Xtreme Motorsports Initiates Steps to Develop Breakthrough Transmission System; New Transmissions to Increase Quality and Reduce Costs, Manufacturing Time
BAKERSFIELD, CA -- (MARKET WIRE) -- December 15, 2006 -- Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme"), a manufacturer of extreme long travel sandrails, desert and dual sport racecars, has entered into discussions with several firms to produce an advanced line of sandcar transmission systems. The new systems are intended to benefit Xtreme by reducing delivery times, providing a 60% reduction in procurement costs and allowing the company to become a reseller of transmissions to other sandcar manufacturers and customers in need of replacement units. The company expects to formalize the relationships with contractors in the first quarter of 2007.
In the past, manufacturing transmission systems for sandcars and dual sport racecars has been a lengthy process, requiring off-the-shelf parts to be re-manufactured into a single system onsite, depending on frame and engine selection by the customer. Now, Xtreme will stock several lines of transmissions with plug-and-play components and mounting solutions to fit any combination of frame and engine.
"The development of proprietary transmission systems is one of several key strategic initiatives we are implementing to ensure rapid growth in 2007," commented Alan McCaa, CEO of Xtreme Motorsports. "The current time from order to delivery of a transmission averages 6-8 months and represents the number one determinant of delivery time to the customer. Now, we will be able to meet customer demand on a timely basis while improving quality, and our top and bottom lines."
To ensure the efficient internalization of transmission system manufacturing, Xtreme has entered into discussions with an engineering project management firm to oversee processes such as engineering, manufacturing, importing, shipment and marketing of the systems.
In addition, the company has tapped a computer-aided design expert to work with the Xtreme Team and the engineering firm to design the transmissions to the company's specifications based on years of management and staff experience.
Finally, Xtreme has entered into discussions with a Chinese company, with current transmission customers such as Nissan, Mitsubishi and Toyota, to build the units.
The Company intends to update shareholders on the progress of formalized relationships with the aforementioned contractors after the first of the year.
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.
SOURCE: Xtreme Motorsports of California, Inc.
Posted by dollar13 on :
Xtreme Motorsports: Penny Land on the Horizon
Thomas J. Catino 2/04/2007 7:06 PM EST E-mail author | E-mail article | RSS | Link
Xtreme Motorsports (OTC: XTMS), a manufacturer of extreme long travel sandrails and desert racecars, finished the day higher on Friday by 21.53% to close at $.0085 on record volume of 8.91 million shares. The stock is coming off a recent 52-week low, probably getting some action from traders who are picking up shares from technically oversold levels. News Xtreme Motorsports could be on the horizon as the company last announced in December it was in discussions with several firms to produce an advanced line of sandcar transmission systems. Xtreme has entered into discussions with a Chinese company, with current transmission customers such as Nissan, Mitsubishi and Toyota, to build the units. With the company expected to update shareholders on these potential deals early this year, news could come out at any time and be the catalyst for shares to move back into penny land.
.014 gonna play the bounce, but its like trying to catch a falling knife lol
Posted by hedfe on :
waiting for .01-.012 for a bounce just flip it dont hold it... its a pink
Posted by EverGreen on :
yes now at .012 is the safe load zone
Posted by hedfe on :
here comes .01 then a bounce down 64% solid company LMAO
Posted by dollar13 on :
DAMNNN... THIS THING DROP REAL FAST TODAY....
Posted by hedfe on :
.0105 down 69% gotta bounce soon lol
Posted by hedfe on :
down 70% and still going Posted by dollar13 on :
COULD BOUNCE FROM THE 0.011's to 0.02's
IMO
Posted by dollar13 on :
EASY MONEY
LOL
Posted by hedfe on :
anything under a penny is a steal imo
Posted by mrinos on :
running again hard
Posted by EverGreen on :
ready for tomorrow real bounce? (hope so)
Posted by Spartans on :
What's with the ESPN rumor...Does anyone know anything happening tomorrow?
Posted by alohar1 on :
i'm in!!!
Posted by EverGreen on :
here is the rumored news - big selloff yesterday was done by MM to have cheap shares!
Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme"), the world's only publically traded sandrail and dual sport racecar manufacturer, announced today a key component of its recent growth initiatives: a plan to on-ramp 24 dealerships of its one-of-a-kind sandcars in 24 months. Extreme Motorcar Marketing of Utah is the first distributor signed up under the program and has committed to purchase 24 sandcars from Xtreme for resale over the next year for a total retail value of approximately $1.6 million. "With nearly 20 years in the motorsports industry, it has been exciting [for Extreme Motorcar Marketing] to see the explosive growth in the sandcar market... and Xtreme makes the best machines available for incredible value. We have signed on as a dealer representative for Xtreme Motorsports of California and will launch a branding campaign in the West. Our company will set up sandcar dealers across the southwestern states initially with a goal of 25 new dealers in 2007. We are also currently developing dealer and customer financing programs to make the buying decision a little easier," Michael Southworth, Managing Member of Extreme Motorcar Marketing, LLC. The "24 in 24" program is set to change the way in which sandcars are marketed and sold throughout the world. Historically, the sandcar industry has been driven primarily by custom, contract manufacturing, with some buyers waiting up to 12 months for delivery of a fully loaded sandcar. Xtreme will now be able to manage customer demand much like a traditional car manufacturer, with stock sandcars available for immediate purchase. "I'm thrilled to have Extreme Motorcar Marketing as our anchor distributor in the '24 in 24' program," commented Alan McCaa, Chief Executive Officer of Xtreme Motorsports. "We've worked with Mike Southworth, President of EMM, for three years and are looking forward to growing our mutual business for years to come." "2006 was about taking the company public, securing additional growth capital from investors and completely retooling our internal operations. Once these steps were completed, we knew the next step in the process was to streamline and professionalize our sales and distribution channels to accommodate rapid growth. We're focused on delivering volume to drive brand value; high-quality sandcars to the masses with a custom feel at a not-so-custom price," continued McCaa. Under the terms of the agreements with dealers and distributors, each must commit to purchasing 12 and 24 sandcars over a 12-month period, respectively. In addition, both dealers and distributors are required to grant exclusivity to Xtreme for sandcar sales, where sales of sandcars by competitor manufacturers, other than aftermarket parts support, are prohibited. Once qualified through a rigorous evaluation process, the new dealers and distributors benefit from tiered reseller pricing discounts, signage and marketing tools, state-specific legal sales templates and an initial stock of sandcars available for sale.
Posted by lukin4winners on :
That is absolutely fantastic news.. the orchestrated dump yesterday was seems to be someone in the know wanting to get cheap shares. Great news and more to come ...still time to get bargain basement prices. glty
Posted by Spartans on :
Agree with all you just posted...I still am looking to track down the ESPN rumor..that.. a miniseries involving ESPN and Motorsports is about to be PR'd...I'm hoping the rumor wasn't put out by a group or individual as Bullsheet.Anyone hear anything?
quote:Originally posted by lukin4winners: That is absolutely fantastic news.. the orchestrated dump yesterday was seems to be someone in the know wanting to get cheap shares. Great news and more to come ...still time to get bargain basement prices. glty
Posted by EverGreen on :
disappointing so far - hope found a bottom
Posted by jilly123 on :
watch it
Posted by EverGreen on :
more sales in discussion
Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS), a manufacturer of extreme long travel sandrails, desert and dual sport racecars, has completed the move into its new facility, which will provide a two-fold increase in the size of the manufacturing space to 6,000 sq. ft. and as much as a 500% increase in annual sandcar production. The new facility features a Service Department, a Parts Department and 6 dedicated bays for assembly. In addition, parts storage has increased three-fold, providing Xtreme with the ability to ensure timelier throughput for vehicle builds. The refit and expansion of Xtreme's facilities represents one facet of the company's overall strategic initiative to increase sales and production significantly over the next several years. Ultimately, management plans to compress sales cycles from a full year, in some cases, to a matter of weeks where pre-manufactured sandcars are available for immediate purchase in the dealer pipeline. "Xtreme is currently working on 9 custom cars for private buyers and we have 15 on order, as announced yesterday, with Extreme Motorcar Marketing, representing a 15% increase in year-over-year backlog," commented Alan McCaa, CEO of Xtreme Motorsports. "In addition, we've entered into a letter of intent with a new dealer to purchase 10 sandrails and are in discussions with five other dealers for several dozen new orders. We're pleased with the demand for our unique products and, with the new facility, are now in a better position to deliver than ever before. "We've made a commitment to reduce delivery times for custom sandcars from up to 12 months and more, down to 90 days. Presently, we're down to a 6-month backorder time, just with the new facility. Over the next few quarters, we're going to focus on a redevelopment of our raw material and parts procurement and will update shareholders accordingly as we reach critical milestones under that process," McCaa continued.
Posted by lukin4winners on :
That's great news as was the news from 2/7 . The gap has been filled from .008 area to .041 now it's time to reverse imo.
Posted by Fuzzy1018 on :
this will go today imo; buys went through at ask .01 and they bring it down. .009 now
Posted by Fuzzy1018 on :
1 MM left at .0095 reversal happening imo
Posted by Fuzzy1018 on :
wow an unexpected drop; .0065/.007 may be a good entry
Posted by EverGreen on :
i'm still in. this is gonna be one fun ride here.
Posted by dollar13 on :
Posted by: Cane In reply to: slojab who wrote msg# 2009 Date:2/18/2007 8:54:18 AM Post #of 2033
Would not be a bit surprised to get updates on that information. I am glad the company waited for the dust to settle after the cliff dive... No point in throwing out news when people are bailing.
