Titanium Group Announces Launch of New Identification Solution Targeting High Growth Retail Sector
18 12월 2007 - 10:00PM
PR Newswire (US)
NEW PRODUCT APPLIES TITANIUM'S BIOMETRIC TECHNOLOGY AND RFID FOR
STOCK INVENTORY AND STORE FRONT SOLUTION SAN JOSE, Calif., Dec. 18
/PRNewswire-FirstCall/ -- Titanium Group, Ltd. (OTC:TTNUF)
(BULLETIN BOARD: TTNUF) , a leading biometric and security
solutions provider announced today the launch of a new product
tailor-made for the high growth retail sector in Hong Kong and
China. This new product's purpose is to provide the retail industry
a total solution for efficient and secure tracking of high-valued
inventories, from the warehouse to the storefront. The solution
applies RFID (Radio Frequency Identification) technology to
identify the proper location of each of the items and facial
recognition technology to ensure the proper identities of the
personnel involved in the administration of the supply chain.
Traditional stock control systems, such as barcode and tag label
systems are outdated and inadequate for today's market uses. RFID
solutions represent a step forward providing accurate and efficient
ways to keep track of the inventories. Nevertheless, most other
RFID solutions do not take any measures to safeguard the identity
of the operators, allowing the system to be vulnerable to theft.
Titanium's new solution pinpoints this issue and provides a
complete solution for the customers. In late 2003 the local economy
began to recover and the Hong Kong retail sector began a steady
growth rate. The growth in recent years has been even stronger. In
the first eight months of 2007, retail sales value grew 10.6%.
Among the retail sectors, luxury items realized one of the fastest
growths of 20.2% in the same period. About Titanium Group: Titanium
Group, Ltd. (http://www.titanium-tech.com/), and it's 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 Peoples 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. 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 Co., +1-303-671-0270, for Titanium Group, Ltd. Web site:
http://www.titanium-tech.com/
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