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Titan Reports Second Quarter Results

19 August 1999

Titan Reports Second Quarter Results

    PHOENIX, Aug. 18 -- Titan Motorcycle Co. of America
announced today results for the thirteen weeks and second
quarter ended July 3, 1999.  For the most recent quarter, the company posted a
net loss of $771,000 or $0.05 per share on record revenue of $8.5 million
versus a net profit of $203,000 or $0.02 per share on revenue of $7.5 million
for the comparable period of 1998.
    "Second quarter results were negatively affected by higher than
anticipated ramp-up costs for the manufacture of our new Phoenix(TM) model
line and delayed shipments of our Legacy(TM) product line due to selective
part shortages that were beyond our control.  However, we expect margins to
improve significantly as unit volumes increase and we return to more normal
production of both product lines during the second half of 1999," 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),
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.