SPECIAL EVENT (BOCA RATON) - SANDLER COMMUNICATIONS TAKES MAJORITY EQUITY POSITION IN REALITY RACING...
Reality Racing, Inc. (Pink Sheets: RRGI) announced today that a group of investors led by Sandler Communications, Inc., have agreed to purchase 61,000,000 shares of its restricted stock, giving the Sandler Group a majority position in the company. In addition to the share purchase agreement, Sandler has successfully negotiated for the extension, reduction and modification of several long-standing Company debts, totaling approximately $1,250,000.
Reality Racing -- The Rookie Challenge premiered on Spike TV May 19th, 2007. The show has been described by journalists as "NASCAR meets American Idol," and became a vital part of Spike's PowerBlock of automotive and motorsports programming.