Extreme Motorsports of California, Inc. (ETMO.PK) Acquires Vehicle Financing Company
Extreme Motorsports announced that it has completed the acquisition of Southern Offroad Vehicle Services. This acquisition will allow the company to provide financing to their customers and will also make Extreme Motorsports the first to offer leasing options for sandcar purchases. The company will now be able to achieve greater throughput and profit margins by shifting its financing costs to the customer instead of financing the 12-month or more loans through the operating cash flow of the company. Alan McCaa, President and CEO of Extreme Motorsports, commented, “The acquisition of SOVS provides Extreme with the capability to deliver direct financing…