Patriot Acquires Steel Dreams Event Co.

RIVERSIDE, Calif., May 30, 2003 -- Patriot Motorcycles Michael Shannon, CEO of Patriot Motorcycles announced today that Patriot (PMCY) has acquired Steel Dreams Event Co. as a part of its entertainment and media division and the success of the Second Annual Sam's Town Motorcycle Rally Presented by Steel Dreams.

The event business is a rapidly growing multi-million dollar segment of the entertainment industry, as evidenced by the exponential leap in attendance at the Sam's Town Motorcycle Rally over the previous year event. An estimated crowd of over 30,000 affluent motorcycle enthusiasts attended this year's Rally despite the competition from the City of Memphis' major festival "Memphis in May." Other major motorcycle events include "Sturgis Motorcycle Rally," "Bike Week" at Daytona Beach, Florida, Myrtle Beach, South Carolina and many others.

Sam's Town Hotel the sponsoring hotel and casino was sold out. Over flow bookings from Rally patrons resulted in the sell out of several of the other area hotels and casinos in a traditionally slow weekend in Tunica.

Steel Dreams Event Co. was formed in 2001 to produce exciting entertainment events and create additional television programming for Steel Dreams TV the #1 celebrity driven power sports show in the United States.

Steel Dreams TV and Steel Dreams Event Co. provided this year's event advertisers, sponsors, and vendors the unique opportunity to realize an immediate brand impact for their products and services.

Crews from Steel Dreams TV were at Sam's Town Tunica filming the entire motorcycle festival capturing all of the fun and excitement for an upcoming feature broadcast on Steel Dreams TV.

Steel Dreams, delivered to its advertisers, vendors and sponsors one of the most highly desired and sought after audiences, the rapidly growing audience of Steel Dreams TV. Steel Dreams is broadcast into 70 million homes weekly, via their nationally syndicated network comprised of Fox, WB, UPN, NBC and CBS affiliates and other independent stations.

Mike Shannon, CEO of Patriot Motorcycles says, "Steel Dreams has a fantastic partner in Sam's Town Casino in Tunica which is a part of the four billion dollar company Boyd Gaming." Tunica is the third largest gaming town in the United States led only by Las Vegas and Atlantic City.

Highlights of this year's event included major motorcycle and accessory manufactures' exhibits on the hotel and casino grounds, bike rides through the incredibly colorful Mississippi Delta and free concerts featuring Molly Hatchett, the Kentucky Headhunters, the Mike Reilly Band, and the Big Mike Griffin Band.

Mark Green, Sr. VP of Marketing states, "'The Sam's Town Motorcycle Festival' presented by Steel Dreams is quickly becoming the premiere Motorcycle extravaganza in the United States.

"Steel Dreams has a major competitive advantage to promote its events through its highly successful television program. We have the only motorcycle event in the world that can provide a value-added service to our advertisers, sponsors and participants on a weekly national television show. This provides us and our partners an incredible marketing program and we are diligently working to create many new and exciting events utilizing this formula."

Steel Dreams TV and Steel Dreams Event Co. are divisions of Patriot Motorcycles and trade under the symbol "PMCY."