Titan Updates Nasdaq Listing Status
30 November 2000
Titan Updates Nasdaq Listing StatusPHOENIX, Nov. 30 Titan Motorcycle Co. of America (Trading Symbol: TMOT) announced day that the Nasdaq Listing Qualifications Panel has decided to delist the company's common stock from the Nasdaq SmallCap Market as of the opening of the market on November 30, 2000. Nasdaq's decision is the result of the Company's inability to meet the minimum bid price for its common stock as set by Nasdaq. Over the past several months, the company has had difficulty meeting both Nasdaq's trading price and capitalization requirements. Upon delisting, the company's common stock will become eligible for trading on the OTC Bulletin Board. 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's 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 in the Company's filings with the Securities and Exchange Commission.