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American Racing Capital, Inc. / ANRC Announces $700,000 in Financing

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-09-02
SAN DIEGO--(BUSINESS WIRE)--American Racing Capital Inc., (OTCBB: - ), a companyspecializing in the motorsports industry, announced that it hasreceived $700,000 in equity financing. This financing represents thefinal allotment of the $2 million funding that was approved andsecured by a 6% note maturing on July 25, 2009. The capital will helpAmerican Racing Capital move forward in executing its business plan.

About American Racing Capital, Inc.

American Racing Capital, Inc. is a company specializing inmotorsports and its strategy is to focus on several aspects of thisindustry. Through it's subsidiaries, American Racing Capital, Inc.intends to; Acquire financial interests in several well establishedauto racing facilities, Establish race management contracts atexisting racing facilities and newly proposed facilities, Engage inthe design, re-design, and development and management of our whollyowned race tracks, Find and acquire companies to compliment our otherholdings. The Company's business also includes sponsorship activationservices and motorsports product licensing agreements, which arehighly specialized promotional services in this industry. AmericanRacing Capital, Inc. helps companies develop and build brandreputation using motorsports as a revenue-generating opportunity.Programs entail introducing companies to multiple levels of; RaceDriver, Race Team and Race Track exposure.

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This press release contains "forward-looking" statements withinthe meaning of Section 21A of the Securities Act of 1933, as amended,and Section 21E of the Securities Exchange Act of 1934 as amended, andis subject to the safe harbors created thereby. Such statementsinvolve certain risks and uncertainties associated with an emergingcompany. Actual results could differ materially from those projectedin the forward-looking statements as a result of risk factorsdiscussed in American Racing Capital Inc.'s reports that will be onfile with the US Securities and Exchange Commission.

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