DJRT for Nascar fans(I'm not one lol..)
B: Dale Jarrett Racing Adventure Doubles Sales and Profits for First 9 Months of
Fiscal Year ( PRNewswire-FirstCall )
CHARLOTTE, N.C., May 19, 2004 /PRNewswire-FirstCall via COMTEX/ -- The Dale
Jarrett Racing Adventure (OTC Bulletin Board: DJRT) announced today that its
9-month revenue and gross profit figures were double those of the same period
ending March 2003. Revenues for the nine months ending March 2004 were
$1,341,685 compared to $653,338 for March 2003. Gross profits were $846,404
compared to $301,758 for 2003.
According to Tim Shannon, President of Dale Jarrett Racing Adventure, "This
quarter was about solidifying our revenue base and increasing the ratio of our
operating profit to our revenues. I am pleased to say that we have successfully
accomplished that objective and can now look forward to working from a solid
base of corporate clients and successful retail venues. This will allow us to
continue to focus on growth and increasing profitability."
Nextel Cup Champions Dale and Ned Jarrett, NFL MVP Brett Favre and ARCA series
driver Jason Jarrett represent the school. Former Winston Cup Driver and
National TV Announcer Glenn Jarrett is Vice-President of Dale Jarrett Racing
Adventure, Inc. and involved in all aspects of the company.
DJRT is the only publicly traded driving school in the country and is dedicated
to increasing shareholders' investment value by providing our guests the
friendliest and most professional driving school in the world.
For more information on Dale Jarrett Racing Adventure visit
www.racingadventure.com or call 1-888-GO-RACE-1 (1-888-467-2231). For investor
information contact: Tim Shannon @ (704) 489-8001.
This press release may contain forward-looking statements within the meaning of
the Private Litigation Reform Act of 1995. Such forward-looking statements,
particularly as related to the business plans of Dale Jarrett Racing Adventure,
Inc. to gain market acceptance, are based on current expectations that involve a
number of risks and uncertainties. Actual results may differ materially from the
company's expectations and estimates.
SOURCE Dale Jarrett Racing Adventure
CONTACT: Tim Shannon of Dale Jarrett Racing Adventure, +1-704-489-8001
URL: racingadventure.com
prnewswire.com
Copyright (C) 2004 PR Newswire. All rights reserved.
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KEYWORD: North Carolina
INDUSTRY KEYWORD: SPT
AUT
OTC
SUBJECT CODE: ERN
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