TMOT - Titan Motorcycle Company (fka TMOTQ)

[jmhollen]

TITAN MOTORCYCLE CO. OF AMERICA - Secures Additional Financing

New York, New York, Feb 28, 2001 (Market News Publishing via COMTEX) -- Titan Motorcycle Co. of America announced the securing of court approval for an additional $250,000 new debtor-in-possession financing, bringing the total cash infusion since the Company's Chapter 11 bankruptcy filing to $500,000.

"The additional cash will allow Titan to continue ramping up production to meet the rising seasonal demands," said Frank Keery, CEO. He said that he expects in the next few weeks to further expand the Company's financial strength with an additional seven-figure debtor in possession loan that, once approved by the Court, will enable the company to operate through a successful reorganization in 2001.

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.

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