XTMS NEWS shorts run for cover....when they do watch out above! Xtreme Motorsports to Provide Stock and Cash Dividend to Shareholders Feb 20, 2007 8:30:00 AM BAKERSFIELD, CA -- (MARKET WIRE) -- 02/20/07 -- Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), today announced a stock and cash dividend to shareholders of record as of February 12, 2006. The Company is in the process of determining the exact amounts of the stock and cash dividend and will release additional information on or before February 28, 2007. Xtreme anticipates completing the distribution on or before June 1, 2007.
This cash and stock dividend is intended to protect shareholders and address the recent drop in share price during the week of February 5, 2007, which the Company believes is the result of reputable brokerages engaging in the illegal practice of naked short selling. The Company will consider taking further action if this activity continues.
While purchasers who have bought this "naked-shorted" stock may not be able to participate in the proposed dividend distribution, they may have a claim or cause of action against their brokers or the seller of the non-existent stock. For this reason, the Company is urging shareholders to contact their brokers to determine if they purchased naked-shorted stock.
"Our intent is to both protect and reward shareholders, as well as to cause any short sellers to cover their positions," commented Alan McCaa, President & CEO of Xtreme Motorsports. "On an annual basis, Xtreme will evaluate the distribution of a dividend to shareholders and hope to increase the amount in the future.
"Overall, our goal is to maintain and grow shareholder value, and we have been working diligently to professionalize and grow our operations as part of that commitment. The recent drop in stock price is of concern and we hope the dividend will assure shareholders we are acting as good stewards of their investment," McCaa continued.
Posted by Spartans on :
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Xtreme Motorsports to Provide Stock and Cash Dividend to Shareholders
BAKERSFIELD, CA, Feb 20, 2007 (MARKET WIRE via COMTEX) -- Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), today announced a stock and cash dividend to shareholders of record as of February 12, 2006. The Company is in the process of determining the exact amounts of the stock and cash dividend and will release additional information on or before February 28, 2007. Xtreme anticipates completing the distribution on or before June 1, 2007. This cash and stock dividend is intended to protect shareholders and address the recent drop in share price during the week of February 5, 2007, which the Company believes is the result of reputable brokerages engaging in the illegal practice of naked short selling. The Company will consider taking further action if this activity continues.
While purchasers who have bought this "naked-shorted" stock may not be able to participate in the proposed dividend distribution, they may have a claim or cause of action against their brokers or the seller of the non-existent stock. For this reason, the Company is urging shareholders to contact their brokers to determine if they purchased naked-shorted stock.
"Our intent is to both protect and reward shareholders, as well as to cause any short sellers to cover their positions," commented Alan McCaa, President & CEO of Xtreme Motorsports. "On an annual basis, Xtreme will evaluate the distribution of a dividend to shareholders and hope to increase the amount in the future.
"Overall, our goal is to maintain and grow shareholder value, and we have been working diligently to professionalize and grow our operations as part of that commitment. The recent drop in stock price is of concern and we hope the dividend will assure shareholders we are acting as good stewards of their investment," McCaa continued.
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 U.S. For more information, visit the corporate web site www.xmssandcars.com. Posted by lukin4winners on :
Spartans we both have the same timing...good luck to all here...get shorty...lol
Posted by ottoman on :
TO DA STINKIN' MOON!!!!!!!!!!!!! Posted by Spartans on :
Yepper...watching close this week...resistance levels at .008, .017 and .021...good luck
quote:Originally posted by lukin4winners: Spartans we both have the same timing...good luck to all here...get shorty...lol
Posted by ottoman on :
quote:Originally posted by ottoman: TO DA FRIGGIN' MOON!!!!!!!!!!!!!
Break through .01 and weeeeeeeeeeee
Posted by ottoman on :
LET'S SEE .02 TODAY!
Posted by ottoman on :
.009 PRE market!!
Posted by dollar13 on :
0.009 PRINTING
PREMARKET
Posted by ottoman on :
.01 BOOM!!!!!!!!!
Posted by dollar13 on :
BACK TO 0.01 AGAIN
Posted by Homersbud on :
Weeeeeeeeeeeee!
Posted by alohar1 on :
this is bottom people. great company with great investor relations.
Posted by Spartans on :
Agree...I like the chart at this point..
quote:Originally posted by alohar1: this is bottom people. great company with great investor relations.
