Reality Racing Shifts Gears With Approval of Sandler Communications Purchase Agreement
28 September 2007 - 3:31PM
PR Newswire (US)
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
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. DATASOURCE: Reality Racing, Inc. CONTACT: Gabe Sandler
of Sandler Communications, Inc., 1-866-772-0118, , for Reality
Racing, Inc. Web site: http://www.realityracingtv.com/
http://www.sandlercommunications.com/
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