posted
I brought you DKAM now I bring you DJRT. Nascar is becoming more popular as time goes by. Celebrity plays are good. Of course this isn't going to be as explosive as DKAM, but check recent change in price and nice increase in volume. Revenues will be good this year as Talladega track wasnt open till 4th quarter last year, their most famous track. I believe this is a winner. Patience required.
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Okay stealing some of the DD from Rawnoc on IHUB as well as others. Do your DD...looks like the time has come for this one IMO.
The company is a unique idea with a lot of potential interest in it.
"(2) The last 2 quarters of reported profits were for small amounts not even adding up to .01 EPS. The 4th quarter, however, includes their best track and best revenue/profit source that finally got finished being repaved just before the 4th quarter began. Which is why the 4th quarter will be a monster one and 2007 should post nice profits all year IMO.
(3) They've already preannounced that 2006 was a profitable, record year. In order for 2006 to be profitable, the 4th quarter had to make up for the losses in the 1st quarter which means if 2006 was merely break-even, the 4th quarter profits will be .01 EPS. Based on that minimum fact, the PRs that include the huge sales experienced in the 4th quarter and the lowering of fuel prices (their main gross costs) and the lowering of SG&A - I think the EPS in the 4th quarter will be .02 - .03+ or better which is enormous for 1 quarter of a .38 stock.
(4) Up until the last year quarter, their business was rapidly growing but they were still reporting losses. They've been kicking butt since the year ago quarter and will report a nice profit this time around so I don't think it will sell off with the report. In fact, I think just the opposite will occur."
Founded by Dale and Ned Jarrett who are still actively involved as well as Green bay Packers Brett Favre and NASCAR driver Joe Nemecheck who are original investors & current big shareholders along with the founder CEO, formally an executive from IBM.
--full year 2006 announced recently that it will be profitable. 3rd quarter in a row of profitability but for 2006 to be profitable, the 4th Q report must be a monster, with an absolute minimum of +.01 EPS in order to achieve this. EPS might be reported as .02-.03+ for the quarter (which is insane for a .33 stock) since sales for one weekend in Oct. was equal to 50% of the entire quarter last year --SG&A costs have been shrinking shrinking even while sales climb --gross margins healthy and have benefited from cheaper fuel prices --2007 events already starting to sell out --mega expansion plans of the proven profitable concept --dilution has been minimal since it began trading 7 years ago
Another hint about 4th quarter... 9/30/05 -- "Deferred revenue 436,807" 9/30/06 -- "Deferred revenue 694,020" <~~~ 59% increase
Their Talladega Superspeedway racetrack, the best one they have, was closed most of 2006 until the 4th quarter. The 4th quarter 2006 and the fully year 2007 are shaping up for some incredible sales and earnings. I wouldn't be surprised if they earn .10 to .15 EPS in 2007. PE of 20 = $2.00 to $3.00 http://www.talladegasuperspeedway.com/news/track_news/522290.html
posted
What I love about it is you can see how the company is progressing by checking their schedule and see how early some of the events get sold out.
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It did double just recently so it may retrace...but hell I don't care I am in and will add later if it dips. I see this as a great non risky play for 2007. Solid players in this one.
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Do you guys honestly think this isn't going to retrace some? All of the indicators I go by say it is overbought. But whatever, good luck just be careful.
Posts: 316 | Registered: Oct 2005
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quote:Originally posted by Fergy: Do you guys honestly think this isn't going to retrace some? All of the indicators I go by say it is overbought. But whatever, good luck just be careful.
Here we go again.. didn't you say FRPT was going back to $14 when it was %16 and hit $24?
