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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.
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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
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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
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.
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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.
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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.
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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.
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-------------------- This year I invested in pumpkins. They've been goin' up the whole month of October and I've got a feeling they're going to peek right around January and BANG! That's when I'll cash in!
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quote:Originally posted by ottoman: TO DA FRIGGIN' MOON!!!!!!!!!!!!!
Break through .01 and weeeeeeeeeeee
-------------------- This year I invested in pumpkins. They've been goin' up the whole month of October and I've got a feeling they're going to peek right around January and BANG! That's when I'll cash in!
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-------------------- This year I invested in pumpkins. They've been goin' up the whole month of October and I've got a feeling they're going to peek right around January and BANG! That's when I'll cash in!
IP: Logged |
-------------------- This year I invested in pumpkins. They've been goin' up the whole month of October and I've got a feeling they're going to peek right around January and BANG! That's when I'll cash in!
IP: Logged |
-------------------- This year I invested in pumpkins. They've been goin' up the whole month of October and I've got a feeling they're going to peek right around January and BANG! That's when I'll cash in!
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