Diamond Powersports' Year to Date 2004 Sales Surpass 2003 Total Yearly Sales

FORT LAUDERDALE, Fla., Aug. 12, 2004 -- Diamond Powersports Inc. (BULLETIN BOARD: DPWS) is excited to announce that July's record breaking sales helped the company's 2004 YTD sales to surpass the entire sales volume for the year 2003. Year to date sales figures ending in July 2004 reached $889,681.79 surpassing its 2003 yearly sales of $813,659.14.

Sales for July 2004 were reported to be $170,448.09 compared to $75,641.30 for July of 2003. This is a 225% increase over July sales of the previous year. Gross profits for July 2004 were $111,973.16 compared to $35,069.36 for last year. This represents a 319% increase in gross profits between July of 2003 and July of 2004.

Diamond Powersports is also proud to announce record gross profits for the year 2004. Gross profits through July were $558,719.86 compared to $252,349.95 for the same period of 2003. This is a gross profit increase of $306,369.91 which represents a 221% gross profit increase over the same period for last year.

"The increase in sales is directly attributable to an aggressive marketing of the many new and innovative sportbike accessories that Diamond Powersports has added to its product line," 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. Founded in 1992, it manufactures and distributes custom parts such as its Flame/frame sliders, lowering links, foot pegs, chain guards, kickstands and other misc. sportbike accessories. The Diamond Powersports product line now includes nearly 400 innovative aftermarket motorcycle parts for the sportbike enthusiast.

For investor information for Diamond Powersports, Inc. contact Pierre Elliott at 1-800-466-8606 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.