Diamond Powersports Continues to Break Sales Records as it Signs Distributor Agreement with Motovan Corporation

FORT LAUDERDALE, Fla., Nov. 2, 2004 -- Diamond Powersports, Inc. (BULLETIN BOARD: DPWS) is excited to announce its recent signing of a Distributor Agreement with Motovan Corporation. Motovan is Canada's largest distributor of aftermarket parts and accessories for the powersports industry. Motovan also holds the prestigious honor of being in the "Top 50 Best Managed Private Companies" in Canada.

"We are particularly excited about bringing Motovan Corp. into the family of authorized Diamond Powersports distributors because it is the first step in our plan to attack the global marketplace for sportbike accessories," stated Pierre Elliott, DPS president and CEO. Diamond Powersports is committed to increasing its global presence as it is now readying itself to begin showcasing its products in Europe by the fall of 2005. Pierre says, "This push into the global arena is expected to give us sales projection for 2005 that should nearly double our 2004 sales figures."

Diamond Powersports is also excited to announce its record breaking year- to-date figures for January through October, 2004. Year-to-date sales through October 2004 were $1,258,305.97 compared to $755,629.65 for the same period last year. This is an increase of $502,676.32 in sales and represents a 66.5% increase over the same period of 2003.

In breaking its year-to-date records, Diamond Powersports' figures for each month of 2004 also surpassed sales for the same month of the previous year. Sales figures for this past month, October 2004 reached $119,003.63 compared to $74,528.16 for October of 2003. The difference between October sales for 2004 and 2003 was $44,475.47. This represents a 59.7% increase.

Monthly sales figures for 2004 surpassed 2003 sales number by an average of $50,000 per month. At the same time monthly gross profit figures for 2004 surpassed 2003 gross profit numbers by an average of $38,000 per month.

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 over 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 http://www.diamondpowersports.com/ .

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