Re:
It is a far east frame, that was indeed offered to dealers by Saracen.
This along with massive quantities, of Tioga Cube stems, Tioga D/H tyres, Tioga Saddles etc
these frames were offered from memory in either 98 or 99, along with the monocoque hardtail and full suspension frames in bundle deals unbranded from massive surplus of O/E stock being sold off. (Maxtrax, Recoil, Obsession etc) These were available in either red blue or yellow.
The trade price, if buying in quantity was about £50 each.
I hope this helps.