Diamond Powersports' Sales and Profits Continue to Rise: May Is Another Record Month

FORT LAUDERDALE, Fla., June 2 -- Diamond Powersports Inc. (BULLETIN BOARD: DPWS) is pleased to announce that the company has just finished another record month for sales and gross profits. May is the 6th consecutive record month for sales and gross profit for Diamond Powersports.

Diamond Powersports recorded sales for May 2004 of $125,611, up 33% from sales of $94,166 during May 2003. In addition, Diamond Powersports' gross profit increased by 59% from just $50,670 in May 2003 to $80,614 for this past May.

"I am very pleased with the team effort. I look forward to continued success for Diamond Powersports and its shareholders," stated Diamond Powersports CEO Pierre Elliott.

Diamond Powersports Inc. has scheduled a nationwide conference call for June 3rd, 2004. Pierre Elliott, CEO, will be hosting a teleconference to update the financial community on the progress of Diamond Powersports, Inc. Expected to attend the call are financial analysts from across the country, newsletter writers, brokers, industry insiders and shareholders.

The conference call will begin at 4:15 EDT and can be accessed on a toll- free line by calling 1-800 Conference and referencing "Diamond Powersports" to the operator. The conference call will last approximately 30 minutes, and Pierre Elliott will update shareholders on the recent developments of Diamond Powersports, Inc.

"I am extremely excited to take this opportunity to keep our shareholders abreast of current corporate events. I look forward to improving shareholder communication," commented Pierre Elliott.

The moderator for the call will be Marc Jablon of Big Apple Consulting USA, Inc. Access to the conference call will be limited; participants can reserve a spot in the conference by calling 866-THE-APPLE.

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.