SOURCE: Xtreme Motorsports of California, Inc.

March 12, 2007 15:37 ET

Xtreme Motorsports Provides Update on Current $12 Million Sales and Opportunity Pipeline

BAKERSFIELD, CA -- (MARKET WIRE) -- March 12, 2007 -- Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company") today provided an update on its current sales and opportunity pipeline, consisting of sales under contract, letters of intent or quotation.

Current sales under contract, which comprises vehicles in the process of being manufactured, totals approximately $2.1 million. This includes $1.7 million in dealer orders and approximately $400,000 under order from private buyers.

In addition, the company is in the process of completing a letter of intent with a dealer for an additional $850,000 in various vehicle models for 2007.

While not yet solidified, Xtreme is also working with approximately $9 million in outstanding customer quotes, consisting of $5 million in potential new dealer purchases, $3.5 million in private customer quotes, and $500,000 for the Olympic Games opportunity (which may exceed $2.5 million -- not currently under quote).

This presents a total revenue opportunity for 2007 of approximately $12 million, $2.1 million of which is currently under contract.

Xtreme will continue to provide updates to shareholders as opportunities convert into sales and as new, significant sales opportunities arise.

About Xtreme Motorsports of California, Inc.

Xtreme Motorsports is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com.

Forward-Looking Statements

Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.

Contact Information

  • Contact:
    Fairview Investor Relations, LLC
    661.310.7880
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