XTMS (.004) Secures Additional Vehicle Contracts
Market Wire "US Press Releases "
BAKERSFIELD, CA -- (MARKET WIRE) -- 03/16/07 -- Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), as announced on Marcy 12, 2007, has been in the process of completing a letter of intent to build up to 12 or more sandcars of various configurations for a dealer. On March 15, 2006, the company signed this letter of intent, bringing total sales under contract for 2007 to approximately $3 million.
In addition, the Company is also in the process of developing drawings and specifications for a promotional sandcar for a US regional energy drink manufacturer in the process of taking its product to the national market. While details are being closely held at this point, this energy drink promotional sandcar will feature the best of what current technology and Xtreme can provide, including a twin-turbo V-8 engine, sequential shifting transmission, GPS navigation, a world-class audio/visual entertainment system and custom paintwork. The car will be based on Xtreme's Dune Racer model frame and configuration
Once completed, Xtreme and the to-be-named energy drink manufacturer will issue a joint press release with photos of the new sandcar and additional details about its breakthrough energy drink product and national campaign.
Xtreme anticipates completing this promotional vehicle in the 2nd quarter of 2007.
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.
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