Diamond Powersports to Manufacture Signal Light Caps for Honda, Suzuki, Yamaha and Kawasaki

FORT LAUDERDALE, Fla., Feb. 3, 2004 -- Diamond Powersports, Inc. (BULLETIN BOARD: DPWS) announced today that its creative team has just completed the development of their new Billet Signal Light Caps. These new light caps will be manufactured for Honda, Suzuki, Yamaha and Kawasaki sportbikes.

The New Billet Signal Cap is just one of the exciting new products being offered by Diamond Powersports at the The Dealernews International Powersports Dealer Expo in Indianapolis this month. The Dealer Expo is the largest, most comprehensive trade show of its kind in the world for 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.

There are 19,000 dealers expected to attend and over 800 exhibitors. Diamond Powersports will be hosting a Banquet Room/Suite at the Hyatt across the street from the Indianapolis Convention Center on Sunday, Feb. 15, 7:00PM- 10:00PM. For reservations please contact Kerri Carothers at 407-719-9709.

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.

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.