American Racing Capital, Inc. / ANRC Comments on Recent Stock Activity.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, commented today on the recent volatility in its stock price. The Company knows of no business condition or other reason to explain the recent decline in the price of its stock. Bob Koveleski, the President of American Racing Capital said, "There is absolutely no underlying business reason for this activity and down pressure on the stock. Our business plan is being implemented and the recent news has been nothing but positive. One of our foremost challenges is to maintain and improve shareholder value and the Company is currently examining what could have brought on this unprecedented drop in the stock." 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 spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. 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 entail, in law, restriction of inheritance to a limited class of descendants for at least several generations. The object of entail is to preserve large estates in land from the disintegration that is caused by equal inheritance by all the heirs and by the ordinary 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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