Diamond Powersports Gross Profit Up 165% for the Month of January - As Reported by Investor's Business Daily

BOCA RATON, Fla., Feb. 11, 2004 -- Diamond Powersports Inc. (BULLETIN BOARD: DPWS) announced that the company is being featured in this week's Investor's Business Daily. The company recently announced that they finished the month of January very strong with sales up 66% from the previous year and gross profit up 165% during the same period.

Diamond Powersports recorded sales for January, 2004 of $61,172 up 66% from sales of $36,800 during January, 2003. In addition, Diamond Powersports' gross profit increased by 165% from just $15,128 in January, 2003 to $40,101 for this past January.

Diamond Powersports will be a featured exhibitor 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 Convention Center on Sunday, Feb. 15, 7:00PM-10:00PM. For reservations please contact Kerri Carothers at 407-719-9709.

About Investor's Business Daily

Investor's Business Daily (IBD) was launched in 1984 and is now read by nearly a million investors. It is considered more of a research tool than a traditional newspaper. Known for its innovative stock tables, Investor's Business Daily provides critical information previously available only to institutional investors (pension and mutual funds, banks, insurance companies and government organizations).

Diamond Powersports will be featured in today's Investor's Business Daily, and will be featured on www.investors.com for two weeks.

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. 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.