LAS VEGAS, Nov. 8, 2012 /PRNewswire/ -- Dale Jarrett Racing Adventure, Inc. (OTC QB: DJRT), a "Full Throttle" lifetime experience company, announced today that the Company is in the process of relocating its Las Vegas operations to the Charlotte Motor Speedway after being informed that Richard Petty Driving Experience has outbid us and secured an exclusive contract for the Las Vegas Motor Speedway.
According to CEO Tim Shannon, "While we are disappointed at this unexpected development, on a positive note, the past 9 months in Las Vegas has given us the opportunity to successfully test and improve our management strategy for national expansion. Additionally, the experience gained will certainly benefit us in the future as we look to expand our operations and build our business going forward."
"While we are in the process of pursuing new growth opportunities, we will be focusing our current efforts on adding additional event dates in Charlotte as well as in Texas, Chicago and other popular venues."
About Dale Jarrett Racing Adventure
The Dale Jarrett Racing Adventure offers racing fans the opportunity to race an authentic race car on a major racetrack. Our racing "adventurers" enjoy a life-defining experience. They receive vital training from top racing instructors, wear real racing suits and safety gear, and pilot a race car that was once driven by one of the racing greats. Hand signals from the instructor teach you to race like the pros. We surpasses "follow-the-leader" approaches and teach guests to race like NASCAR drivers, find the line, draft and pass for optimum fun. Our 100% safety record and numerous celebrity endorsements testify to the excitement and unforgettable thrill of our racing adventure.
Certain of the statements contained in this press release contain forward-looking statements that involve risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended in Section 21E of the Securities Exchange Act of 1934. Dale Jarrett Racing Adventure, Inc. has based these forward-looking statements on its current expectations and projections about future events, based on the information currently available to it. Forward-looking statements contained in this press release may also include statements relating to Dale Jarrett Racing Adventure's anticipated financial performance, business prospects, new developments, strategies and similar matters. Dale Jarrett Racing Adventure disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
Tim Shannon, +1-888-467-2231, firstname.lastname@example.org
SOURCE Dale Jarrett Racing Adventure, Inc.