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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--June 28, 2006--MotorSports Emporium Inc. (OTCBB: MSEP - News) announced today that due to demand Martini Racing has increased their scheduled order of GS610(TM) brake fluid.
David Keaveney, president and CEO of MotorSports Emporium Inc., commented, "Martini Racing, an Australian-based racing performance company, holds a Master Distributor License (MDL) granting exclusive sales and distribution rights for GS610(TM) brake fluid for the entire continent of Australia. To keep up with the demand garnered from their aggressive marketing, advertising and sponsorship campaigns, Martini Racing placed an order for two pallets (3,360 bottles) of GS610(TM) brake fluid. This is compared to their scheduled one pallet order. Without question, Martini is able to tap the necessary distribution channels from their 20 retailers across Australia and this increased order seems to be indicative of the results from their efforts."
Since March 2006 Martini Racing has purchased a total of three pallets (5,040 bottles) of GS610(TM) brake fluid from MotorSports Emporium Inc.
Keaveney concluded, "Martini Racing and MSEP are discussing business opportunities in Taiwan and Dubai to further the growth and support of Martini Racing products while introducing GS610(TM) brake fluid to other global venders."
Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
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MotorSports Emporium Inc. (OTCBB: MSEP) announced today a settlement agreement has been established between MSEP and Michael G. Wachholz.
David Keaveney, president and CEO of MotorSports Emporium, commented, "MSEP is pleased with the terms of the settlement. We gain ownership of the GS610.com domain for the duration of the License Agreement including sole and exclusive control over the GS610.com Web site. The license agreement remains in full force and effect. The settlement brings positive energy for us moving forward; we are glad it's behind us. We wish Mr. Wachholz the best in his endeavors."
Neither party admitted liability or wrongdoing. The terms of the settlement are confidential. The parties anticipate filing a stipulation for dismissal within 30 days.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
Source: MotorSports Emporium Inc.
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MotorSports Emporium Inc. Scottsdale David Keaveney 480-596-4002 davidk*motorsportsemporium.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
nice volume today! 10.7 million shares pretty much all buys this afternoon. last buy at EOD of 4.75 million shares at 0.0025
Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
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quote:Originally posted by ialda: Big buys all day yesterday... always means great things around the corner... just waiting for distribution news and rev...
The Company is authorized to issue 500,000,000 shares of common stock and 25,000,000 shares of preferred stock.
As of the date of this Form S-8 (07-14-06), a total of 500,000,000 shares of $0.001 par value common stock have been authorized. There are 428,312,092 shares of common stock issued and outstanding.
So they do not have a lot more to print out, right ? And they say (mailed) they are much disappointed about the SP since their sales just start to jump...
Who could take a solid position (f.i. 10M) here could make a very good deal imo.
Posts: 28 | From: San Diego | Registered: Jun 2006
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_ialda
