NEWTON, N.C., May 29 /PRNewswire-FirstCall/ -- Dale Jarrett RacingAdventure, Inc. (OTC Bulletin Board: DJRT) a "Full Throttle" lifetimeexperience company, has announced today that the company's 1st quarter 10Qincluded the following comparisons to the 1st quarter of 2006: -- 112% growth in Quarterly Sales - $321K vs. $151K -- 359% growth in Quarterly Gross profit - $183K vs. $40K "Although the seasonal nature of our business presents a certainchallenge for our company in the 1st quarter, we have taken significantsteps this year to change that and are confident similar growth rates canbe achieved in the future. Doubling total revenue and tripling gross profitare excellent indicators that we are on the right track," said Tim Shannon,President. An important distinction between the two filings is the non-cashcompensation of 380,000 restricted common shares representing $125K in 1stquarter 2007 expenses as compared to 0 shares and $0 in the 1st quarter of2006. This non-cash compensation is an example of the company'sdetermination to increase the awareness of the company through nationalpublic and investor relations. The Dale Jarrett Racing Adventure provides lifetime experiences withall of the drama, thrills and excitement of driving your own authenticNASCAR Nextel Cup race car on a nationally renowned Superspeedway. We callit Full Throttle Living. The company reserves various dates during the yearat NASCAR tracks across the country offering customers the option ofpurchasing packages ranging from a 3-lap ride to an 80-lap adventureweekend. Participants can achieve speeds of up to 165 mph at theSuperspeedways and are allowed to pass and draft with other students. Inorder to reach these speeds safely an instructional session is provided toacquaint the student with the racecar, safety precautions and the propergroove of the racetrack. DJRT was founded in 1998 and its shareholdersinclude NASCAR Champions Dale and Ned Jarrett, as well as Dale's brotherGlenn, Dale's son Jason, NASCAR driver Joe Nemechek and Green Bay Packersquarterback Brett Favre. Additional information is available by visitinghttp://www.racingadventure.com/ Investor Relations contact: Mr. Josh Carden @ 1-888-GO-RACE-1(1-888-467- 2231) This press release may contain forward-looking statements within themeaning of the Private Litigation Reform Act of 1995. Such forward-lookingstatements, particularly as related to the business plans of Dale JarrettRacing Adventure, Inc. to gain market acceptance, are based on currentexpectations that involve a number of risks and uncertainties. Actualresults may differ materially from the company's expectations andestimates.
SOURCE Dale Jarrett Racing Adventure, Inc.
Tuesday, June 5, 2007
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