Reality Racing Shifts Gears With Approval of Sandler Communications Purchase Agreement
Reality Racing Shifts Gears With Approval of Sandler Communications Purchase Agreement
BOCA RATON, Fla., Sept. 28 /PRNewswire-FirstCall/ -- Reality Racing, Inc. (Pink Sheets: RRGI) announced today that a group of investors led by Sandler Communications, Inc., have agreed to purchase 61,000,000 shares of its restricted stock, giving the Sandler Group a majority position in the company. In addition to the share purchase agreement, Sandler has successfully negotiated for the extension, reduction and modification of several long-standing Company debts, totaling approximately $1,250,000.
Reality Racing -- The Rookie Challenge premiered on Spike TV May 19th, 2007. The show has been described by journalists as "NASCAR meets American Idol," and became a vital part of Spike's PowerBlock of automotive and motorsports programming. The PowerBlock, including Reality Racing, Bullrun, and Trucks!, was the market leader amongst male audiences 18 to 49 years of age, and achieved the highest ratings of any fully-distributed cable channel during that time period, as reported by Viacom (http://www.viacom.com/pdf/pulse%202q%202007%20final.pdf)(See page 6).
For more information about Reality Racing, visit the company webpage at: http://www.realityracingtv.com/
About Sandler Communications Inc.
Sandler Communications is headquartered in Houston, TX, with satellite offices in New York, California, Florida, Canada and the UK. The firm is an investor relations and financial public relations firm, specializing in ESI, electronic discovery, Sarbanes-Oxley compliance, and the creation of XBRL-enabled streaming-data management systems for automation of electronic disclosure. Although the firm is primarily dedicated to servicing the investor relations needs of its clients, it also focuses on public relations and financial consulting. Sandler Communications is a proud member of NIRI, ACG, PRSA, XBRL US, SBA, GTS, SCIA, ACN, PRMIA, NYSSA, TexChange, AAWC, and the BBB. The firm promotes careful study of securities laws and professional risk management, and has made a strong commitment to help enhance investor education and awareness worldwide, particularly amongst the over-the-counter markets where investors face the highest likelihood of corporate fraud and fiduciary irresponsibility damaging their equity.
For more information about Sandler Communications, visit the company webpage at http://www.sandlercommunications.com/
For investor relations inquiries:
Gabe Sandler
Sandler Communications, Inc.
866-772-0118
info@sandlercommunications.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.
First Call Analyst:
FCMN Contact:
Source: Reality Racing, Inc.
CONTACT: Gabe Sandler of Sandler Communications, Inc., 1-866-772-0118,
info@sandlercommunications.com, for Reality Racing, Inc.
Web site:
http://www.realityracingtv.com/
http://www.sandlercommunications.com/
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