American Racing Capital, Inc. / ANRC Announces $2 Million in Financing
SAN DIEGO--American Racing Capital (“ARC”), (PINK:ANRC), a company specializing in the Motorsports Industry, announced that it has received approval for up to $2 million in equity financing. As of today $1.3 million in funding has been approved and is secured by a 6% note maturing on July 25, 2009. The capital will help the American Racing Capital, Inc. move forward and execute its business plan.
About American Racing Capital, Inc.
American Racing Capital, Inc. (ARC) is a company specializing in motorsports and its strategy is to focus on several aspects of this industry. Through it’s subsidiaries, ARC will; Acquire financial interests in several well established auto-racing facilities, Establish race management contracts at existing racing facilities and newly proposed facilities, Engage in the design, re-design, and development and management of our wholly owned race tracks, Find and acquire companies to compliment our other holdings. ARC’s interests also include sponsorship activation services and motorsports product licensing agreements, which are highly specialized promotional services in this industry. ARC helps companies develop and build brand reputation using motorsports as a revenue-generating opportunity. Programs entail introducing companies to multiple levels of; Race Driver, Race Team and Race Track exposure.
For more information visit -
http://www.americanracingcapital.com
http://www.corporateevolutions.com/anrc.php
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.