Diamond 2Q Revenues Up 71%
September 3, 2004
Filed under Features
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.