NEWS!!!
BAKERSFIELD, CA, Jul 05, 2007 (MARKET WIRE via COMTEX) -- Extreme Motorsports
of California, Inc. (PINKSHEETS: ETMO) ("Extreme" or the "Company"), has
approved the final cut of its segment on the TV series, "World's Greatest!" The
"World's Greatest!," a project of Crown Point Productions, is a series of 13
half-hour episodes presenting "some of the most amazing and unique companies,
products, people and destinations the world has to offer" and is distributed to
more than 100 million potential households through national cable outlets such
as PAX, OLN, A&E and the Travel Channel. Extreme expects to announce the dates
and channels on which the show will air by mid-July.
"Everyone at Extreme has viewed the show and we're excited for current and
potential shareholders to see the level of quality of the sandcars we build
every day, and the passion with which we do it. Shareholders will be offered a
unique opportunity to see a variety of sandcar models ranging from our
entry-level Dune Racer to fully loaded, custom-designed Desertmasters,"
commented Alan McCaa, President & CEO of Extreme Motorsports. "The producers,
directors and crew from Crown Point did an amazing job and we couldn't be more
pleased with the results.
"We've also been approached by a national production company interested in
developing and shooting a pilot for a reality TV series about the Company and
the people behind Extreme Motorsports. Although we do not yet have a go-ahead on
the pilot, we're looking forward to continued discussions with the producers and
the opportunities an 'Extreme TV' series would provide to the Company and its
shareholders," McCaa continued.
Today, Extreme also provided an update to its share structure as of June 30,
2007. The current share structure is as follows:
-- Common Stock
-- Restricted: 20,685,069
-- Free-trade Certificated: 543,631,207
-- Free-trade Electronic or "Street Name:": 913,109,515
-- Total Issued and Outstanding: 1,477,425,791
-- Preferred Stock
-- Total Issued and Outstanding: 10,000,000
Commenting on the updated share structure, Mr. McCaa stated:
"The increase in the number of outstanding shares of common stock of the Company
was to compensate Quality Stocks and an additional consultant to the Company for
services provided during the month of June. In addition, the board of directors
authorized an additional issuance of preferred stock to management to ensure
non-dilutive control of the Company," stated Alan McCaa, President & CEO of
Extreme. "The issued and outstanding shares of common stock as reported on Pink
Sheets is incorrect and we are in the process of updating those numbers to
reflect our current share structure."
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.
Contact:
Investor Relations
661.310.7880
Email Contact
SOURCE: Xtreme Motorsports of California, Inc.
CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=D8E2DB2068283D6B
Copyright 2007 Market Wire, All rights reserved.
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