Joseph Fenton
baksh****@acsu*****
2007年 7月 1日 (日) 21:34:04 JST
Breaking News Alerts! We ask you to watch and enjoy the ride.
Stocks like this Do Not happen often....We expect big things Monday!EX TREME
MOTORSPORTSSym: ETMO.PKCurrent $0.00065 Day $0.03EXTR EME Motorsports of California, Inc. Completes Acquisition of Southern
Offroad Vehicle ServicesJune 27, 2:00 pm ET BAKERSFIELD, CA--(MARKET WIRE)--Jun 27, 2007 -- E XTREME Motorsports of
California, Inc. (Other OTC:ETMO.PK - News) ("EXTREM E" or the "Company"), has
completed the acquisition of Southern Offroad Vehicle Services, LLC ("SOVS"), a
company dedicated to providing financing for customers purchasing off-road
vehicles. Through this acquisition, EXTRE ME will not only be able to offer its
customers direct financing of sandcar purchases, but will also be the first
sandcar manufacturer As previously announced, in exchange for all
of the capital stock of SOVS, EXTREM E has paid $10,000 in cash and 15 million
shares of EX TREME common stock. Of the 15 million share of common stock, 10
million will be restricted shares of common stock and 5 million will be
free-trading shares.In the past, EXTR EME required customer down-payments at contract signing and
final payment upon acceptance of the final vehicle, which required E XTREME to
finance the 12-month or more build-out process through the operating cash flow
of the company. Now, EXT REME will be able to achieve both greater throughput and
profit margins by shifting its financing costs to the customer. SOVS has
currently secured $14 million in financing for future customers of EXTREM E, both
for direct purchases and for leased vehicles. This will provide EXTR EME with
immediate funding for the build-out of custom sandcars for private customers and
"spec" vehicles for its dealers."The acquisition of SOVS provides EXTRE ME with the capability to deliver
direct financing to our customers at rates comparable to dealers of standard
over-the-road vehicles," commented Alan McCaa, President and CEO of EXT REME
Motorsports. "Through this acquisition, we provide what no other sandcar
manufacturer in the world is able to claim: in-house financing to all customers.
This not only ensures consistent operating cash flows to EXTR EME, but
incentivizes buyers who might otherwise defer a purchase to a later date to
complete a purchase immediately through consumer financing."About EXTRE ME Motorsports of California, Inc.EXT REME Motorsports of California, Inc., operating under the trade name
"Xtreme Motorsports," is a manufacturer of custom and production-line sandrails,
desert and dual sport racecars. Founded in 1983, EXTREM E's sandcars have been
sold to customers in England, the United Arab Emirates, Australia, South America
and the US. For more information, visit the corporate web site• EXTR EME Motorsports of California, Inc. Completes Acquisition of Southern
Offroad Vehicle Services Marketwire (Wed, Jun 27) • EX TREME
Motorsports Closes 504 Offering, Prepares to Complete Audit of Financial
Statements and Move to Over-the-Counter Bulletin Board Marketwire (Wed, Jun
27) • Alan McCaa, CEO and President of EXTR EME Motorsports of
California, Inc., is the Featured Guest in an Audio Interview at
SmallCapVoice.com Business Wire (Thu, Jun 14) • EXTR EME
Motorsports of California, Inc. (ETMO) SqueezeTrigger Price is $0.0037.
Approximately 279.9 Million Shares Shorted Since September 2006 According to
BUYINS.NET Research Report Marketwire (Mon, Jun 11) • E XTREME
Motorsports of California, Inc. Initiates Stock Repurchase Program, Prepares to
Close Out 504 Offering Marketwire (Thu, Jun 7) • EXTREM E
Motorsports of California Receives Master Distributor Agreement for EX TREME
Security Vehicles, Provides Share Structure Update Marketwire (Thu, May
31) • EXTR EME Motorsports of California, Inc. Completes Letter of
Intent to Acquire Southern Offroad Vehicle Services Marketwire (Tue, May
29) • EXTR EME Motorsports of California, Inc. Confirms Symbol, CUSIP
Change and Trademark Protection Strategy Marketwire (Mon, May 21)
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