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They sold 5M shares to send the mailers? Or did they 5M worth of stock to send the mailers. The share structure looks pretty good.
OT: GHLT anyone own it?
Looks like it's been revived. LAZARUS!
If MSEP owns 100% of the new companies how is it a scheme to sell stock. Sounds like it's just creating 4 new subsidiaries with there own stock structure. Not sure what this exactly means.
MSEP - MotorSports Emporium Upgrades Business Model; New Strategic Direction Offers Greater Potential for Growth
MotorSports Emporium Inc. (OTCBB: MSEP) announced today the company is upgrading its business model based on the intent to provide a greater return and more opportunity to its shareholders. The new strategy will fully leverage the various assets of MSEP. MotorSports Emporium (the "parent") is organizing its subsidiaries and operating divisions into separate corporations that will be solely owned by the parent company.
Upon completion of the incorporation of its subsidiaries and operating divisions, the parent company shall own 100% of the following corporations: (1) Quadriga MotorSports Inc. (100 million shares authorized), (2) Scottsdale Die Cast Inc. (100 million shares authorized), (3) Pit Stop Studios Inc. (100 million shares authorized), and (4) Drivers Digs Inc. (100 million shares authorized).
"Our new strategy concentrates on expansion and innovation through the targets of motor sport spectators, sponsors and drivers, each needing the other to be successful. We plan to utilize the unique products and services of the various divisions and subsidiaries of MSEP to grow operations and increase shareholder value," said David Keaveney, president and CEO of MotorSports Emporium Inc.
One in three adults consider themselves race fans. There are more than 100 million racing enthusiasts in the United States with 40% spending nine or more hours per week on race-related activities. "Auto racing is the fastest growing spectator sport and is second only to the NFL in popularity. MSEP taps directly into the passion of this market with its current product line and planned services," said Keaveney.
The trend for the motor sports industry is to specialize. MSEP's new strategy is consistent with that market segmentation. By creating independent entities under one parent umbrella, MSEP is still able to maintain synergy across its sister companies, while each grows virally as an independent entity. The intent of the new strategy is to create independent management, sales and operation teams to focus solely on the growth of each independent company. Additionally, as independent companies, each is able to leverage different merger and acquisition opportunities without compromising the capitalization structure of the parent company. This will give each subsidiary stronger negotiating power to participate in the M+A process. Lastly, as each company under the umbrella of MotorSports Emporium grows domestically and internationally, it will be presented with possible corporate finance options on its own. This will provide necessary growth capital for the subsidiary as well as placing tangible assets on the balance sheet of the parent company.
Keaveney continued, "Through our various divisions MSEP can cross pollinate opportunities from within our organization to increase revenues at little or no cost. Our die cast model car business, ScaleCars, will become more specialized focusing on higher end larger profit margin items catering to more discriminating buyers. DriversDigs, race-worn signature memorabilia, will become more active as we enter into more agreements with drivers/teams. The art-related business of PitStopStudios will focus more specifically on action shots and still work of our growing base of drivers/teams. Quadriga MotorSports will be the outlet of new consumer products developed especially for drivers under their own brand."
As the controlling shareholder of each of these subsidiaries, the financials of the independent companies flow up to the parent. However, by creating these separate entities, each will be able to accelerate growth by focusing on its simplified business model. This strategy will allow each brand to grow autonomously, attract stronger management and sales teams, evaluate more merger and acquisition candidates, and fund themselves, for growth, without diluting the parent company. Ultimately, it is the continued mission of the board and management team to maximize shareholder value by fully leveraging the assets, knowledge, expertise and potential of the company.
"We have learned a lot since our reorganization in December 2004 and know that we have to broaden our product and service lines to profit in this lucrative and exciting marketplace. Our interaction with spectators, drivers and sponsors has shown we can provide a very necessary service. We plan to build upon the skills, relationships and knowledge to increase value for our shareholders. We are very optimistic about our marketing strategy, financial goals and business development," concluded Keaveney.
About MotorSports Emporium Inc.
MotorSports Emporium Inc. is a fast-track, multifaceted and diversified company in the motor sports industry targeting INDY, NASCAR, Formula 1, and other racing series, spectators, classic car, and high-performance auto enthusiasts, professional and amateur mechanics, and discriminating consumers in search of high-quality auto parts and accessories. MotorSports Emporium reaches consumers through mass market retailers, auto parts suppliers, home television shopping networks, infomercials, industry and consumer trade shows, and consumer direct advertising (television, magazine and Internet). For more information, visit www.motorsportsemporium.com.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests, and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
MotorSports Emporium Inc., Scottsdale
David Keaveney, 480-596-4002
davidk@motorsportsemporium.com
MotorSports Emporium Upgrades Business Model; New Strategic Direction Offers Greater Potential for Growth
MotorSports Emporium Inc. (OTCBB: MSEP) announced today the company is upgrading its business model based on the intent to provide a greater return and more opportunity to its shareholders. The new strategy will fully leverage the various assets of MSEP. MotorSports Emporium (the "parent") is organizing its subsidiaries and operating divisions into separate corporations that will be solely owned by the parent company.
