EDMONTON, Alberta, January 27, 2006 - Titan Logix Corp., (TSX Venture: TLA) an emerging technology company focused on the design, manufacturing, sales and support of multiple product lines for the oil and gas industry, is pleased to announce the unaudited financial results for the first quarter ended November 30, 2005.

In its first quarter ended November 30, 2005 Titan reported net earnings of $147,092 compared to net earnings of $6,540 for the first quarter in the prior year. Sales revenues for the three-month period were $1,663,049 in comparison with $1,234,050 for the same period in fiscal 2005. The increase in revenue and profits is primarily attributable to the Company’s increase in sales of its flagship products.

Titan’s reported expenses for the first quarter totaled $508,234, a decrease of $27,244 in comparison to the same period last year. Working capital at November 30, 2005 amounted to $1,832,205, an increase of $130,728 from the August 31, 2005 year-end balance of $1,701,477. Titan’s management is committed to maintaining and growing the Company’s profitability through expanded market penetration and focusing on new market development. Titan’s first quarter unaudited financial results, as well as its management discussion and analysis, and 2005 annual report are available on SEDAR at www.sedar.com.

About Titan Logix Corp.

The Company is an emerging technology company and operates as Titan Logix Corp. Titan Logix Corp. has an established operating infrastructure with well-recognized products. The technology-based operations include multiple product and service lines. Titan Logix Corp. designs, manufactures, sells, and supports its products, which include the following:

  • Mechanical and electronic liquid level gauging systems for storage tanks and process vessels
  • Electronic burner control systems for atmospheric heaters
  • Guided wave radar liquid gauging and control for mobile tankers
  • Mud level monitoring for oil and gas drilling well control
  • Communication and control systems enabling remote telemetry of site processes

For further information, please contact:

Les J. Evans, President & Chief Executive Officer
ph: 780 462-4085 (Edmonton)
email: invest@titanlogix.com
Visit our web site at www.titanlogix.com

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

Download Printable Version