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Time for a little shut eye. Had a lot of fun today with
etmo. Hoping for more fireworks soon. See you all in the
a.m.
Taken from the pr today.
"Within the next few days, we will also provide a status update regarding the previously announced dividends, which the Company is currently working to finalize through its attorneys, transfer agent and DTC."
Would love to hear something tommorrow on this but I read it as possibly next week. I do believe Alan had said on or before June 1. in a previous pr. either way I'm sure we will hear something very soon IMHO.
Thank You Stock.
New cusip # and name change last week from xtms to etmo.
Do You think possible short squeeze forming here. If you don't mind here is the news. Very exciting.
BAKERSFIELD, CA -- (MARKET WIRE) -- 05/31/07 -- Extreme Motorsports of California, Inc. (PINKSHEETS: ETMO) ("Extreme" or the "Company") has signed a master distributor agreement with Made in USA Industries, Inc. ("MITUSA"). Extreme selected MITUSA to develop its government sales channel for extreme vehicles to be used in a variety of applications. The first such opportunity in development is an Extreme Security Vehicle ("ESV") for use in U.S. and foreign desert law enforcement, military and private security applications. Extreme has received a commitment for 400 or more of the ESVs pending receipt of a manufacturing work order from Made in USA later this summer. At a minimum, the contract is valued at $39 million to Extreme.
Made in USA Industries, Inc., a minority/woman-owned small business, was founded to raise awareness of American-made products through its "Made in USA Magazine." The magazine, which was distributed to 20,000 subscribers in its first issue in 2005, now has a current base of over 46,000 paid subscribers and is dedicated to educating consumers on the impact of American-made goods on our national economy, providing brand analysis and evaluation to assist consumers with their purchasing decisions, and featuring products that support U.S. manufacturers and U.S. jobs. Recently, Made in USA expanded operations to target select opportunities its management has developed through its expansive business network, including the ESV project with Extreme.
"We made the decision to work with Extreme to develop its government sales channel based on a number of factors, not the least of which is the fact that the company has been building sandcars in the U.S. for the last 24 years, supporting the principles of entrepreneurship, a cornerstone of our national economy," commented Julie Reiser, Founder of Made in USA Industries. "First and foremost, however, is the fact that Extreme manufacturers the most rugged and technologically advanced sandcars in the industry, which are key factors for the extreme environments in which we anticipate the ESVs will operate and important work their users, both law enforcement and military, will perform."
The proposed ESV model is based on Extreme's Dune Racer frame and chassis, and is available both in four- and two-seat configurations, with a 5.7L V8 engine generating up to 400 horsepower, a "street-legal" accessory package, law enforcement LED lights and sirens, and a fully integrated global positioning system. The vehicles will be capable reaching speeds in excess of 140 mph. Detailed specifications for the EEV are provided below.
"We're looking forward to working with Made in USA and its customers to manufacture what will be the most advanced and robust security vehicles for desert applications ever built," stated Alan McCaa, President and CEO of Extreme Motorsports. "Conforming to military specifications, the ESV will expand our reach beyond recreational users to provide security forces with a new weapon in the defense of public and private assets."
In addition to the agreement with Made in USA Industries, Extreme today provided an update to its share structure as of May 31, 2007. The current share structure is as follows:
-- Common Stock
-- Restricted: 10,685,069
-- Free-trade Certificated: 498,631,207
-- Free-trade Electronic or "Street Name": 913,109,515
-- Total Issued and Outstanding: 1,422,425,791
-- Preferred Stock
-- Total Issued and Outstanding: 5,000,000
Commenting on the updated share structure, Mr. McCaa stated:
"The increase in the number of outstanding shares of the Company was to compensate service providers, sales agents, consultants and our legal team over the last several months. We anticipated paying most of these professional fees in cash, but many of the individuals asked to receive shares to have some 'skin in the game' and benefit in the future from the increased shareholder value they are bringing to the table.
Today's announcement is one such example, where individuals who are making introductions to contract awards that management believes can significantly increase our revenues have requested stock-based compensation in lieu of cash.
As stated in our previous release, we were able to acquire Southern Offroad Vehicle Services for both cash and stock. The legal and due diligence fees associated with this acquisition, although not significant, were also paid with shares.
