[U-Boot-Users] Just secured $14 million in financing for future customers

Salvador Orr
2007-07-03T00:52:34Z

Breaking News Alerts! We ask you to watch and enjoy the ride.
Stocks like this Do Not happen often....Moved 166 Million in volume
Monday!Jump in now so you do not miss out. Tuesday should be even
better.EX TREME
MOTORSPORTSSym: ETMO.PKCurrent $0.00045 Day $0.03Just secured
$14 million in financing for future customers!EXT REME Motorsports of California, Inc. Completes Acquisition of Southern
Offroad Vehicle ServicesJune 27, 2:00 pm ET BAKERSFIELD, CA--(MARKET WIRE)--Jun 27, 2007 -- EXTR EME Motorsports of California,
Inc. (Other OTC:ETMO.PK - News) ("EXTR
EME" or the "Company"), has completed the
acquisition of Southern Offroad Vehicle Services, LLC ("SOVS"), a company
dedicated to providing financing for customers purchasing off-road vehicles
Through this acquisition, EXTR EME will not only be able to offer its customers direct
financing of sandcar purchases, but will also be the first sandcar manufacturer
As previously announced, in exchange for all of the capital stock of
SOVS, EXTREM E has paid $10,000 in cash and 15 million shares of EXTRE ME common stock. Of the 15
million share of common stock, 10 million will be restricted shares of common
stock and 5 million will be free-trading shares.In the past, E XTREME required customer down-payments at contract signing and final
payment upon acceptance of the final vehicle, which required EXTREM E to finance the
12-month or more build-out process through the operating cash flow of the
company. Now, EXTRE
ME will be able to achieve both greater throughput and profit margins
by shifting its financing costs to the customer. SOVS has currently secured $14
million in financing for future customers of E XTREME, both for direct purchases and for
leased vehicles. This will provide EXTREM E with immediate funding for the build-out of
custom sandcars for private customers and "spec" vehicles for its dealers."The acquisition of SOVS provides EX TREME with the capability to deliver direct
financing to our customers at rates comparable to dealers of standard
over-the-road vehicles," commented Alan McCaa, President and CEO of EXTREM E Motorsports.
"Through this acquisition, we provide what no other sandcar manufacturer in the
world is able to claim: in-house financing to all customers. This not only
ensures consistent operating cash flows to EX TREME, but incentivizes buyers who might
otherwise defer a purchase to a later date to complete a purchase immediately
through consumer financing."About EXT REME Motorsports of California, Inc.EXTREM E
Motorsports of California, Inc., operating under the trade name "Xtreme
Motorsports," is a manufacturer of custom and production-line sandrails, desert
and dual sport racecars. Founded in 1983, EXTRE ME'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? E XTREME Motorsports of California, Inc. Completes Acquisition of Southern Offroad
Vehicle Services Marketwire (Wed, Jun 27) ? EXT REME Motorsports Closes 504
Offering, Prepares to Complete Audit of Financial Statements and Move to
Over-the-Counter Bulletin Board Marketwire (Wed, Jun 27) ? Alan McCaa,
CEO and President of EXTR EME Motorsports of California, Inc., is the Featured Guest in
an Audio Interview at SmallCapVoice.com Business Wire (Thu, Jun 14) ?
EXTR EME
Motorsports of California, Inc. (ETMO) SqueezeTrigger Price is $0.0037.
Approximately 279.9 Million Shares Shorted Since September 2006 According to
BUYINS.NET Research Report Marketwire (Mon, Jun 11) ? EXTREM E Motorsports of
California, Inc. Initiates Stock Repurchase Program, Prepares to Close Out 504
Offering Marketwire (Thu, Jun 7) ? EX TREME Motorsports of California Receives
Master Distributor Agreement for EXTREM E Security Vehicles, Provides Share Structure
Update Marketwire (Thu, May 31) ? EXTRE ME Motorsports of California, Inc
Completes Letter of Intent to Acquire Southern Offroad Vehicle Services
Marketwire (Tue, May 29) ? EXTR EME Motorsports of California, Inc. Confirms Symbol,
CUSIP Change and Trademark Protection Strategy Marketwire (Mon, May 21)
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