SOURCE: Titanium Group, Ltd.

March 26, 2007 08:30 ET

Titanium Group Announces Contract With Hong Kong Government Worth Approximately $1M

Company Beats Out a Number of Innovative Tech Giants to Be Named Exclusive Facial Authentication Solution Provider

SAN JOSE, CA -- (MARKET WIRE) -- March 26, 2007 -- Titanium Group, Ltd. (OTCBB: TTNUF), a leading biometric and security solutions provider, today announced that it has been selected as the exclusive facial authentication solution provider for the Hong Kong Housing Authority in the "HD e-Face" project. Titanium will design and implement a biometric authentication system for time attendance called the "HD e-Face" to assure accurate and speedy recording for all access points consisting of approximately 250 sites involving the Hong Kong Housing Authority. The Company is partnering with ELM computer technologies Limited, the Hong Kong system integration arm of Computer Science Corporation, to deploy this top-notch system that is considered to be one of the largest in scale throughout Hong Kong. It is estimated that the initial phase of the contract could bring in revenue of approximately US$1 million to the Group.

The Hong Kong Housing Authority is a statutory body whose day-to-day operations are carried out through its executive arm, the Housing Department (HD). HD provides estate management services to about 200 existing sites and 50 estimated new sites till 2010, including public rental housing estates, courts, commercial properties and factory estates, with a total of approximately 8,000 security guards and 5,300 cleaning people.

Titanium's face recognition system will be set up in the security control rooms and all access points of the 250 estate offices for recording workers' attendance. Each individual entering the premises will have their facial verification against the pre-registered database. The above-mentioned process will ensure the true identity of the attendance record, effectively thwarting "buddy-punching" (The act of one person punching an attendance card for another).

"We are honored to gain this precious opportunity for momentous exposure among the Government Departments in Hong Kong due to the extensive implementation of HD e-Face using our state-of-the-art facial recognition technology. We are committed to delivering and facilitating our solutions efficiently with a successful deployment in this endeavor for the highest level of client satisfaction. This challenging and technical project not only proves us to be one of the most cost-effective and outstanding biometric security solution providers in the world today but also boosts the prestige of Titanium Group in this increasingly demanding market," said Dr. Johnny Ng, Chairman of Titanium.

About Hong Kong Housing Authority: The Housing Authority (, a statutory body established under the Housing Ordinance (Cap. 283), is responsible for determining and implementing long term housing strategy of the government and public housing programmes. The Housing Department comprises five divisions: the Permanent Secretary Office, Corporate Services Division, Strategy Division, Development and Construction Division and Estate Management Division, which is headed by the Permanent Secretary for Housing, Planning and Lands (Housing) to underpin SHPL and to provide executive support to the Housing Authority.

About Titanium Group, Ltd: Titanium Group, Ltd. (, 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.

About ELM Computer Technologies: ELM Computer Technologies Limited, founded in 1990, is a leading eBusiness solutions provider in Hong Kong. Leveraging its proven track record in systems integration and expertise on eBusiness technologies, ELM has developed into a technology leader in the eBusiness arena. With its experienced professionals and knowledge in advanced technologies, ELM is well positioned to be the premium eBusiness solutions provider in Hong Kong. ELM is now a wholly owned subsidiary of Automated Systems Holdings Limited (the ASL Group), a listed company on the Stock Exchange of Hong Kong Limited with operations in Hong Kong, Macau, Thailand, Taiwan and South China. The ASL Group is a major subsidiary of CSA Holdings Ltd. in Singapore, which is a wholly owned subsidiary of Computer Sciences Corporation (CSC). CSC is a US-based leading global information technology services company with over 800 locations worldwide.

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.

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