Giant Motorsports Adds 40,000 Square Feet to Salem, Ohio Store

SALEM, Ohio, Sept. 15 -- Giant Motorsports, Inc. , implementing a national roll up strategy with a "big box" destination business model in the motorcycle and powersports industry, announced today the completion of a 40,000 square foot addition to its Salem Ohio powersports store. "With the addition of this new space we will now have a 75,000 square foot facility. This new state-of-the-art superstore will provide our customers with an unprecedented selection of motorcycles, all-terrain-vehicles (ATV) and scooters," said President, Greg Haehn. The recent Salem expansion combined with the new Chicago facility (95,000 square feet) equals a total of 170,000 square feet of retail space.

"In 1998, we began testing our destination model in our Salem Ohio store. We renovated and expanded the showroom enabling us to display a wider selection of inventory of bikes, ATV's and more parts and accessories. Sales grew from $7.8 million in 1998 to sales of $46 million in 2003 which validated our business model and led us to the acquisition of Chicago Cycle. In order to maintain the Salem store's growth rate, last year we decided to add 40,000 square feet to the existing facility, creating one of the largest powersports dealerships in Ohio," stated Mr. Haehn.

"The recent expansions of the Salem, Ohio and Chicago stores demonstrate our strong commitment to our business model. We maintain our continued enthusiasm for the future of the powersports industry," said Mr. Haehn.

Giant Motorsports is a destination retailer for motorcycles, all-terrain- vehicles (ATVs) and motor scooters. Through implementation of a business strategy based on a regional "big-box" retailer model, Giant believes it has become a leading multi-brand motorsports retailer in the United States. The Company is attempting to leverage revenue and earnings growth 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 wholly-owned subsidiaries, W.W. Cycles dba Andrews Cycles and Chicago Cycle, Inc dba Chicago Cycles. More information is located at http://www.andrewscycles.com/, http://www.chicagocycle.com/ or http://www.giantcorporate.com/.