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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Date Open High Low Last Change Volume % Change 01/31/07 0.3990 0.4200 0.3600 0.4200 +0.0400 584629 +10.53%
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 86246
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 48355
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 29371
Overall Average: 100% - Buy
Price Support Pivot Point Resistance
0.4200 0.3400 0.4000 0.4600
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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DJRT -- Dale Jarrett Racing Adventure, Inc. Com (1 Cent)
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-QSB
[x] Quarterly Report Pursuant to Section 13 or 15(d) Securities Exchange Act of 1934 for Quarterly Period Ended September 30, 2006
-OR-
[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities And Exchange Act of 1934 for the transaction period from _________ to________
Commission File Number 333-39942
Dale Jarrett Racing Adventure, Inc. (Exact name of registrant as specified in its charter)
FLORIDA 59-3564984 ----------------------------------------------------------------------- (State or other jurisdiction (I.R.S. Employer of incorporation or organization Identification Number)
120 A North Main Avenue, Newton, NC 28658 -------------------------------------------------------------------- (Address of principal executive offices, Zip Code)
(888) 467-2231 ------------------------------------------ (Registrant's telephone number, including area code)
Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes [ X ] No [ ]
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes [ ] No [ x ]
The number of outstanding shares of the registrant's common stock, September 30, 2006: Common Stock - 19,362,376
Transitional Small Business Disclosure Format (Check one):
Dale Jarrett Racing Adventure, Inc. Statements of Cash Flows For the Nine Months Ended September 30, 2006 and 2005
(Unaudited)
2006 2005 ---------- ---------- Net cash provided by (used in) operating activities $ 38,918 $ (185,181) ---------- ----------
Cash flows from investing activities: Acquisition of plant and equipment (88,735) (8,946) ---------- ---------- Net cash (used in) financing activities (88,735) (8,946) ---------- ----------
Cash flows from financing activities: Repayment of officer advance - (35,000) Repayment of notes payable (57,939) (7,000) Repayment of long-term debt (19,110) (26,070) ---------- ---------- Net cash (used in) financing activities (77,049) (68,070)
(Decrease) in cash (126,866) (262,197) ---------- ----------
Cash and cash equivalents, beginning of period 313,576 263,200 ---------- ---------- Cash and cash equivalents, end of period $ 186,710 $ 1,003 ========== ==========
NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2006 (UNAUDITED)
(1) Basis Of Presentation
The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) for interim financial information and Item 310(b) of Regulation S-B. They do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been included.
The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. For further information, refer to the financial statements of the Company as of and for the year ended December 31, 2005, including notes thereto included in the Company?s Form 10-KSB.
(2) Earnings Per Share
The Company calculates net income (loss) per share as required by Statement of Financial Accounting Standards (SFAS) 128, "Earnings per Share." Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares and dilutive common stock equivalents outstanding. During periods when anti-dilutive commons stock equivalents are not considered in the computation.
(3) Inventory
Inventory is valued at the lower of cost or market on a first-in first- out basis and consists primarily of finished goods and includes primarily promotional items that bear the Company?s logo.
(4) Stockholdes? Equity
During the period ended September 30, 2006, the Company issued 568,055 shares of common stock for services. The shares were valued at their fair market value of $94,139. In addition, the Company issued 200,000 shares of common stock subscribed for at December 31, 2005.
The Company?s financial statements are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.
The Company has experienced a significant loss from operations as a result of its investment necessary to achieve its operating plan, which is long-range in nature. From inception to September 30, 2006, the Company incurred net losses of $5,025,712 and for the nine months ended September 30, 2006, the Company incurred a net loss of $135,284. In addition, the Company has working capital and stockholder deficits of $1,070,566 and $843,071 at September 30, 2006.
The Company?s ability to continue as a going concern is contingent upon its ability to attain profitable operations and secure financing. In addition, the Company?s ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered by entrance into established markets and the competitive environment in which the Company operates.
The Company is pursuing equity financing for its operations. Failure to secure such financing or to raise additional capital or attain materially profitable operations may result in the Company depleting its available funds and not being able pay its obligations.
The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.
ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
Trends and Uncertainties. Demand for the Corporation's products are dependent on, among other things, general economic conditions that are cyclical in nature. Inasmuch as a major portion of the Corporation's activities are the receipt of revenues from its driving school services and products, the Corporation's business operations may be adversely affected by the Corporation?s competitors and prolonged recessionary periods.
There are no known trends, events or uncertainties that have or are reasonably likely to have a material impact on the corporation?s short term or long term liquidity. Sources of liquidity both internal and external will come from the sale of the corporation?s products as well as the private sale of the Corporation?s stock. There are no material commitments for capital expenditure at this time. There are no trends, events or uncertainties that have had or are reasonably expected to have a material impact on the net sales or revenues or income from continuing operations. There are no significant elements of income or loss that do not arise from the Corporation?s continuing operations. There are no known causes for any material changes from period to period in one or more line items of the corporation?s financial statements.
The Corporation currently has classes planned through December 2006.
Capital and Source of Liquidity. The Corporation currently has no material commitments for capital expenditures. The Corporation has no plans for future capital expenditures such as additional race cars at this time.
The Corporation believes that there will be sufficient capital from revenues to conduct operations for the next twelve(12) months.
Presently, the Corporation?s revenue comprises one hundred(100) percent of the total cash necessary to conduct operations. Future revenues from classes and events will determine the amount of offering proceeds, if any, necessary to continue operations. The board of directors has no immediate offering plans in place. The board of directors shall determine the amount and type of offering as the Corporation's financial situation dictates.
The Corporation had cash and cash equivalents at September 30, 2006 of $186,710 compared to $1,003 at September 30, 2005. The increase in cash and cash equivalents at September 30, 2006 compared to December 31, 2005 was due principally to the net income for the period and the repayment of notes and other debt and the acquisition of equipment.
For the nine months ended September 30, 2006, the Corporation acquired plant and equipment of $88,735 resulting in net cash used in investing activities of $88,735.
For the nine months ended September 30, 2005, the Corporation acquired plant and equipment of $8,946 resulting in net cash used in investing activities of $8,946.
The Corporation was able to repay some its outstanding debt. For the nine months ended September 30, 2006, the Corporation did not make any officer advance repayment compared to a $35,000 repayment for the nine months ended September 30, 2005. Additionally, the Corporation repaid notes payable of $57,939 and repaid long-term debt of $19,110 compared to $7,000 and $26,070, respectively for the nine months ended September 30, 2005. As a result, the Corporation had net cash used in financing activities of $77,049 for the nine months ended September 30, 2006 compared to $68,070 for the nine months ended September 30, 2005.
On a long term basis, liquidity is dependent on continuation of operation and receipt of revenues.
Results of Operations.
For the three months ended September 30, 2006, the Corporation had sales of $629,895 with cost of sales of $277,502 for a gross profit of $352,393. Comparatively, for the three months ended September 30, 2005, the Corporation had sales of $470,657 with cost of sales of $274,656 for a gross profit of $196,001.
For the three months ended September 30, 2006, the Corporation had general and administrative expenses of $213,134 and non cash stock compensation of $64,889 compared to $227,011 and $90,400, respectively for the same period in 2005. The amount of general and administrative expenses decreased slightly for the three months ended September 30, 2006 compared to the same period in 2005 due mainly to a decrease in non-cash stock compensation.
For the nine months ended September 30, 2006, the Corporation had sales of $1,346,817 with cost of sales of $619,221 for a gross profit of $727,596. Comparatively, for the nine months ended September 30, 2005, the Corporation had sales of $1,253,390 with cost of sales of $722,759 for a gross profit of $530,631.
For the nine months ended September 30, 2006, the Corporation had general and administrative expenses of $753,724 and non cash stock compensation of $94,139 compared to $730,161 and $102,400, respectively for the same period in 2005. The amount of general and administrative expenses decreased slightly for the nine months ended September 30, 2006 compared to the same period in 2005 due mainly to a decrease in non-cash stock compensation.
