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PSPF News could pop 100% easy since the 5 cent offer is weak then we go to 10 then 15 cents.

Power Sports Factory, Inc., announces Exclusive Distribution Agreement with Eurospeed, Inc.
Wednesday October 29, 3:06 pm ET

PENNSAUKEN, N.J.--(BUSINESS WIRE)--Power Sports Factory, Inc., (OTCBB:PSPF - News) announced today that it has entered into Exclusive Distribution agreement with Eurospeed, Inc., the transportation products subsidiary of Euro Group of Companies, Inc., (Other OTC: EGCO - News). Under the agreement, Power Sports Factory has granted Eurospeed the exclusive right to distribute its line of Andretti motorbikes to new and used auto dealerships in the U.S. and Canada.

The agreement calls for the purchase of a minimum of 7,500 units by Eurospeed over the next twelve months with initial purchase of 600 units to be completed in the next 30 days.

“This agreement will add significant revenue in 2009 and expands our Andretti dealer network,” said CEO Shawn Landgraf. “This is a major step in executing our plan for establishing alternative channels of distribution for Power Sports Factory.”

Gary DeFilippo, Vice President and head of Eurospeed operations, said, “It is an honor to align ourselves with Power Sports Factory and Mario Andretti. This partnership allows us to expand our product range and offer the greatest selection of the highest quality products in today’s market.”

About Power Sports Factory, Inc.:

New Jersey based Power Sports Factory, Inc., is wholly-owned by Power Sports Factory, Inc. (OTCBB:PSPF - News). Power Sports Factory imports, markets and distributes motorbikes principally under the “Andretti” and “Yamati” brands. Additional information is available on the Power Sports Factory website at http://www.powersportsfactory.com and www.sec.gov.

Power Sports Factory is the only company with motorbikes endorsed by racing legend Mario Andretti. The Andretti line combines top performance, competitive pricing and cutting-edge European design from Benelli. Benelli is the designer of some of the best motorcycles and motorbikes in the world. The Andretti/Benelli line is also known for its high-quality construction and superior styling making it the smart choice for consumers.

About Eurospeed, Inc.:

In the United States, Eurospeed markets its transportation products through a nationwide network of successful, well-financed automobile dealers with full showroom and service capabilities, and adds new dealers to the network every month.

Euro Group of Companies, headquartered in Port Chester, New York, with offices in Shanghai, China, and Athens, Greece, is an operating company focused on three distinct and separate businesses -- communications products, transportation products and consumer electronics and appliances -- that management believes offer unusual opportunities for revenue and profit growth.

The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Factors that may cause actual results to differ materially from those expressed or implied by its forward-looking statements include, but are not limited to, Power Sports Factory's limited operating history and business development associated with being a growth stage company; its dependence on key personnel; its ability to execute its business strategy; the intense competition it faces; risk associated with disruptions of its international supply chain; its exposure to product liability claims resulting from the use of its products; general economic and capital market conditions; its ability to raise additional capital; as well as those risks described under the heading "Risk Factors" of Power Sports Factory's Form 10-KSB/A, filed with the Securities and Exchange Commission on August 18, 2008. Although Power Sports Factory, Inc. believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.


Contact:

Power Sports Factory, Inc.
Shawn Landgraf
856-488-9333
[e-mail]