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To: Sir Auric Goldfinger who wrote (6987)3/10/2000 4:44:00 PM
From: ST Trader  Read Replies (1) | Respond to of 10354
 
"A: Waiting for the halt. "

You have been waiting for the halt for over a year now!!!

Cheers!!

Scott



To: Sir Auric Goldfinger who wrote (6987)3/13/2000 7:36:00 PM
From: StockDung  Read Replies (1) | Respond to of 10354
 
Titan Announces Cash Infusion of $2.75 Million and Reduction of Long-Term Debt


PHOENIX, March 13 /PRNewswire/ -- Titan Motorcycle Company of America (Nasdaq: TMOT) announced today that it has reached an agreement for the private sale of the company's convertible preferred and common stock to effect a cash infusion of $2.75 million, and in addition the retirement of $1.0 million in long-term debt and accrued interest. In addition to retirement of debt, proceeds of the equity placement will be used for implementing the company's domestic and overseas marketing plans and for other corporate purposes. Additional details of the transaction were not made available.

"This new equity capital will not only improve Titan's cash position in support of our year 2000 growth plans but will also strengthen our balance sheet by substantially reducing long-term debt," said Frank Keery, Titan's chairman and chief executive officer.

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 for year 2000 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.

SOURCE Titan Motorcycle Company of America

CO: Titan Motorcycle Company of America

ST: Arizona

IN:

SU: FNC

03/13/2000 06:01 EST prnewswire.com



To: Sir Auric Goldfinger who wrote (6987)3/13/2000 7:37:00 PM
From: StockDung  Respond to of 10354
 
TITAN MOTORCYCLE CO OF AMERICA INC filed this S-3 on 10/15/1999
10k Wizard: View Filings
More About TITAN MOTORCYCLE CO OF AMERICA INC: Income Statement Balance Sheet Insider Trading Snapshot
MODIFICATION OF PROMISSORY NOTE Where as the parties to a certain promissory note, between Titan Motorcycle Co. of America and Oxford International Management, dated December 9, 1996, wish to amend, or modify, the terms of said note, the following shall be incorporated, joined to, and become a part of the original agreement. "This promissory note shall be modified to show that the outstanding amounts of the note shall not be due, or "called" until January 1, 2000. On this date, one-third (1/3) of the outstanding amount shall become due. On January 1, 2001, another one-third (1/3) of the amount outstanding, as of January 1, 2000, will become due. The remaining one-third (1/3) of the amount outstanding, as of January 1, 2000, will become due on January 1, 2002. Any remaining balance, principal and/or interest would also be paid on January 1, 2002. Further, in lieu of the above referenced payment schedule, the full balance due (principal and interest) may be converted to equity, in the form of common stock in Titan Motorcycle Co. of America, upon mutual agreement by both parties at any time after January 1, 2000. The conversion price will be at a ten (10%) percent discount to the market price of the common stock as of January 1,2000, or the date of conversion, which ever is later." The parties to the original promissory note, and this modification, further agree that in the future, the original note can be further modified, extended, or changed, in writing, as the parties may agree to, in writing. Dated this 16th day of December, 1997 /s/ [illegible] /s/ Francis S. Keery ---------------------------------- ---------------------------------- Oxford International Management Titan Motorcycle Co. of America