CONTACT: Veritas Group, 800-773-7317, Vancouver, Canada, or 877-259-2929, Solana Beach, California
PR Newswire - March 17, 1997
Titan Motorcycle Announces the 2 for 1 Forward Split of the Common Stock of the Company
PHOENIX, March 17 /PRNewswire/ -- Patrick Keery, President of Titan Motorcycle Co. of America (OTC Bulletin Board: TMOT), announced today that a forward split of the common stock of Titan Motorcycle Co. of America was approved by action of the Board of Directors on February 28, 1997. The forward split will be effective as of the opening of business on Monday, March 17, 1997.
The 2 for 1 forward split of the common stock has been deemed by the Board of Directors to be important, to diversify stock ownership in the company, to strengthen the financial position of the Company in the stock market, and to assist the Company in its efforts to fund the operations and anticipated growth of the Company.
All necessary arrangements have been made with the transfer agent of the Company to accomplish the forward split and to issue new stock certificates to all current shareholders. The record date of this action is Tuesday, March 11th. All stockholders of record on this date will be mailed a new stock certificate for an equal number of shares as they owned as of the record date.
On the March 17th effective date of the forward split, the total number of issues and outstanding shares of the Company will be increased to 14,044,000.
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SOURCE: Titan Motorcycle Co. of America
CONTACT: Veritas Group, 800-773-7317, Vancouver, Canada, or 877-259-2929, Solana Beach, California
NOTE: This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 that involve a wide variety of risks and uncertainties, including, without limitation, statements with respect to the Company's strategy and prospects. Readers and investors are cautioned that the Company's actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, demand for the Company's custom-manufactured performance motorcycles, the Company's ability to continue to develop select markets, general economic conditions both domestically and abroad, the conduct of business by the Company in foreign markets and other factors that may be more fully described in additional documents set forth by the company.
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