Diamond Powersports Inc. (OTC Bulletin Board: DPWS) posted revenues of $752,289 for the six months ended June 30, 2004, an increase of $290,466 or 63% compared to revenues for the same period of 2003. Company Founder and CEO Pierre Elliott says gross profits through July were $558,719.86 compared to $252,349.95 for the same period last year.
''These increases were primarily attributable to market penetration for our newer parts, as well as a growing awareness of our products in the first two quarters of 2004,'' Elliott said.
He said Diamond’s most recent sales include a $22,000 order from Tucker Rocky Distributing, and another worth $57,000 from Global Motorsport Group, owner of Motorcycle Stuff and Custom Chrome.
Founded in 1992, DPWS manufactures and distributes custom parts such as its Flame/frame sliders, lowering links, foot pegs, chain guards, kickstands and other miscellaneous sportbike accessories. The Diamond Powersports product line now includes nearly 400 aftermarket motorcycle parts for the sportbike enthusiast.
Copyright 2004 Powersports Business