American Racing Capital, Inc. / ANRC Announces $700,000 in Financing.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- American Racing American Racing Equipment Inc. is a high performance after-market wheel manufacture started during the American muscle car era. History American Racing was founded by Romeo Palamides, a drag racer, J.O. Capital Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ANRC ANRC Autoritatea Nationala de Reglementare in Comunicatii (Romania) ANRC American National Red Cross ANRC Alaska Native Regional Corporation ANRC Arkansas Natural Resources Commission (Little Rock, AR) ), a company specializing in the motorsports industry, announced that it has received $700,000 in equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. . This financing represents the final allotment of the $2 million funding that was approved and secured by a 6% note maturing on July 25, 2009. The capital will help American Racing Capital move forward in executing its business plan. 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, Inc. intends to; Acquire financial interests in several well established auto racing facilities, Establish race management contracts at existing racing facilities and newly proposed facilities, Engage in the design, re-design, and development and management of our wholly owned race tracks, Find and acquire companies to compliment our other holdings. The Company's business also includes sponsorship activation services and motorsports product licensing agreements, which are highly specialized promotional services in this industry. American Racing Capital, Inc. helps companies develop and build brand reputation using motorsports as a revenue-generating opportunity. Programs entail introducing companies to multiple levels of; Race Driver, Race Team and Race Track exposure. For more information visit - http://www.americanracingcapital.com http://www.corporateevolutions.com/anrc.php 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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