MotorSports Emporium Inc. Announces Quarterly Results

SCOTTSDALE, Ariz.--May 1, 20053, 2005--MotorSports Emporium Inc. (OTCBB:MSEP) today announced improved first quarter financial results.

For the three-month periods ending March 31, 2005, revenues were $50,586, compared to $26,795 in March 31, 2004, an increase of 88%. This revenue was the largest on record since the company's inception in January 1996. Financing activities in the first quarter caused net working capital to increase by $308,523, and total shareholder equity increased by $316,827 compared to the prior fiscal year end. Notes payable were reduced by $225,321.

David Keaveney, president and chief executive officer, commented, "This is our first fully reporting quarter as MotorSports Emporium Inc. In late December 2004 we changed our business operation and established ourselves as a premier motor sports company. Throughout our first quarter we redeveloped the core foundation of our newly acquired business, ScaleCars.com, and implemented a turnkey curriculum that includes content delivery, image development and campaign management. We recently redesigned the ScaleCars.com Web site and with the launch of our marketing campaign, the results will be noted by the added revenue in the coming quarters."

DriversDigs.com, PitStopStudios.com and the MotorSports Emporium eBay(R) store were added revenue streams this quarter. "We have generated revenues in excess of $11,000 in 31 days from eBay(R). eBay(R) is the ideal venue to turn aged inventory into additional cash flow. Due to the monetary exchange rates and eBay(R)'s international exposure, we've experienced increased sales for the majority of our higher-end products. Cross product promotion for all brands under MotorSports Emporium will add significantly to revenues throughout the year. In addition to Internet advertising, we are also introducing the MotorSports brands through the television and radio mediums," added Keaveney.

Throughout the quarter MotorSports Emporium began brand recognition with some of the most recognized names in the racing world: Herta, Luyendyk and Andretti. "The Indianapolis 500(R), 'The Greatest Spectacle In Racing' is only weeks away and we expect substantial exposure for both ScaleCars and DriversDigs by exploiting our relationships with our drivers," stated Keaveney.

Keaveney added, "We continue to expand the viability of our operations by exploring new business opportunities. Our aggressive growth strategy focuses on the creation of value through strategic partnerships, joint ventures and acquisitions. We are currently finalizing the details with an acquisition candidate. This consummation would substantially contribute to our 2005 projected revenue goals of $1M to $5M and grow MotorSports Emporium into an international business with long-term revenue and earnings growth. Needless to say we are very excited moving forward."

"As I have mentioned previously, our quarterly reports are quantitative barometers for growth and I expect the momentum from our efforts this quarter to carry forward as we acquire new businesses, expand our customer base and develop our divisions," said Keaveney.

Keaveney concluded, "The entire team at MotorSports Emporium appreciates the continuous support shown by our shareholders. As we further implement our strategic business plan and grow our company to new levels, I believe we will witness additional support and exposure from the investment community."

About MotorSports Emporium Inc.

MotorSports Emporium Inc. is a fast-track company in the motor sports industry targeting enthusiasts who participate in die cast collectibles, automobile restoration, high-performance accessories, motor sports-related collectibles, automotive and racing art, driver's apparel, race venues and product licensing. For more information visit www.motorsportsemporium.com. For product visit www.scalecars.com, www.driversdigs.com and www.pitstopstudios.com.