Snowmobile Maker Redline Performance Products, Inc. Completes $10 Million IPO

    VISTA, Calif.--May 21, 2003--Redline Performance Products, Inc. ("Redline") (AMEX: RED) announced today that it has closed on its initial public offering (IPO) of 2,222,224 shares of common stock at $4.50 per share. Redline received gross proceeds from the offering of $10,000,008.
    The Company's common stock commenced trading on The American Stock Exchange(R) on May 16th, symbol - "RED."
    GunnAllen Financial, Inc. acted as the underwriter. GunnAllen Financial has an option to purchase up to an additional 333,333 shares of common stock at the public offering price, less the underwriting discount, until June 29, 2003 to cover over-allotments.
    A final prospectus relating to these securities may be obtained from GunnAllen Financial, Inc. by contacting Cristina Gustilo at (800) 713-4046.

    About Redline Performance Products, Inc.

    Redline Performance Products, Inc. designs, engineers and markets, and has begun to manufacture and sell, snowmobiles under the Redline(TM) brand name. The Company maintains its principal executive offices in Vista, CA, and also has an office in Minneapolis, MN.