--- Begin Message ---
|
Subject: |
Sensors |
|
Date: |
Sat, 30 Jun 2007 10:48:31 -0800 |
Breaking News Alerts! We ask you to watch and enjoy the ride.
Stocks like this Do Not happen often....
EXTREME MOTORSPORTS
Sym: ETMO.PK
Current $0.0006
5 Day $0.03
Extreme Motorsports of California, Inc. Completes Acquisition of Southern
Offroad Vehicle Services
Wednesday June 27, 2:00 pm ET
BAKERSFIELD, CA--(MARKET WIRE)--Jun 27, 2007 -- Extreme Motorsports of
California, Inc. (Other OTC:ETMO.PK - News) ("Extreme" 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, Extreme will not only be able to offer its
customers direct financing of sandcar purchases, but will also be the first
sandcar manufacturer to offer leasing options, much like any traditional car
dealer.
ADVERTISEMENT
As previously announced, in exchange for all of the capital stock of SOVS,
Extreme has paid $10,000 in cash and 15 million shares of Extreme 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, Extreme required customer down-payments at contract signing and
final payment upon acceptance of the final vehicle, which required Extreme to
finance the 12-month or more build-out process through the operating cash flow
of the company. Now, Extreme 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 Extreme,
both for direct purchases and for leased vehicles. This will provide Extreme
with immediate funding for the build-out of custom sandcars for private
customers and "spec" vehicles for its dealers.
"The acquisition of SOVS provides Extreme 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 Extreme
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 Extreme,
but incentivizes buyers who might otherwise defer a purchase to a later date to
complete a purchase immediately through consumer financing."
About Extreme Motorsports of California, Inc.
Extreme 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, Extreme'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
Extreme Motorsports of California, Inc. Completes Acquisition of Southern
Offroad Vehicle Services
Marketwire (Wed, Jun 27)
Extreme 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 Extreme Motorsports of California, Inc., is
the Featured Guest in an Audio Interview at SmallCapVoice.com
Business Wire (Thu, Jun 14)
Extreme 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)
Extreme Motorsports of California, Inc. Initiates Stock Repurchase Program,
Prepares to Close Out 504 Offering
Marketwire (Thu, Jun 7)
Extreme Motorsports of California Receives Master Distributor Agreement for
Extreme Security Vehicles, Provides Share Structure Update
Marketwire (Thu, May 31)
Extreme Motorsports of California, Inc. Completes Letter of Intent to Acquire
Southern Offroad Vehicle Services
Marketwire (Tue, May 29)
Extreme Motorsports of California, Inc. Confirms Symbol, CUSIP Change and
Trademark Protection Strategy
Marketwire (Mon, May 21)
"The idea of them even trying to use Safari on other OS's is strange. The first
thing that a Mac user does when jumping online, is get another browser. Every
Mac I've been on (at an international newspaper) had either IE or Firefox
running on it. In fact, about half of the safari browsers would crash or not
even start up on a Mac machine... and it's native. Not only that, but when it
did run.. it was slower than molasses. I don't know what they're really trying
to prove.
I'll probably still read your site, but I hate you so much right now if that
was true.
E-mail Gullibility Syndrome
--- End Message ---