Extreme Motorsports Lays Out Plan for 2008
28 Marzo 2008 - 6:00AM
PR Newswire (US)
BAKERSFIELD, Calif., March 28 /PRNewswire-FirstCall/ -- Extreme
Motorsports of California, Inc. (Pink Sheets: EMOC) ("Extreme" or
the "Company") is pleased to announce some of the plans for 2008.
First and foremost, as many realize EMOC went through a
restructuring of the company's stock and completed a reverse split.
This reverse split, has called short sellers into account and
forced them to cover their positions, altered the daily trading
volume to a reasonable level for the size of our company and put
our price back into a range that truly reflects where we should be
and where we will be going in the future. In addition to the
restructuring of the company's stock, EMOC has made internal
changes to staff, brought in a new CFO, hired a new CPA, added
additional members to our board of directors and is in the process
of lining up some additional employees in preparation for our ESV
project. Our engineering department, although small, utilizes
services from some of the best mechanical & off-road engineers
in the U.S. We will be pursuing projects this year that involve
designing and manufacturing our own line of hubs and disk brakes as
well as our own line of machined parts to add to last year's Xtreme
Motorsports brand of parts already being manufactured. Back on the
board is our transmission project with intense focus on building a
superior transmission for the off-road industry. Last year after
thorough research, we decided to put the transmission project on
the back burner due to large production cost. This year through
additional research, we now know we can do this project for much
less than expected. Additional plans include the securing of new
equipment that will allow us to automate our facility with some
machines utilizing complete lights out manufacturing. Additionally
we are engineering additional improvements to our ESV project to
address specific requirements needed by various law enforcement
agencies. Finally, we have a new website developer and hosting
company we are working with to finalize our website for the
company. Our website will be down for a couple weeks to make some
needed changes but will be back up as soon as possible. All these
projects in addition to some new projects in the works will be
discussed in detail via future releases as we make progress. We
look forward to 2008 and the continued pursuit of building the
world's greatest sandcars +. About Extreme Motorsports of
California, Inc. Extreme Motorsports of California, Inc., operating
under the trade name "Xtreme Motorsports," is a manufacturer of
custom and production-line sandcars & offroad racecars. Founded
in 1983, Xtreme's sandcars have been sold to customers in England,
the United Arab Emirates, Australia, South America and the US. For
more information, visit the corporate web site
http://www.xmssandcars.com/. Forward-Looking Statements Certain
statements in this release, and other written or oral statements
made by the Company, including the use of the words "expect,"
"anticipate," "estimate," "project," "forecast," "outlook,"
"target," "objective," "plan," "goal," "pursue," "on track," and
similar expressions, are "forward-looking statements" and are
subject to known and unknown risks, uncertainties and other factors
that may cause actual results, performance, or achievements of the
company to be different from those expressed or implied. The
Company assumes no obligation and does not intend to update these
forward-looking statements and takes no obligation to update or
correct information prepared by third parties that are not paid for
by the Company. Investor Relations DATASOURCE: Extreme Motorsports
of California, Inc. CONTACT: Alan McCaa, +1-661-326-7263; or
Investor Relations, , both of Extreme Motorsports of California,
Inc. Web site: http://www.xmssandcars.com/
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