Here you go again...lmaooooo.Now watch ANRC ride up ovr $2.00 just like SWRI did.....
ANRC.OB
Current Price .70 x .71
Approx. tradable float is 4.9m
Just moved off the pink sheets on March 7th:
American Racing Capital,a company specializing in the Motorsports Industry, announced today that its common stock has been approved for listing on the NASDAQ Over the Counter Bulletin Board, and will commence trading on March 7, 2007."The listing of our stock on the NASDAQ Over the Counter Bulletin Board market represents the first of several building blocks to position American Racing Capital, Inc. for future growth," Bob Koveleski, President of American Racing Capital, Inc. states. "We have met a major milestone for our Company and our shareholders. The OTC Bulletin Board provides our shareholders with a platform for greater liquidity and transparency.
ANRC Ready to Purchase Final Stake in Management of Nashville's Historic ''Music City Motorplex''
On May 10th ANRC announced that the remainder of the due diligence on the Music City Motorplex in Nashville has been completed including all accounting, and that the Company expects to close on the final phase in the very near future. As previously reported, American Racing Capital entered into a contract through its majority-owned subsidiary, Motorsports & Entertainment of Tennessee ("MET"), to purchase a majority share of LJ&J Enterprises of Tennessee Inc.("LJ&J). LJ&J controls and manages the daily operations at Tennessee's legendary Music City Motorplex. The first phase of that contract went into effect on January 1, 2007.
Under the terms of the agreement, MET will be the managing company in control of all auto-racing at the facility. In addition to racing, MET through contracts executed by LJ&J, can hold concerts and other special events, and will have the rights to the sale of all food, beverage and merchandise concessions at the track.
"With an incredible history, Music City Motorplex has created a legacy of sending more drivers to NASCAR than any other track in the country," Bob Koveleski, president of American Racing Capital states. "Among the legendary drivers who have raced at the Nashville track include; Buck Baker, Lee Petty, Fireball Roberts, Donnie and Bobby Allison, Coo-Coo and Sterling Marlin and Darrell Waltrip. Our affiliation with the Music City Motorplex is a great opportunity for American Racing Capital to expand its services and capabilities, and a chance for us to become part of racing history."
More about ANRC:
American Racing Capital, Inc. (ARC) is a company specializing in motorsports and its strategy is to focus on several aspects of this industry. Through its subsidiaries, ARC will; 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 motorsports companies to compliment our other holdings. ARC's business also includes sponsorship activation services and motorsports product licensing agreements, which are highly specialized promotional services in this industry. ARC 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.
Auto Racing growth in America is astounding and ANRC is positioning themselves to grab a sizeable piece of the pie:
Auto Racing is a colorful, glamorous and success-oriented sport. Like today’s business world, it demands dedication, preparation, teamwork and a fierce will to win. American Racing Capital has positioned itself to build a strong network of companies in the motorsport industry.
Auto Racing has become a national phenomenon. It’s surging popularity over the last 10 years has been unprecedented and is now, the number one spectator sport in America. Racing is the only major sport that has shown growth continuously throughout the 90’s. In fact, in just the last five years, Auto Racing has been the fastest growing sport in the world. (Sports Business Journal)
Well over one-third of the adult population from coast-to-coast are racing fans. Fans, both male and female, come from all occupations: science and engineering, sales and marketing, business owners, executives and the trades.
More than 20 million fans attend motorsports events annually. Tens of millions more are reached weekly via television, radio, print and Internet-based media. We have been told that motorsports influences well over 300 million annually.
Given its high profile, auto racing is no longer just a sport. It is a business – a very big business, and one of the hottest marketing vehicles for companies to invest marketing and advertising dollars. This is the reason more Fortune 500 companies are actively involved in Auto Racing than any other sport.
The September 5th, 2005 issue of FORTUNE Magazine featured cover story called racing; ”America’s Fastest Growing Sport”. The article goes on to say…” TV ratings are soaring, corporate money is flowing and crowds just keep getting bigger.” The article also stated several CEO’s find racing their best return on investment in professional sports!
The strength of racing, its widespread appeal and the ability to reach a large number of people are a formula for success. As a multifaceted motorsports holding company, American Racing Capital is positioned to capitalize on the future growth of the auto racing industry – and its considerable economic rewards.
Website for ANRC: americanracingcapital.com
Cheers fella,
SP |