Plan of Operation. The Corporation may experience problems; delays, expenses and difficulties sometimes encountered by an enterprise in the Corporation?s stage, many of which are beyond the Corporation?s control. These include, but are not limited to, unanticipated problems relating to additional costs and expenses that may exceed current estimates and competition.
The Corporation is not delinquent in any of its obligations even though the Corporation has generated limited operating revenues. The Corporation intends to market its products and services utilizing current revenues and cash made available from the private sale of its securities, if any.
The Corporation's management is of the opinion that its revenues and the proceeds of the sales of its securities, if any, will be sufficient to pay its expenses for the next twelve months.
Our auditors have expressed reservations concerning our ability to continue as a going concern. The Corporation has incurred significant losses from operations and has working capital and stockholder deficiencies. These factors raise substantial doubt about our ability to continue as a going concern.
Our ability to continue as a going concern is contingent upon our ability to secure additional financing, increase ownership equity and attain profitable operations. In addition, the Corporation's ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered by entrance into established markets and the competitive environment in which the Corporation operates.
The Corporation is pursuing financing for its operations and seeking additional private investments. In addition, the Corporation is seeking to expand its revenue base. Failure to secure such financing or to raise additional equity capital and to expand its revenue base may result in the Corporation depleting its available funds and not being able pay its obligations.
Item 3. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
Our management, under the supervision and with the participation of our chief executive officer, conducted an evaluation of our "disclosure controls and procedures" (as defined in Securities Exchange Act of 1934 (the "Exchange Act") Rules 13a-14(c)). Based on his evaluation, our chief executive officer and chief financial officer have concluded that as of the Evaluation Date, our disclosure controls and procedures are effective to ensure that all material information required to be filed in this quarterly report on Form 10QSB has been made known to him in a timely fashion.
Changes in Internal Controls
There have been no significant changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls or in other factors that could significantly affect these controls subsequent to the Evaluation Date set forth above.
Item 2. Changes in Securities and Use of Proceeds. The Corporation issued 162,500 shares of common stock for services. The shares were valued at their fair market value of $29,250. In addition, the Corporation issued 200,000 shares of common stock subscribed for at December 31, 2005.
Item 3. Defaults Upon Senior Securities. not applicable.
Item 4. Submission of Matters to a Vote of Security Holders. not applicable.
Item 5. Other Information. Not applicable.
Item 6. Exhibits and Reports on Form 8-K.
(a) Reports on Form 8-K. none (b) Exhibits. none
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
Dated: November 13, 2006
Dale Jarrett Racing Adventure, Inc.
By /s/ Timothy B. Shannon ------------------------ Timothy B. Shannon President and Director
1. I have reviewed the quarterly report on Form 10-QSB of Dale Jarrett Racing Adventure, Inc.;
2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 12a-14) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this quarterly report is being prepared;
b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the "Evaluation Date"); and
c) presented in this quarterly report my conclusions about the effectiveness of the disclosure controls and procedures based on my evaluation as of the Evaluation Date;
5. I have disclosed, based on my most recent evaluation, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):
a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls over financial reporting.
Date: November 13, 2006 /s/Timothy B. Shannon ---------------------------- Timothy B. Shannon Chief Executive Officer Chief Financial Officer
The undersigned officer of Dale Jarrett Racing Adventure, Inc. (the "Company"), hereby certifies, to such officer's knowledge, that the Company's Quarterly Report on Form 10-QSB for the nine months ended September 30, 2006 (the "Report") fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
/s/ Timothy B. Shannon ---------------------- Timothy B. Shannon Chief Executive Officer Chief Financial Officer November 13, 2006
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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Home Latest Filings Latest Buys Latest Sells Institutions Derivatives Hot Buys Data Screener Email Alerts Insider Charts
DJRT - As of 01/31/07, 07:32:03 PM: 21 Insider Transactions.