Upon completion of the incorporation of its subsidiaries and operating divisions, the parent company shall own 100% of the following corporations: (1) Quadriga MotorSports Inc. (100 million shares authorized), (2) Scottsdale Die Cast Inc. (100 million shares authorized), (3) Pit Stop Studios Inc. (100 million shares authorized), and (4) Drivers Digs Inc. (100 million shares authorized).
"Our new strategy concentrates on expansion and innovation through the targets of motor sport spectators, sponsors and drivers, each needing the other to be successful. We plan to utilize the unique products and services of the various divisions and subsidiaries of MSEP to grow operations and increase shareholder value," said David Keaveney, president and CEO of MotorSports Emporium Inc.
One in three adults consider themselves race fans. There are more than 100 million racing enthusiasts in the United States with 40% spending nine or more hours per week on race-related activities. "Auto racing is the fastest growing spectator sport and is second only to the NFL in popularity. MSEP taps directly into the passion of this market with its current product line and planned services," said Keaveney.
The trend for the motor sports industry is to specialize. MSEP's new strategy is consistent with that market segmentation. By creating independent entities under one parent umbrella, MSEP is still able to maintain synergy across its sister companies, while each grows virally as an independent entity. The intent of the new strategy is to create independent management, sales and operation teams to focus solely on the growth of each independent company. Additionally, as independent companies, each is able to leverage different merger and acquisition opportunities without compromising the capitalization structure of the parent company. This will give each subsidiary stronger negotiating power to participate in the M+A process. Lastly, as each company under the umbrella of MotorSports Emporium grows domestically and internationally, it will be presented with possible corporate finance options on its own. This will provide necessary growth capital for the subsidiary as well as placing tangible assets on the balance sheet of the parent company.
Keaveney continued, "Through our various divisions MSEP can cross pollinate opportunities from within our organization to increase revenues at little or no cost. Our die cast model car business, ScaleCars, will become more specialized focusing on higher end larger profit margin items catering to more discriminating buyers. DriversDigs, race-worn signature memorabilia, will become more active as we enter into more agreements with drivers/teams. The art-related business of PitStopStudios will focus more specifically on action shots and still work of our growing base of drivers/teams. Quadriga MotorSports will be the outlet of new consumer products developed especially for drivers under their own brand."
As the controlling shareholder of each of these subsidiaries, the financials of the independent companies flow up to the parent. However, by creating these separate entities, each will be able to accelerate growth by focusing on its simplified business model. This strategy will allow each brand to grow autonomously, attract stronger management and sales teams, evaluate more merger and acquisition candidates, and fund themselves, for growth, without diluting the parent company. Ultimately, it is the continued mission of the board and management team to maximize shareholder value by fully leveraging the assets, knowledge, expertise and potential of the company.
"We have learned a lot since our reorganization in December 2004 and know that we have to broaden our product and service lines to profit in this lucrative and exciting marketplace. Our interaction with spectators, drivers and sponsors has shown we can provide a very necessary service. We plan to build upon the skills, relationships and knowledge to increase value for our shareholders. We are very optimistic about our marketing strategy, financial goals and business development," concluded Keaveney.
About MotorSports Emporium Inc.
MotorSports Emporium Inc. is a fast-track, multifaceted and diversified company in the motor sports industry targeting INDY, NASCAR, Formula 1, and other racing series, spectators, classic car, and high-performance auto enthusiasts, professional and amateur mechanics, and discriminating consumers in search of high-quality auto parts and accessories. MotorSports Emporium reaches consumers through mass market retailers, auto parts suppliers, home television shopping networks, infomercials, industry and consumer trade shows, and consumer direct advertising (television, magazine and Internet). For more information, visit www.motorsportsemporium.com.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests, and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
MotorSports Emporium Inc., Scottsdale
David Keaveney, 480-596-4002
davidk@motorsportsemporium.com
OG and Arlan were added last week.
Dave was able to repair those relationships and get them back on board with GS610.
Hopefully deals are being set up to carry the new line of car care products too.
