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Titan Motorcycle Announces Record Q1 Sales

17 May 1999

Titan Motorcycle Announces Record Q1 Sales

    PHOENIX, May 17 -- Titan Motorcycle Co. of America
announced record Q1 sales of $7.6 million (up 43 percent)
compared to $5.4 million for the comparable quarter of 1998.
    "We are pleased that during the traditional 'off-season' in the motorcycle
market, sales in Q1 continued a major upward trend," said Frank Keery, chief
executive officer.
    Keery indicated that Titan booked a net loss of $160,292 for the most
recent quarter versus a net profit of $58,939 for its 1998 Q1.  While on an
operating basis the first quarter of 1999 compared favorably with the first
quarter of 1998, Keery attributed the most recent quarter's loss primarily to
an increase in interest expense and one-time start-up costs resulting from the
company's new Phoenix(TM) line of motorcycles, which are moving toward full
production volumes in the second  quarter of 1999.  "Having made important
investments in the company's future, we enthusiastically look forward to
reaping the returns in subsequent quarters," said Keery.
    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), and
Sidewinder(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, 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/or in the company's filings with the Securities and Exchange
Commission.