***** Change of Symbol may trigger a short squeeze. *** Many PRs expected in the next few weeks. *** From Ihub:
Posted by: sc20565 In reply to: None Date:5/21/2007 9:04:24 AM Post #of 17268
BAKERSFIELD, CA -- (MARKET WIRE) -- 05/21/07 -- Extreme Motorsports of California, Inc. (PINKSHEETS: ETMO) (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), has initiated a full program to promote its brand identity and associated trademarks. Soon, the Company will release, both on its website and at its corporate and dealer locations, new branding and corporate identity materials that are being registered with the United States Patent and Trademark Office. As a result of promoting its corporate identity and protecting its intellectual property, the Company now has the right to limit the unauthorized sale of its shares of common stock. The overall strategy is designed to protect shareholders from purchasing shares from naked short sellers, which the Company believes may be counterfeit and violate copyright and trademark protection laws. The Company intends to pursue those who wrongfully "naked short sell" its common stock to the extent that the common stock of the Company is now part of its intellectual property portfolio. Since February 2007, the Company has been working with its corporate and securities counsel to develop a means of protecting its brand and corporate identity, including stock certificates, under U.S. Code, Title 15, Chapter 22 - Trademarks and Title 18, Part I, Chapter 113 - Stolen Property. From a civil law perspective, violations under these laws provide for the recovery of the violator's profits, damages caused by infringement of the trademark and the costs of prosecuting the violation. The statute also provides for treble (three times) profit or damages, whichever is greater, when the violator knowingly uses the pirated mark in connection with a profit-seeking activity. If a trademark infringement is indeed confirmed by final judgment by a trial court, the holder of the trademark can elect to recover up to $1,000,000 per counterfeit mark if "the court finds that the use of the counterfeit mark was willful." From a criminal law perspective, trafficking in counterfeit trademarks carries potential fines up to $2,000,000 and/or imprisonment of not more than 10 years for an individual and fines up to $5,000,000 for violations by companies. In the case of multiple convictions, the fines and imprisonment double for individuals and fines triple for companies. As part of this program, the Company has developed a new certificate which contains both trademarked identity and copyrighted materials. To ensure it would be able to avail itself of the highest level of protection, Xtreme applied for a new CUSIP number, the standard numbering system developed for all U.S. debt and equity securities. This new CUSIP number for the Company's common stock necessitated a corresponding ticker symbol change. As of May 21, 2007, Extreme Motorsports of California, Inc. will trade under the symbol "ETMO." James A. Reskin, General Counsel of the Company stated, "The Company can now claim that its materials are subject to copyright as well as trademark protection and intends to enforce its rights under these laws. Legitimate buyers of the Company's common stock will not be affected, including those who buy and sell electronic representations of our copyrighted and trademarked common stock. "However, those entities who sell stock purported to originate from the Company but which does not, in fact, originate from the Company, may be selling counterfeited and pirated copies of copyrighted or trademarked materials. Therefore, whether due to illegal naked short selling or issuance of counterfeit securities, the Company intends to pursue the unauthorized duplication of its trademarked materials and believes that the remedies available under intellectual property laws should allow us to pursue violators in criminal and civil proceedings for the benefit of all of the Company's shareholders." Xtreme will update shareholders regarding any future legal proceedings the Company may undertake to protect its copyrighted and trademarked common stock. About Extreme Motorsports of California, Inc. Extreme Motorsports of California, Inc., operating under the trade name "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: Investor Relations 661.310.7880 Email Contact News Provided by Acquire Media Corporation
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Posts: 3228 | From: Michigan | Registered: Aug 2005
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(if the avg price is .003 should be completed but if it's lower probably still 100-200m to complete - 33m avg in past 50 days - usually is 1/3)
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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quote:Originally posted by SherriT: Unfortunately the brokers don't have everyone switched yet....does look like it is getting ready though....
The broker will take your orders by phone even the system does not get updated yet. I think ETMO will outperform PDGT due to the rev improvement in the next few months -- a great gamble at this level.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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**** Posted by: stealer6 In reply to: None Date:5/21/2007 11:05:09 PM Post #of 17891
i just raised hell with e-trade about not being able to trade today and they offered to liquidate my position at .0015 because of the inconvenience when I said the word lawsuit. I just about crapped my pants. but they said my whole position would have to be sold and i would not be able to use the funds for 5 days because of processing. I REFUSED.
this whole situation is making me feel like a paranoid schitz
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
I like your idea, Sherri. One must notice that the volume is small. The MMs are taking advantage that many brokers have not changed the symbol yet, and many investors can not trade. Based on the projected rev for 2007 and the share structure, I believe that the pps of ETMO should be at least 2X of ETIM. It's a great gamble at this level. The MMs like to run stocks from the solid bottom. BTW we got a double bottom here and it's very solid.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
Could .0006 be the 52-week low? It seem to be rounding off now and could head up. I just loaded a million just in case.
