Extreme Motorsports Receives Letter of Intent With Toyshare, Inc.
21 Avril 2008 - 1:00PM
PR Newswire (US)
BAKERSFIELD, Calif., April 21 /PRNewswire-FirstCall/ -- Extreme
Motorsports of California, Inc. (Pink Sheets: EMOC) ("Xtreme" or
the "Company") is pleased to announce it has received a dealership
/ purchase letter of intent from Toyshare Inc. Toyshare Inc. is a
publicly traded company that operates http://www.toyshare.com/
which is a new and better way to play on all of your favorite
recreational toys, similar to a time share. No more worries about
the headaches of ownership, including maintenance, insurance,
storage, taxes and registration. Toyshare covers them all so you
can get out and play. Toyshare even provides the accessories from
helmets to wakeboards that you need. Toyshare currently operates
from two locations, one in Utah and one in Las Vegas and has
additional locations in the works. The letter of intent received by
Xtreme Motorsports and facilitated by our Vice President of Mergers
and Acquisitions, Lance Posner consist of the following: 1)
Toyshare will purchase a designated number of sandcars for each
office it opens based on membership sales. 2) Toyshare will make
Xtreme Motorsports vehicles part of its offering to new and
existing members. 3) Toyshare will become a dealer for Xtreme
Motorsports in each market that it operates in throughout the U.S.
"We are extremely happy to be working with Toyshare, both in growth
goals and as part of their toy offerings," stated Alan McCaa,
President of Xtreme Motorsports. "Our two businesses are a perfect
fit. We have pre-selected four packages that will fit the needs of
Toyshare and have submitted them for their approval and quantities
needed. Upon receipt of these details, Xtreme will draw up
contracts for each vehicle to finalize the paperwork and begin
moving forward." 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. Investor Relations http://www.xmssandcars.com/ or
email at DATASOURCE: Extreme Motorsports of California, Inc.
CONTACT: Extreme Motorsports of California, Inc., +1-661-326-7263,
Web site: http://www.xmssandcars.com/ http://www.toyshare.com/
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