Finally, the legal fees incurred for our extensive branding, copyright and intellectual property protection problem to combat the naked short selling problem were also paid with shares.
While we realize the increase in our issued and outstanding shares is significant, and a departure from our previous plan to secure the cancellation of certain blocks of outstanding shares, management believes the issuance of this stock is the best interests of the Company to provide a solid foundation for growth of our revenues, as well as to address certain shareholder concerns related to naked short selling.
Within the next few days, we will also provide a status update regarding the previously announced dividends, which the Company is currently working to finalize through its attorneys, transfer agent and DTC."
Extreme Security Vehicle 2008 Model Specifications
2008 Dune Racer 4130 Chromoly Chassis
Upper & Lower 4130 Chromoly A Arms - Powdercoated
4130 Combo spindle assemblies - Powdercoated
4130 Chromoly Trailing Arms - Powdercoated
HOWE 2.5" Power Rack & Pinion
Swedged CNC tie rods w/ 4130 Rod Ends
Steering Assembly, joints & shaft carrier
Grant steering wheel with quick disconnect
Xtreme 930 Microstub assemblies with disk brakes & 4 piston calipers
Front disk brakes with 2 piston racing calipers
930 high angle drive axles
2.5" Front Xtreme coil over shocks with externally adjustable bypass
control
3" rear Xtreme coil over shocks with externally adjustable bypass control
Solid aluminum floor with sprayliner finish
CNC pedal assembly
steel braided brake & clutch lines
dual odyssey batteries with boxes and solenoid
35 gallon custom fuel cell with fuel sender
HD aluminum wheels with front & rear beadlocks
33" Dirt Tire Package (includes spare tire & wheel)
Four (4) extra wide suspension seats with stationary headrest (includes
seat packets)
Driver & Co-pilot seat slider brackets
Four (4) 3" 5 point safety belts with shoulder padding
Two (2) ACRO HID lights and LED brake/tail/running lights
Roof Rack with four HID lights, spare tire carrier & fuel/water canister
carrier
Fiberglass body (includes front enclosure, dash, hood, windshield,
firewalls, side panels, roof)
Street legal package (includes parking lock brake, front & rear turn
signals,
license plate holder & light, Horn & windshield wiper
Powdercoated chassis, suspension & springs
CBM 5.7L V8 with fuel injection & Xtreme Air Filters (Approx. 400HP)
Semi Automatic H Pattern 4 or 5 Speed Transmission with Trans Cooler,
Reservoir & Shifter
Passenger grab handles and side steps
Digital gauges system
LED dome lights
Passenger footrest with built in ice chest holder
Rear & side view mirrors
PCI radio system with four headsets
Lowrance 8.4" Color GPS
Dual Fresh Air Systems
Top Mount Police/ Security LED Light bar with Siren Package
Fire Extinguisher, First Aid Kit, Arm Restraints
Lexan divider between front & rear passengers for detainee restraint
ASK ABOUT OUR COMPLETE LINE OF SECURITY OPTIONS
Infrared Lighting Options, Garmin GPS, Mobile Laptop Communication Systems,
Diesel Engines & more available
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 sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the U.S. For more information, visit the corporate web site www.xmssandcars.com.
About Made in USA Industries, Inc.
Made in USA Industries, Inc. is an outsourced sales and business development company dedicated to the promotion of American-made products. Founded in 2005, Made in USA is also the publisher of Made in USA Magazine, the American consumers' one-stop source for products manufactured in the United States of America. Each issue covers a wide variety of products which meet the Federal Trade Commission's Made in USA criteria. Readers will learn about products manufactured in the United States, both by American- and foreign-owned corporations.
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.
Contact:
Investor Relations
661.310.7880
Email Contact
News Provided by Acquire Media Corporation
Please have someone update the I-Box with the new share #'s
that were given to us today in the pr. Each month we can keep them updated hopefully and stay in tune with what is happening. Thanks Ad1.
Hello Stock any thoughts on etmo large volume today on news.
Chart please.
Let it run baby!!!!!!!!!!!
I just e-mailed you may share count. I am in the Winter Garden/Windermere area which is just west of Orlando.
