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Titan Arranges Funding Extension

17 October 2000

Titan Arranges Funding Extension

    PHOENIX, Oct. 17 Titan Motorcycle Co. of America
announced today that Wells Fargo Credit, Inc. has agreed to a
six-month extension of the company's credit facility, which the company
projects will be sufficient to adequately fund operations through the winter
season.  The agreement also provides for additional up-front funds that will
allow Titan to continue its manufacturing operations and to reinstate volume
production.
    Frank Keery, CEO, reported that, notwithstanding the company's recent cash
flow problems, the company has made improvements in several important areas,
including the following:

    -- a significant reduction in borrowings from its primary lender from
       approximately $10 million in January 2000 to under $5 million in
       October 2000;

    -- the establishment of a significantly lower breakeven point through
       consolidations and various organizational restructuring efforts; and

    -- the introduction of two new product lines-Titan's Year 2001 Hi-Line and
       Phoenix Custom Series.

    "Our core business continues to enjoy strong demand and, with appropriate
financing, represents excellent long-term potential," said Keery.  He
indicated that the company's new lines have been well received.  "Wells
Fargo's commitment creates a window of opportunity for Titan to finalize our
long-term financial structure and to prepare for a successful 2001 spring
season," Keery added.