DENVER, CO (May 19, 2010) — Motor Sport Country Club, LLC (MSCC), anticipated to be, upon completion, one of the largest Motorsports destination resorts in the world, announced yesterday the completion of a reverse merger with publicly traded Victoria Industries, Inc. (VIIN) , a Nevada-based corporation that is fully-reporting and currently traded on the OTC Bulletin Board. Under the terms of the transaction, Motor Sport Country Club becomes Victoria’s principal operating business, as a wholly-owned subsidiary, and Victoria Industries, Inc. will change its name to “Motor Sport Country Club Holdings, Inc.” as soon as reasonably possible.
“Becoming a publicly-traded corporation will help us gain access to the capital we need in order to aggressively grow the planned build out of the resort while providing transparency for our members and financiers,” said Claus Wagner, Chairman and CEO of Motor Sport Country Club, LLC. “This is a huge step forward for Motor Sport Country Club and we look forward to providing updates on our progress in the coming months.”
Motor Sport Country Club was founded in 2007 and will sit on 2,600 acres located less than an hour from downtown Denver and on the I-70 corridor. The resort will be home to the “Ring of the Rockies” racetrack circuits, modeled after the famous Nuerburgring in Germany. Management believes that upon completion of the building of the racetrack, it will make Colorado the home of the most extensive and diverse Formula 1- and MotoGP-caliber tracks in the world, offering over 10 miles of premium racing surface in a variety of configurations with 1,000-foot to 7,000-foot straightaways, pulse-pounding elevation changes, high speed turns and other features that will challenge drivers of every level. Memberships at Motor Sport Country Club are currently available starting at $175,000.
Designed by renowned F1 track designer Hermann Tilke, the master plan of Motor Sport Country Club’s resort will include state-of-the-art amenities beginning with the clubhouse, which will be situated where all four tracks converge and feature panoramic views. The pit and garage areas, professional paddock, and driving school will be conveniently located on the ground floor of the Race Club. The upper floor will feature viewing lounge areas, restaurants, cafes, bars, a wine tasting room, locker rooms and other clubhouse amenities. The Residence Club will be located on the highest point of the resort, with a direct view of the race track circuit, with Pike’s Peak and the Rocky Mountain range in the background. The Residence Club will feature a range of luxury suites, a fitness club and spa, and an outside pool and deck to fully enjoy the 300 plus days of Colorado sunshine each year.
For more information, please visit www.motorsportcc.com
ABOUT MOTOR SPORT COUNTRY CLUB
The Motor Sport Country Club of Colorado (MSCC), home to the future “Ring of the Rockies” racetrack circuits, is the first Formula 1-inspired, multi-track planned country club in North America. Located less than an hour outside of Denver, Colorado, MSCC’s track plans are modeled after the famous Nuerburgring in Germany and are designed by the world-renowned Formula 1 racetrack architect, Hermann Tilke. Set amid 2,600 acres of breathtaking scenery, MSCC will offer a full array of Motorsports, top driving instruction, state-of-the-art clubhouse, generous amenities for the entire family and a limited collection of spacious home sites and luxury villas. MSCC will be an exclusive performance lifestyle racing resort where those with a passion for Motorsports can give their adrenaline a place to call home in a true luxury environment. For more information visit www.MotorSportCC.com or call (303) 459-7745.
Cautionary Note Regarding Forward Looking Statements This press release contains forward-looking statements regarding future events and financial performance. In some cases, you can identify these statements by words such as “may,” “might,” “will,” “should,” “except,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of these terms and other comparable terminology. These statements involve a number of risks and uncertainties and are based on numerous assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company’s control. There are or may be important factors that could cause our actual results to materially differ from our historical results or from any future results expressed or implied by such forward looking statements. These factors include, but are not limited to, those discussed under the section entitled “Risk Factors” in our Annual Report on Form 10-K which is available at the U.S. Securities and Exchange Commission website at www.sec.gov. The forward-looking statements in this press release are based upon management’s reasonable belief as of the date hereof. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
SOURCE: Victoria Industries Inc.