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<TYPE>EX-99.2
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<FILENAME>p64707ex99-2.txt
<DESCRIPTION>EX-99.2
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<PAGE>   1
                                                                    Exhibit 99.2

CONTACT: Frank Keery, Chief Executive Officer          Madeleine Franco
         Titan Motorcycle Co. of America               Jordan Richard Assoc.
         602-861-6977                                  801-268-8610
         www.titanmotorcycle.com                       ir@jordanrichard.com


                       TITAN SECURES ADDITIONAL FINANCING

PHOENIX, ARIZ, February 28, 2001 -- Titan Motorcycle Co. of America (Trading
Symbol: TMOTQ) announced today 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.

This release contains certain forward-looking statements and information that
are based on management's beliefs, as well as assumptions made by and
information currently available to management, including management's plans and
objectives. Such statements are subject to various risks and uncertainties. The
Company's liquidity, capital resources, and results of operations may be
affected from time to time by a number of factors and risks, including, but not
limited to, the ability of the Company to arrange debtor-in-possession
financing; operate successfully under a Chapter 11 proceeding; obtain shipments
and negotiate terms with vendors and service providers; fund and execute a new
operating plan for the Company; attract and retain key executives and
associates; meet competitive pressures which may affect the nature and viability
of the Company's business strategy; generate cash flow; attract and retain
dealers and customers; and manage its business notwithstanding potential adverse
publicity. The Company undertakes no obligation to publicly announce the result
of any revisions to any of the forward-looking statements contained in this
release to reflect future events or developments.
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