Cycle Parts Dealer Diamond Power Sports Sales Expected to Double as the Company Heads for Profitability in 2004
As reported by Larry Oakley, Wallstreetcorner.com
BOCA RATON, Fla., Dec. 29 -- Diamond Power Sports Inc. (BULLETIN BOARD: DPWS) announced today that its CEO Pierre Elliot has been interviewed on Wallstreetcorner.com by Larry Oakley.
Mr. Oakley reported that Diamond Powersports "should grow reasonably fast, because its gross profit margins allow cash flow to grow at a good rate, now that the company is so close to break even. In the nine months ended 9/30/2003, sales were $713,164, operating income was $11,665, & net loss was ($8,966) due to interest expense of $20,631. Mr. Elliott expects sales to double in 2004 to close to $2 million, which should drive profits clearly into the black."
Larry Oakley continued: "Mr. Elliott began with 50 local customers, and now has over 10,000 worldwide. Even through the mini-recession most businesses have experienced, DPWS's revenues climbed 14%."
Diamond Power Sports is the leading supplier of innovative motorcycle parts and accessories to the motorcycle aftermarket and general merchandise markets. Founded in 1992, it manufactures and distributes such custom parts as its Flame Sliders, lowering links, and footpegs, and distributes motorcycle tires, valves, and other parts, accessories, and apparel. It manufactures over 200 motorcycle parts for the aftermarket motorcycle industry.