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RACG- Automotive Performance Group-otc bb
From the la times business section page d11 title BOYDS WHEELS PLAN WOULD BLOCK CONTROL BY NAMESAKE
Creditors of bankrupt custom wheel maker Boyds Wheels inc. filed a reorganization plan tuesday that would block famed hot-rod builder Boyd Coddington from regaining control of the stanton-based
company.
The new plan would put a resurrected boyds wheels under the
control of an auto racing and performance parts company run by
ANDREW EVANS, A CLOSE PERSONAL FRIEND AND
LONGTIME FINANCIAL ADVISOR TO SOFTWARE
BILLIONAIRE BILL GATES. ................
AND WITH GATES, SET UP A MANAGEMENT FUND THAT HANDLES MANY OF THE MICROSOFT CHAIRMANS INVESTMENTS.HE AND GATES HAVE BEEN CLOSE FRIENDS
SINCE 1978, AND GATES IS GODFATHER TO ALL THREE OF EVANS' CHILDREN.....
ARTICLE DOESNT GIVE NAME OF MANAGEMENT FUND
EVANS RUNS FOR GATES WITH GATES PERSONAL MONEY.
BUT IN SEC FILING OF
RACG-AUTOMOTIVE PERFORMANCE GROUP
HERE IS TWO EXCERPTS
SOUNDS LIKE THE THREE FUNDS EVANS MANAGES HOLD 93% OF ALL THE STOCK IN RACG
ITEM 1. CHANGES OF CONTROL OF REGISTRANT.
Prior to the Merger, there were 7,833,902 common shares and no preferred shares
of the Registrant issued and outstanding. Pursuant to the Merger, there were
issued 108,930,887 common shares and no preferred shares to the shareholders of
IMSG-H pro rata. As of the Effective date, there were 116,764,789 shares issued
and outstanding, of which 93.3% were held by former shareholders of IMSG-H, and
6.7% were held by previous shareholders of the Registrant. In addition, previous
.
Effective on the Merger date, the shares issued and outstanding were reduced 20
to 1; said reduction also applied to all shares subject to warrants and options.
Therefore, immediately after the Effective date there were 5,838,239.45 shares
outstanding.
*************
Three shareholders of IMSG-H controlled most of the shares. Those shareholders
are all under the effective direction of Andrew Evans. Those shareholders are
Dominion Income Management, Inc., Dominion Income Management, Inc. Profit
Sharing Plan, and Maritime Capital Partners, LP.
IS ONE OR MORE OF THESE THREE MANAGEMENT FUNDS BILL GATES BILLIONS.
ARTICLE SAID EVANS MANAGES GATES INVESTMENTS IN MGMT. FUND
DOES EVANS MANAGE ANY OTHER FUNDS BESIDES THESE THREE????
MAYBE THIS WILL HELP.
ANDREW L. EVANS, CHAIRMAN OF THE BOARD AND PRESIDENT OF APG, AND PRESIDENT OF
TEAM SCANDIA. In addition to his duties on behalf of Automotive Performance
Group, Inc., and Team Scandia, Mr. Evans is the President and Chairman of the
Board of Dominion Income
Management Corp. which he founded in 1986. Dominion invests primarily in the
equity securities of both public and private companies.
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SMALL CAP APPLICATION COMING IN FALL
Automotive Perfomance Group Completes $3.3 Million Private Placement
Business Wire - August 24, 1998 10:21
TEMPE, Ariz.--(BUSINESS WIRE)--Aug. 23--Automotive Performance Group, Inc. (OTCBB: RACG), a full-service owner and operator of high performance automotive businesses and brands, announced today that it has completed the private placement sale of 1.65 million shares of series A preferred stock for $3.3 million.
In the fall, APG plans to file form SB-2, a registration statement under the Securities Act of 1933, with the Securities and Exchange Commission to enable the series A preferred shares to be converted to registered APG common stock. This conversion will fulfill the final requirement necessary for APG to file for trading on the NASDAQ smallcap market.
"I am very pleased by the institutional support APG has received," said Andrew Evans Chairman and President of APG. "We look forward to an increase in the number of active APG shareholders as we grow into one of the nation's leaders in automotive brands and high performance products."
The private placement was managed by KSH Investments of New York, N.Y.
Automotive Performance Group is a full-service owner and operator of a variety of high performance automotive businesses including Royal Purple Motor Oil, which produces synthetic oil and chemical products favored by many racing teams and manufacturers, and Klein Engines and Competition Components, Inc., a leading manufacturer of high performance engines. In addition, APG owns Team Scandia, which last year became the second team in history and the first in a quarter century to record victories in three major North American racing series in the same year. Team Scandia won the 12 Hours of Sebring (Sports Car road racing), the Mopar Parts Nationals at Englishtown, N.J. (NHRA Top Fuel drag racing), and the Las Vegas 500K (IRL Indy car racing) in 1997. APG owns 50 percent of Scandia Bodine Racing, a competitor on the prestigious NASCAR Winston Cup stock car racing circuit. APG also has marketing and personal services agreements with its contracted drivers Jimmy Kite, Cristen Powell and Brett Bodine.
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Automotive Performance Group Retains the Wall Street Group as Financial Public Relations Firm
Business Wire - September 18, 1998 14:43
TEMPE, Ariz.--(BUSINESS WIRE)--Sept. 18, 1998--AUTOMOTIVE PERFORMANCE GROUP (APG), INC. (OTC BB: RACG), a full-service owner and operator of high performance automotive businesses and brands, announced today that it has engaged The Wall Street Group, Inc. to provide financial public relations services for the Company.