Posted by EverGreen on :
tomorrow should be interesting
Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), a manufacturer of extreme sandrails, desert and dual sport racecars, today announced the launch of a new line of 4-seat mid-travel performance sandcars to target first-time buyers looking to get involved in off-road motorsports at a reasonable price. The new line of turn-key racecars, dubbed the "Sportster MT" will retail between $17,500 and $24,000 and can be delivered in less than 45 days, a vast improvement over the 6-8 month delivery time for a custom sandcar. Xtreme is building the Sportster MT line of cars to address the demand in the marketplace for fully featured, production line sandcars, with many of the same components found in high-end vehicles, without the high-end price. The hallmark of the design of this value-priced vehicle is the suspension system, which will have 14-16 inches of travel. Most "economy" sandcars have 5-7 inches of travel, whereas high-end models such as the 2007 Sandmaster have up to 24 inches of travel. The higher the "travel," or vertical differential, the better performance and handling drivers and riders experience in extreme terrain. "Through the roll-out of this new vehicle, I hope to communicate to both customers and shareholders alike our goal in positioning Xtreme as the value leader of the off-road motorsports industry," commented Alan McCaa, President & CEO of Xtreme Motorsports. "The Sportster MT, which is almost a year in the making, represents our best in manufacturing an affordable, yet powerful, racing sandcar. It's everything a family needs to get involved in off-roading, whether in sand or dirt environments. "Although customers will be able to finance the Sportster MT for as little as $125 per month, we want them to know that this is an affordable car, not a 'budget' or 'economy' vehicle; it will stand up to the most adventurous users and arduous conditions," finished McCaa. The Sportster MT models will offer a choice of colors, Garmin eTrex GPS navigation, King Shocks, heavy-duty aluminum alloy wheels, race-grade suspension seats, 5-point seat belts and chromed accessories. Buyers will be able to choose from three different engines, available in 150, 175 and 200 horsepower configurations. In addition, customers can choose dirt or sand tires based on the primary terrain in which the racecars will be used. Xtreme is taking delivery of the first of the frames and components today and will make available photos and detailed specification of the Sportster MT model on its website by the middle of March 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. Posted by alohar1 on :
second that. today was nice to see. slow and steady.
Posted by alohar1 on :
oh yeah confirmed buy on *************. wish everyone the best of luck
Posted by Spartans on :
Resistance at .0105, .012, .021 then .041..Nice ascending triangle...good luck
Posted by worldfamous on :
Not looking so hot right now. Guess the news about a 'value' sandcar didn't strike much interest.
Posted by Spartans on :
Nope...the whole market tanked today...Almost every stock was red...Let's see if it levels off soon...
quote:Originally posted by worldfamous: Not looking so hot right now. Guess the news about a 'value' sandcar didn't strike much interest.
Posted by Spartans on :
After hours PR...Explaination of the dividend...Interesting approach to deal with NSS...Any thoughts? I have no idea how this may affect the PPS...Hope it's north...
Xtreme Motorsports Provides Update Regarding Cash and Stock Dividend BAKERSFIELD, CA -- (MARKET WIRE) -- February 28, 2007 -- Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company") today provided an update regarding the cash and stock dividend announced on February 16, 2007. Shareholders of record as of February 12, 2007 will receive a 1% stock dividend, or 1 share of restricted common stock for every 100 held as of the record date, and a cash dividend of $0.0001 per share. The Company anticipates completing the distribution on or before June 1, 2007.
As previously announced, the cash and stock dividend is intended to protect shareholders and address the recent drop in share price during the week of February 5, 2007, which the Company believes is the result of reputable brokerages engaging in the illegal practice of naked short selling. The Company will consider taking further action if this activity continues.
"While we understand that the dividend is relatively small, our intent was to cause any short sellers to cover their positions," commented Alan McCaa, President & CEO of Xtreme Motorsports. "On an annual basis, Xtreme will evaluate the distribution of a dividend to shareholders and hope to increase the amount in the future."
Posted by ottoman on :
seems like the more news that comes out for this stock, the more it acts like steaming dog dookie.
If the chart is so great, why can't all this great news jump start the stock?
Its like saying, "wow, this stock is a vile of super-volatile nitroglycerin....the slightest movement will set it off."
and all the pounding on it with a sledge hammer wont do squat!
I gave up and sold it early last week.
hope it runs soon for all those still in Posted by worldfamous on :
I think when the entire market dropped like a prom dress it took alot of focus away from the pennies. Unfortunately if we actually do head towards a recession then XTMS might struggle since they manufacturer toys. When the economy slows, so does excessive spending/purchasing expensive toys. Again, this is only my opinion, and I am a complete moron so take it for what it's worth.
Oh, and I am waiting for this one to pop.
Posted by dollar13 on :
quote:Originally posted by worldfamous: I think when the entire market dropped like a prom dress it took alot of focus away from the pennies. Unfortunately if we actually do head towards a recession then XTMS might struggle since they manufacturer toys. When the economy slows, so does excessive spending/purchasing expensive toys. Again, this is only my opinion, and I am a complete moron so take it for what it's worth.
Oh, and I am waiting for this one to pop.
