HENDERSON, NV, April 15 /PRNewswire-FirstCall/ - American Racing
Capital Inc. (AMRA; http://www.americanracingcorp.com) targets two
North American auto Enhancement and Reproduction Companies who also
manufacture service and maintain car kits, and auto replicas.
Resale of collectibles is another profit centre for the
company.
The interim management is working diligently to raise the
Company from in Distress position. This is well under way. The
issuer has instructed its mergers and acquisition firm to seek out
suitable candidates to invigorate the company, and to bring value
to shareholders thus remaining true to its name: Racing.
A source close to the company said, "We are mindful that
shareholders who have lost all hope in AMRA are now starting to
take a second look at their portfolios. AMRA is alive and doing
well. We hit a small bump in the road but now we are back on track
and in between shifting gears. We wish we could release the names
and identities of these targeted companies now, however there are a
few details and logistical matters being attended to before that
next logical step."
In summary, the first targeted merger candidate specializes in
manufacturing of exotic and specialty collectible type cars, and
reproduction or kit cars. This merger candidate has been in
business for many years and possesses substantial assets and
revenues.
The second merger candidate focuses on performance improvement
type peripherals, real enhancements of muscle cars, British rare
and exotics. As such, they have developed a strong brand name in
this unique business field. Needless to say both prospects are
showing great prospects for the future.
Both merger candidates have some of the best established trades
and markets, and are followed by a large clientele. The core
quality of this unique market is reliability. This market relies on
the collectors - returning customers, driven by their passion for
these products.
The two merger candidates represent a great opportunity for AMRA
to get back onto the board. The company will inform the public
about all developments regarding these opportunities on a timely
basis.
The company reminds our shareholders and followers to monitor
PinkSheets.com Filing Section and also our IR company web site
section "PRESS RELEASES AND FILINGS" TAB
http://www.minamargroup.net/ for non news worthy corporate
updates.
For any matters relating to retail investor queries or to send
IR or the company a message please click on the "INVESTOR SUPPORT"
TAB or this direct link http://www.minamargroup.net/helpdesk.
Don't be a victim. Report a stock basher. The company is mindful
that short sellers, the company competitors and stock bashers stalk
small cap Pink Sheets listed companies with hidden agendas. Visit
http://www.stockbasher.com/ and find out what criminal and civil
actions the US authorities are taking against web sites like
investorshub.com and other posters, and the remedies available to
you as an individual investor.
Filings for this event are currently being reviewed and will be
filed with Pink Sheets and Client Support Section in due course. To
be included in company's email database for press releases,
industry updates, and non-weekly activity at the company that may
or may not be news released, please subscribe or opt in mailer at
http://www.minamargroup.com/updates.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of American
Racing Capital Inc. that constitute forward-looking statements for
purposes of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be",
"expects", "may affect", "believed", "estimate", "project" and
similar words and phrases are intended to identify such
forward-looking statements. American Racing Capital Inc. cautions
you that any forward-looking information provided by or on behalf
of American Racing Capital Inc. is not a guarantee of future
performance. None of the information in this press release
constitutes or is intended as an offer to sell securities or
investment advice of any kind. American Racing Capital Inc.'s
actual results may differ materially from those anticipated in such
forward-looking statements as a result of various important
factors, some of which are beyond American Racing Capital Inc.'s
control. In addition to those discussed in American Racing Capital
Inc.'s press releases, public filings, and statements by American
Racing Capital Inc.'s management, including, but not limited to,
American Racing Capital Inc.'s estimate of the sufficiency of its
existing capital resources, American Racing Capital Inc.'s ability
to raise additional capital to fund future operations, American
Racing Capital Inc.'s ability to repay its existing indebtedness,
the uncertainties involved in estimating market opportunities, and
in identifying contracts which match American Racing Capital Inc.'s
capability to be awarded contracts. All such forward-looking
statements are current only as of the date on which such statements
were made. American Racing Capital Inc. does not undertake any
obligation to publicly update any forward-looking statement to
reflect events or circumstances after the date on which any such
statement is made or to reflect the occurrence of unanticipated
events.
CONTACT: For any investor relations matters, please contact
www.minamargroup.net/helpdesk; Investor Relations Department
Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate
Matters, www.minamargroup.com
SOURCE American Racing Capital Inc. (AMRA)