March 7, 2007 - 2:43 PM EST
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Xtreme Motorsports to Provide Additional Upgraded Dividend to Shareholders of Record as of March 12, 2007
From the President and CEO, Alan McCaa:
"On February 20, 2007, Xtreme Motorsports (PINKSHEETS: XTMS) 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."
Alan McCaa
President & CEO
Xtreme Motorsports of California, Inc.
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.
Source: Market Wire (March 7, 2007 - 2:43 PM EST)
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