I AGREE , MANY PENNY STOCKS ARE FREEZE UP CAUSE OF THE MARKET MELTDOWN LOL...
GOOD DAYS TO COME AFTER THAT GLITCH
IMO
Posted by dollar13 on :
MOVING FAST
WTF
Posted by dollar13 on :
PRINTING 0.007
Posted by CashCowDave on :
today is last day before big run starting, IMO..
hearing big groups and multi-PR's coming..
we shall see!
Posted by FurrySound on :
Looking great today on strong news
Posted by dollar13 on :
OH YEAH LOOKING GOOD AGAIN
Posted by EverGreen on :
.007 is THE wall - need absolutely to break this time and then attack .01
Posted by EverGreen on :
new divi on monday
"On February 20, 2007, Xtreme Motorsports (PINKSHEETS: XTMS) announced a dividend to shareholders of record as of February 12, 2007. We received numerous emails and phone calls regarding this dividend. Most were appreciative of the fact that we were concerned about our investors and shareholders. However, we failed to take into consideration those shareholders who have joined us after February 12, 2007. Your concerns were heard, and we are now announcing an additional upgraded dividend for shareholders of record as of March 12, 2007. We are in the process of determining the exact amounts of stock and cash for this new dividend and will release additional information within the coming weeks. "Xtreme anticipates completing the distribution on or before June 1, 2007. We are committed to our shareholders and we will continue to strive to be a profitable company and achieve growth for our shareholders. We are excited about our company, our opportunities, our future and our goals. We urge you to continue to monitor the company for near term announcements that will greatly affect the future of the company and our shareholders."
Posted by lukin4winners on :
Public Reply | Private Reply | Keep | Last Read Next 10 | Previous | Next Posted by: Stock Analyzer In reply to: None Date:3/9/2007 8:18:40 AM Post #of 9715
XTMS Xtreme Motorsports Provides Important Shareholder Update
BAKERSFIELD, CA, Mar 09, 2007 (MARKET WIRE via COMTEX) -- The President and CEO of Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), Alan McCaa, today provided a statement regarding the Company's current share structure, the recent drop in price and the substantial increase in short selling of the Company's common stock:
"We have all often read of or experienced the growing problem of naked short selling seen in many publicly traded stocks. Until this year, this has never been a concern for Xtreme, but given the recent volatility and subsequent decline of our stock price, we are now painfully aware of the issue. Other than growing our business, I have, over the last few days, taken several steps that I hope will convey to shareholders that the company believes the shorting to be a mission critical issue.
"Regulation SHO and NASD Rule 3360 require all member firms to report their short positions on a monthly basis. According to the most recent report, we have experienced an astounding 4,208% increase in our short position from January to February. We believe it may be more severe.
"Effective today, the Company has:
--Ordered a Non-Objecting Beneficial Owner List (NOBO) from ADP Investor Communications; --Ordered a current Depository Trust Corporation (DTC) Shareholder Position Report (a "DTC Sheet") to match against the NOBO List; --Hired a forensic accountant to fully investigate any discrepancies in these reports across the brokerages and market makers suspected of shorting Xtreme's stock.
"Our understanding is that the findings of forensic accounting firms are admissible in legal proceedings and we intend to pursue all legal action to address this shorting abuse, no matter how far it may go. Illegal short sellers need to be brought to account.
"Shareholders have also asked for detailed, confirmed common stock structure directly from Xtreme. The structure is as follows:
"In addition, the board of directors of the company has held a special meeting and resolved that Xtreme Motorsports will not consider or otherwise effect a reverse split of the common stock of the company for the next six months at the very least. We believe this would not be beneficial for shareholders at this time and have decided to maintain the status quo.
"We hope this information addresses certain outstanding questions for our shareholders and appreciate their continued support."
Alan McCaa President & CEO Xtreme Motorsports of California, Inc.
Posted by lukin4winners on :
News Mar. 12 2007:
XTMS -- Xtreme Motorsports of California, Inc. Com ($0.001)(New) COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Xtreme Motorsports Secures Cancellation of Approximately 47% of Issued and Outstanding Common Stock
BAKERSFIELD, CA, Mar 12, 2007 (MARKET WIRE via COMTEX) -- Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), in response to shareholder concerns related to dilution, has secured the cancellation of approximately 394 million of the 839 million shares of common stock issued and outstanding. The majority of the cancellations were effectuated on March 9, 2007. Currently, the number of issued and outstanding shares of common stock of the company amounts to approximately 445 million, and is structured as follows:
-- Total: 445 million -- Free-trading, Certificated: 330 million -- Free-trading, Electronic (the "Float"): 115 million
The Company will be working over the next several weeks to secure cancellation of additional shares as part of its efforts to improve the quoted price per share of Xtreme's common stock. "While we have identified at least four market makers perpetrating significant shorting of our stock, our efforts to cause these groups to cover and improve our quoted price per shares through the issuance of dividends have not had the desired effect," stated Alan McCaa, President and CEO of Xtreme. "By way of this immediate cancellation of a substantial number of our outstanding shares, we are bringing an immediate benefit to shareholders who have purchased stock in the open market -- each now owns 47% more of the company.
