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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.
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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.
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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
-------------------- All posts are my opinion only!! Do your own DD!!
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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!!!!!!!!!!
-------------------- Life is a roller coaster ride! Good DD PAys Off!
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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.
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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.
-------------------- All posts are my opinion only!! Do your own DD!!
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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.
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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...
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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.
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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
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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.
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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.
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