American Racing Capital, Inc. / ANRC Announces $500,000 in Short-Term Financing.

Paves the way to final closing on deal with Music City Motorplex 

SAN DIEGO -- American Racing Capital, (OTCBB: ANRC), a company specializing in the Motorsports Industry, announced today that the Company raised $500,000; and through its' subsidiary, Motorsports & Entertainment of Tennessee (MET), completed the last phase of a deal entered in November 2006 to purchase an 80% interest in LJ&J of Tennessee (LJ&J). LJ&J has management control over operations at Nashville's Music City Motorplex.

The Music City Motorplex racetrack facility is historically significant to the motorsports industry, having created a legacy of sending more drivers to NASCAR than any other race track in the country. Among the legendary drivers who have raced at the Nashville track include; Buck Baker, Lee Petty, Fireball Roberts, Donnie and Bobby Allison, Coo-Coo and Sterling Marlin and Darrell Waltrip. In addition to the 46 racing events throughout the year, the facility can hold special events such as concerts and other venues. On June 2 & 3 the racetrack hosted a second year of "DukesFest." Original cast members as well as 200 General Lees turned out to participate at this event, where a reported 60,000 people attended the weekend's festivities.

Joe Mattioli, President of LJ&J of Tennessee commented, "The completion of this transaction is an extremely exciting milestone for American Racing Capital. Moving forward, the Company will actively pursue additional ventures of this nature, capitalizing on the managements' expertise." Bob Koveleski, President and CEO of American Racing Capital stated, "Nashville represents the business model the Company is aggressively seeking in other regional projects alike for either management or ownership opportunities. The due diligence phase on these projects will undoubtedly separate the best prospects to enhance shareholder value."

About American Racing Capital, Inc.

American Racing Capital, Inc. is a company specializing in Motorsports and its strategy is to focus on several aspects of this industry. Through it's subsidiaries, American Racing Capital will; Acquire financial interests in several auto-racing facilities, Establish race management contracts at both existing and newly proposed racing facilities, Engage in the design, re-design, development and management of our wholly owned race tracks, Find and acquire motorsports companies to compliment our other holdings. The Company's business also includes motorsports sponsorship activation services and product licensing agreements, which are highly specialized promotional services in this industry. These programs entail introducing companies to multiple levels of; Race Driver, Race Team and Race Track sponsorship activities. American Racing Capital's mission is to help companies develop and build brand reputation using motorsports as a revenue-generating opportunity.

For more information visit - http://www.americanracingcapital.com

http://www.corporateevolutions.com/anrc.php

http://www.musiccitymotorplex.com

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 American Racing Capital Inc.'s reports that will be on file with the US Securities and Exchange Commission.