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American Racing Capital, Inc. / ANRC Signs LOI with LJ&J Enterprises.


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 ("ARC"), (PINK: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 today it has signed a Letter of Intent (LOI LOI Letter of Indemnity (international trade and carriage business)
LOI Letter Of Intent
LOI Loss On Ignition
LOI Letter of Inquiry
LOI Lack Of Information
LOI Lack of Interest
LOI Letter of Invitation
LOI List Of Items
) with LJ&J Enterprises, ("LJ&J") for the first of several separate racetrack facility based projects that will operate under ARC ownership or control. The agreement serves as a conduit for as many as five separate Motorsport Multiplex See multiplexing.  based projects. This agreement with LJ&J is the first step of ARC's implementation of their mergers and acquisition strategy for 2007, diversifying the company's project portfolio enormously. "As we further develop these plans, some venues will utilize existing tracks while other sites will require new tracks to be constructed," said Bob Koveleski, President of ARC. All of the racing facilities will carry a fan-friendly theme, whereby the focal point focal point
n.
See focus.
 is the short-oval paved racetracks with additional on-site motor sports entertainment Sports entertainment is a type of of entertainment that takes the form of a sporting event, but with more emphasis on dramatic storylines, humor, spectacle or titillation than on a contest of athletic skills.  that would also include; drag strips, drifting (an advanced driving technique) road-racing courses, karting karting

Driving and racing miniature, skeleton-frame, rear-engine automobiles called karts or GoKarts. The sport originated in the U.S. in the 1950s after the first kart had been assembled from unwanted lawn-mower parts.
, motorcross, supercross, ATV (1) (Advanced TV) An early name for the digital TV standard proposed by the Advisory Committee on Advanced Television Service (ACATS). See ACATS. See also ATV Forum.

(2) (Analog TV) Refers to the NTSC, PAL and SECAM analog TV standads.
 and other appropriate recreational family fun zones. The landscape for M&A activity in the Motorsport arena is lucrative and numerous. "We feel with our management team and advisory board, we're going to be uniquely positioned to exploit these opportunities and build shareholder value."

About American Racing Capital, Inc.

American Racing Capital, Inc. (ARC) is a company specializing in motorsports and its strategy is to focus on several aspects of this industry. Through its subsidiaries, ARC will: 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; and Find and acquire motorsports companies to complement our other holdings. ARC's business also includes sponsorship activation services and motorsports product licensing agreements, which are highly specialized promotional services in this industry. ARC 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

About LJ&J Enterprises, Inc.

LJ&J Enterprises leases, owns and operates racing facilities in several states. Joe Mattioli III is the President of LJ&J and has been involved in racing management for over 35 years.

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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 14, 2006
Words:478
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