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July 6th, 2006

Another One Bites The Dust

Chris Cocalis has quit Titus Cycles. ..

Dear Friend:

The purpose of this letter is to let you know that as of June 30th, 2006, I am no longer with Titus Cycles. As many of you know, I incorporated the company in 1991, and have always had a strong passion for cycling dating back to the early 80’s. It has been my passion and attention to detail that has been the driving factor behind Titus’ reputation for quality, innovation, and leading position as one of the premier high-end brands in the cycling industry.

In 2001 Titus Cycles merged with Vyatek Sports (a composites technology firm). During the last five years with Vyatek and Titus, I have continued to grow Titus Cycles into a multi- million dollar high end industry leader as well as successfully bringing new cutting edge design and technology to the cycling industry. It has been five years since the Vyatek/Titus merger and I have decided to end my partnership with Vyatek and Titus Cycles, sell my interest in the companies, and explore new challenges.

Bummer

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