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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (7432)	4/17/2000 3:31:00 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 10354

You know whos "Stable" is crumbling: "TITAN MOTORCYCLE 1999 LOSS $8.1 MLN VS NET $237,000 TITAN REPORTS YEAR-END RESULTS PHOENIX, ARIZONA--Titan Motorcycle Co. of America reported 1999 year-end sales of $26.9 million and losses of $8.1 million. This compares to 1998 sales of $27.9 million and a profit of $237,000. Keery noted that during the past 12 months, while expanding its presence overseas, Titan launched new models, including the entry-level Phoenix line and undertook a complete esthetic and performance upgrading of its existing product line. He characterized 1999 as a year of substantial investment during which Titan incurred a number of costs in research and development, manufacturing, and marketing infrastructure, aimed at positioning the company for continued growth, market leadership and profitability. "While we are clearly disappointed with our 1999 results, we are confident that the company is currently back on track after an extraordinarily difficult year," said Frank Keery, CEO. "We have just completed record first quarter sales and expect to return to profitability in the second quarter, beginning April 1, 2000." 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, Roadrunner, Sidewinder, and Phoenix 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. 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.