XTMS News!
BAKERSFIELD, CA, Mar 12 (MARKET WIRE) --
Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the
"Company") today provided an update on its current sales and opportunity
pipeline, consisting of sales under contract, letters of intent or quotation.
Current sales under contract, which comprises vehicles in the process of
being manufactured, totals approximately $2.1 million. This includes $1.7
million in dealer orders and approximately $400,000 under order from private
buyers.
In addition, the company is in the process of completing a letter of
intentwith a dealer for an additional $850,000 in various vehicle models for
2007.
While not yet solidified, Xtreme is also working with approximately $9
million in outstanding customer quotes, consisting of $5 million in
potential new dealer purchases, $3.5 million in private customer quotes, and
$500,000 for the Olympic Games opportunity (which may exceed $2.5 million --
not currently under quote).
This presents a total revenue opportunity for 2007 of approximately $12
million, $2.1 million of which is currently under contract.
Xtreme will continue to provide updates to shareholders as opportunities
convert into
sales and as new, significant sales opportunities arise.
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:
Fairview Investor Relations, LLC
661.310.7880
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