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
OfficersPosition
 A. Robert KoveleskiChairman, President, Secretary, Chief Financial Officer, Chief Accounting Officer & Chief Executive Officer

Directors
 A. Robert Koveleski
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20072006
Revenues485--
Cost & exps.5,9716,256
Oper. income as calculated(5,486)(6,256)
Depr. & amort.41
Interest exp.1,200180
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
  20072006
Assets:
Cash & equiv.723
Other curr. assets101
Tot. curr assets1724
Investments--444
Net property13--
Goodwill1,075--
Total assets1,105468
Liabilities:
Notes pay.225--
Curr debt. mat.1,001153
Accts. pay. & accruals581270
Tot. curr. liabs.1,806423
Minority int.216--
Pfd. stk. p.$0.00111
Com. stk. p.$0.001273
Paid-in cap.10,0155,403
Retained earns.(11,960)(5,362)
Total liabs.1,105468
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2008   1100,000
  2007   1Nil
  2007   2Nil
  2007   4210,000
  2007   Full Year 490,000
  2006   Full Year Nil
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2008   1(2,280,000)
  2007   1(550,000)
  2007   2(4,550,000)
  2007   4(470,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  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 SharesOutstanding Shares
Preferred $0.001 par10,000,0001,000,000so1
Common $0.001 par500,000,00031,309,449
 
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
 
ExchangeYearHighLow
OTC Bulletin Board20071.06000.3000
OTC Bulletin Board20063.00000.1800
OTC Bulletin Board200512.00000.2000
 
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.