"As part of this cancellation initiative, I have canceled all of my restricted common stock, amounting to approximately 254 million shares, and now only hold preferred stock in our company. I hope this is indicative of my concern for shareholders, my belief in the operational success of Xtreme and in our future prospects for significant revenues and profitability.
"We will continue update shareholders regarding the status of this recapitalization effort, as well as any developments in our naked short selling forensic investigation," McCaa continued. "We also wish to assure shareholders that the company has no plans to further dilute shareholders, other than the distribution of dividends which will take place as previously announced, or increase our authorized capital."
Posted by Abe Smith on :
english please? =)
Posted by Spartans on :
Huge...Huge...Huge...NEWS today...I'm getting in this big time today...If the CEO is right and this has been shorted we could see a rarely seen huge short squeeze...
Posted by a surfer on :
Taking off!!!
Posted by THE DUKE on :
OH YEA!!!XTMS running like a scalled dog!! Posted by swan97 on :
This is great news! If I understand it correctly, we now own 47% more of the company than we did last week. I'm definately buying while it's still low for more instant profit.
Posted by THE DUKE on :
What is wrong with this stock it should be gaining on to a penny by now. Either the Ceo is lying or their is a concerted effort to keep this stock down. Posted by EverGreen on :
or they can (re)sell the cancelled shares
quote:Originally posted by THE DUKE: What is wrong with this stock it should be gaining on to a penny by now. Either the Ceo is lying or their is a concerted effort to keep this stock down.
Posted by dollar13 on :
0.0039 LOOKING GOOD
HUGE VOLUME TODAY
Posted by dollar13 on :
0.004 HARD TO BEAT
Posted by THE DUKE on :
Called the Ceo left message. I hope he Can do like Mark Cuban says"{ shorts don't kill good companies, good companies kill shorts) Posted by THE DUKE on :
Great! We closed at .0040. Got some good numbers in that late pr. Should be atleast a nickle right now . Gap tommorrow.(imo) Posted by alohar1 on :
can't wait to see this one tommorrow. this one is gone!!!!
Posted by dollar13 on :
THIS IS THE LATE PR
Xtreme Motorsports Provides Update on Current $12 Million Sales and Opportunity Pipeline Monday March 12, 3:37 pm ET
BAKERSFIELD, CA--(MARKET WIRE)--Mar 12, 2007 -- Xtreme Motorsports of California, Inc. (Other OTC:XTMS.PK - News) ("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 intent with 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.
-------------------------------------------------------------------------------- Source: Xtreme Motorsports of California, Inc.
Posted by Gutsy22 on :
Lets see this roller coaster RIDE!!!!!!!!!!!!!!!!!!!!!!!!!!
Posted by Spartans on :
If there's a stock in pennyland that should have a short squeeze soon this one is it...
Posted by dollar13 on :
Xtreme Provides Updates on Current Projects, Marketing and Strategic Initiatives Tuesday March 13, 11:07 am ET
BAKERSFIELD, CA--(MARKET WIRE)--Mar 13, 2007 -- Xtreme Motorsports of California, Inc. (Other OTC:XTMS.PK - News) ("Xtreme" or the "Company"), today provided an update of current projects underway, including its new transmissions, the 2008 Olympic Games project, and the "World's Greatest!" TV show, among others.
-- Xtreme continues the development of its new transmissions featuring improved design and technology commensurate with race-grade systems available in high end, custom sandcars. Management continues to meet with its engineering and drafting team to complete the design phase of the project. The company hopes to produce a prototype and complete testing of the transmission before the end of 2007 before installing the new transmissions in all of its vehicles before the end of 2008.
-- Later this week, the Company's Asia-Pacific business development team is traveling to China to hand-deliver and negotiate our quote for the initial 10 sandcars to be featured at Olympic Village for the 2008 Summer Games. Not only is the order significant from a revenue perspective, the Olympics is a substantial, high-profile venue to increase exposure to Xtreme's vehicles and off-roading in general.
-- The "World's Greatest!" TV Show, although delayed due to scheduling conflicts and the importance of completing the refit of Xtreme's new manufacturing facility, is anticipated to complete filming within the next few months. The "World's Greatest!" is distributed to more than 100 million potential households through national cable outlets such as PAX, OLN, A&E, and the Travel Channel.
-- Negotiations continue with new dealers under the 24 dealers in 24 months program. The Company has secured one master distributor under this program and in negotiations with 13 additional dealers across ten U.S. states and three countries. Xtreme believes this initiative is on track and will meet, at the very least, the 24-dealer goal by the end of 2008.