I like this statement:
"As a result of promoting its corporate identity and protecting its intellectual property, the Company now has the right to limit the unauthorized sale of its shares of common stock. The overall strategy is designed to protect shareholders from purchasing shares from naked short sellers, which the Company believes may be counterfeit and violate copyright and trademark protection laws. The Company intends to pursue those who wrongfully "naked short sell" its common stock to the extent that the common stock of the Company is now part of its intellectual property portfolio."
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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quote:Originally posted by TopRob: Could .0006 be the 52-week low? It seem to be rounding off now and could head up. I just loaded a million just in case.
I like this statement:
"As a result of promoting its corporate identity and protecting its intellectual property, the Company now has the right to limit the unauthorized sale of its shares of common stock. The overall strategy is designed to protect shareholders from purchasing shares from naked short sellers, which the Company believes may be counterfeit and violate copyright and trademark protection laws. The Company intends to pursue those who wrongfully "naked short sell" its common stock to the extent that the common stock of the Company is now part of its intellectual property portfolio."
Would be nice....I hate seeing the 52 week low in my account - LOL
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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quote:Originally posted by MichaelAdamGreen: A NEW 52 week low! .0005
WTF iS gOiNg On!!!
One of the following two cases could have happened:
* Case 1: the company is dumnping shares - if the volume is unusally big; * Case 2: the MMs are taking advatage of the unbalance of supply/demand - today is the Friday before the long weekend and many traders/investors don't want to hold their positions, and dumped them on Market orders. This is a good opportunity to add your positions, as the MMs do. A big takedown is normally followed by an End-of-504 run.
I will add more if case 2 is the reason for the falling pps.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
JimSC, that .0005 trade was only 500k for $250, so I wouldn't think it would be dilution. Your Case 2 might be it or someone just needed some quick cash for the holiday. However it won't be available for 3 to 5 days.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Extreme Motorsports of California, Inc. Completes Letter of Intent to Acquire Southern Offroad Vehicle Services May 29, 2007 9:00:00 AM
BAKERSFIELD, CA -- (MARKET WIRE) -- 05/29/07 -- Extreme Motorsports of California, Inc. (PINKSHEETS: ETMO) ("Xtreme" or the "Company") has entered into a letter of intent to acquire all of the capital stock of Southern Offroad Vehicle Services, LLC ("SOVS"), a company dedicated to providing financing for customers purchasing offroad vehicles. Through this acquisition, Xtreme will not only be able to offer its customers direct financing of sandcar purchases, but will also be the first sandcar manufacturer to offer leasing options, much like any traditional car dealer. Xtreme anticipates the acquisition will be closed no later than June 30, 2007.
In exchange for all of the capital stock of SOVS, Xtreme will pay $10,000 in cash and 15 million shares of Xtreme common stock. Of the 15 million shares of common stock, 10 million will be restricted shares of common stock and 5 million will be free-trading shares. The acquisition is subject only to customary due diligence procedures and legal review of the definitive closing documentation.
In the past, Xtreme required customer down payments at contract signing and final payment upon acceptance of the final vehicle, which required Xtreme to finance the 12-month or more build-out process through the operating cash flow of the company. Now, Xtreme will be able to achieve both greater throughput and profit margins by shifting its financing costs to the customer. SOVS has currently secured $14 million in financing for future customers of Xtreme, both for direct purchases and for leased vehicles. This will provide Xtreme with immediate funding for the build-out of custom sandcars for private customers and "spec" vehicles for its dealers.
"We're thrilled to be able to offer credit to our customers by acquiring SOVS. Now, within a matter of hours, customers will be able to complete a credit application, much like they would at a local car dealership, and receive approval to finance the purchase of our one-of-a-kind sandcars," stated Alan McCaa, President and CEO of Xtreme Motorsports. "Not only does this ease the financial burden for consumers, but it also allows Xtreme to build more cars by compressing our accounts receivable turnover ratio.
"Moreover, Xtreme's new financing division will allow our dealer network to purchase cars through our own finance company and 'floor' these models for retail sales. In effect, this gives our dealers the ability to carry a wide variety of vehicles without having to fund the entire inventory 'out of pocket,'" McCaa continued.
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "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:
Investor Relations 661.310.7880 Email Contact
-------------------- ***********************
It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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Due to profit taking and MMs' control, ETMO will not move much in short term, but she will outshine PDGT in 6 weeks. It normally takes about 3 to 4 weeks to shake out the weak hands. This is a good time to build up your postions.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
I agree JimSC. I increased my position significantly at .0008 this morning. This should do well.
This was significant news. Having spent my career in the Automotive Retail Business, I know that financing is the major drawback. With the financing arm the profits and available cash on hand resulting from it will increase the value. I would also believe,IMVHO, that this is the precursor to some larger orders. Just my gut feeling that financing needs to be in place prior to accepting those orders.
Should be a nice payday here.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
ETMO's sale record is very impressive, last year they sold 45 cars, and the first Q of this year they sold 35 cars, an increase of 300% on per Q basis. When the new orders come in, the pps will have a strong uptrend. Watch it.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
Extreme Motorsports of California Receives Master Distributor Agreement for Extreme Security Vehicles, Provides Share Structure Update Thursday May 31, 2:11 pm ET
BAKERSFIELD, CA--(MARKET WIRE)--May 31, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) ("Extreme" or the "Company") has signed a master distributor agreement with Made in USA Industries, Inc. ("MITUSA"). Extreme selected MITUSA to develop its government sales channel for extreme vehicles to be used in a variety of applications. The first such opportunity in development is an Extreme Security Vehicle ("ESV") for use in U.S. and foreign desert law enforcement, military and private security applications. Extreme has received a commitment for 400 or more of the ESVs pending receipt of a manufacturing work order from Made in USA later this summer. At a minimum, the contract is valued at $39 million to Extreme. ADVERTISEMENT
Made in USA Industries, Inc., a minority/woman-owned small business, was founded to raise awareness of American-made products through its "Made in USA Magazine." The magazine, which was distributed to 20,000 subscribers in its first issue in 2005, now has a current base of over 46,000 paid subscribers and is dedicated to educating consumers on the impact of American-made goods on our national economy, providing brand analysis and evaluation to assist consumers with their purchasing decisions, and featuring products that support U.S. manufacturers and U.S. jobs. Recently, Made in USA expanded operations to target select opportunities its management has developed through its expansive business network, including the ESV project with Extreme.
"We made the decision to work with Extreme to develop its government sales channel based on a number of factors, not the least of which is the fact that the company has been building sandcars in the U.S. for the last 24 years, supporting the principles of entrepreneurship, a cornerstone of our national economy," commented Julie Reiser, Founder of Made in USA Industries. "First and foremost, however, is the fact that Extreme manufacturers the most rugged and technologically advanced sandcars in the industry, which are key factors for the extreme environments in which we anticipate the ESVs will operate and important work their users, both law enforcement and military, will perform."
The proposed ESV model is based on Extreme's Dune Racer frame and chassis, and is available both in four- and two-seat configurations, with a 5.7L V8 engine generating up to 400 horsepower, a "street-legal" accessory package, law enforcement LED lights and sirens, and a fully integrated global positioning system. The vehicles will be capable reaching speeds in excess of 140 mph. Detailed specifications for the EEV are provided below.
"We're looking forward to working with Made in USA and its customers to manufacture what will be the most advanced and robust security vehicles for desert applications ever built," stated Alan McCaa, President and CEO of Extreme Motorsports. "Conforming to military specifications, the ESV will expand our reach beyond recreational users to provide security forces with a new weapon in the defense of public and private assets."
In addition to the agreement with Made in USA Industries, Extreme today provided an update to its share structure as of May 31, 2007. The current share structure is as follows:
-- Common Stock -- Restricted: 10,685,069 -- Free-trade Certificated: 498,631,207 -- Free-trade Electronic or "Street Name": 913,109,515 -- Total Issued and Outstanding: 1,422,425,791 -- Preferred Stock -- Total Issued and Outstanding: 5,000,000 Commenting on the updated share structure, Mr. McCaa stated:
"The increase in the number of outstanding shares of the Company was to compensate service providers, sales agents, consultants and our legal team over the last several months. We anticipated paying most of these professional fees in cash, but many of the individuals asked to receive shares to have some 'skin in the game' and benefit in the future from the increased shareholder value they are bringing to the table.
Today's announcement is one such example, where individuals who are making introductions to contract awards that management believes can significantly increase our revenues have requested stock-based compensation in lieu of cash.
As stated in our previous release, we were able to acquire Southern Offroad Vehicle Services for both cash and stock. The legal and due diligence fees associated with this acquisition, although not significant, were also paid with shares.
Finally, the legal fees incurred for our extensive branding, copyright and intellectual property protection problem to combat the naked short selling problem were also paid with shares.
While we realize the increase in our issued and outstanding shares is significant, and a departure from our previous plan to secure the cancellation of certain blocks of outstanding shares, management believes the issuance of this stock is the best interests of the Company to provide a solid foundation for growth of our revenues, as well as to address certain shareholder concerns related to naked short selling.
Within the next few days, we will also provide a status update regarding the previously announced dividends, which the Company is currently working to finalize through its attorneys, transfer agent and DTC."
Extreme Security Vehicle 2008 Model Specifications
2008 Dune Racer 4130 Chromoly Chassis Upper & Lower 4130 Chromoly A Arms - Powdercoated 4130 Combo spindle assemblies - Powdercoated 4130 Chromoly Trailing Arms - Powdercoated HOWE 2.5" Power Rack & Pinion Swedged CNC tie rods w/ 4130 Rod Ends Steering Assembly, joints & shaft carrier Grant steering wheel with quick disconnect Xtreme 930 Microstub assemblies with disk brakes & 4 piston calipers Front disk brakes with 2 piston racing calipers 930 high angle drive axles 2.5" Front Xtreme coil over shocks with externally adjustable bypass control 3" rear Xtreme coil over shocks with externally adjustable bypass control Solid aluminum floor with sprayliner finish CNC pedal assembly steel braided brake & clutch lines dual odyssey batteries with boxes and solenoid 35 gallon custom fuel cell with fuel sender HD aluminum wheels with front & rear beadlocks 33" Dirt Tire Package (includes spare tire & wheel) Four (4) extra wide suspension seats with stationary headrest (includes seat packets) Driver & Co-pilot seat slider brackets Four (4) 3" 5 point safety belts with shoulder padding Two (2) ACRO HID lights and LED brake/tail/running lights Roof Rack with four HID lights, spare tire carrier & fuel/water canister carrier Fiberglass body (includes front enclosure, dash, hood, windshield, firewalls, side panels, roof) Street legal package (includes parking lock brake, front & rear turn signals, license plate holder & light, Horn & windshield wiper Powdercoated chassis, suspension & springs CBM 5.7L V8 with fuel injection & Xtreme Air Filters (Approx. 400HP) Semi Automatic H Pattern 4 or 5 Speed Transmission with Trans Cooler, Reservoir & Shifter Passenger grab handles and side steps Digital gauges system LED dome lights Passenger footrest with built in ice chest holder Rear & side view mirrors PCI radio system with four headsets Lowrance 8.4" Color GPS Dual Fresh Air Systems Top Mount Police/ Security LED Light bar with Siren Package Fire Extinguisher, First Aid Kit, Arm Restraints Lexan divider between front & rear passengers for detainee restraint ASK ABOUT OUR COMPLETE LINE OF SECURITY OPTIONS Infrared Lighting Options, Garmin GPS, Mobile Laptop Communication Systems, Diesel Engines & more available About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "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 U.S. For more information, visit the corporate web site www.xmssandcars.com.
About Made in USA Industries, Inc.
Made in USA Industries, Inc. is an outsourced sales and business development company dedicated to the promotion of American-made products. Founded in 2005, Made in USA is also the publisher of Made in USA Magazine, the American consumers' one-stop source for products manufactured in the United States of America. Each issue covers a wide variety of products which meet the Federal Trade Commission's Made in USA criteria. Readers will learn about products manufactured in the United States, both by American- and foreign-owned corporations.
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: Contact:
Investor Relations 661.310.7880 Email Contact
-------------------------------------------------------------------------------- Source: Extreme Motorsports of California, Inc.
Posts: 2383 | Registered: Apr 2006
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Posted by: vlftraders In reply to: None Date:5/31/2007 3:33:46 PM Post #of 19539
Throw a 10K at us, and we'll move even more. EM
**** Posted by: hotdog1012 In reply to: vlftraders who wrote msg# 19449 Date:5/31/2007 3:40:49 PM Post #of 19541
vlf...you know how my confidence was shaken earlier on this company. But I have to tell you that that PR just put a spark back.
While I am not happy with the increase in OS, I have added today and I haven't sold one share from earlier. I'm still holding long.
It may be that I just have to turn off the ETMO ticker for awhile, but there is no reason this can't be a .25 to .50 stock.
It's taking allot of beating down, from multiple sources, but once multiple contracts are signed, once there is 2 or 3 quarters of proven ever increasing revenue crossing the books, then this will definately become a life changer for those who hold long through all the thunder and lightning.
I'm holding....see you on the other side...
P.S. Thank you, VLF! You have been a steady voice of reason to keep us going.
posted
Dipped to .0005, but could explode anytime now. With the $39 million contract, it's just a matter of time.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Talk on IHub is that MM are keeping ETMO low to load up for a big run that's coming soon.
Maybe a little dilution, but the way this thing has been dropping it has to be a lot of shorting going on. So pretty soon there's going to be a short squeeze and a run to the moon.
-- Total Issued and Outstanding: 1,422,425,791
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
I checked the daily volume, dilution is not a problem. The situation is the same as RSDS and SMAS -- the MMs need more shares to run a stock. We need to wait and give the MMs more time.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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