CHINA'S SECOND-LARGEST PUBLICLY TRADED BROKERAGE TO UTILIZE TITANIUM'S
SAN JOSE, Calif., Oct. 16 /PRNewswire-FirstCall/ -- Titanium Group, Ltd (OTC Bulletin Board: TTNUF), a leading biometric and security solutions provider announced today that it has signed a contract with Haitong Securities Co. Ltd. ("Haitong") (SHA: 600837). Titanium will install its Biometrics Access Control System in Haitong's newly renovated office in Hong Kong. Haitong, listed in the Shanghai Stock Exchange, is one of the most reputable full-service securities companies in China.
"This is a very important installation for Titanium," stated Jason Ma, CEO of Titanium. This is the first facility Haitong has opened outside of China and is a major step towards the expansion of their Qualified Domestic Institutional Investors business ("QDII"), a new business development under which Domestic Institutional Investors authorized by the China government can invest in the overseas capital markets under the foreign exchange control system in China.
"The booming QDII market in Asia is expected to bring a substantial amount of business with heavy physical traffic to Haitong facility in Hong Kong. We are honored to be entrusted with the design and installation of their physical security system utilizing our Biometric Facial Recognition technology," said Dr. Johnny Ng, Chairman of Titanium. "Together with Penghua Fund Management Co. Ltd., we have now installed our technology in two of the highest profile financial institutions in Mainland China, with this we are in an excellent position to continue our marketing effort in this industry."
About Haitong Securities:
Haitong Securities Co. Ltd., China's second-largest publicly traded brokerage, has a network of 124 branches and 57 sub-branches covering all major areas in China. The business covers proprietary trading, brokerage, investment management, investment banking, fixed income and research. Haitong now manages over US$2 billion for its clients and is the only domestic securities firm assigned "M2(China)" by Fitch ratings since 2005. For additional information, please visit http://www.htsec.com.
About Titanium Group:
Titanium Group, LTD (http://www.titanium-tech.com), and it's 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 clients include: IBM, Hong Kong Government and the Peoples Bank of China, etc.
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.
|SOURCE Titanium Group, Ltd|
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