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Dale
Jarrett Racing Adventure, Inc. (OTCBB: DJRT)
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Dear StockUpTicks Reader:
The recent flurry of share buyback announcements by a variety of American
companies may be an indicator of an increasingly optimistic sentiment.
Quarter after quarter of economic turmoil is now giving way to a decidedly
more positive outlook as companies seek ways of deploying cash from buxom
balance sheets.
Stock buybacks reward current shareholders with improved value of existing
stock through a reduction in the total number of shares outstanding.
This is the thinking behind a recent announcement by Dale Jarrett Racing
Adventure, Inc. (OTCBB: DJRT), indicating that it had now purchased
over 670,000 shares in a company buyback of its shares. (See Breaking NEWS below)
No investor knows a company as well as the company itself. So
it’s a particularly bullish sign when a company believes that its own shares
are the best investment for its precious resources. Over the last
year DJRT has bought more than 670,000 shares of its own stock in the open
market and it plans to continue doing so; a bullish sign indeed!
See our Full StockUpTicks Profile HERE
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Breaking *NEWS*
from Dale Jarrett Racing Adventure, Inc. |
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Press Release Source:
Dale Jarrett Racing Adventure, Inc.
Wednesday August
18, 2010, 9:20 am EDT
Dale Jarrett Racing Adventure Buys
Back Over 670,000 Shares in Stock Repurchase Program
HICKORY, N.C., Aug.
18 /PRNewswire-FirstCall/ -- Dale Jarrett Racing Adventure, Inc. (OTC Bulletin
Board:DJRT.ob - News), a "Full Throttle" lifetime experience company,
today reported the results of its ongoing stock repurchase program by revealing
the company purchased 166,250 shares and during the second quarter an additional
148,000 shares. This brings the total shares repurchased by the company
to over 670,000 shares since the stock repurchase program began.
Commenting on the repurchase
program, CEO Tim Shannon said, "We're encouraged by our ongoing stock repurchasing
program. As we work diligently to grow our core business, increase
profitability and seek additional opportunities for growth, we are confident
that our strategy, which is unique among micro cap stocks, will provide
our shareholders with a more consistent base value from which to invest
and with greater upside potential as more good news generates greater market
interest."
About Dale Jarrett
Racing Adventure
The Dale Jarrett Racing
Adventure offers racing fans the opportunity to race an authentic race
car on a major racetrack. Our racing "adventurers" enjoy a life-defining
experience. They receive vital training from top racing instructors,
wear real racing suits and safety gear, and pilot a race car that was once
driven by one of the racing greats. Hand signals from the instructor teaches
you to race like the pros. We surpasses "follow-the-leader" approaches
and teach guests to race like NASCAR drivers, find the line, draft, and
pass for optimum fun. Our 100% safety record and numerous celebrity endorsements
testify to the excitement and unforgettable thrill of our racing adventure.
Dale Jarrett Racing Adventure's website can be found at http://www.RacingAdventure.com
Forward-Looking Statements
Certain of the statements
contained in this press release contain forward-looking statements that
involve a number of risks and uncertainties. Such forward-looking statements
are within the meaning of that term in Section 27A of the Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act of 1934,
as amended. Dale Jarrett Racing Adventure, Inc. has based these forward-looking
statements on its current expectations and projections about future events,
based on the information currently available to it. The forward-looking
statements contained in this press release may also include statements
relating to Dale Jarrett Racing Adventure's anticipated financial performance,
business prospects, new developments, strategies and similar matters. Dale
Jarrett Racing Adventure disclaims any obligation to update any of its
forward-looking statements, except as may be required by law.
Contact:
Tim Shannon
888-467-2231
tbshannon@racingadventure.com
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About Dale Jarrett Racing Adventure, Inc. |
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Dale Jarrett Racing Adventure (OTCBB: DJRT) offers racing fans
the opportunity to race an authentic race car on a major racetrack. Our
racing "adventurers" enjoy a life-defining experience. They receive vital
training from top racing instructors, wear real racing suits and safety
gear, and pilot a race car that was once driven by one of the racing greats.
Hand signals from the instructor teach you to race like the pros. We surpass
"follow-the-leader" approaches and teach guests to race like NASCAR drivers, find the line, draft, and pass for optimum fun. Our 100% safety
record and numerous celebrity endorsements testify to the excitement and
unforgettable thrill of our racing adventure.
Optimistic Signs for a Great
2010 Fiscal Year
Momentum is building at DJRT with the recent
report of its 1st quarter ending March 31st showing the best first
quarter, by a wide margin, in the company's 11 year history. The report
is highlighted by a 34% increase in total revenues combined
with a 55% increase in gross profits. Additionally, the company
reported an increase in profit margins of more than 37% along with
an overall reduction in corporate General and Administrative expenses.
On The Verge of Profitability
Commenting on the report, CEO Tim Shannon said, "It's satisfying to
turn in such a strong first quarter. By continuing to improve all areas
of our financial statement from revenues to margins, profits and expenses, we
are finally at a point where we can look forward to a fiscal year with
4 profitable quarters. That is our goal for next year in addition to turning
in meaningful profitability this year.
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In An Audio Interview at SmallCapVoice.com,
Tim Shannon, President of DJRT provides an insiders' perspective on the
company and its prospects for growth and profitability.
"One of today's leaders in investor
relations and shareholder services"
Hear the interview HERE
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Catch the excitement on
Dale Jarrett Racing Adventure's website HERE
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Recent News From
DJRT |
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A New Audio Interview Featuring
Tim Shannon, President of Dale Jarrett Racing Adventure, is now at SmallCapVoice.com August
17, 2010, 8:00 am EDT
SectorWatch.biz: Dale Jarrett Racing
Adventure Puts You in the NASCAR Driver's Seat August
16, 2010, 9:00 am EDT
Dale Jarrett Racing Adventure Partners
With NASCAR's Newest Racing Team July
22, 2010, 11:38 am EDT
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Financial Highlights |
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Symbol: DJRT
Exchange: OTC Bulletin Board
Recent Price: $0.043
52wk Range: 0.04 - 0.12
Shares Outstanding: 24,510,502 (as
of April 30, 2010)
Public Float (approx):
14,346,935 (as of August 09, 2010)
Market Cap (approx): $1.09M (as
of August 17, 2010)
Average 3-Month Volume: 29,831 (as
of August 13, 2010)
View DJRT Filings with the SEC at this LINK
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Company
Contacts |
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Dale Jarrett Racing Adventure, Inc.
1313 10th Avenue Lane S.E.
Hickory, NC 28602
Web Site: http://www.RacingAdventure.com
Phone: (888) 467-2231
*** The Bull is Running. ***
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to
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that could cause actual results to differ materially from statements made.
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made as to its accuracy, completeness or correctness. Past performance
is no guarantee of future results. This report is a paid advertisement
and is for information purposes only and should not be used as the basis
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of this report and other advertising services over a ninety day period.
This constitutes a conflict of interest as to MP’s ability to remain objective
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express written consent of Market Pathways Financial Relations Incorporated. |
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