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Titan Logix Corp. Announces Pending Retirement of CFO

Newsfile Corp.
·4 min read

Edmonton, Alberta--(Newsfile Corp. - February 2, 2023) - Titan Logix Corp., (TSXV: TLA) ("Titan" or the "Company"), a technology company specializing in mobile liquid measurement solutions, announced that Angela Schultz, Chief Financial Officer ("CFO"), will be retiring from Titan once her successor has been identified and a successful transition has occurred. Ms. Schultz has committed to a flexible timetable providing her full support to ensure a smooth transition and will stay on as CFO until a thorough transition phase has been completed which is expected in 2023. Titan intends to conduct an external search for its next CFO and will retain an executive search firm to assist in this process.

"It has been a privilege to serve as CFO of Titan over the past 18 years," said Angela Schultz. "I cherish the relationships I've built with the dedicated and talented people at Titan over the years. I'm proud to have been a participant in building the strong foundation on which Titan will execute its strategy and continue to grow. I look forward to having more time to pursue personal interests while watching Titan's future successes under Nick's strong leadership and engaged team, fully supported by the Board of Directors."

"Angela has been a consistent force in the leadership of Titan Logix for almost two decades. On behalf of the Company and the Board, thank you for your dedicated commitment and stewardship that is indelibly engrained in our corporate culture," said Grant Reeves, Chairman, on Angela's announcement. "Congratulations on your very successful career and best wishes for all that you have yet to accomplish."

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"Angela's contribution to the company is immeasurable, and she has been instrumental in setting Titan on the path to recovery and growth this year," said Nick Forbes, CEO at Titan. "We are truly grateful for her leadership and commitment to a smooth transition in the coming months."

About Titan Logix Corp.:

For over 25 years, Titan Logix Corp. has designed and manufactured mobile liquid measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquids transportation. Titan's TD Series of tank level monitors are a market leader in mobile fluid measurement, and are known for their high level of accuracy, rugged design, and solid-state reliability. Our solutions are designed for hazardous and non-hazardous applications, and we serve customers in a wide range of applications including petroleum, environmental solutions, chemical, and agriculture.

Founded in 1979, Titan Logix Corp. is a public company listed on the TSX Venture Exchange and its shares trade under the symbol TLA.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information are assumptions regarding our future operational results. These assumptions, although considered reasonable by the company at the time of preparation, may prove to be incorrect. Readers are cautioned that actual performance of the company is subject to a number of risks and uncertainties and could differ materially from what is currently expected as set out above. For more exhaustive information on these risks and uncertainties you should refer to our Management Discussion and Analysis in respect of the year ended August 31, 2022 which is available at www.sedar.com. In addition, the occurrence of pandemics, such as the outbreak of the novel coronavirus COVID-19 in any of the areas in which the Company, its customers or its suppliers operate could cause interruptions in the Company's operations. In addition, pandemics, natural disasters or other unanticipated events could negatively impact the demand for, and price of, oil and natural gas which in turn could have a material adverse effect on the Company's business, financial condition, results of operations and cash flows. Forward-looking information contained in this press release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any particular time, whether as a result of new information, future events or otherwise, except as required by applicable securities law.

Contact Information:

Nick Forbes
Chief Executive Officer
Ph: (403) 561-8095
Email: invest@titanlogix.com
www.titanlogix.com
TSX Venture, TLA

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153412