Reality Racing, Inc. Prepares to Forward Split Shares at 4:1 Ratio
Reality Racing, Inc. Prepares to Forward Split Shares at 4:1 Ratio
BOCA RATON, Fla., Aug. 30 /PRNewswire-FirstCall/ -- Reality Racing, Inc. (OTC Pink Sheets: RRCG) has approved a forward split of its shares at a 4 to 1 ratio; the split is scheduled to occur on September 18th. Shareholders of record at close of the trading day prior to the split (September 15th) will qualify.
"With our stock being so active and our show's production gearing up, the timing and synergy are favorable to issue a forward split to our shareholders," stated Reality Racing's Chief Executive Officer, Patrick Schaefer.
Reality Racing -- The Rookie Challenge, a new reality television show, combines two of the most popular on-air entertainment concepts -- stock car racing and reality television -- to create an unmatched, action-packed 13 week TV series scheduled to air in 2006. The Rookie Challenge winner will receive national exposure, a cash award, a gold championship ring and the opportunity to drive professionally in a NASCAR sanctioned race.
According to Reality Racing's President, Lee F. Schaefer, "There are more than 75 million racing enthusiasts in this country alone and there are plenty among them who believe they have what it takes to be a professional race car driver. Our show will help 15 total amateurs chase their dream and one lucky winner to live it. To help our hopefuls we've signed Nextel Cup(R) Series and NASCAR(R) legends like Bobby and Donny Allison, Cale Yarborough, Rusty Wallace and Junior Johnson to act as judges and mentors for our contestants so they can learn from the best."
To be eligible as a contestant, male and female drivers must be complete amateurs with no prior race experience, be 18 years of age or older and have no felony traffic offense convictions. The selected finalists will be judged on a point system by racing legends. Tests, challenges and actual races will be held weekly from which the contestants will earn points to establish their rankings for the final Championship Race. The Championship Race will determine the winner of Reality Racing -- The Rookie Challenge.
Additional information is available on the Reality Racing website: http://www.realityracingtv.com/ .
Safe Harbor
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Reality Racing Incorporated are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward- looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Reality Racing Incorporated and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.
Source: Reality Racing, Inc.
CONTACT: Gabe Sandler of Sandler Communications Inc., +1-866-772-0118,
or info@sandlercommunications.com , for Reality Racing, Inc.
Web site: http://www.realityracingtv.com/
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