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Titan Reports Third Quarter Results

17 November 1999

Titan Reports Third Quarter Results

    PHOENIX, Nov. 16 -- Titan Motorcycle Company of America
today announced third quarter results, with sales of
$5.85 million and a net loss of $1.56 million or $0.09 per share.
    "While the losses for the third quarter were substantial, it is important
to note that, as management had anticipated, the majority of these losses were
incurred early in the quarter," said Frank Keery, chief executive officer.
Noting that the company has a sizable order backlog, Keery said that spending
during the third quarter, primarily attributable to ramp-up of the new
Phoenix(TM) model motorcycle, is also aimed at facilitating higher unit volume
output in subsequent quarters.  "With a resumption of more normal parts flow
from key suppliers and an influx of new equity capital late in the third
quarter, the company is presently increasing production levels to meet
expanding demand."
    Keery indicated that with a continuation of sales expansion through the
fourth quarter and into the new year, including increased distribution
throughout Europe and Asia, Titan expects to achieve more positive operating
performance.
    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 designs, 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.  The Company's statement
referencing its growth and profit improvement plans is a forward looking
statement and, as such, is subject to a variety of risks including continued
market acceptance of the Phoenix(TM) motorcycle line, availability of funds to
support planned growth, effectiveness of the Company's cost reduction efforts
and other economic, competitive, governmental, technological and other factors
discussed in the statements and in the Company's filings with the Securities
and Exchange Commission.