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| News and products for the motorcycle enthusiast and professional |  |
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VIPER MOTORCYCLE COMPANY ANNOUNCES MERGER AGREEMENT WITH VIPER POWERSPORTS Viper Motorcycle Company announced today that it has entered into a merger agreement with Viper Powersports Inc., a publicly-traded Nevada corporation in a transaction in which Viper Powersports will acquire 100% of Viper Motorcycle Company. The two companies expect to close this merger on or before March 31, 2005, after which Viper Motorcycle Company will be operated as a wholly-owned subsidiary of Viper Powersports Inc. Viper Powersports will issue 4,966,225 common shares and 800,000 preferred shares to the shareholders of Viper Motorcycle Company under the terms of the reverse preferred shares as part of the merger. In addition, certain shareholders of Viper Powersports subscribed to an additional 400,000 shares of restricted common stock at $2.50 per share, providing $1 million of working capital. Viper Motorcycles also announced that it has satisfied virtually all its outstanding debt (exceeding $4 million) through conversion of debt into restricted stock. Viper Motorcycle Company also has completed a new website which is http://www.vipermotorcycle.com/ . Viper Motorcycle Company develops, produces and markets a line of premium custom V-Twin cruiser motorcycles. Viper cruisers are distributed and sold under the Viper brand name through a nationwide independent dealer network.
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