Titan Digital Corporation

Titan Digital Corporation

August 23, 2005 09:00 ET

Titan Termination of Negotiations in Regards to Potential Business Combination with ISEE Corporation Universal, Inc.

CALGARY, ALBERTA--(CCNMatthews - Aug. 23, 2005) - Titan Digital Corporation (TSX VENTURE:TDI) ("Titan") announces that the Memorandum of Understanding with ISEE Corporation Universal, Inc. ("ISEE") in respect of a potential business combination (previously announced on April 12, 2005), has expired and Titan will not pursue further negotiations at this time.


Titan is an international digital storage management company that develops and markets high performance archival storage management software, solutions and services. Titan was created to deliver innovative, simple, affordable and secure storage management solutions while ensuring accessibility to stored data throughout the information life cycle.

This release may contain certain forward-looking statements reflecting Titan Digital Corporation's current expectations in the technology business and sales and storage management software markets. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation, changes in market and competition, technological and competitive developments, and potential downturns in economic conditions generally.

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

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