Titan Logix Corp. Reports Financial Results for Fiscal 2013 First- Quarter, the Granting of Incentive Options and New Vice Pr...

Titan Logix Corp., (TSX VENTURE:TLA) ("Titan" or the "Company"), an advanced
technology industrial instrumentation and controls company today reported its
unaudited financial results for the first quarter of its fiscal 2013, ended
November 30, 2012.


Summary of Sales Revenue, Gross Profit and Net Earnings:

Sales for the first quarter ended November 30, 2012 were $4,009,955, an increase
of 18% from sales of $3,389,692 in the first quarter of fiscal 2012. Gross
profit in the three month period was $2,036,577 (51%) compared to $1,579,893
(47%) in the comparable period of the previous fiscal year. Net earnings and
comprehensive income was $1,058,560 before tax and $781,257 after tax ($0.03 per
diluted share) compared to $630,086 before tax and $622,237 after tax ($0.02 per
diluted share) in the same quarter of the previous fiscal year. The increase is
tied to the increase in sales for the period. Income tax expense for the
previous year's first quarter was minimal compared to fiscal 2013 as the Company
had unrecognized deferred tax assets available to reduce income tax expense.


Financial results for the first three months of fiscal 2013 reflect Titan Logix
Corp's successful execution of its strategic plan, its continued operational
strength and the continued customer demand for its oilfield fluid transport
products. 


Summary of Operating Expenses:

Total expenses for the first three months of fiscal 2013 were $989,218 compared
to $951,945 in the same period a year ago. General and administration expenses
were $471,564, compared to $450,698 recorded in the same period of the previous
fiscal year. Engineering and development expense was $124,023 compared to
$194,107. During the three months ended November 30, 2012, Titan recorded an
increase to capitalized product development costs of $143,471 compared to
$67,565 in the three months of the previous fiscal year. This increase is a
result of additional resources being allocated to new product development rather
than sustaining engineering in comparison to the previous year's first quarter.
Marketing and sales expense increased from $353,553 in the previous fiscal
year's first three months to $404,892 for the first three months of fiscal 2013.
As a percentage of sales, operating expenses are 25% for the three month period
ended November 30, 2012 compared to 28% for the same period of fiscal 2012. The
reduction of operating expenses as a percentage of sales is primarily due to the
increase in revenues and also the continued focus on controlling of operating
costs.


Working Capital:

At November 30, 2012, working capital was $9,514,113 compared to the August 31,
2012 year-end balance of $8,557,406. Cash and cash equivalents and short term
investments were $6,899,143 compared to $5,760,318 at the end of fiscal 2012.
Titan does not have any debt except for trade and accrued payables.


Business Outlook:

The customer activity in our primary market has decreased from the peak levels
of the previous fiscal year. Sales for this most recent quarter ending November
30, 2012, are lower than the previous three quarters (second, third and fourth
quarter of fiscal 2012). This market correction is expected to continue to have
an impact on our sales into the next quarter. We plan to address this correction
by continuing to focus on increasing our market share.


Additional Information:

Titan Logix Corp.'s unaudited financial statements and management's discussion
and analysis for the first quarter of fiscal 2013 as well as its audited
financial statements and management's discussion and analysis for its fiscal
year ended August 31, 2012 are available on SEDAR at www.sedar.com and on the
company's website, www.titanlogix.com


Titan also announces that on January 18th, 2013 the Board of Directors appointed
Jeff Langford as Vice President of the Burner Management System business unit of
Titan Logix Corp. As previously announced Mr. Langford will lead this new
business unit and comes to Titan with over 20 years of burner and combustion
experience. 


In addition at Titan's Annual General Meeting held on January 18, 2013,
shareholders re-elected R.W. (Bob) Logan, Dave Kastelic, Matthew Marquardt, W.
Douglas Frame and Greg McGillis to the Board of Directors of Titan. 


The Board of Directors approved incentive stock options for the directors of an
aggregate of 80,000 shares which are exercisable over a five year period ending
January 18, 2018 at a price of $0.63 per share. The Board of Directors also
approved incentive stock options for Mr. Langford of 50,000 shares at a price of
$0.63 per share which are also exercisable over the five year period ending
January 18, 2018, following a one year vesting period. All options were granted
in accordance with the Company's stock option plan as approved by the
shareholders on January 17, 2003.


About Titan Logix Corp.:

Founded in 1979, Titan Logix Corp. ("Titan" or "the Company") is a high
technology company specializing in Research and Development (R&D), manufacturing
and marketing of advanced technology fluid management solutions. The Company's
products include Guided Wave Radar (GWR) gauges for level measurement and
overfill prevention (particularly for use in mobile tanker applications), level
gauges for storage tanks, burner management for oilfield heaters, and
communication systems for remote alarming and control. The products are
currently used in the oil and gas, waste fluid collection, chemical and aviation
industries. These technologies and their derivatives under development are
applicable to a variety of additional markets which Titan plans to expand into
at the appropriate time. A common practice in many of these markets is the use
of manual methods for measurement and control. Due to safety considerations, the
rising cost of many fluids, awareness and concerns about the environment and
technological advancements enabling better operational efficiencies, we are
experiencing an increased demand for our advanced technology products. We
anticipate this demand will continue as we pursue expansion into other markets. 


The products we manufacture are part of a complete asset management solution.
The full solution consists of our own market leading products integrated with
best-in-class third party solutions to enable our customers to benefit from
complete fluid management, throughout each stage of their fluid handling
processes.


This is captured by our slogan "Advanced Technology Fluid Management Solutions,
In the Field, On the Road, In the Office"(TM).




--  In the Field: "In the Field" refers to Titan's solution offerings for
    storage tanks and process vessels. 
--  On the Road: "On the Road" refers to Titan's solution offerings for
    mobile tanker trucks and trailers. 
--  In the Office: "In the Office" refers to Titan's solution offerings that
    enable customers to monitor their fluid assets from the convenience of
    their dispatch center or other back office environment through a wired
    or wireless connection. 



Titan Logix Corp.  is a public company listed on the Toronto Venture Stock
Exchange and its shares trade under the symbol, TLA.


This news release contains certain statements with information that may be
forward-looking and subject to unknown risks and uncertainties. The actual
results, performance and achievements of Titan Logix Corp. may differ materially
from the results, performance and achievements expressed or implied by such
forward-looking statements. These forward-looking statements may not relate
strictly to historical or current facts. They represent management's views as of
the date of this press release and we assume no obligation to update them. We
caution you not to place undue reliance on these forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Titan Logix Corp.
Greg McGillis, P.Eng.
President and Chief Executive Officer
[phone]
[e-mail]
www.titanlogix.com