SAN JOSE, Calif., Nov. 28, 2006 (PRIME NEWSWIRE) -- Titanium Group, Ltd. (OTCBB:TTNUF), a leading biometric and security solutions provider, today announced it has been named to the Deloitte Technology Fast 50 in China placing 28th out of 50 with growth of 234 percent over a three-year period. This prestigious annual award honors the fastest growing Chinese technology companies, based on percentage of revenue growth over a three-year period. This annual competition is a Deloitte initiative at a regional and global level, which aims to draw attention to fast-growing companies and bring attention to companies who are just establishing themselves. Winners of the Technology Fast 50 China are eligible for the Deloitte Technology Fast 500 Asia Pacific, which ranks the fastest growing technology companies in Australia, China, Japan, South Korea, Singapore and other countries in the region.
"The Deloitte Technology Fast 50 recognizes Titanium's innovative products and tremendous growth since our inception along with our ability to sustain growth," said Jason Ma, CEO of Titanium Group, Ltd. "This prestigious award program and coveted ranking puts Titanium and our breakthrough biometric technology in the spotlight giving us further credibility and places us at the forefront of technological innovation in the dynamic multi-billion-dollar biometric sector."
Established in San Jose, California, in 1995, the Deloitte Technology Fast 50 ranks the 50 fastest growing technology companies, by geographic region. The program operates independently in 17 locations outside of the United States, plus one region: Central Europe. Within the U.S., there are 27 distinct Technology Fast 50 geographic areas.
About Titanium Group:
Titanium Group, Ltd. (http://www.titanium-tech.com), 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. 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 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. 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 release 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.