TLA Titan Logix Corp

Titan Logix Corp., (TSX VENTURE:TLA), today reported its unaudited financial
results for the second quarter of its fiscal 2012 ended February 29, 2012. 


Summary of Sales Revenue, Gross Profit and Net Earnings:

Sales for the second quarter ended February 29, 2012 were $4,243,301, an
increase of 72% from sales of $2,463,022 in the second quarter of fiscal 2011.
Gross profit in the three month period was $2,182,268 (51%) compared to
$1,086,980 (44%) and net earnings and comprehensive income was $994,368 compared
to $36,154 in the same quarter of the previous fiscal year.


For the first six months of fiscal 2012 ended February 29, 2012, sales were
$7,632,993, up by $2,998,337 or 65% from sales of $4,634,656 in the first half
of fiscal 2011. Gross profit in this same period was $3,762,161, with a gross
margin of 49%, compared to $2,002,047, with a gross margin of 43%, in the first
six months of fiscal 2011. Net earnings and comprehensive earnings in fiscal
2012's first six months was $1,616,605 ($0.06 per diluted share). This is a
material increase from the earnings of $95,327 ($0.00 per diluted share)
reported for the first six months of fiscal 2011.


Financial results for the first six months of fiscal 2012 reflect Titan Logix
Corp's successful execution of its strategic plan, its continued operational
strength and the ever increasing customer demand for its oilfield fluid
transport products. 


Summary of Operating Expenses:

Total expenses for the first six months of fiscal 2012 were $2,143,688 compared
to $1,903,289 in the same period a year ago. General and administration expenses
were $1,012,042, compared to $782,208 recorded in the same period of the
previous fiscal year. Engineering and development expense was $377,168 compared
to $347,720 and marketing and sales expense increased from $651,375 in the
previous fiscal year's first six months to $730,993 for the first six months of
fiscal 2012. As a percentage of sales, operating expenses are 28% for the six
month period ended February 29, 2012 compared to 41% for the same period of
fiscal 2011. The reduction of operating expenses as a percentage of sales is
primarily due to the increase in revenues and also the controlling of many
operating costs.


Working Capital:

At February 29, 2012, working capital was $6,011,707 compared to the August 31,
2011 year-end balance of $4,430,414. Cash and cash equivalents were $2,964,474
compared to $1,457,324 at the end of fiscal 2011. Titan does not have any debt
except for trade and accrued payables.


Business Outlook:

The mobile tanker original equipment manufacturers (OEMs) to whom we sell TD80s
(our GWR mobile tank level measurement and overfill prevention system) are
backlogged in their new tanker fabrication for six to twelve months. Oil and gas
drilling activity in Canada and the US continues to be strong. Titan's TD80 and
TPZ gauging systems are used in oilfield tankers (hauling crude oil, chemicals,
produced water, etc.) and oilfield storage tanks respectively. Market statistics
favor continued growth of the sales of Titan's products in the oil and gas
industry in North America. Titan's outlook for this fiscal year is positive.


Additional Information:

Titan Logix Corp.'s unaudited financial statements and management's discussion
and analysis for the second quarter of fiscal 2012 as well as its audited
financial statements and management's discussion and analysis for its fiscal
year ended August 31, 2011 are available on SEDAR at www.sedar.com and on the
company's website, www.titanlogix.com


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, particularly
for use in mobile tanker applications. The Company's world class Guided Wave
Radar (GWR) solutions are currently used in the oil and gas, waste collection
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 TSX Venture 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.

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