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Altrimega Health Corporation Set to Acquire Racing Business.


MYRTLE BEACH, S.C. -- Altrimega Health Corporation d/b/a Creative Holdings & Marketing (Pink Sheets:CRHM) announced today that it has signed a Letter of Intent with American Racing Capital, Inc. to acquire a 100% interest in the motor sport development operation spearheaded by renowned open wheel and sports car driver, Davy Jones Davy Jones, personification or spirit of the sea. The name is best known in the expression "Davy Jones's locker," meaning the bottom of the sea, to which drowned sailors go..

Terms of the agreement were not disclosed at this time and the acquisition is pending the signing of formal agreement and closing.

President John Gandy said today, "Creative's real estate operations are winding down in the Myrtle Beach area and the Company is searching for new opportunities. We are excited about the potential with American Racing Capital."

This press release contains "forward-looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in Altrimega Health Corporation reports that will be on file with the US Securities and Exchange Commission.
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Publication:Business Wire
Date:Sep 2, 2005
Words:199
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