-- The Company is currently working on a special "tribute" vehicle project that has been in development for over six months. Additional details will be available soon.
In addition to activities previously announced, Xtreme is pursuing several strategic partnerships to not only expand options available to its customers, but to align itself with high-quality companies producing complementary and synergistic merchandise. Currently, Xtreme is working with eight firms to develop cross-marketing opportunities across the off-road industry, including trade organizations, producers of custom trailers and manufacturers of well-known energy drinks.
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.
-------------------------------------------------------------------------------- Source: Xtreme Motorsports of California, Inc.
Posted by lukin4winners on :
NEWS! This company is doing all it can to bolster the stock: Xtreme Provides Updates on Current Projects, Marketing and Strategic Initiatives Mar 13, 2007 11:07:00 AM BAKERSFIELD, CA -- (MARKET WIRE) -- 03/13/07 -- Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), today provided an update of current projects underway, including its new transmissions, the 2008 Olympic Games project, and the "World's Greatest!" TV show, among others.
-- Xtreme continues the development of its new transmissions featuring improved design and technology commensurate with race-grade systems available in high end, custom sandcars. Management continues to meet with its engineering and drafting team to complete the design phase of the project. The company hopes to produce a prototype and complete testing of the transmission before the end of 2007 before installing the new transmissions in all of its vehicles before the end of 2008.
-- Later this week, the Company's Asia-Pacific business development team is traveling to China to hand-deliver and negotiate our quote for the initial 10 sandcars to be featured at Olympic Village for the 2008 Summer Games. Not only is the order significant from a revenue perspective, the Olympics is a substantial, high-profile venue to increase exposure to Xtreme's vehicles and off-roading in general.
-- The "World's Greatest!" TV Show, although delayed due to scheduling conflicts and the importance of completing the refit of Xtreme's new manufacturing facility, is anticipated to complete filming within the next few months. The "World's Greatest!" is distributed to more than 100 million potential households through national cable outlets such as PAX, OLN, A&E, and the Travel Channel.
-- Negotiations continue with new dealers under the 24 dealers in 24 months program. The Company has secured one master distributor under this program and in negotiations with 13 additional dealers across ten U.S. states and three countries. Xtreme believes this initiative is on track and will meet, at the very least, the 24-dealer goal by the end of 2008.
-- The Company is currently working on a special "tribute" vehicle project that has been in development for over six months. Additional details will be available soon. In addition to activities previously announced, Xtreme is pursuing several strategic partnerships to not only expand options available to its customers, but to align itself with high-quality companies producing complementary and synergistic merchandise. Currently, Xtreme is working with eight firms to develop cross-marketing opportunities across the off-road industry, including trade organizations, producers of custom trailers and manufacturers of well-known energy drinks.
Posted by wes19c on :
well its down over 7% so far today. The reason it went down was because i bought some this morning. Everything i touch goes down.
Posted by alohar1 on :
yeah me too.
Posted by Gutsy22 on :
Be positive!!!!!!!!!!!!!!
Posted by wes19c on :
its hard to be positive when i keep losing money on everything. I'm wanting to see a sqeeze on this one, i just dont know if or when it will happen
Posted by Gutsy22 on :
xtms has alot of pr's lately.Shorting can only go so far.Co.is mentioned they will have extended divdens on record close of march 12.Lets hope its good news.By the way summer is coming.Stocks like this are seasonal.Good timing is everything.IMO Lets move forward!!!!!!!!!!
Posted by a surfer on :
Market News First Features Xtreme in "Four Market Makers Allegedly Sell Naked" Article Wednesday March 14, 8:45 am ET
BAKERSFIELD, CA--(MARKET WIRE)--Mar 14, 2007 -- Xtreme Motorsports of California, Inc. (Other OTC:XTMS.PK - News) ("Xtreme" or the "Company") has been featured in a story written by Sherri Snyder of Market News First, a news and information portal covering established companies and new opportunities in the microcap space. A copy of the article can be found at the following web address: http://www.***.com/members/modules.php?name=News&file=article&sid=13384. ADVERTISEMENT
"Although we're certainly not pleased with the impetus for this news story, we are comforted by the fact that Market News First has chosen to further underscore what our shareholders have experienced as a result of the illegal naked short selling of Xtreme's stock," commented Alan McCaa, President & CEO of Xtreme Motorsports. "We hope more companies bring attention to the imbalance this problem creates and the harm it causes shareholders, who don't have the same access to the 'system' as market makers and brokers."
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.
--------------------------------------------------------------------------------
Posted by wes19c on :
I'd like to see some more good PR come out, then all the shorts would try to cover and this thing would take off. At least thats how i'm hoping it'll play out. I need some profits bad, i've been struggling over the past few months.
