American Racing Capital, Inc. / Joe Mattioli III becomes Major Shareholder.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 today that Joseph Mattioli III, recently named to American Racing Capital Inc.'s Board of Advisors, is now one of the largest shareholders of the Company. Currently working on Nashville's Music City Motorplex Music City Motorplex is a NASCAR Whelen All-American Series racetrack located at the Tennessee State Fairgrounds near downtown Nashville, Tennessee. The track is one of the oldest tracks in the United States. for American Racing Capital, the Company is moving forward on the next project together. Mr. Mattioli will be responsible for advising and growing the Company's racetrack development, acquisition activities, and providing counsel to further American Racing Capital's strategic growth. Mr. Mattioli's career spans over 35 years in managing the development and operations of motorsports and entertainment facilities, furthermore his expertise includes programming and marketing of special events for some of the nation's leading raceways. During his long career in racetrack management, Mr. Mattioli was associated with NASCAR-sanctioned Superspeedways and other tracks that include Pocono International Raceway, South Boston Speedway South Boston Speedway or "SoBo" is a race track located in South Boston, Virginia, U.S.A.. SoBo is located approximately sixty miles east of another area familiar to most NASCAR fans, Martinsville. It is owned by Dr. Joe Mattioli III, who also controls Pocono Raceway. , the Music City Motorplex, and The Washington D.C. Grand Prix Grand Prix n. pl. Grand Prix Any of several competitive international road races for sports cars of specific engine size over an exacting, usually risky course. . Mr. Mattioli served as President and COO of Pocono International Raceway, where he engaged in public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , sponsorship, marketing, concession operations, and facility management. Today, he continues to be a member of Pocono Raceway's Executive Committee and sits on their Board of Directors. Joseph Mattioli, stated, "I am thrilled to be part of American Racing Capital. The Company has a vision for a diverse project portfolio that ranges from developing large-scale racetrack multiplex travel destinations to smaller less elaborate track facilities. I'm looking forward to our second of many projects which we believe will contribute to the Company's success." Bob Koveleski, the President of American Racing Capital said, "I'm pleased to have such an astute and recognized individual in the motorsport industry on our team. Joseph Mattioli is known for his contributions to the sport and his hands-on work ethic work ethic n. A set of values based on the moral virtues of hard work and diligence. work ethic Noun a belief in the moral value of work . We are already seeing the added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
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 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. |
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