Jarret/Favre Reports Substantial Rise In Quarter To Quarter Revenues
10 November 2000
Jarret/Favre Reports Substantial Rise In Quarter To Quarter RevenuesORLANDO, Fla., Nov. 10 The Jarrett/Favre Driving Adventure, Inc. (OTC Bulletin Board: JVTT) is pleased to announce that quarterly revenues for its entertainment-based driving schools rose 238% from the same quarter last year to $256,000. Cost of sales increased only 17%. "We are very pleased with our results," remarked company President Tim Shannon. "The rapid rise in sequential revenues puts us right on target with company goals. We also are strongly encouraged with the smaller than expected rise in cost of sales." The Jarrett/Favre Driving Adventure also would like to announce that their 2001 schedule is in place and that they will be running 159 school days during the year. This represents a 300% increase in revenue producing days over year 2000. For more information, visit the company's web site at http://www.drivingadventure.com or call the company at 1-888-GO-RACE-1. This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, particularly as related to the business plans of The Jarrett/Favre Driving Adventure to gain market acceptance, are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the company's expectations and estimates.