company," added Jason Ma, CEO of Titanium Group. "We have licensed Vizyotek Teknoloji as our distributor in Turkey after careful consideration and evaluation. After their successful installation of a turnstile-based access control system in the General Directorate of Foundations building, (which can be viewed at: http://download.titanium-tech.com/public/client2/Vakiflar.wmv) we have no doubt that they will prove to be an advantageous partner in the region. Additionally, this also signifies that our products are in full compliance with the European Union standard, which will go a long way in our continual expansion in other parts of Europe."
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: ESPN, IBM and the People's Bank of China.
Safe Harbor Act: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.