Titan's Phoenix(TM) Line Surpasses $10 Million Mark
10 April 2000Titan's Phoenix(TM) Line Surpasses $10 Million Mark
PHOENIX, April 10 Titan Motorcycle Co. of America announced today that total dealer shipments for the company's new Phoenix(TM) line of motorcycles have passed the $10 million mark. Priced in the $20,000 range, the Phoenix line is the company's entry-level V-twin bike, designed specifically to broaden market appeal for Titan's unique, custom-configured motorcycles. "The Phoenix line is off to a great start, and we expect it to do very well for us," said Patrick Keery, president. "Our order backlog for Phoenix model dealer shipments is surprisingly high for so early in the riding season, and the bike's field reliability is excellent. We seem to have struck a chord with the marketplace," Keery said. He indicated that Titan continues to ramp up its production volume capacities to respond to strong consumer demand for what the company believes is the best big-engine V-twin value available anywhere. Founded in 1994, Titan Motorcycle Co. of America is a premier designer, manufacturer and distributor of high-end, American-made, V-twin engine motorcycles marketed under various Titan trademarks. Titan's unique, hand-built configurations, including the Gecko(TM), Roadrunner(TM), Sidewinder(TM), and Phoenix represent the finest available in custom-designed, volume-produced, performance motorcycles. Manufactured at the company's corporate headquarters and manufacturing facility, and available with a variety of customized options and designs, Titan large displacement motorcycles are sold through a network of over 80 domestic and international dealers. NOTE: Any statements released by Titan Motorcycle Co. of America that are forward-looking are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risks and uncertainties that may affect the Company's business prospects and performance. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission.