HENDERSON, NV, March 16 /PRNewswire-FirstCall/ - American Racing
Capital Inc. (AMRA;) http://www.americanracingcorp.com had retained
the Mina Mar Group (http://www.minamargroup.com/) as forefront
representative of the company's new expansive corporate
interests.
Mina Mar Group will lead the company as its head Merger
Corporate Advisor, and its peer company Mina Mar Marketing Group
(www.minamargroup.net) will take over the Investor Relations (IR)
tasks. The mandate is to represent AMRA's interests in public
market and bring the company closer to the investors'
community.
A source close to the company said, "We remind our followers
that AMRA operates under the auspices of the court appointed
guardian-custodian. We have posted court documents on our corporate
web site (http://www.americanracingcorp.com and our IR web site,
"NEWS AND FILINGS" section. We ask our followers to review these
court documents.
Regarding the pending merger, the only currency the company has,
are its restricted shares, and cash in a form of a loan or
financing from its preferred shareholders or accredited investors.
Usual process in the merger is that a company will recapitalize to
absorb the mergers, and pay for the acquired assets. Depending on
the situation, sometimes both cash and shares are issued in the
merger. Obviously, the higher the share price of our stock the less
stock the company has to issue in the merger to the targeted merger
company.
As this merger is being created, these new shares will be held
in escrow, and remain the control block for some time after the
merger. The shares these companies receive are subject to insiders
and control block, referred to as Rule 144. These are restricted
shares, meaning they cannot trade; henceforth both float and the
free trading shares usually remain undisturbed after the
merger.
The company will shortly begin subscribing to Pink Sheets filing
service and begin updating Pink Sheets with Adequate Disclosure,
Updated Financials and report all relevant merger news. There is no
reverse split, nor any toxic financing planned for the company. The
company has made available sufficient funds and resources through
its preferred shareholders and accredited investors to become a
vibrant and operational company.
Immediate plans include bringing representatives and CEOs from
the targeted merger companies to the Mina Mar Group Shareholders'
Conference on April 9, 2010 in
Toronto for further discussion,
and a possible finalization of the merger transaction shortly
thereafter. Again, merger transactions are a process and subject to
change.
The company reminds our shareholders and followers to monitor
PinkSheets.com Filing Section and also our IR company web site
section "PRESS RELEASES AND FILINGS" TAB
http://www.minamargroup.net/ for non news worthy corporate
updates.
For any matters relating to retail investor queries or to send
IR or the company a message please click on the "INVESTOR SUPPORT"
TAB or this direct link http://www.minamargroup.net/helpdesk.
Don't be a victim. Report a stock basher. The company is mindful
that short sellers, the company competitors and stock bashers stalk
small cap Pink Sheets listed companies with hidden agendas. Visit
http://www.stockbasher.com/ and find out what criminal and civil
actions the US authorities are taking against web sites like
investorshub.com and other posters, and the remedies available to
you as an individual investor.
Filings for this event are currently being reviewed and will be
filed with Pink Sheets and Client Support Section in due course. To
be included in company's email database for press releases,
industry updates, and non-weekly activity at the company that may
or may not be news released, please subscribe or opt in mailer at
http://www.minamargroup.com/updates.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of American
Racing Capital Inc. that constitute forward-looking statements for
purposes of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be",
"expects", "may affect", "believed", "estimate", "project" and
similar words and phrases are intended to identify such
forward-looking statements. American Racing Capital Inc. cautions
you that any forward-looking information provided by or on behalf
of American Racing Capital Inc. is not a guarantee of future
performance. None of the information in this press release
constitutes or is intended as an offer to sell securities or
investment advice of any kind. American Racing Capital Inc.'s
actual results may differ materially from those anticipated in such
forward-looking statements as a result of various important
factors, some of which are beyond American Racing Capital Inc.'s
control. In addition to those discussed in American Racing Capital
Inc.'s press releases, public filings, and statements by American
Racing Capital Inc.'s management, including, but not limited to,
American Racing Capital Inc.'s estimate of the sufficiency of its
existing capital resources, American Racing Capital Inc.'s ability
to raise additional capital to fund future operations, American
Racing Capital Inc.'s ability to repay its existing indebtedness,
the uncertainties involved in estimating market opportunities, and
in identifying contracts which match American Racing Capital Inc.'s
capability to be awarded contracts. All such forward-looking
statements are current only as of the date on which such statements
were made. American Racing Capital Inc. does not undertake any
obligation to publicly update any forward-looking statement to
reflect events or circumstances after the date on which any such
statement is made or to reflect the occurrence of unanticipated
events.
CONTACT: For any investor relations matters, please contact
www.minamargroup.net/helpdesk; Investor Relations Department
Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate
Matters, www.minamargroup.com
SOURCE American Racing Capital Inc.