The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Titan Motorcycle Co. 1997 Revenue Up 262%; Stage Set For Profitability In 1998

6 April 1998

Titan Motorcycle Co. 1997 Revenue Up 262%; Stage Set For Profitability In 1998

    PHOENIX, April 6 -- Frank Keery, chief executive officer of
Titan Motorcycle Co. of America (OTC Bulletin Board: TMOT), today announced
year-end results.  For the 12 months ended December 31, 1997, the company
posted revenue of $13.1 million (up 262 percent) compared to net revenue of
approximately $5.0 million for the year ended December 31, 1996.
    According to Keery, while the company experienced an operational loss of
approximately $1.7 million for the year, results were in line with
management's plans for rapid growth and market penetration.  "All facets of
our business underwent major improvements as we continued to build the
infrastructure necessary to ensure continued expansion and leadership in
selected markets that represent excellent long-term potential.  We are
exceptionally pleased with the revenue trend, and the stage is set for
profitable growth in 1998 and beyond," Keery said.
    Keery indicated that the company is beginning to see the initial positive
results of strategic long-range planning and investment, with first quarter
1998 sales dramatically higher and with solid improvements in operating
results versus last year's comparable period.
    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), Scorpion(TM), and Coyote(TM), represent the finest available
in custom-designed, volume-produced, performance motorcycles.  Manufactured at
the company's 64,000 square-foot corporate headquarters and manufacturing
facility, and available with a variety of customized options and design
modifications, Titan large displacement motorcyles are sold through a
dealership network of 45 stocking dealers in the United States and 15
international dealers.

    NOTE:  This release contains forward-looking statements within the meaning
of the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995 that involve a wide variety of risks and uncertainties, including,
without limitation, statements with respect to the Company's strategy and
prospects.  Readers and investors are cautioned that the Company's actual
results may differ materially from those described in the forward-looking
statements due to a number of factors, including, but not limited to, demand
for the Company's custom-manufactured performance motorcycles, the Company's
ability to continue to develop select markets, general economic conditions
both domestically and abroad, the conduct of business by the Company in
foreign markets, and other factors that may be more fully described in
additional documents set forth by the Company.

SOURCE  Titan Motorcycle Co. of America