Titan Logix Corp.
TSX VENTURE : TLA

Titan Logix Corp.

January 11, 2011 17:56 ET

Titan Logix Corp. Announces New Director

EDMONTON, ALBERTA--(Marketwire - Jan. 11, 2011) - Titan Logix Corp., (TSX VENTURE:TLA) ("Titan" or the "Company"), an advanced technology industrial instrumentation and controls company, announces that at its Annual General Meeting (the "Meeting") of shareholders held on January 7, 2011, the number of directors was set at four and the following directors were re-elected:

Bob (R.W.) Logan – Chairman

Les Evans

Dave Kastelic

At the Meeting, shareholders also elected Matthew Marquardt as a new director of the Company. Mr. Marquardt is currently a partner, lawyer and US patent attorney with Ogilvy Renault LLP in Toronto. His career includes more than fifteen years of practicing law during which time he has written more than 200 patent applications in the computer, financial services, aerospace, telecommunications, transportation, optical, and scientific instrumentation fields. Mr. Marquardt is qualified to practice law in both Canada and the United States. Prior to practicing law, Mr. Marquardt served as a senior/specialist engineer for the Boeing Company in Seattle, Washington.

"We welcome Matt and the expertise and new dynamic he brings to Titan's Board," said Les Evans, CEO of the Company. "His strong background in the patent and intellectual property landscape along with his experience in a variety of technologies will add value to Titan's corporate growth and shareholder satisfaction."

Mr. Marquardt was awarded 100,000 incentive stock options exercisable at $0.12 per share to January 7, 2016. The Board of Directors also approved additional incentive stock options for the directors and officers of an aggregate of 320,000 shares which are also exercisable over the five year period ending January 7, 2016 at a price of $0.12 per share. All options were granted in accordance with the Company's stock option plan as approved by the shareholders on January 17, 2003.

About Titan Logix Corp.:

Founded in 1979, Titan has evolved into an advanced technology industrial instrumentation and controls company. We design, manufacture, distribute and service instrumentation, control and automation solutions. These technologies are used primarily in the oil and gas, transportation and aviation industries, which for many years have relied on manual intervention. However, due to rising costs, concerns and awareness about the environment, (including the importance of spill prevention) and technological advancements - to list but a few reasons – we expect an increased demand for our products. The products we specialize in comprise an essential part of a complete asset management solution in the following categories:

  • Transport Instruments: guided wave radar liquid gauging and control systems for mobile tankers;
  • Level and Flow Instruments: mechanical and electronic liquid level gauging systems for storage tanks and industrial process vessels;
  • Burner Controls: electronic burner management systems for atmospheric industrial heaters; and
  • Telemetry and Control Products: communication and control systems enabling remote telemetry and management of site processes.

Titan is a public company listed on the TSX Venture Stock Exchange and its shares trade under the symbol "TLA".

This news release contains certain statements with information that may be forward-looking and subject to unknown risks and uncertainties. The actual results, performance and achievements of Titan Logix Corp. may differ materially from the results, performance and achievements expressed or implied by such forward-looking statements. These forward-looking statements may not relate strictly to historical or current facts. They represent management's views as of the date of this press release and we assume no obligation to update them. We caution you not to place undue reliance on these forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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