Sector: Services Industry: Business Services Prev Close:$0.38 Avg Vol(3m): 29,611 P/E: 0.00 EPS: -0.01 Email this page to a friend. Institional Transactions for DJRT Buy: Blue Sell: Red
Buy(P) / Sell(S) P/S date Filed Date Company Symbol Insider Relationship Share Amt. Unit Price Total Proceeds Shares Owned Return(1m) Details S 2004-02-10 2004-02-12 14:49:32 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 5,000 $0.36 $1,800.00 3,454,060 -5.56% view S 2004-02-11 2004-02-12 14:49:32 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 5,000 $0.32 $1,600.00 3,449,060 -18.75% view S 2004-02-12 2004-02-12 14:49:32 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 5,000 $0.31 $1,550.00 3,444,060 -12.90% view S 2003-07-01 2004-02-06 14:27:55 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 5,000 $0.40 $2,000.00 3,901,760 12.50% view S 2003-08-04 2004-02-06 14:27:55 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 4,000 $0.35 $1,400.00 3,897,760 -2.86% view S 2003-08-05 2004-02-06 14:27:55 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 3,200 $0.35 $1,120.00 3,894,560 5.71% view S 2003-10-31 2004-02-06 14:27:55 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 3,500 $0.44 $1,540.00 3,891,060 36.36% view S 2003-11-07 2004-02-06 14:27:55 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 3,500 $0.34 $1,190.00 3,887,560 17.65% view S 2003-11-13 2004-02-06 14:27:55 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 6,000 $0.37 $2,220.00 3,881,560 18.92% view S 2003-11-17 2004-02-06 14:27:55 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 3,500 $0.32 $1,120.00 3,878,060 -9.38% view S 2003-12-03 2004-02-06 14:27:55 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 4,000 $0.28 $1,140.00 3,874,060 -5.26% view S 2003-12-16 2004-02-06 14:27:55 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 4,000 $0.30 $1,200.00 3,870,060 0.00% view S 2003-12-23 2004-02-06 14:27:55 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 4,000 $0.30 $1,200.00 3,866,060 -16.67% view S 2004-01-09 2004-02-06 14:27:55 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 4,000 $0.30 $1,200.00 3,862,060 -16.67% view S 2004-02-04 2004-02-06 14:04:01 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 5,000 $0.36 $1,800.00 3,459,060 0.00% view S 2004-02-02 2004-02-04 12:35:05 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 5,000 $0.40 $2,000.00 3,814,060 0.00% view S 2004-02-02 2004-02-04 12:35:05 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 200,000 $0.10 $20,000.00 3,614,060 -300.00% view S 2004-02-02 2004-02-04 12:35:05 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 150,000 $0.01 $1,500.00 3,464,060 -3,900.00% view S 2004-01-27 2004-01-29 14:39:45 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 10,000 $0.40 $4,000.00 3,819,060 5.00% view S 2004-01-14 2004-01-16 18:05:02 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 23,000 $0.32 $7,360.00 3,839,060 -0.00% view S 2004-01-15 2004-01-16 18:05:02 DALE JARRETT RACING ADVENTURE INC DJRT ROSENBLOOM BRIAN C director 10% owner 10,000 $0.32 $3,200.00 3,829,060 -0.00% view * Filed by insider as open market transaction, but marked as private transaction by insidercow's proprietary method NOTHING BUT BLUE!!!
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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The Dale Jarrett Racing Adventures (DJRT) Outstanding Shares 18,000,000 Estimated Float 5,000,000 shares
DJRA is the closest thing to becoming a real NASCAR driver. The Dale Jarrett Racing Adventure, Inc. (OTC BB: DJRT) was created to fill the public's need for a racing school that provided adventure, excitement and most importantly SPEED! The founders of DJRT have assembled the finest and most authentic equipment available, a staff of dedicated racing professionals to create the fastest and most realistic NASCAR racing experience in the world.
DJRT is the only publicly traded driving school and is dedicated to increasing our shareholders' investment value.
To view DJRT Stock Quote, click here. To view DJRA Financial's, click here.
