Titan Inks $12 Million In New Orders
18 August 1999
Titan Inks $12 Million In New OrdersPHOENIX, Aug. 17 -- Titan Motorcycle Co. Of America announced today that, less than 90 days from the shipment of the first production unit of its Phoenix(TM) motorcycle, the company has received in excess of $12 million in new orders for the recently introduced Phoenix line. The Phoenix series, with retail prices starting at $19,995, combines painstaking design and Titan performance, offering exceptional value at a moderate retail price. "Such an enthusiastic response to our Phoenix(TM) line is both unprecedented and very gratifying," said Patrick Keery, president. "With most of our production start-up issues behind us, we expect to fill a substantial portion of this backlog in the remainder of 1999. Importantly, we plan to increase the availability of Phoenix model motorcycles in 2000." 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(TM) 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 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.