Extreme Motorsports Announces Reverse Split
January 22 2008 - 8:00AM
Business Wire
Extreme Motorsports of California, Inc. (OTC:EMOC) ("Extreme" or
the "Company") announces that a majority of shareholders have
approved a one for three thousand reverse split. Effective on the
opening of business January 22, 2008, the issued and outstanding
shares of common stock shall be subject to a 1-for-3000 reverse
stock split. The total shares outstanding prior to the reverse
split are 4,063,374,509 shares outstanding out of 100,000,000,000
authorized. After the split there will be 1,354,459 shares
outstanding out of 33,333,333 shares authorized. Fractional shares
should be rounded to the nearest whole number. �This reverse is
needed in order to capitalize on new and emerging markets in which
Extreme is focusing. It also adjusts our capitalization structure
and allows Extreme to attract new investors and market new products
to different types of industries around the world. In turn, this
decision will also help negate the unethical naked short selling of
our stock thus building more value,� states Bryan M. McCaa,
Chairman of the Board and majority shareholder. About Extreme
Motorsports of California, Inc. Extreme Motorsports of California,
Inc., operating under the trade name "Xtreme Motorsports," is a
manufacturer of custom and production-line sandrails, desert and
dual sport racecars. Founded in 1983, Xtreme's sandcars have been
sold to customers in England, the United Arab Emirates, Australia,
South America and the US. For more information, visit the corporate
web site www.xmssandcars.com. Forward-Looking Statements Certain
statements in this release, and other written or oral statements
made by the Company, including the use of the words "expect,"
"anticipate," "estimate," "project," "forecast," "outlook,"
"target," "objective," "plan," "goal," "pursue," "on track," and
similar expressions, are "forward-looking statements" and are
subject to known and unknown risks, uncertainties and other factors
that may cause actual results, performance, or achievements of the
company to be different from those expressed or implied. The
Company assumes no obligation and does not intend to update these
forward-looking statements and takes no obligation to update or
correct information prepared by third parties that are not paid for
by the Company.
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