Titan Logix Corp.
TSX VENTURE : TLA

Titan Logix Corp.

April 15, 2008 17:24 ET

Titan Logix Corp. Reports Second Quarter 2008 Financial Results

EDMONTON, ALBERTA--(Marketwire - April 15, 2008) - Titan Logix Corp., (TSX VENTURE:TLA) has released its unaudited financial results for the second quarter of fiscal 2008 which ended February 29, 2008.

Sales in the second quarter ended February 29, 2008 were $1,606,991 compared to $2,059,470 in the second quarter of the previous year, a decrease of 22%. Titan's sales for the first six months of fiscal 2008 were down 15% to $3,674,923 from sales of $4,348,707 in the first six months of fiscal 2007. Gross margin for the first two quarters of fiscal 2008 was $1,303,444 (36%) compared to $1,819,073 (42%) for the first two quarters of the previous year. Losses before and after income taxes for the six month period ended February 29, 2008 amounted to $194,663 while earnings for the first six months of the previous year were $544,429.

At February 29, 2008, working capital was $4,273,900 and cash and cash equivalents were $1,544,892. At fiscal year end on August 31, 2007, working capital was $4,640,748 and cash and cash equivalents were $1,682,841. Titan does not have any long term debt.

"We are taking steps to improve our revenues and earnings", said Les Evans, President and Chief Executive Officer of Titan Logix Corp. "The oil and gas industry is already seeing a turnaround and we expect sales in our traditional oil and gas industry-dependent markets to rebound. We are confident that our focus on expansion into additional niche markets in the mobile tanker industry will further improve our sales picture and our bottom line. In addition, Titan has restructured its sales and marketing organization."

Titan Logix Corp.'s second quarter unaudited financial statements, management discussion and analysis and its 2007 annual report are available on SEDAR at www.sedar.com and on the company's website at www.titanlogix.com.

About Titan Logix Corp.:

Titan Logix Corp. is an advanced technology industrial instrumentation and controls company. It focuses on the designing, manufacturing, distributing and servicing instrumentation and automation technologies. These are primarily for the oil and gas, chemical and transportation industries.

Detailed information on Titan Logix Corp. is available on the company's website www.titanlogix.com.

Certain information contained in this news release is forward-looking and is subject to unknown risks and uncertainties. The actual results, performance or achievements of Titan Logix Corp. may differ materially from the results, performance or achievements of the Titan Logix Corp. expressed or implied by such forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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