Looks like Titus is back...

On-One Purchase of Titus Bikes Official Press Release

On One, the Mountain Bike Division of Planet X Ltd (Rotherham, UK) has acquired the brand, trade marks and assets of Titus Bikes Inc (Tempe, USA).* The Titus acquisition complements the On One range, with the addition of high quality full suspension models. By leveraging our experience in carbon and titanium bike development we intend to build on the already strong Titus range.

In addition the Titus brand and loyal customers will provide a boost to On One’s planned expansion into the US in 2011.