48, 24, 9 this week
What is the meaning of life?
FFF - Why should he flip his chart to a weekly?
Down is down no matter how you look at it.
The fact that you want to show a steeper decline by manipulating that variable truly shows your purpose here, which is obviously not to "talk" about the stock, but to always shine a more negative light on this.
GLTY
Looks like I missed this week. Working too much- LOL I will be sure to not miss my picks this week - don't want to be removed from this contest, anyone think I can get to at least 3rd from the botton?
A few days away and the place is still intact. I do have to say this is one of the cleanest and most polite boards around...
Looks like I will be adding again soon. Been working tons of OT!
GLTA!
StockJock - what is the share structure?
Almost 2K in volume today here. LOL
must have been all buys since it's up 20% - wierd.
Too many good afternoons and good mornings today - that doesnt help the stock price.
Stop being so damned courteous! LOL
Thanks bb!
Found this game, check it out:
http://linuxteam.at/~philip/zidane.html
Can you chart ICOP please?
Your opinion is appreciated!
I'm fastened and ready to go!
That is the huge difference. Up vs. Down
I've averaged down quite a bit with MSEP, they are in better shape now than when they were at .089 last year.
Sure hope to see this being promoted heavily. I may even check and see if the body shop I just got my car back from recently wouldn't mind carrying it. They do some really nice work.
Dropped back to $25 - IPO honeymoon over?
Looks like it could bounce here though.
0 volume today so far, whats up with this?
You must be talking about MSEP. Real products that work well. Just used SpraynShine on my car. Here's the product:
Received my Spray'nShine today. Just got done using it on the top of my car, works very well IMO. I had some bird crap on the car that came right off, no scrubbing, wiped right away after the spray sat on it for 15 seconds.
So for $11.95 I can wash the car 5 times. If I use the car wash at BP/Amaco, that's $5.00/ basic wash X 5 would be $25.00
So if I have a bunch of mud or thick dirt on my car I would use the car wash or just drag out the hose. Otherwise the washnshine will suffice and leave the wax which gives it a nice shine.
2006 ICOP DIGITAL, INC. Annual Meeting of Stockholders
MEETING DATE: August 10, 2006
Anyone going?
Brama claimed to have bought shares in his very frist iHub post:
Posted by: Bramabill
In reply to: None Date:5/9/2005 9:47:24 PM
Post #of 19219
I am new to this stock. I bought a small position. I was looking at some posts on Raging bull, can anyone explain the Company President and his relationship with the previous company? from what I can read is that the now CEO of Motor Sports Emporium worked for a few months at the Ted Six Company and he is owed about $51,000? Why would he be owed this money if its a new company and the Ten Six company looks like its Bankrupt ? Am I reading this right? This whole story seems odd and needs a complete explanation. I hope one of the posters can help. I bought this stock because of the excellent experience I had on E-Bay. Good luck to all investors. Right now I am concerned and I hope you can put me at ease
He has 475 posts on iHub 467 of which are all MSEP. As our friend mani once said, "An all MSEP poster with a one sided view? Can you say collusion?"
I certainly will.
I should be getting mine today. I won't have a chance to use it until Friday though.
Certainly not stocks! LOL
Good morning.
I think we will see a PR confirming some kind of HSN/QVC plans for spraynshine, IMO
Subtract my 2.3M and you are left with:
Float=201,394,360
I have an eBay store... and if you sell on eBay the major obstacle you face is the shipping, for larger items. With Craigslist, people understand that they can just pick the item up, since it is based upon the convenience of locality. I think that's why smaller items like DVD's and Books sell well on eBay and larger items like beds and armoirs sell well on craiglist. A computer may just be large enough that you wouldn't want to pay the overinflated shipping charges that most eBay sellers charge.
http://cgi.ebay.com/HP-Apple-iPod-4th-Gen-40GB-Refurbished-to-New-by-HP_W0QQitemZ190005092431QQihZ00...
This is a refurbished 4th Gen iPod 40GB current bid $151.72
A quick search of completed items shows a NIB(New in Box) 40GB selling for $228.00 + $15.00 shipping.
If that is the case, then MSFT is really saying nya, nya, nya, nya to AAPL. It really doesn't benefit the consumer at all. Who would use that function anyway? I for one do not need 2 copies of a song I already paid for.
100 people now have MSEP boardmarked.
9, 16, 2
Yeah, I think he must have some kind of God/Jesus healing complex, JMO
BB - to me that means baby, that's my life right now, baby. Maybe MSEP will be .10 one day and I can pay for my baby's college...
Have a good weekend all.
20/20 story not very good press for this...