SOURCE: Carley Enterprises, Inc.

March 20, 2006 09:14 ET

Carley Enterprises Enters Agreement With Xtreme Motorsports

Xtreme Motorsports Strives to Become Leading Manufacturer of Off Road Sand Cars

BLOOMINGTON, IL -- (MARKET WIRE) -- March 20, 2006 -- Carley Enterprises, Inc. (OTC: CRLY), a diversified holding company which assists emerging, revenue-producing companies in their growth efforts, announced it has successfully assisted Xtreme Motorsports of California, Inc. ("Xtreme Motorsports") in its transition to an Over-the-Counter (OTC) public company. As a result of Carley Enterprise's efforts, Xtreme Motorsports (website: http://www.xtrememotorsports-cm.com) now trades under the symbol (OTC: XMMC). Xtreme Motorsports designs, manufactures and sells off-road sandcar vehicles as well as race cars specifically designed for extreme off-road and desert racing.

"Xtreme Motorsports offers very unique and exciting products which we believe have the potential to become quite popular in the off-road recreational and racing community," stated Matthew Carley, CEO of Carley Enterprises. "As a result, we feel that as an investment for Carley Enterprises, Xtreme Motorsports shows great promise for profitability and we are pleased to be working with them as they continue to grow and become a leader in their industry."

Carley Enterprises, Inc. seeks to acquire interests in emerging companies and assist the companies with their growth efforts. Carley Enterprises, Inc. also invests in private companies and businesses in which it believes have growth and profit potential.

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain "forward-looking statements," as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the Company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgment of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties, including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, the receipt of revenues, and other factors, many of which are beyond the control of the Company.

All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

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