Diamond Powersports Sales Up 62% for the Month of March
FORT LAUDERDALE, Fla., April 19 -- Diamond Powersports Inc. (BULLETIN BOARD: DPWS) is pleased to announce that the company has just finished another record month for sales and gross profit. The company finished the month of March very strong with sales up 62% from the previous year and gross profit up 121% during the same period.
Diamond Powersports recorded sales for March 2004 of $126,415 up 62% from sales of $77,223 during March 2003. In addition, Diamond Powersports' gross profit increased by 121% from just $34,792 in March 2003 to $77,985 for this past February.
"The increase in sales is directly attributable to our introduction of more than 50 new products with great margins to an ever expanding motorcycle industry whose market is growing exponentially," stated Diamond Powersports CEO Pierre Elliott.
Mr. Elliott continued, "Based upon the results of the past three months, we expect to have a profitable year."
About Diamond Powersports
Diamond Powersports 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, engine valves, and other parts, accessories, and apparel. It manufactures over 200 motorcycle parts for the aftermarket motorcycle industry.