American Racing Capital Appoints World Champion Racer and Record Holder Davy Jones to Board of Directors
ZEPHYR COVE, Nev., Dec. 9, 2005 -- American Racing Capital Inc. ("ARC"), , a consulting group dedicated to motor sports sponsorship development and racetrack acquisition and design, announced today that it has appointed Davy Jones to the Company's Board of Directors. Mr. Jones replaces John W. Gandy, who has resigned as President and Director of the Company effective November 18, 2005 to pursue personal endeavors. Jones is a world champion racecar driver and record holder whose 18-year career in professional motor sports encompasses racing both open wheel and sports cars.
Jones concurrently serves as chief executive officer and president of American Racing Capital and as a founder and principle of Fast One Consulting, a company founded in 2003 that specializes in driver training and development and consulting to the motor sports industry. From 2000 to 2003, Jones structured a private placement offering to develop and build Davy Jones KartZone, an indoor karting and conference center.
As a competitive driver, Jones' career highlights include placing 2nd at the prestigious Indianapolis 500 and also winning the Le Mans, both in 1996. From 1988 to 1992, Jones drove for TWR USA, the racing team of Tom Walkinshaw, where he accumulated 60 top-ten finishes in 73 starts. During this period, Jones also won 12 IMSA GTP events.
Davy Jones, Chief Executive Officer of ARC, said, "The professional motor sports industry presents dynamic and tremendous growth opportunities in all areas of the sport, from driver and racetrack development to marketing. I'm looking forward to executing the Company's strategies and services for the benefit of our clients and shareholders."
About American Racing Capital
American Racing Capital Inc. has set forth its mission to fund and acquire companies like DCI to utilize their knowledge in advanced driver training and expand these opportunities both regionally and across the country. ARC's other companies currently offer inside access to race teams and event sponsorship and motor sports marketing services. In addition, ARC offers consulting on design and build-out of new race track developments or upgrading of current motor sport facilities.
This press release contains "forward-looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in American Racing Capital Inc.'s reports that will be on file with the US Securities and Exchange Commission.
For further information, contact: At the Company: American Racing Capital Robert Koveleski Director of Marketing 800-914-3177 http://www.americanracingcapital.com/ Investor relations: OTC Financial Network Rick McCaffrey 781-444-6100, x625 rick@otcfn.com http://www.otcfn.com/argc