Diamond Powersports: 100 New Dealers Place Orders After Dealer Expo

FORT LAUDERDALE, Fla., March 24 -- Diamond Powersports Inc. (BULLETIN BOARD: DPWS) is pleased to announce that the company has just added 100 new dealers since the Dealer Expo held in Indianapolis this past January.

To date the company has amassed over $135,000 in orders from the show and management anticipates exceeding $200,000 in orders as a result of the successful Dealer Expo.

"Our dealer base has grown significantly with an additional 100 dealers worldwide since the show! Each new dealer has placed a new order of between $300-$600 a piece," stated Diamond Powersports CEO, Pierre Elliott.

Diamond Powersports recently finished another record month for sales and gross profit. The company finished the month of February very strong with sales up 127% from the previous year and gross profit up 218% during the same period.

Diamond Powersports recorded sales for February 2004 of $86,687 up 127% from sales of $38,178 during February 2003. In addition, Diamond Powersports' gross profit increased by 218% from just $16,298 in February 2003 to $51,904 for this past February.

"We are currently completing the quarterly and annual reports. Our shareholders should be very pleased with our progress thus far. We are well on our way to a profitable year," stated Pierre Elliott, Diamond Powersports.

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.