Diamond Powersports Reports Record Sales for October and November
SUNRISE, Fla., Dec. 3, 2003 -- Diamond Powersports (BULLETIN BOARD: DPWS) is pleased to announce that it has recorded record sales increases for the months of October and November for its fourth quarter which ends December 31, 2003.
Diamond Powersports reported a 132% increase in revenues and a 209% increase in Gross Profit for October and November of this year compared with the same two months for 2002. Revenues for October and November were $112,194, an increase from $48,343. Gross Profit during the same period was $66,500, an increase from $21,452.
"Fourth Quarter is normally our slowest season. We are pleased that our financial numbers continue to improve, and we are even more pleased that these sales figures only represent a small fraction of what I believe this company is capable of achieving," commented Pierre Elliott, president of Diamond Powersports.
About Diamond Powersports
Diamond Powersports, Inc. is the leading supplier of innovative motorcycle parts and accessories to the motorcycle aftermarket and general merchandise markets. Founded in 1992, Diamond Powersports is headquartered in Sunrise, Florida. The Company manufactures and distributes custom parts such as its Flame Sliders, lowering links and footpegs, and is a distributor of motorcycle tires, valves and other products. Diamond Powersports currently produces and manufactures over 185 motorcycle parts for the aftermarket motorcycle industry. The Company is focused on delivering greater profit opportunities and new product alternatives to its customers worldwide for Honda, Suzuki, Kawasaki and Yamaha sport bikes.