OTC Bulletin Board S & P Company Insight for AMERICAN RACING CAP
Profile
	Business Summary: American Racing Capital, Inc. specializes in motorsports.   Address   P.O. Box 22002   San Diego , CA 92192   Phone: 800-230-7132   Website: http://www.americanracingcapital.com Auditor   Moore & Associates Chartered   Las Vegas Transfer Agent   Florida Atlantic Stock Transfer Inc. Employees:  1 ShareHolders:  108 Founded:  1998 Domicile:  Nevada
Background
	American Racing Capital, Inc. specializes in motorsports. The company, through its subsidiaries, intends to acquire financial interests in various auto racing facilities; establish race management contracts at existing racing facilities and newly proposed facilities; and engage in the design, re-design, and development and management of race tracks. The company is based in San Diego, California. History:  INCORPORATED in Nevada Sept. 8, 1998, as Mega International Health Corp.; name changed to Altrimega Health Corp. June 23, 1999, to American Racing Capital, Inc. Sept. 9, 2005, to Creative Holdings & Marketing Corp. Sept. 30, 2005, and back to American Racing Capital, Inc. Oct. 3, 2005. October 17, 2002, acquired Creative Holdings, Inc. for 20,000,000 Common shares and 1,000,000 Series A Convertible Preferred shares. October 19, 2005, acquired American Racing Capital, Inc., for 150,000,000 Common shares and 1,000,000 Series A Preferred shares. Also on Oct. 19, 2005, acquired ARC Development Corp. for 235,000,000 Common shares and 1,000,000 Series A Preferred shares.   Subsidiaries: LJ&J Enterprises of Tennessee, Inc. Motorsports & Entertainment of Tennessee, Inc.
Management
	Management Officers Position  A. Robert Koveleski Chairman, President, Secretary, Chief Financial Officer, Chief Accounting Officer & Chief Executive Officer Directors  A. Robert Koveleski
Annual Report
	Annual Report   Income Statement   2007 2006 Revenues 485 -- Cost & exps. 5,971 6,256 Oper. income as calculated (5,486) (6,256) Depr. & amort. 4 1 Interest exp. 1,200 180 Minority int. (92) 7 Inc. fr. contng. opers. (6,598) (6,444) Discontd. opers. -- 1,257 Net income (6,598) (5,187) Share earns. Fr. contng. opers. - basic ($0.44) ($4.11) Share earns. Discontd. opers. - basic -- 0.80 Share earns. Net income - basic (0.44) (3.31)   Balance Sheet   2007 2006 Assets: Cash & equiv. 7 23 Other curr. assets 10 1 Tot. curr assets 17 24 Investments -- 444 Net property 13 -- Goodwill 1,075 -- Total assets 1,105 468 Liabilities: Notes pay. 225 -- Curr debt. mat. 1,001 153 Accts. pay. & accruals 581 270 Tot. curr. liabs. 1,806 423 Minority int. 216 -- Pfd. stk. p.$0.001 1 1 Com. stk. p.$0.001 27 3 Paid-in cap. 10,015 5,403 Retained earns. (11,960) (5,362) Total liabs. 1,105 468
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   1 100,000   2007   1 Nil   2007   2 Nil   2007   4 210,000   2007   Full Year 490,000   2006   Full Year Nil     Quarterly Net Income, US$ Year Quarter Revenue   2008   1 (2,280,000)   2007   1 (550,000)   2007   2 (4,550,000)   2007   4 (470,000)     Quarterly EPS, US$ Year Quarter Revenue   2008   1 (.01)   2007   1 (.30)   2007   2 (2.10)   2007   4 (.01)   2007   Full Year (.44)   2006   Full Year (4.95)
Stock Data
	Capitalization as of 03/31/2008:     Authorized Shares Outstanding Shares Preferred $0.001 par 10,000,000 1,000,000so1 Common $0.001 par 500,000,000 31,309,449   LONG TERM DEBT: None.   Common $0.001 par   Stockholders:  12/31/2007, 108. Transfer Agent:  Florida Atlantic Stock Transfer Inc.   Tamarac , FL   OTC Bulletin Board( Primary): AMRA   Exchange Year High Low OTC Bulletin Board 2007 1.0600 0.3000 OTC Bulletin Board 2006 3.0000 0.1800 OTC Bulletin Board 2005 12.0000 0.2000   DIVIDENDS: Common $0.001 par: No cash. Common reverse split 1-for-100, Mar. 30, 2006.       so1Closely held. Consists of Ser. A Conv. Preferred. Each Ser. A share is convertible into 300 Common shares.