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American Racing Capital Closes Agreement.


MYRTLE BEACH, S.C. -- 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. (Pink Sheets: ARGC (ARGumentC) In a C program, the variable that contains the number of parameters (argument count) added to the command line when the program was run. If argc is greater than 0, then the contents of the argument variables (argv[1], argv[2], etc.) are evaluated. See argument. ) announced today that it closed a Share Exchange Agreement with American Racing Capital a holding company comprised of Fast One, Inc. and Davy Jones Davy Jones, personification or spirit of the sea. The name is best known in the expression "Davy Jones's locker," meaning the bottom of the sea, to which drowned sailors go.  Motorsports.

The Company had previously changed its own name to American Racing Capital From Altrimega Health as a condition of closing.

John Gandy Gandy may refer to: People
  • Dylan Gandy, American football player
  • Helen Gandy, American civil servant
  • John Peter Gandy, British architect
  • Joseph Michael Gandy, British artist
  • Kim Gandy, American feminist activist
 and Davy Jones said today in a joint statement, "We are excited about this new direction for the Company. With the motor sports business seeing explosive growth, there are many businesses that need help getting involved in the opportunities that are now available. We want to use our experience and inside connections to support these new ventures."

American Racing Capital Inc. (www.americanracingcapital.com) has set forth a mission to fund and acquire companies seeking to utilize motorsports as revenue-generating promotional opportunities. ARC's companies offer inside access to race team and event sponsorship marketing services. In addition, ARC offers consulting on design and build-out of new race track developments or upgrading of current facilities. Motorsports offers corporations strong branding opportunities to promote and sell products and services. This industry is a revenue vehicle for corporations who spend hundreds of millions of dollars to sell billions of dollars of products.

This press release contains "forward-looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended a·mend  
v. a·mend·ed, a·mend·ing, a·mends

v.tr.
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.

2.
, 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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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 18, 2005
Words:298
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