August 08, 2007 09:15 ET

Viper Powersports Acquires Melling Sportscars, Changes Name to Viper-Melling Corporation

BIG LAKE, MN--(Marketwire - August 8, 2007) - Viper Powersports Inc. (OTCBB: VPWS) announced today that it has signed an agreement to acquire 100% of the outstanding shares of Melling Sports Cars Inc. for 6,827,000 shares of Viper Powersports Common stock. Viper Powersports intends to change its name to Viper-Melling Corporation and will, when the transaction closes, have Viper Motorcycle Company, Melling Sports Cars, and Al Melling Performance as 100% owned subsidiaries.

Melling Sports Cars, based in Rochdale, England, designs and develops proprietary sportscars and sports car engines. The 700 HP Carbon Fiber Melling Hellcat and 500HP Melling Griffon will be unveiled at the Autosport International, which takes place from the 10th - 13th January at the NEC Birmingham, UK and are scheduled for production in the fall of 2008, with racing at Lemans planned for 2009. Al Melling, Managing Director of Melling Sports Cars, stated, "Within the design of the cars we have tried to produce the most outstanding engineered cars; these cars are not just supercars but are of the best engineering possible; the joining of Melling with Viper enhances this concept."

John Lai, President of Viper-Melling, stated, "The acquisition of Melling Sportscars further enhances our premium lifestyle branding strategy within the Powersports arena. Through Al Melling Performance, Inc., we will sell V8s to the automotive aftermarket, as well as using the Melling Brand in conjunction with selling our proprietary Al Melling designed V-Twin engine to the motorcycle aftermarket."

About Viper-Melling Corporation.

Viper-Melling Corporation develops, manufactures, and markets custom motorcycles and sportscars, accessories and aftermarket engine component parts with patented technology using Computer Aided Design (CAD). Many of the automotive, motorcycle and engine component parts are machined from solid billets of aluminum utilizing Computer-Numerical-Control (CNC) machines. Viper motorcycles are distributed and sold under the Viper brand name through its wholly owned subsidiary Viper Motorcycle Company. Melling Sports Cars are distributed and sold under the Melling brand name through its wholly owned subsidiary Melling Sports Cars, Inc. Viper-Melling Corporation, Viper Motorcycle Company and Melling Sportscars websites are www.viper-melling.com, www.vipermotorcycle.com and www.mellingsportscars.com.

The foregoing material may contain forward-looking statements. We caution that such statements may be subject to uncertainties and that actual results could differ materially from the foregoing statements. Readers accordingly should not place undue reliance on these forward-looking statements which do not reflect anticipated or unanticipated events or circumstances occurring after the date of these forward-looking statements.