Posted by dollar13 on :
THE COMPANY NEED TO STOP SENDING SO MANY PR's
LMAO
0.0034
Posted by Spartans on :
XTMS -- Xtreme Motorsports of California, Inc. Com ($0.001)(New) COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Xtreme Provides Update on Share Cancellation Initiative
BAKERSFIELD, CA, Mar 15, 2007 (MARKET WIRE via COMTEX) -- Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), today provided an update on the status of its initiative to secure cancellation of approximately 47% of outstanding shares. Of the approximately 394 million shares to be cancelled, approximately 259 million have been confirmed by the transfer agent as cancelled and retired. An additional 70 million shares, representing electronic book entry shares, which are considered the "float," are in the process of being eliminated from the Depository Trust Corporation (DTC) system, which should be completed before March 23, 2007. The final 65 million shares to be cancelled are being sent in from several shareholders from various localities, which may require up to two weeks to complete.
"Once the share cancellation program is completed, we will make available a PDF copy of Xtreme's share structure, certified by our transfer agent, available for download," commented Alan McCaa, CEO of Xtreme Motorsports. "Transparency to our shareholders is more than just a concept for us.
"By next week, we should also have an update for shareholders concerning the short position in Xtreme's stock as a result of our ongoing investigation. Our preliminary analysis of the imbalance suggests our stock may currently be shorted up to 40 million shares or more. If possible, we will make the evidence for this shorting available for shareholders to download in addition to our certified capital structure," concluded McCaa.
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. Posted by Spartans on :
This PR is very interesting...This CEO is serious as a heart attack in his quest to burn the MM's...Go get em buddy...I really hope he can nail them...I'm so sick of these MM's screwing with Pennystocks...
Posted by dollar13 on :
Posted by wes19c on :
Up over 18%, every little bit helps. I'd like to see a nice little EOD run.....
Posted by wes19c on :
Nice close at .004
Posted by Spartans on :
You got your EOD run...should gap nice in the morning..
quote:Originally posted by wes19c: Up over 18%, every little bit helps. I'd like to see a nice little EOD run.....
Posted by alohar1 on :
im in for the long haul. this ceo is serious. this is his family business that he has had for over 20 years. the mm's are slapping him in the face then going to his house where they are kicking his dog. he will not stand for it. this company is serious and have great investor relations. this one is gone. I'm calling a nickle within a month. jmho.
Posted by Lockman on :
Chart sure is beat up. Looks like everything is starting to point up. Looks like this is a good bet. IMO GL
Posted by Gary59 on :
Anyone see the 911 sh trade at 9:52 ?? MMs looking to get shares or something else?
Posted by lukin4winners on :
NEWS! 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
Posted by dollar13 on :
NEW HOD .0043 Posted by Gary59 on :
Did you see the last trades 4 x 666 *.0037 and 4 x 999*.004 MM signals??
Posted by alohar1 on :
it's gonna go up slow and steady. watch
Posted by wes19c on :
quote:Originally posted by alohar1: it's gonna go up slow and steady. watch
Nope. It'll go down slow and steady only because i bought some. If i hadn't bought this, it would probably be up over 100%. Look at it today.
Posted by alohar1 on :
patients my friend patients
Posted by swan97 on :
This stock has huge potential. It's at a very low price with, from what I've seen, very good press. I'm in now for what could be a nice run in the near future.
Posted by wes19c on :
This thing is a POS, the company puts out so many PR's that it doesnt even affect the stock now.
Posted by wes19c on :
Is this thing ever going to come back up?
Posted by dollar13 on :
0.0024 Posted by wes19c on :
and back down we go.....yipee. This is wayyyyy oversold and has to bounce soon. JMHO
Posted by alohar1 on :
i agree, and hope. i'm sitting on alot of shares at .0061
Posted by swan97 on :
I fairly new and definitely no expert, but it looks to me that if you analyze the candlestick indicators, this stock is heading upward. Buyers are starting to beat out the sellers. Posted by dollar13 on :
WE NEED TO BREAK 0.003 TODAY
Posted by dollar13 on :
quote:Originally posted by dollar13: WE NEED TO BREAK 0.003 TODAY
WE DIDN'T GET TO IT, BUT IT WAS A NICE CLOSE FOR TODAY.
0.0025
Posted by dollar13 on :
I'LL SEE YOU ALL MONDAY , I AM GOING OUT WITH THE WIFE, TIME TO PARTY
LATER GUYS
Posted by alohar1 on :
watch this one people!!!
Posted by dollar13 on :
0.0029
Posted by wes19c on :
this one has to bounce SOOON!!
Posted by T e x on :
why?
Posted by wes19c on :
Its wayyyy oversold, its near its 52wk low, due for a PR, hasnt ran in a long time. Due some DD and you will see, just look at the chart.
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