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XTMS new symbol ETMO...............
kick ass board!!!!!!!!
XTMS/ETMO new way to fight NSS. very interesting
Extreme Motorsports of California, Inc. Confirms Symbol, CUSIP Change and Trademark Protection Strategy
New Ticker Symbol Is Part of Novel Branding and Copyright Protection Program to Include Piracy Protection of Shares of the Company's Common Stock
BAKERSFIELD, CA -- (MARKET WIRE) -- May 21, 2007 -- Extreme Motorsports of California, Inc. (PINKSHEETS: ETMO) (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), has initiated a full program to promote its brand identity and associated trademarks. Soon, the Company will release, both on its website and at its corporate and dealer locations, new branding and corporate identity materials that are being registered with the United States Patent and Trademark Office. As a result of promoting its corporate identity and protecting its intellectual property, the Company now has the right to limit the unauthorized sale of its shares of common stock.
The overall strategy is designed to protect shareholders from purchasing shares from naked short sellers, which the Company believes may be counterfeit and violate copyright and trademark protection laws. The Company intends to pursue those who wrongfully "naked short sell" its common stock to the extent that the common stock of the Company is now part of its intellectual property portfolio.
Since February 2007, the Company has been working with its corporate and securities counsel to develop a means of protecting its brand and corporate identity, including stock certificates, under U.S. Code, Title 15, Chapter 22 - Trademarks and Title 18, Part I, Chapter 113 - Stolen Property.
From a civil law perspective, violations under these laws provide for the recovery of the violator's profits, damages caused by infringement of the trademark and the costs of prosecuting the violation. The statute also provides for treble (three times) profit or damages, whichever is greater, when the violator knowingly uses the pirated mark in connection with a profit-seeking activity. If a trademark infringement is indeed confirmed by final judgment by a trial court, the holder of the trademark can elect to recover up to $1,000,000 per counterfeit mark if "the court finds that the use of the counterfeit mark was willful."
From a criminal law perspective, trafficking in counterfeit trademarks carries potential fines up to $2,000,000 and/or imprisonment of not more than 10 years for an individual and fines up to $5,000,000 for violations by companies. In the case of multiple convictions, the fines and imprisonment double for individuals and fines triple for companies.
As part of this program, the Company has developed a new certificate which contains both trademarked identity and copyrighted materials. To ensure it would be able to avail itself of the highest level of protection, Xtreme applied for a new CUSIP number, the standard numbering system developed for all U.S. debt and equity securities. This new CUSIP number for the Company's common stock necessitated a corresponding ticker symbol change. As of May 21, 2007, Extreme Motorsports of California, Inc. will trade under the symbol "ETMO."
James A. Reskin, General Counsel of the Company stated, "The Company can now claim that its materials are subject to copyright as well as trademark protection and intends to enforce its rights under these laws. Legitimate buyers of the Company's common stock will not be affected, including those who buy and sell electronic representations of our copyrighted and trademarked common stock.
"However, those entities who sell stock purported to originate from the Company but which does not, in fact, originate from the Company, may be selling counterfeited and pirated copies of copyrighted or trademarked materials. Therefore, whether due to illegal naked short selling or issuance of counterfeit securities, the Company intends to pursue the unauthorized duplication of its trademarked materials and believes that the remedies available under intellectual property laws should allow us to pursue violators in criminal and civil proceedings for the benefit of all of the Company's shareholders."
Xtreme will update shareholders regarding any future legal proceedings the Company may undertake to protect its copyrighted and trademarked common stock.
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 US. For more information, visit the corporate web site 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.
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Contact:
Investor Relations
661.310.7880
Email Contact
SOURCE: Xtreme Motorsports of California, Inc.
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You're right but........
all the MM's need to show is settlement AH, and it's all legal.
Actually what I was hoping for was for them to say.........
you've been such a good sport about getting screwed by your own brokers MM we're going to double your position...........no such luck....lol
Yea they told me the electronic certs should(not for sure) show up tonight after hours.
The manager at scottrade also said the cusip/symbol change shouldn't affect the normal rules of NSS and there are very few actual certs ever printed they are almost all in cyberspace. So as far as a timeline to cover, WHO KNOWS?
The manager at scottrade also said the cusip/symbol change shouldn't affect the normal rules of NSS and there are very few actual certs ever printed they are almost all in cyberspace. So as far as a timeline to cover, WHO KNOWS?
