Dale Jarrett Racing Adventure Increases 2nd Quarter Profitable Earnings
* Reuters is not responsible for the content in this press release.
HICKORY, N.C., Aug. 17 /PRNewswire-FirstCall/ -- Dale Jarrett Racing Adventure, Inc. (OTC Bulletin Board: DJRT), a "Full Throttle" lifetime experience company, today announced the release of its second quarter earnings statement on Form 10Q. The report disclosed the company's return to profitability as it posted a net profit of $73,683, an increase of 4% over its 2008 showing. The strong showing was supported by increased margins and decreased general and administrative expenses. The report also showed a 19% increase in booked sales over the same period last year. This is notably the second quarter in a row where the company has enjoyed a year to year increase in gross profits. The complete report can be obtained by visiting the company's website at http://www.RacingAdventure.com. Commenting on the report, Tim Shannon, CEO of Dale Jarrett Racing Adventure said, "We are pleased that, in the face of the challenges presented by today's economy, we made the adjustments necessary to not only return to profitability but to show improvement over this time last year, before the recession was in full force. We believe this report is a validation of our commitment to providing the market with the finest and most innovative adventures available while maintaining sound fiscal practices. Our racing adventure, where you can drive NASCAR stock cars around some of the most famous NASCAR tracks in the country at speeds of up to 170 mph, continues to prove itself superior to the competition while our WW II Adventure and our newest Firefighter Adventure set new standards of excellence for both realism and innovation." These adventures can be visited at http://WorldWarIIAdventure.com and http://FireFighterAdventure.com. Forward-Looking Statements Certain of the statements contained in this press release contain forward-looking statements that involve a number of 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 and Section 21E of the Securities Exchange Act of 1934, as amended. 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. The 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. Contact: Tim Shannon (828) 466-8837 SOURCE Dale Jarrett Racing Adventure, Inc. Tim Shannon of Dale Jarrett Racing Adventure, Inc., +1-828-466-8837
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters