Diamond Powersports Sales up 50% for 1st Quarter Ended 2004

FORT LAUDERDALE, Fla., May 18, 2004 -- Diamond Powersports Inc. (BULLETIN BOARD: DPWS) is pleased to announce that the company released its financials for period ending March 31, 2004. In their report, Diamond Powersports showed a 50% increase in sales for 1st Quarter ended 2004 as compared to the prior year.

Revenues increased $87,621 or 50% to $263,481 for the three months ended March 31, 2004 as compared with $175,860 for the three months ended March 31, 2003. These increases were primarily attributable to market penetration for our newer parts as well as a growing awareness of our products in the first quarter of 2004 compared to 2003. The Company had a net loss of $266,710, ($.02) per common share, for the three months ended March 31, 2004.

"Beginning late last year, we began focusing on increasing distribution of our own line of products and less of other manufacturers' products. With higher profit margins on our own developed product lines we can continue to position our company for profitability in 2004," stated Diamond Powersports CEO, Pierre Elliott.

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.