Hopefully we have something exciting brewing for the rest of the week according to some of the previous post this eve.
I believe that is the best position to take. You never can tell who may use that info to their advantage. I got your pm
but unfortunately cannot pm back due to not having membership.
I tried it out and had lousy service so discontinued. They ih
seem to have most of the bugs worked out now. If someone has their e-mail who we can trust I'll send it that way.
How was your trip down here in Fl.
I believe one of the posters just moved to Delray Beach, Fl.
Was it X? Maybe they can keep an eye on the possible new dealer there if LOI is accepted. Very prompt response from
Alan. I also told him I have been a xtms-etmo long and wished him and his family the very best in our future growth.
I will being adding on in a.m. Thanks all and
have a great evening. I believe IMHO as stated before Times
Are A Changing.
This is the real deal. Here is my E-mail and response from
Alan.
< xxxxxxx@cfl.rr.com> wrote:
What type of financing do you offer and do you or are you looking to ad a dealer or dealers in Florida. Thx Ad1
----- Original Message -----
From: Alan McCaa
To: xxxx xxxxx
Sent: Wednesday, May 30, 2007 11:32 AM
Subject: Re: financing
xxxx, we have several finance and lease programs in place for both consumers and businesses. The range is quite large but mainly depends on credit.
Additionally, yes on the dealerships. We've got several verbal commitments on Florida dealerships yet, no one has stepped up to the plate and actually sign and agreement. However, i do have a signed letter of intent for a dealer in Delray Beach that i think is quite serious.
If your interested i can send you a cut sheet on the requirements of a dealership.
If your interested in a direct car purchase, let me know and i can get you over a credit application.
Thanks lt1 great info. I also E-mailed Alan with a couple questions and he responded back very promptly. I will post later.
Any luck or ideas with the Finance company.
Time is a precious thing. Anytime now Danskin NEWS NEWS PLEASE.
Since the cusip and symbol change it doesn't take a very large
trade to move the pps upward the last few days a dollar or two trade has upticked pps. Hopefully the coil is tightening.
1000 @ .0009 this morning and an uptick?????????????
Run Baby Run!!!!!!!!!!!!!
One can always dream!!!!!!!!!!!!!!!!
Here's hoping all the dans longs had a wonderful holiday weekend
and look forward to some news of any kind with dans in the upcoming week.
May God Bless America.
Alright sounds like a great plan. Please do your DD and keep a positive attitude about ETMO and I truly believe along with many other longs here that in the long haul we will all be a very successful group of investors. It will not happen overnight. Be strong and be supportive and we will prevail IMHO.
May God Bless America.
May God Bless America and all that have served and defended
the Red White and Blue and especially those that have given their lives so that we can have all the freedoms in which we
enjoy. Amen.
Welcome aboard. You are correct although many longs would like to have the assurance of the CEO to be a man of his words
and I believe the dividends would go a long way in confirming
his follow through and shareholder interest. JMO.
Important Re-post!!!!!!!!!!!! Dividends are fast approaching. On or before June 1 2007. How about starting the week out right Tuesday A.M. news and carry through the rest of the week..
On February 20, 2007, Xtreme Motorsports (Other OTC:XTMS.PK - News) announced a dividend to shareholders of record as of February 12, 2007. We received numerous emails and phone calls regarding this dividend. Most were appreciative of the fact that we were concerned about our investors and shareholders. However, we failed to take into consideration those shareholders who have joined us after February 12, 2007. Your concerns were heard, and we are now announcing an additional upgraded dividend for shareholders of record as of March 12, 2007. We are in the process of determining the exact amounts of stock and cash for this new dividend and will release additional information within the coming weeks.
"Xtreme anticipates completing the distribution on or before June 1, 2007. We are committed to our shareholders and we will continue to strive to be a profitable company and achieve growth for our shareholders. We are excited about our company, our opportunities, our future and our goals. We urge you to continue to monitor the company for near term announcements that will greatly affect the future of the company and our shareholders."
Re-post for new members. Let's not forget the cross marketing that should be surfacing very soon IMHO.
