Giant Motorsports Forms Giant Motorsports Acceptance Group, Inc.

Financing Subsidiary Created to Attempt to Capture Anticipated Financing Business in Connection with Sales of Company's Products

SALEM, Ohio, Feb. 9 -- Giant Motorsports, Inc. (BULLETIN BOARD: GMOS) , implementing a national roll up strategy with a "big box" destination business model in the motorcycle and powersports industry, has announced the formation of its new wholly-owned subsidiary, Giant Motorsports Acceptance Group, Inc., a finance subsidiary formed to attempt to provide direct financing to purchasers of the Company's motorcycles and other powersports products. Greg Haehn, President and Chief Operating Officer of Giant Motorsports, made the announcement.

The Company believes that if, among other things, properly capitalized and successfully launched, Giant Motorsports Acceptance Group, Inc. could enable the Company to realize a new source of revenue generated by multiple forms of fees on loans to purchasers of its motorcycles, scooters and all terrain vehicles. The Company has recently announced anticipated 2005 revenues to exceed $100 million.

"We are truly excited to announce this event for Giant Motorsports representing a potential new line of business," said Mr. Haehn. "If successful, we believe the Giant Motorsports Acceptance Group could create a potential new revenue and earnings-generating engine. This is a potentially important business and strategic step that could generate additional new revenues through its own operations, as well as significantly assist in the growth of our unit sales. We believe the importance and value of the captive finance business has already been proven by major automotive and powersports manufacturers. In our opinion, the establishment of Giant Motorsports Acceptance Group could eventually enable us to retain significant levels of financing business that previously had been diverted to other financing providers."

Based on current sales levels, it is Management's opinion that loan- related revenues could attain significant levels. "We are currently outsourcing about $22 million on an annual basis in financing for our customers," said Mr. Haehn. "If we execute our strategy effectively we believe we can convert a significant portion to our in-house captive finance arm."

Giant Motorsports is a leading seller of powersports in its marketplaces, and a considerable percentage of its customers finance their purchases through outside financial institutions or through loan services offered by manufacturers. Although Giant Motorsports has received some point participation in those loans, financing providers have been reducing those levels in recent years, eroding the Company's ability to generate revenue from such outside loans.

"We believe Giant Motorsports has a potential source of revenue that it can derive from providing financing services to our existing and new customer base," said Mr. Haehn. "We believe few companies have the ability to offer captive financing. By owning the loans ourselves, we believe we can significantly increase revenues from these financial instruments and ultimately generate more shareholder value."

The establishment and launching of the Company's proposed finance business through Giant Motorsports Acceptance Group, Inc., is subject to a number of factors, including, but not limited to, obtaining significant financing to provide loans to purchasers of its products, hiring and retaining experienced employees, obtaining all required regulatory approvals, customer acceptance and its ability to compete with existing larger, more experienced and capitalized finance entities. No assurances can be given the Company will be able to meet such factors, including obtaining such required financing, or that if it is able to launch such business, such business will ever be successful.

About Giant Motorsports, Inc.

Through implementation of a national roll up strategy based on a "big-box" destination model, Giant Motorsports believes it has become a leading multi- brand motorsports retailer in the United States. With the formation of its new captive financing subsidiary, Giant Motorsports Acceptance Group, Inc., the Company is attempting to create a one stop customer experience which will leverage revenue and earnings growth through the provision of sales, finance and service for its customers. The Company believes growth will be generated through accretive acquisitions in new regions, through internal growth, and through utilization of rollup and consolidation strategies in the fragmented powersports national dealer environment. The Company has two additional wholly-owned subsidiaries, W.W. Cycles dba Andrews Cycles and Chicago Cycles. More information is located at http://www.giantcorporate.com/ , or http://www.andrewscycles.com/ , or http://www.chicagocycle.com/ .

Cautionary Statement Regarding Forward-Looking Statements

Certain statements included in this press release may constitute forward- looking statements. Actual results could differ materially from such statements expressed or implied herein as a result of a variety of factors including, but not limited to: sales of its motorcycle and powersports products; the implementation and expansion of Giant Motorsports business strategies; competition and the timing of projects and trends in future operating performance, as well as other factors expressed from time to time in Giant's periodic filings with the Securities and Exchange Commission (the "SEC"). As a result, this press release should be read in conjunction with Giant's periodic filings with the SEC. The forward-looking statements contained herein are made only as of the date of this press release, and Giant undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.