EX-99.1 2 f080306closingpressrelease.htm NEWS RELEASE Titan Trading Analytics announced today it has acquired financial trading software technology from Cignal Technologies of Rhod

TITAN TRADING ANALYTICS INC.

2nd Floor East, 9735 42nd Avenue, Edmonton, Alberta, T6E 5P8

Telephone: (780) 438-1239 Fax: (780) 438-1249



FOR IMMEDIATE RELEASE – Edmonton, Alberta


TSX Venture Trading Symbol: TTA
NASD OTCBB Trading Symbol: TITAF


TITAN TRADING ANALYTICS INC.

ANNOUNCES PRIVATE PLACEMENT CLOSING



August 3, 2006 - Titan Trading Analytics Inc. (the “Corporation” or “TTA”) announced today that the Corporation closed a non-brokered private placement of units (“Units”), subject to regulatory approval, which raised $866,905.  The Corporation will issue 2,476,868 Units at $0.35 Canadian ($0.31 US) per Unit.  Each Unit consisted of one common share and one-half of one common share purchase warrant (a “Warrant”).  The Warrants are exercisable at a price of $0.50 Canadian ($0.45 US) and will expire July 31, 2008.  The securities issued under the private placement are subject to a four-month hold period.  The Corporation paid Finder’s Fees of $58,410.50 to arm’s length parties in connection with the placement.  Insiders participated in the private placement for total gross proceeds of $70,000.


The proceeds of the private placement will be used to enhance marketing and training programs, software development and for working capital.




FOR FURTHER INFORMATION PLEASE CONTACT:

Titan Trading Analytics Inc.
Ken W. Powell, President & CEO

(780) 438-1239.





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