Financing and Leasing Added to Extreme Motorsports (ETMO.PK) Via Acquisition
Extreme Motorsports of California, Inc. (ETMO.PK) reports that it has completed the acquisition of Southern Offroad Vehicle Services, LLC , a company dedicated to providing financing for customers purchasing off-road vehicles. Through this acquisition, Extreme will not only be able to offer its customers direct financing of sandcar purchases, but will also be the first sandcar manufacturer to offer leasing options, much like any traditional car dealer. As previously announced, in exchange for all of the capital stock of SOVS, Extreme has paid $10,000 in cash and 15 million shares of Extreme common stock. Of the 15 million share of…