Diamond Powersports Gross Profit Increases by 164%

SUNRISE, Fla., Nov. 21, 2003 -- Diamond Powersports (BULLETIN BOARD: DPWS) announced today that it has released its quarterly financials for period ending September 30, 2003. Diamond Powersports reported increases in both revenues and gross profit while maintaining an insignificant net loss of less than a $.01 per share.

For three months ending September 30, 2003 Diamond Powersports reported a 78% increase in revenues and a 164% increase in Gross Profit. Revenues for three months ended September 30, 2003 were $251,341, an increase from $140,507. Gross Profit for three months ended September 30, 2003 were $135,330, an increase from $51,114.

Revenues for 9 months ended September 30, 2003 were $713,164, an increase from $489,411 or a 45% increase. For 9 months ended Diamond Powersports reported Gross Profit as $359,953, an increase from $130,433 or 175% gain.

The gains in both revenues and gross profit occurred while the company was able to maintain its net loss for 9 months ended under $9,000, or less than $.01 per share. Consequently, the company is expecting to be profitable come year-end.

"I am really proud of our team at Diamond Powersports. Management is working really hard to improve shareholder value and bring real dollars to our bottom line. I believe that hard work is evidenced by the improved financials," 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, Frame 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.

For more information on Diamond Powersports call Matt Maguire at 407-884-0444 or visit www.diamondpowersports.com .

Safe Harbor Act Notice: This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third- party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum, or prospectus. Specifications are subject to change without notice.

SOURCE Diamond Powersports, Inc.