Diamond Powersports Shatters All 2003 Sales Records
FORT LAUDERDALE, Fla., Jan. 12, 2005 -- Diamond Powersports, Inc. (BULLETIN BOARD: DPWS) is pleased to announce that the company has just completed another record year finishing with its strongest December and fourth quarter on record. Though the fourth quarter is typically the sportbike industry's weakest quarter, Diamond Powersports posted sales that came close to rivaling even its best quarter for 2003 with $262,525.99 in fourth quarter sales. This is a 94.99% increase in sales compared to fourth quarter sales of $134,635.03 of last year. The 2004 fourth quarter sales were bolstered by very strong showing of $64,279.18 in December sales revenue. This was $41,386.63 over December of 2003 and represents a 186.44% increase in sales over last December.
With year-end sales finishing strong, Diamond Powersports shattered all previous year's sales records with $1,401,698.59 in sales for 2004. This surpassed sales for 2003 by $588,039.45 and represents a 72% increase in sales over the previous year. With a progressive marketing strategy, Diamond Powersports was able to surpass its 2003 sales during every month of 2004.
2005 promises to be just as exciting, as Diamond Powersports is aggressively seeking to surpass $2.5 million for 2005. Entering 2005, the company has laid its foundation to implement Phase II of its marketing plan with a push into Europe and Asia. "This exciting development, coupled with the release of some very innovative new parts from the company's R&D department, is expected to help the company dramatically increase its market share during this coming year," says Pierre Elliott, President and CEO of Diamond Powersports.
About Diamond Powersports
Founded in 1992, Diamond Powersports is the leading supplier of innovative motorcycle parts and accessories to the motorcycle aftermarket. Lowering links, chain guards, kick stands and its patented Flame Sliders are among the 400 different sportbike accessories it manufactures.
For investor information for Diamond Powersports, Inc., contact Pierre Elliott at 1-800-466-8606 or visit the website http://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.