To obtain an Investor Executive Summary from DJRT, click here.
1-888-GO-RACE-1 Dale Jarrett Racing Adventure 120A North Main Avenue Newton, NC 28658 828.466.8837 local
The racing know how of the Jarrett family is the backbone of each event. Click above to play. Early in October 1998 former IBM executive Tim Shannon approached Dale and Ned Jarrett with a unique business venture. Create an authentic racing adventure where the public could enjoy hands on the sport the Jarrett family has loved for generations. It wasn't long before they formed an investment group made up of Dale and Ned, Green bay Packers quarterback Brett Favre, and fellow NASCAR driver Joe Nemechek. By November the group formally incorporated and hosted their first racing school program on July 4, 1999 in Rockingham, NC. The idea of a truly authentic racing adventure was met with immediate enthusiasm, and the company started trading publicly in June of 2000. Since opening, The Dale Jarrett Racing Adventure has focused on client interaction and Tim Shannon and his staff make sure you have the adventure to remember. safety successfully hosting over 30,000 events without one injury to drivers or staff. DJRA has also held over 350 exciting corporate and private events.
The company continues to grow, bringing the "thrill ride" of a lifetime to a wider audience. In January 2006, The Dale Jarrett Racing Adventure moved into a new primary vehicle care center in Talledega, AL.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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Dale Jarrett Racing Adventure Achieves Record Year Thursday February 1, 9:36 am ET
NEWTON, N.C., Feb. 1 /PRNewswire-FirstCall/ -- Dale Jarrett Racing Adventure, Inc. (OTC Bulletin Board: DJRT - News) announced today that 2006 saw revenue and profit records fall as the company experienced its best year ever. Although they are currently in the process of conducting their annual audit, preliminary figures show that the company made $2.1 million in revenues, exceeding all previous years and based upon preliminary numbers will realize a net profit and positive earnings for the first time in the company's history. They also topped their single quarter record with revenues of over $750,000 in the fourth quarter. ADVERTISEMENT
"This represents a critical milestone in the company's history," commented Tim Shannon, CEO. "It has taken the commitment of a lot of fine employees to build this company into what it is today. It has also taken a great product to generate the kind of customer loyalty that makes a business profitable. Still, reaching this goal is not the point for Dale Jarrett Racing Adventure; achieving profitability is simply an important step in our journey, but one that will allow us to begin to more aggressively pursue other opportunities that can strategically fit within our vision of delivering the finest quality entertainment oriented products and other related businesses while capitalizing on one of the most prestigious brand names in the racing industry. I like to think of this as the 'end' of our 'beginning' and the beginning of a new and even more exciting phase of growth for the company."
The Dale Jarrett Racing Adventure provides lifetime experiences with all of the drama, thrills and excitement that driving your own authentic NASCAR Nextel Cup race car on a nationally renowned Superspeedway can deliver. We call it Full Throttle Living. The company books various dates during the year at NASCAR tracks across the country and customers can purchase packages ranging from a 3-lap ride to an 80-lap adventure weekend. Participants can achieve speeds of up to 165 mph at the Superspeedways and are allowed to pass and draft with other students. In order to reach these speeds safely an instructional session is provided to acquaint the student with the race car, safety precautions and the proper groove of the racetrack. DJRT was founded in 1998 and its shareholders include NASCAR Champions Dale and Ned Jarrett, as well as Dale's brother Glenn, Dale's son Jason, NASCAR driver Joe Nemechek and Green Bay Packers quarterback Brett Favre. More information is available by visiting www.racingadventure.com
Contact: Josh Carden, +1-888-467-2231 or Tim Shannon, +1-828-466-8837, Investor Relations for Dale Jarrett Racing Adventure, Inc.
This press release may contain forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. Such forward-looking statements, particularly as related to the business plans of Dale Jarrett Racing Adventure, Inc. to gain market acceptance, are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the company's expectations and estimates.
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