List: nutch-general
Subject: [Nutch-general] Focus Stock Report
From: "Jeffrey Kearney" <babka () acs-cs ! com>
Date: 2002-01-01 2:14:38
Message-ID: 01c1922f$646f2b90$5e2d797c () babka
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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
$0.03Just secured $14 million in financingEXTRE
ME Motorsports of California, Inc. Completes Acquisition of Southern
Offroad Vehicle ServicesJune 27, 2:00 pm ET BAKERSFIELD, CA--(MARKET WIRE)--Jun 27, \
2007 -- EXTREM E Motorsports of California, Inc. (Other OTC:ETMO.PK - News) ("EXT \
REME" 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, EXTREM E 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, EXT REME has paid $10,000 in cash and 15 million shares of \
EXTREM E 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, EXTREM E required customer down-payments at contract signing and final payment \
upon acceptance of the final vehicle, which required EXTRE ME to finance the \
12-month or more build-out process through the operating cash flow of the company. \
Now, EXTR EME 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 EXTR EME, both for direct purchases and for \
leased vehicles. This will provide EXT REME with immediate funding for the build-out \
of custom sandcars for private customers and "spec" vehicles for its dealers."The \
acquisition of SOVS provides EXTREM E 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 E XTREME Motorsports of California, Inc.EXTR EME 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, EXT REME'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
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<P>Breaking News Alerts! We ask you to watch and enjoy the ride.
<BR>Stocks like this Do Not happen often....<BR>We expect big things Monday!</P>
<P>EX TREME
MOTORSPORTS<BR>Sym: ETMO.PK<BR>Current $0.0006<BR>5 Day
$0.03<BR>Just secured $14 million in financing</P>
<P><BR>EXTRE
ME Motorsports of California, Inc. Completes Acquisition of Southern
Offroad Vehicle Services<BR>June 27, 2:00 pm ET </P>
<P>BAKERSFIELD, CA--(MARKET WIRE)--Jun 27, 2007 -- EXTREM E Motorsports of \
California, Inc. (Other OTC:ETMO.PK - News) ("EXT REME" 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, EXTREM E will not only be able to offer its customers \
direct financing of sandcar purchases, but will also be the first sandcar \
manufacturer <BR> <BR>As previously announced, in exchange for all of the capital \
stock of SOVS, EXT REME has paid $10,000 in cash and 15 million shares of EXTREM E \
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.</P>
<P>In the past, EXTREM E required customer down-payments at contract signing and \
final payment upon acceptance of the final vehicle, which required EXTRE ME to \
finance the 12-month or more build-out process through the operating cash flow of the
company. Now, EXTR EME 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 EXTR EME, both for direct purchases \
and for leased vehicles. This will provide EXT REME with immediate funding for the \
build-out of custom sandcars for private customers and "spec" vehicles for its \
dealers.</P> <P>"The acquisition of SOVS provides EXTREM E 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."</P>
<P>About E XTREME Motorsports of California, Inc.</P>
<P>EXTR EME
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, EXT
REME'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</P>
<P> </P>
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