American Racing Capital, Inc. / ANRC Contracts with Frost Motorsports LLC
SAN DIEGO--American Racing Capital, Inc. (PINK:ANRC), announced today that it has retained Frost Motorsports LLC, to compile a comprehensive search on available speedway properties. Frost Motorsports specializes in the location and valuation of motorsports facilities and are considered by many to be the finest consultants in this industry. Clients include International Speedway Corp. , Penske Motorsports, SFX Entertainment Inc., and Oakley, Inc. , amongst others. The dynamic motorsports industry requires facility owners, team managers, drivers and related parties to constantly adapt to changes in the marketplace. Hiring Frost Motorsports will play an intricate role in developing The Company's growth initiatives.
Bob Koveleski, President of American Racing Capital said, “Our objective and strategy of finding and buying racetracks has been the same from the very beginning. We have a defined course to follow and are now aggressively on the move. Frost Motorsports are absolute experts in this field and we expect to be getting a list of prime locations from them in the next couple of weeks. Our due diligence, thereafter, will determine what facilities are the best values for the Company, and we will move forward on those properties which make the most sense for American Racing Capital’s growth strategy.”
About American Racing Capital, Inc.
American Racing Capital, Inc. is a company specializing in motorsports and its strategy is to focus on several aspects of this industry. Through its subsidiaries, American Racing Capital, Inc. 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. The Company’s business also includes sponsorship activation services and motorsports product licensing agreements, which are highly specialized promotional services in this industry. American Racing Capital, Inc. 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
About Frost Motorsports
Headquartered in Illinois, Frost Motorsports are the ultimate financial consultants to the motorsports industry. They offer multi-faceted services custom designed to their clients needs. Frost Motorsports and its strategic partners provide expert analysis and innovative financial solutions to the Motorsports industry. They consult on; valuation, feasibility, transactional, operational, and strategic planning projects for track owners, race sanctioning bodies, professional team owners and other motorsports participants. Over the last fifteen years, their clients have included the likes of; Roger Penske, Richard Petty, Jeff Gordon, Championship Auto Racing Teams, the National Hot Rod Association, and scores of racing tracks across North America.
For more information, visit http://www.frostmotorsports.com
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 American Racing Capital, Inc. reports that will be on file with the US Securities and Exchange Commission.