Printer Friendly
The Free Library
14,506,428 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Thoroughbred Interests, Inc. Announces Upcoming Runners and Corporate Update.


Business Editors

LOUISVILLE, Ky.--(BUSINESS WIRE)--June 27, 2003

Thoroughbred Interests, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: TBIN TBIN The Bolton Information Network ) announced today that Della Francesca, of which it owns a minority interest and Soldier Song, of which it owns a majority interest are scheduled to race next week at Churchill Downs Churchill Downs, Ky.: see Louisville. . Churchill Downs Spring Meet which annually hosts the running of the Kentucky Derby Kentucky Derby

One of the classic U.S. Thoroughbred horse races. It was established in 1875 and run annually on the first Saturday in May at Churchill Downs track in Louisville, Ky. With the Preakness and the Belmont Stakes, it makes up U.S. racing's coveted Triple Crown.
 officially ends on Sunday July 6th.

Della Francesca, a well bred Of a good family; having a good pedigree.
Well brought up, as shown in having good manners; cultivated; refined; polite.
- Shak.

See also: Bred Bred
 4 year old son of Danzig and out of the multiple graded producer La Affirmed mare is half brother to 4 other stakes winners including Berstein, a Kentucky based stallion, Country Cat and Caress. Della Francesca, who won an allowance race earlier this year at the Gulfstream Park Gulfstream Park Racing & Casino is a racetrack and county-approved racino in Hallandale Beach, Florida, in the United States. During its annual meet, which spans January through March, it is one of the most important venues for horse racing in America.  Winter Meet ran 3rd last year to Rock of Gibraltar in the Group 1 Irish 2000 Guineas. Rock of Gibraltar who ran a fast closing 2nd in the Grade 1 - $1,000,000 Breeders Cup Mile to Domedriver was generally considered one of the top turf horses in the world during 2002. Della Francesca won the Group 3 Gallinule Stakes The Gallinule Stakes is a Group 3 flat horse race in the Republic of Ireland for three-year-old thoroughbreds. It is run over a distance of 1 mile 2 furlongs (2,012 metres) at the Curragh in late May.  in Ireland last year.

Soldier Song is a 4 year old son of Lost Soldier who has been competing in grass allowances races for most of 2003. Both horse interests were acquired last summer by the Company and both are trained by Niall O'Callaghan.

Additionally, the Company plans on announcing either next week or the week of July 7th its 2003 second half corporate initiatives, including additional pinhook prospects as well as other potential corporate growth and/or possible restructuring.

ABOUT THE COMPANY

Louisville, Kentucky based Thoroughbred Interests, Inc. core business is acquiring undervalued Undervalued

A stock or other security that is trading below its true value.

Notes:
The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating.
 thoroughbred horses and reselling them either as yearlings, two-year-olds in training or as a racing prospect. This is commonly referred to in the Thoroughbred Industry as "pinhooking". Management of the Company has established a network of experienced industry veterans to serve as advisors and to assist in seeking and assessing potential undervalued opportunities. Generally, the horses are acquired at public auctions managed by the leading auction companies such as Keeneland, Fasig Tipton and Ocala Breeders Sales Company. After being bought, the horses are boarded at top training centers and farms to be prepped for resale throughout the United States. Typically, the horses are resold within 6-8 months of being acquired or placed in training as a racing prospect with a top trainer. The Company presently has horses being trained by Niall O'Callaghan and has previously had horses trained by perennial leading trainers Steve Asmussen, Scott Lake and Jerry Hollendorfer. They were ranked respectively #2, #1 and #3 in the country by trainer wins in 2003 through June 26th according to The Daily Racing Form The Daily Racing Form, LLC (DRF) is a broadsheet newspaper founded in 1894 in Chicago, Illinois by Frank Brunell. The paper publishes the past performances of race horses as a statistical service for bettors on horse racing in the United States. .

SAFE HARBOR 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.
 PROVISIONS

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates", "expects", "feels", "intends", "plans", "believes", "seeks", "estimates", "scheduled" or variations of such words are intended to identify such forward-looking statements. All forward-looking statements made in this press release are made as of the date hereof, and the Company assumes no obligation to update the forward-looking statements included in this news release whether as a result of new information, future events, or otherwise. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Please refer to the Company's Form 10K and other filings with the SEC for additional information regarding risks and uncertainties, including, but not limited to, the risk factors listed from time to time in such SEC reports. Copies of these filings are available through the SEC's electronic data gathering analysis and retrieval system (EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. ) at "http://www.sec.gov".
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Jun 27, 2003
Words:665
Previous Article:Fitch Rates City of Philadelphia, Pennsylvania TRANs 'F1+'.
Next Article:Fitch Rates Morgan Stanley ABS Capital I Inc. Trust Series 2003-NC6.



Related Articles
SANTA ANITA HANDICAP: BIG 'CAP LOOKING AT BIG FIELD OF 14.(Sports)
BURBANK TEEN 2ND IN CONTEST.(News)
A REAL HORSE TRADE; CHURCHILL DOWNS BUYS HOLLYWOOD PARK.(SPORTS)
HORSE RACING BADLY LACKS HISTORY BOOK.(SPORTS)
SANTA ANITA ON NEW TRACK : SHARES UP ON NEWS OF PARTNERSHIP DEAL.(BUSINESS)(Statistical Data Included)
MALES FAIL? AZERI MUST REIGN.(Sports)
TEN MOST WANTED IS CHALLENGER NO. 1.(Sports)(Statistical Data Included)
Churchill Downs and the Kentucky Derby Museum.
The Blood-Horse Authoritative Guide To Auctions.(Brief Article)(Book Review)
HORSE RACING GIACOMO AT DEL MAR.(Sports)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles