American Quantum Cycles Commences Secondary Offering and Begins Trading On AMEX

9 September 1999

American Quantum Cycles Commences Secondary Offering and Begins Trading On AMEX

    MELBOURNE, Fla.--Sept. 8, 1999--American Quantum Cycles Inc., today announced that it has commenced its secondary offering of 2,430,000 shares of its Common Stock at $3.50 per share.
    American Quantum's Common Stock is now trading on the American Stock Exchange under the symbol "AFV." Prior to this offering, American Quantum Cycles Common Stock traded on the OTC Bulletin Board under the symbol "AMQC."
    Barron Chase Securities Inc is the managing underwriter for the public offering. The Company has granted the underwriters an option to purchase up to an additional 364,500 shares to cover over-allotments. Copies of the prospectus relating to the offering may be obtained from Barron Chase by calling (561) 347-1200.

    About American Quantum Cycles

    American Quantum Cycles manufactures American-made, high performance, custom-made, cruisers and touring style motorcycles with state-of-the-art engines utilizing a patented four-valve head for greater power and lower pollutant emissions. Using a PC-based kiosk Intranet/Extranet system installed in dealer showrooms, customers can select a precise motorcycle design with options tailored to their requirements. For more information visit the Company's Web site at www.quantumcycles.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of these securities in any State or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

This release contains forward-looking statements that are subject to risks and uncertainties. Although American Quantum Cycles believes that the expectations reflected in its forward looking statements are reasonable, actual results could differ materially from those expectations. Important cautionary statements and risk factors that would affect actual results are discussed in materials filed by American Quantum Cycles with the Securities and Exchange Commission.