They fill at bid in an attempt to show low buying pressure..........MANIPULATION.
I just talked to the branch manager at scottrade and I gotta say they are clueless about NSS in the pennies or at least thats what he want me to think, also no certs yet so the scottraders who were flipping or shorted the stock can't sell only buy
scottrade is showing -1.00 except bid/ask .0009/.001
From what I understand they do attend shows, and one of the posters(VDUBBU) posted a link to an off-road mag with an advertisement, but soon I think they'll get a lot of exposure. Right now they're swamped once they expand their facilities I think you'll see more advertisements though!
If I'm not mistaken, and I could be, that is the date of the last symbol change. OFF TO WORK HAVE A GOOD ALL!
Right on dude...........
if ya' get a chance rent a board and paddle out. Nothing in the world like watchin' a sunrise sittin' on a board lookin' for a nice set, it's almost zen like if ya' know what I mean, and just so I'm not completly O/T........GO ETMO.......
Workin' for a livin' sucks..........
and that about sums it up!!!!!!!BTW what are you goin' to FL for? Memorial day?
Briboy, most likely some of those shareholders are whole brokerages with "X" amount of shareholders per brokerage.
During my sister's visit Alan mentioned he was looking for 5 acres and with production almost maxed, more space will soon be a necessity. This year looks to be EXTREMES' breakout year, and I completely agree about him waiting until he can finance the property and building with profit. That would be the perfect scenerio to promote more growth financially and interest throughout the investment community. I wish I could be here this week, but I can't retire "YET".
Circle, I like the sound of that........
!!!!!!!!!NORTH of 10 cents!!!!!!!!!!! if orders and production continue to grow throughout the year the way they did in the first 4 month, I believe your prediction will come true.
Good to see you positive again.
That's a perfect picture for my dart board...lol...
Looks like fridays volume might be the real traders buying and selling, useful info!
What's up JR............
Speaking of marked deck's I e-mailed my local congressional rep a couple of weeks ago about NSS and manipulation still no reply, I believe I'll send another this weekend, let ya know when and if I get a reply.....Putting this board on fav's, so I can keep up with all the criminal activity in the pink's/ otcbb. GIVE'EM HELL BUD!!!!!!!!!!!!!
Everything will carry over.
Let's hope ETMO sells as well as ELMO.......LOL
Probably will with cusip and name change info sometime soon.
new ticker symbol ETMO as of 5/21/07
I hear ya' bud!!!!
The wait makes the payoff all the SWEETER!!!!!
I got an e-mail yesterday........
I asked about the ticker symbol and the "E" on their name, other than some O/T chat, Alan said updates on this process will be provided as soon as possible.
You da' man LT........
Always good to hear from you and BTW I've never surfed the Atlantic....LOL
I guess we'll see, although .............
VLF is on to something here XTCY.........hmmmmmmmmm............it would be the most popular stock at RAVES countrywide..........lol
ARE YOU SERIOUS.........LOL
Gone for one day and I'm lost...hahahahhahahaha...OH WELL lost is my natural state, after 40 yrs you'd think I'd be used to it. THANKS VLF!!!!!
I wonder if Alan found a way around changing the ticker symbol? If he didn't does anyone know what the time frame is for a symbol change from date of CUSIP change?
GOOD info tonight thanks Miagi and VLF.
It was the same one you posted,just got home scanned the post's (quickly) and must have missed it posted earlier...............sorry.........
Good to here........
sounds like Boink is on the fast track, it would be nice to see an Xtreme car on tour nationwide.....YEAH BUDDY....
Xtreme needs to get busy on BOINK'S car could be great EXPOSURE!!!!!!!!!!!!!!!!!!!
I seem to remember VLF saying, awhile back, the more exposure they(BOINK ENERGY DRINK) get, the more we get. Take a look at this link.
http://app.quotemedia.com/quotetools/popups/story.jsp
NICE REVERSAL.........
I'm thinkin' tomorrow, I'm in.GLTYA.
Hey Takeover, now that you're out thanks this is a rockin' board............ABSD white hammer monday confims reversal pattern, might be good to flip for a small profit, be careful though the company has been selling into the market hard for 3 months.12-31-06...O/S 5,954,000 3-30-07...O/S 33,634,000
I'll have to call later,
my mom's in church right now.........hopefully praying for my portfolio, red is an ugly color! LOLOL