NEWS
BAKERSFIELD, CA -- (MARKET WIRE) -- 02/26/07 -- Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), a manufacturer of extreme long travel sandrails, desert and dual sport racecars, continues the planning and development of an advanced line of sandcar transmission systems to reduce delivery times, production costs and offer transmissions to other sandcar and dual sport racecars. As announced in December 2006, the Company is currently working with three organizations to oversee the project management, engineering and manufacturing of the new systems.
In the initial development stages, Xtreme had envisioned manufacturing tiered transmission systems based on capabilities, and consequently, price. However, over the last few months, the Company has decided to design and engineer, for approximately the same cost, a super high-end, race-grade transmission that far exceeds the average product available on the market today applicable across its entry-level and highly customized supercars.
Xtreme anticipates installing the first of the new systems in early 2008 and in all of its racecar lines by the end 2008.
"The engineering, design and testing of any production-line components in your car, boat or RV are years in the making, and we've taking the same approach in the development of these transmissions to ensure we get it right the first time," remarked Alan McCaa, President and CEO of Xtreme Motorsports. "We've given our engineering and design team wide latitude in terms of time to develop the system because it is so critical to our business and product quality.
"Xtreme is here to change the way the world views the sandcar industry; it's no longer an out-of-your-garage business," concluded McCaa.
About Xtreme Motorsports of California, Inc.
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:
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