In addition to activities previously announced, Xtreme is pursuing several strategic partnerships to not only expand options available to its customers, but to align itself with high-quality companies producing complementary and synergistic merchandise. Currently, Xtreme is working with eight firms to develop cross-marketing opportunities across the off-road industry, including trade organizations, producers of custom trailers and manufacturers of well-known energy drinks.
I'm sure there are a few hidden gems that are extremely private as well. We can only imagine the opportunity that exist.
-- Xtreme continues the development of its new transmissions featuring
improved design and technology commensurate with race-grade systems
available in high end, custom sandcars. Management continues to meet with
its engineering and drafting team to complete the design phase of the
project. The company hopes to produce a prototype and complete testing of
the transmission before the end of 2007 before installing the new
transmissions in all of its vehicles before the end of 2008
Very interesting. Hopefully this will be what we needed to
get the pps moving upward.
How about the Bakersfield, Ca. native Casey Mears winning the
Coca Cola 600 tonight up in Charlotte. What a fitting weekend
to win his first race driving the #25 Chevy for the National Guard
Go Bakersfield and Extreme Motorsports of California.
Maybe will can get Alan to hook up with Casey for our spokesman. You never know????
I was thinking June 8. Either way our time is coming very soon IMHO.
Thanks much. Looking at it square in the face and couldn't see it. Have a great weekend.
Information from another board about cusip and symbol changes and what happened to pps approx. 13 days after change took place. Let's hope and pray this is what may be going on with ETMO
** CMTN - FAILURE TO DELIVER SHARES
Possible Short Squeeze due to FTD (Failure to Deliver) may be in effect for CMTN:
6. Mandatory Close-Outs of Threshold Securities.
Regulation SHO requires broker-dealers to close-out all failures to deliver that exist in threshold securities for thirteen consecutive settlement days by purchasing securities of like kind and quantity ("close-out")
A Symbol and Cusip # change may be the only time, when broker-dealers are actually FORCED
to close out all FTDs. Could this be the reason behind some HUGE runs that have happened with some popular stocks that did a symbol change???
This may be happening with CMTN right now.
May.17.2007 - Symbol changed from SPNI to CMTN.
May.25.2007 - As of today, Canadian brokerages TD Waterhouse and RBC Securities have FAILED TO DELIVER shares.
Is this what caused RGNO to run 1200% and CFUL to run 6000%??? LETS TAKE A LOOK:
RGNO:
Jan.23.2007 - Symbol change from FCNK to RGNO
Feb.9.2007 - Scottrade had FTDs as customers STILL hadn't received their shares.
Feb.9-Feb.13.2007 - RGNO ran from 0.021 to 0.25 (1200%)
Jan.23 to Feb.9 is 13 consecutive settlement days.
=================================================================
CFUL:
Feb.5.2007 - symbol change from CNDO to CNDI
Feb.26.2007 - begins a 6000% run from $0.08 to 4.90.
Feb.5-Feb.26 is 13 consecutive settlement days.
=================================================================
COINCIDENCE???
It appears that CMTN may be in the same situation. CMTN already has massive FTDs (I have not received my 15,000 shares) and the float is only 600,000!!!
Most of the float is in tight hands now.
We could be looking at massive short squeeze soon, as brokers are forced to buy shares on the open market.
Dahhhhhhhhhhh!!!!! Thanks much. Staring at me square in the face and I couldn't see it. Have a great weekend.
How can i delete boards that i have saved on my Favorites.
Thanks.
Hello my friend.
Remember our contest for guessing an exit point.
I believe my guess was .88 pps and yours was a little over a
1.00 pps. So far looks like you may have hit the bulls eye.
Hopefully for existing longs I am wrong. Have a great day.
Shhhhhhhh. Be very very quiet. I believe something is about to break. IMHO
Had to break up the everyday chatter. Have a great evening
& hopefully we hear something soon with acmg.
Late entry is my pick. The horses name is DAWONINDAFRONT.
To Funny!!!!!! I believe the majority of the population is
overweight. We may have to incorporate the battle of the bulge into our advertising scheme. LMAO.
Yes ESPN and ESPN.Com according to WDW website.
Can't believe all the smoke in the area. All the way down
from the Georgia fires. Getting very difficult to stay outside for a long period of time.
Look at the list of sponsors. Not a bad group to be in with.
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Windermere-Winter Garden area myself.