MotorSports Emporium Announces Third Quarter Results; Company Updates Shareholders on Strategy and Business Opportunities

SCOTTSDALE, Ariz.--Nov. 1, 20055, 2005--MotorSports Emporium Inc. (OTCBB:MSEP) today announced third quarter financial results and updates investment community on plans moving forward.

David Keaveney, President and CEO stated, "Over the past nine-months, in an attempt to enhance future shareholder value, we have been focused on reducing our debt load and strengthening our balance sheet. Accordingly by September 30, 2005, we have reduced our notes payable by approximately $217,000, or 50% and total liabilities by approximately $381,000, or 47%, as compared to December 31, 2004. This has significantly reduced our liquidity pressures and will allow us to focus future efforts toward business operations and growth opportunities. We made some tough decisions but in the end it became vital to develop clear expectations which included finding ways to reduce debt, unlock growth within the company and build confidence among shareholders. We believe that building a solid balance sheet will allow us to continue our fundamental growth."

Total revenues for the first nine months of 2005 increased by 89% to $171,268, compared to $90,435 during the same period in 2004. Revenues for the three months ending September 30, 2005, increased by 41% to $44,379, compared to $31,469 in the third-quarter of 2004.

Operating expenses during the first nine-months decreased by $208,284 or 24% when compared to the first nine-months of 2004. The decrease was primarily due to a reduction in professional and consulting fees resulting from cost containment measures and fundamental business changes implemented by management.

"Throughout the third-quarter we created a stronger Internet presence for ScaleCars.com by expanding our eBay(R) store which now boasts nearly 600 items. The slower summer months proved an excellent opportunity to build upon our earlier eBay(R) successes thereby allowing us ample time to create a much larger store front moving into the busy holiday season. We are taking advantage of the exposure created for ScaleCars.com to heighten the visibility of DriversDigs and PitStopStudios, both are being incorporated into our current eBay(R) store," continued Keaveney.

Keaveney continued, "We entered into an agreement during the third-quarter for the exclusive rights of GS610(TM) Maximum Performance Brake Fluid. A tremendous amount of energy has been put forth to ensure its success. In fact we reengineered the marketing strategy to focus on product validations and consumer education. Also we are currently in negotiations with a National Accounts Manager and a Manufacturers Rep to lead our sales force. Their immediate focus will be to generate sales from specialty shops with the goal of working largely with warehouses and auto parts stores that, by and large, generate a higher volume of sales. And with the recent launch of our newest division, Quadriga MotorSports(TM), we are creating a brand recognition strategy to bring future products to market."

"Through debt reduction efforts, enhancement of existing marketing channels and launching of new product lines, we believe we have strengthened our opportunities for future growth and success," concluded Keaveney.

In other news:

Under their GS610(TM) brand, MotorSports Emporium, Inc has signed a new sponsorship agreement with IRL Andretti Green driver Bryan Herta for the 2006 racing series. For the month of November Herta will be the US driver for Team USA in the A1 Grand Prix (www.a1gp.com) - The World Cup of Motorsport. Pitting driver against driver and country against country for the first time in history, A1 Grand Prix will bring together 25 nations representing 80 per cent of the world's population to actively compete on a level playing field. Herta drove in the Australian race and is slotted to race this weekend in Malaysia showcasing the GS610(TM) logo on the chin of his helmet. Herta will also wear GS610(TM) for the entire 2006 IRL season.

MotorSports Emporium is finalizing its 2006 agreement with Marco Andretti and Arie Luyendyk Jr. and is also in negotiations with several high profile race teams and drivers.

About MotorSports Emporium, Inc.

MotorSports Emporium Inc. is a fast-track company in the motor sports industry targeting enthusiasts who participate in die cast collectible cars, 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 , www.pitstopstudios.com and www.quadrigamotorsports.com .

This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.