TLA Titan Logix Corp

Titan Logix Corp., (TSX VENTURE:TLA), an advanced technology industrial
instrumentation and controls company, announces its results for the three months
and year ended August 31, 2012.


Financial results are summarized as follows:



----------------------------------------------------------------------------
                                 Q4 2012     Q4 2011     YE 2012     YE 2011
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                                       $           $           $           $
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Revenues                       5,131,387   3,457,350  17,941,757  11,104,975
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Gross profit                   2,560,365   1,631,795   9,089,205   4,961,274
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Earnings before income taxes     919,530     654,680   4,271,468   1,108,264
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Net earnings                     878,981   1,262,889   3,657,718   1,709,599
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Basic earnings per share            0.04        0.05        0.15        0.07
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Summary of Sales Revenue and Net Earnings:

Titan Logix Corp.'s sales for fiscal 2012 totaled $17,941,757, an increase of
$6,836,782 from sales of $11,104,975 in the previous year. Earnings before
income tax, for the fiscal year ended August 31, 2012 was $4,271,468 compared to
$1,108,264 in fiscal 2011. Net earnings and comprehensive income were $3,657,718
compared to $1,709,599 for fiscal 2011. This represents a 62% increase in sales
and a 114% increase in net earnings. The fiscal 2012 results reflect the
successful execution of our strategic plan, our continually improving
operational strength, and the increased customer demand for our oilfield fluid
transport products.


In the fourth quarter of 2012 Titan's sales were $5,131,387, an increase of
$1,674,037 from the fourth quarter sales of $3,457,350 in fiscal 2011. The net
earnings in the fourth quarter of fiscal 2012 were $878,981 compared to net
income of $1,262,889 in the fourth quarter of fiscal 2011. The decrease in net
earnings is attributable to the fourth quarter increase of $40,549 in income tax
expense as compared to the $608,209 income tax recovery recorded in the fourth
quarter of fiscal 2011, offset by the increase in earnings before tax.


Fiscal 2012 marked the achievement of record revenues in Titan's history.
Titan's sales outside of Canada, primarily to the U.S., were $8,677,531 in
fiscal 2012, an increase of 139% from sales of $3,627,594 in fiscal 2011. This
substantial increase in U.S. sales is a reflection of the success of Titan's
strategy and response to the increasing market demand.


Summary of Operating Expenses:

In fiscal 2012, total expenses were $4,842,309, an increase from $3,881,859 in
the previous year. General and administration expenses were $2,370,093 compared
to $1,635,124 in fiscal 2011. Marketing and sales expenses were $1,638,066
compared to $1,325,741 in the previous year. Engineering and development
expenses were $739,919 compared to $789,280 for the previous year. Total
engineering and development expenditures prior to the capitalization of
development costs and the recording of recoveries for funding received were
$1,061,661 for fiscal 2012 compared to $1,095,017 for the previous fiscal year.
Titan had a loss on foreign exchange of $18,936 due to changes in the value of
the Canadian dollar as compared to a loss in fiscal 2011 of $61,196.


Financial Position

At August 31, 2012 working capital was $8,557,406 compared to the August 31,
2011 year-end balance of $4,430,414. Cash and cash equivalents were $5,060,318
at the end of fiscal 2012 compared to $1,457,324 on August 31, 2011. Titan does
not have any debt except for trade payables and accrued liabilities. Titan
continues to maintain a strong balance sheet and a good cash position. 


"I am very pleased with how well Titan did in fiscal 2012," said Board Chair, R.
W. (Bob) Logan. "We were able to keep operating costs in line while serving our
customers' overwhelming demand for our products."


Summary of our Focus and Initiatives for Fiscal 2013

Fiscal year 2012 was an exceptional year for Titan.

Titan looks forward to the opportunities available in Fiscal 2013. There has
been a reduction in truck tanker manufacturing levels and some manufacturers are
no longer in the crude oil tanker business. These are market indicators that
Titan management tracks on an ongoing basis. "We are viewing Fiscal 2013 with
cautious optimism," said Greg McGillis, President and CEO. "The markets we serve
are ever-changing. We monitor the activity and act accordingly." 


The Company's strategy is to develop, manufacture, market and support the right
products to ensure its customers achieve a high return on investment/low true
cost of ownership through advanced technology. Titan sells engineered,
purpose-built products that meet market needs today while providing the facility
for future expansion as customer needs change. 


Titan Logix Corp.'s strategic objectives for fiscal year 2013 are:



Financial                                                                   

--  Sustain financial strength 
--  Pursue profitable, strategic acquisitions and partnerships

Market and Customer                                                         

--  Grow our market share of fluid transport gauging in U.S. crude oil
    tanker manufacturing 
--  Grow into other transport gauging markets, including through the release
    of new Stik products 
--  Explore opportunities outside our core product offerings

Operations                                                                  

--  Further develop our Quality Management System (QMS) 
--  Further integrate our business systems 
--  Strengthen our R&D capabilities

People                                                                      

--  Continue to enhance the expertise of our team in the bulk/fluids
    transportation industry 
--  Develop and grow all staff 
--  Further strengthen our safety program



Titan's core focus of its business is portrayed in its theme "Advanced
Technology Fluid Management Solutions, In the Field, On the Road and In the
Office".


Additional Information:

Titan Logix Corp.'s audited financial statements and management's discussion and
analysis for the fiscal year ended August 31, 2012 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 a continued demand for our advanced technology
products. We will continue to 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Titan Logix Corp.
Greg J. McGillis, P.Eng.,
President and Chief Executive Officer
(780) 462-4085
invest@titanlogix.com
www.titanlogix.com

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