Under the agreement, The Wall Street Group will afford strategic counsel to APG, and provide informative and timely communication with the investment community.
"As Automotive Performance Group moves forward as a company, we recognize the need to keep our shareholders informed and to develop additional support from institutions and individuals," said Andrew Evans, President and Chief Executive Officer of APG. "After extensive discussions and much consideration, we are pleased to have selected The Wall Street Group to help APG achieve these goals. We are confident that The Wall Street Group's exceptional reputation and track record will enable APG to maximize value for our shareholders as we continue to grow."
Founded 39 years ago, The Wall Street Group, Inc. is the nation's oldest firm specializing in the development of investment community sponsorship for the shares of growth companies.
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TAKEOVER SPECIALIST NEW CHAIRMAN OF THE BOARD
Automotive Performance Group, Inc. Appoints Dean M. Willard Chairman of the Board; Andrew L. Evans to Remain President, CEO and Director.
Business Wire - September 23, 1998 08:55
TEMPE, Ariz.--(BUSINESS WIRE)--Sept. 23, 1998--AUTOMOTIVE PERFORMANCE GROUP, INC. (OTC BB: RACG), a full-service owner and operator of high performance automotive businesses and brands, announced today that it has elected Dean M. Willard to serve as Chairman of its Board of Directors, and as Chairman of its Executive Committee, bringing to nine the number of Members on its Board.
Andrew L. Evans, who was previously Chairman of the Board, will remain President and Chief Executive Officer, as well as a Director of the Company.
Said Mr. Evans: "We are honored to have a distinguished and seasoned executive as Mr. Willard lead our Board. His vast experience will be invaluable as we continue the growth strategy for Automotive Performance Group."
Mr. Willard is the principal owner of Willard Associates, Inc., a consulting company, and a principal shareholder in Advanced Chemistry & Technology, Inc., Garden Grove, California. He is also a Member of the Board of Directors of American Pacific Corporation, Las Vegas, Nevada (NASDAQ: APFC).
From 1989 to 1995, Mr. Willard served as Chief Executive Officer of Courtaulds Aerospace, Inc., Glendale, California. Courtaulds was formed in 1989 following the acquisition of Products Research & Chemical Corporation (PRC), a New York Stock Exchange company, of which Mr. Willard was the President and Chief Executive Officer from 1972 to 1989. Courtaulds Aerospace currently employs some 2,000 employees and has revenues of $300 million with operations in 17 countries.
During his tenure at PRC, a chemical products company serving the worldwide aerospace market, Mr. Willard had grown revenues to a highly profitable $125 million with 1200 employees when it was acquired in 1989 by Courtaulds Plc, London, England, for $325 million, or 32 times earnings and three times revenues. For the two years preceding the acquisition, PRC had been selected by Forbes as one of the best small companies in America. The Company management maintains a unique relationship with its employees and established the first ESOP of a public company in California.
"I am delighted to be working with the Board of APG and look forward to contributing to its future growth as we position the Company as a successful 'brands' entity," stated Mr. Willard.
Under Mr. Willard's leadership, PRC made some very important contributions to U.S. military technology, by developing for McDonnell Douglas radar absorbing coatings for America's stealth bomber, as well as sonar attenuation for the U.S. submarine program.
Mr. Willard had directed a very successful acquisition program at PRC having completed more than a dozen acquisitions in its final ten years of business. He had secured numerous financial relationships with such Wall Street investment banking firms as Merrill Lynch, Prudential, Dean Witter, and others, raising public funds through primary and secondary offerings.
Prior to his career with PRC and Courtaulds, Mr. Willard was a Senior Accountant with Price Waterhouse from 1968 to 1972.
Mr. Willard, 52, is a Certified Public Accountant with a B.S. Degree from California State University, Long Beach. He has received numerous awards and honors including Honorary Fellow UCLA College of Letters and Sciences, awarded Nobel Prize Replies by Nobel Laureate Donald Cram for contributions to the Department of Chemistry at UCLA, and was appointed by President Ronald Reagan to represent him with the Simi Valley Community to oversee the Presidential Library.
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CFO APPOINTED
Automotive Performance Group, Inc. Names Tammy Marie Powers Chief Financial Officer
Business Wire - September 24, 1998 09:37
TEMPE, Ariz.--(BUSINESS WIRE)--Sept. 24, 1998--AUTOMOTIVE PERFORMANCE GROUP, INC. (OTC BB:RACG), a full service owner and operator of high performance automotive businesses and brands, announced today that it has appointed Ms. Tammy Marie Powers as Chief Financial Officer.
Commenting on the appointment, Andrew L. Evans, President and CEO, said, "Ms. Powers' background in the public company arena is well suited to the needs of APG. She is filling an important post at the Company as we continue our growth strategy."
Prior to joining APG, Ms. Powers was Chief Financial Officer and Corporate Secretary for Unitech Industries, Inc., a public company which designs, manufactures and distributes portable power supplies, where her responsibilities included all SEC reporting requirements, handling of investment banking relationships and investor relations activities.
Before that, Ms. Powers spent five years with Deloitte & Touche, LLP, as Audit Manager handling a wide variety of public clients regarding SEC compliance reporting requirements.
Said Ms. Powers: "I am very excited about joining the APG team and I am looking forward to the challenge of contributing to its growth and success."
Ms. Powers, a Certified Public Accountant, received a Bachelor of Science in Accounting, Magna Cum Laude from The University of Arizona, Tucson. |
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