SOURCE: Titanium Group, Ltd

April 23, 2007 08:30 ET

Titanium Group Ltd Secures $1.45 Million in Financing to Accelerate Market Expansion

SAN JOSE, CA -- (MARKET WIRE) -- April 23, 2007 -- Titanium Group, Ltd (OTCBB: TTNUF), a leading biometric and security solutions provider, today announced that it completed a $1.45 million financing, which will enable the company to increase its current growth rate and accelerate the distribution of its cutting-edge Biometric Facial Recognition Technology. First Montauk Securities Corp., an NASD member firm, acted as the selling agent. For complete details regarding the terms of the financing, please view Titanium's 8-K filing, filed April 4, 2007.

This is the first significant financing Titanium has received since the commercialization of its patented Biometric Facial Recognition Technology. This funding will be used to expand Titanium's sales operations and accelerate the company's global market presence, in addition to enabling the company to secure and deliver large contracts over the next 18 months.

In 2006, Titanium was named to the Deloitte "Technology Fast 50 in China," placing 28th out of 50 and the Deloitte "Technology Fast 500 in Asia Pacific," placing 182nd out of 500 with growth of 234% over a three-year period. Management anticipates that the company will continue to maintain substantial growth with this new investment capital. As a result, over the next 12 months, the company expects to additionally announce several new business developments. The Biometrics sector is poised for sustained growth through 2020 approaching annual revenues in excess of $10 billion dollars. With its proven technology Titanium expects to be key player in this market and parallel that growth.

"We believe that Titanium has all of the right pieces in place. Our unique and powerful technology has proven to be economical and practical in existing applications in commercial, government, medical, and homeland security sectors. We have a very qualified management team and now have Financial Partners in place who will financially support our developments as we continue to grow," stated Dr. Johnny Ng, Chairman. He continued "We are extremely pleased with the premium international and domestic Investment Funds which have participated in Titanium's financing. We're helping the company reach new levels by supplying the growth capital needed to support and expand its presence, and complete the fulfillment of existing backorders."

The securities issued and issuable in the offering have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any such state.

About Titanium Group: 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 (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 partners and clients include Microsoft, IBM, People's Bank of China, Amway Corporation, ESPN, and Barr Securities.

Safe Harbor

This release includes forward-looking statements. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

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