SOURCE: Mezey Howarth Racing Stables
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January 22, 2008 12:20 ET
Mezey Howarth Racing Stables (MZYH) Launches Into the Multi-Billion Dollar Thoroughbred Racing Industry and Initiates Public Trading Under the Symbol: MZYH
SAN CLEMENTE, CA--(Marketwire - January 22, 2008) - Mezey Howarth Racing Stables, Inc. (OTCBB: MZYH) announced today that it has begun publicly trading its stock under
the symbol: MZYH.
For the first time since American thoroughbred racing began 262 years ago,
Mezey Howarth Racing Stables is extending the benefit of thoroughbred horse
ownership to all of its shareholders. Currently, a select few have elite
access to the tracks, clubs, horses, and lifestyle associated with
Thoroughbred racing seen in the Kentucky Derby, the Preakness, or the
Belmont Stakes. Now, shareholders of Mezey Howarth Racing Stables will be
able to access those benefits through the Company's portfolio of race
horses. By redefining the benefits of shareholders and owners alike, our
shareholders are provided access to a level of the sport that would
otherwise be unavailable to them.
The Company acquires, owns, manages, trains, and races thoroughbred racing
prospects. Mezey Howarth Racing Stables works with only the finest
trainers, jockeys, veterinarians, blacksmiths, and other service providers,
to ensure that our horses are afforded every opportunity to excel. We rely
on the highest standards of ethics and do not cut corners, believing that
luck in this industry comes only through preparation, hard work, patience,
and the professional management of our horses. We will use our
unparalleled business and technology expertise to pursue above-average
racing results in allowance and stakes level competition.
"We view the shareholders as co-owners who have entrusted their investment
to us," says Chief Executive Officer J. Wade Mezey. "It is expected that
as a part owner, the shareholders will view their investment as a long term
investment and one in which they can enjoy not only the traditional returns
of publicly traded companies but also the unique ability to have access and
enjoyment of the Company's assets."
President Paul Howarth states, "We are looking forward to a great 2008. We
are planning on growing the stables and are looking to acquire businesses
that will diversify the company overall growth." Mr. Howarth continued by
saying, "Although we are a corporation, we view ourselves as a partnership
with Wade and me as the managing partners. As a result, we want there to
be active communication with the shareholders."
The Company will focus in 2008 on directly owning a diversified group of
businesses that generate cash and will consistently earn above-average
returns on capital.
About Mezey Howarth Racing Stables
Mezey Howarth Racing Stables, Inc. is a thoroughbred racing company that
extends the benefit of ownership to all shareholders. Mezey Howarth Racing
Stables acquires and maintains a stable of race horses adequate to compete
in the upper echelons of the Thoroughbred horse racing industry. The
Company
Application of the Safe Harbor of the Private Securities Litigation Reform
Act of 1995:
This press release contains, and Mezey Howarth Racing Stables may from time
to time make, written or oral "forward-looking statements" within the
meaning of the U.S. federal securities laws, which are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. All forward-looking statements rely on a number of assumptions
concerning future events and are subject to a number of uncertainties and
other factors, many of which are outside Mezey Howarth Racing Stable's
control that could cause actual results to differ materially from such
statements. In particular, statements using words such as "may," "should,"
"estimate," "expect," "anticipate," "intend," "believe," "predict,"
"potential," or words of similar import generally involve forward-looking
statements.