SAN JOSE, Calif., Dec. 14, 2006 (PRIME NEWSWIRE) -- Titanium Group, Ltd. (OTCBB:TTNUF), a leading biometric and security solutions provider, today announced that the company has signed a partnership agreement with VenusTech Technology Development Co., Ltd., a leading provider of security service and product in China.
Titanium Group's facial recognition products and security services will be promoted to VenusTech's sizable customer base, which includes over 50 Federal/Province Governments and Military Departments, over 80% of the major banks in China, and all of the largest Telecom service providers.
"VenusTech is arguably the leader in the PRC security service industry. Earlier in the year, among over 8,000 reviewed companies, they were selected by Forbes (China version) as the top 100 largest potential enterprises in China and the only one in its sector. We have no doubt that our partnership with them will bring immediate exposure of our products and services to a substantial number of premier clients," stated Dr. Johnny Ng, Chairman of Titanium Group Ltd.
Jason Ma, CEO of Titanium Group, stated, "This partnership arrangement is in perfect alignment with Titanium's strategy of focusing on technology development and designating the distribution to reputable partners who have extensive client networks. VenusTech, being headquartered in Beijing and having a nationwide distribution network with branches in over 15 other major cities, puts Titanium in an optimum position to propel our strategy."
About Titanium Group
Titanium Group, Ltd. (http://www.titanium-tech.com), and its wholly owned subsidiary Titanium Technology, is a leading biometric and security solutions provider featuring its proprietary and patented Automatic 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: ESPN, IBM and the People's Bank of China.
Safe Harbor
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. 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.