---

Titan Announces First Quarter Results

16 May 2000

Titan Announces First Quarter Results and Profit Turnaround

    PHOENIX, May 15 Titan Motorcycle Co. of America
announced first quarter financial results for the period ending
April 1, 2000, with sales of $8,021,820 and a loss of $1,487,215 or ($0.09)
per share versus sales of $7,645,565 and a loss of $160,292 or ($0.01) per
share for the first quarter of 1999.
    "This most recent quarter, during which revenue was up over 60% compared
to the prior quarter, represents a major milestone for Titan in our program to
return the company to profitable operations," said Frank Keery, chief
executive officer.  Keery noted that while Titan posted a loss for the
quarter, the company was profitable in the month of March with record sales.
    Keery indicated that with an order backlog at a record level of $9 million
as of May 8, 2000, Titan is on track to achieve record sales and profits for
the second quarter.  Titan continues to ramp up production volumes both on its
newly designed high-line product, as well as its Phoenix(TM) line.
"Substantial increases in sales, along with product cost reductions and
plant-wide efficiency improvements, all bode well for a continuation of
improved performance in the coming months," Keery added.