Diamond Powersports to Unveil the New 'Skeleton' Top Clamp in Indianapolis

FORT LAUDERDALE, Fla., Jan. 21, 2004 -- Diamond Powersports, Inc. (BULLETIN BOARD: DPWS) announced today that it will be unveiling the new Hayabusa "Skeleton" top clamp at the Dealer Expo in Indianapolis this February.

"We know that the racing edge goes to the lightest motorcycle. This latest innovation by the Diamond Team of engineers shaves nearly a pound of weight from the bike," commented Pierre Elliott, Diamond Powersports, CEO. The "Skeleton" will be available through Global Motorsports, who will carry the complete product line of Diamond Powersports parts and accessories.

Global Motorsports, www.motorcyclestuff.com, is the largest distributor for aftermarket Harley Davidson parts and accessories. Last year, Global Motorsports purchased $85,000 in parts and accessories from Diamond Powersports. Diamond Powersports anticipates sales to Global Motorsports to account for more than $250,000 in revenue in 2004.

"Global Motorsports is just one of six distributors who have agreed to carry our complete product line. We are committed to providing our customers the latest innovations from the powersports industry," commented Pierre Elliot, Diamond Powersports CEO.

Diamond Powersports will be a featured exhibitor at the Dealernews International Powersports Dealer Expo. The Dealernews International Powersports Dealer Expo is the largest, most comprehensive trade show of its kind in the world of dealers, distributors and manufacturers of aftermarket powersports products. The strength, growth and success of the show have earned it the distinction of being a "must attend" event for dealers across the country.

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, valves and other parts, accessories and apparel. It manufactures over 200 motorcycle parts for the aftermarket motorcycle industry.

For investor information for Diamond Powersports, Inc. contact Matt Maguire at (407) 884-0444 or visit the website 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.