Giant Motorsports Announces Revenue Guidance for 2005

Forecast Estimates Revenues in Excess of $100 Million, for 2005 Representing Approximate 22% Increase over Current Year

SALEM, Ohio, Dec. 17 -- Giant Motorsports, Inc. (BULLETIN BOARD: GMOS) , implementing the destination retailer business model in the motorcycle and powersports industry, today announced revenue guidance for calendar year 2005. The announcement was made by Greg Haehn, President of Giant Motorsports.

Giant Motorsports is projecting total revenues for the four quarters of 2005 in excess of $100 million, an approximate 22% increase over the estimated current year, based on organic growth. The Company estimates 2004 revenues to be $78 million.

"We currently anticipate breaking the landmark $100 million revenue milestone in 2005 which is clearly a threshold event for us," said Mr. Haehn. "We believe our past performance has represented a powerful proof of the strength of our organization and our business model. It's Management's opinion that achieving the $100 million revenue mark in 2005 will further demonstrate the success of our business strategy and our goal to generate continued revenue growth and increased shareholder value for our investors. We feel we have attained a very real and very tangible level of critical mass in our business model and infrastructure that will ensure this continued growth."

Giant Motorsports' believes that its "big-box" strategy has made the Company one of the nation's leading sellers of powersports products, including motorcycles, scooters and all terrain vehicles. The Company recently announced revenues for the first nine months of 2004 at $60.3 million. Fourth-quarter revenues are projected at approximately $18 million.

Giant Motorsports' third quarter 2004 financial results represented a 107% rise in revenues totaling to $26.3 million, with earnings up 166%. Nine-month revenues for 2004 were $60.3 million, an increase of 62% over the comparable period for the previous year.

In May of 2004 Giant Motorsports acquired the Chicago, Ill.-based Chicago Cycles. That location generated $40 million in revenues last year under its previous owners. Last month, Giant Motorsports announced close of a lease on a new 93,000-square-foot commercial building, representing a three-fold expansion in size of the Chicago operation. The Company expects it to become one of Giant Motorsports' flagship locations, and will serve as a model for potential future acquisitions.

Giant Motorsports also expects to benefit from continued growth of market demand for motorcycles and powersports products.

"Nationwide, the motorsports market has shown strong and regular expansion year over year for the last decade," said Mr. Haehn. "As part of this expansion, major motorsports manufacturers have significantly increased the size of their product lines. It is our belief that Giant Motorsports' big-box business model provides the advantages in capacity, distribution and financing that is best positioned for success in this quickly changing and expanding marketplace."

About Giant Motorsports, Inc.

Giant Motorsports, Inc. 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 Cycles. More information is located at http://www.andrewscycles.com/ , http://www.chicagocycle.com/ , http://www.giantcorporate.com/ or http://www.trilogy-capital.com/ .