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Dale Jarrett Racing Adventure to Repurchase 3.4% of Outstanding Shares

Tue. December 23, 2008; Posted: 11:06 AM
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HICKORY, N.C., Dec 23, 2008 /PRNewswire-FirstCall via COMTEX/ -- DJRT | Quote | Chart | News | PowerRating -- Dale Jarrett Racing Adventure, Inc. (OTC Bulletin Board: DJRT), a "Full Throttle" lifetime experience company, announced today that it has negotiated an agreement to repurchase and retire 855,000 shares from Mr. Ned Jarrett, one of the founders of the company. This represents 3.42% of the company's outstanding shares. The transaction will close on December 24, 2008.

According to CEO, Tim Shannon, "We're pleased to be able to announce such a material reduction in the total outstanding shares in the company. Our confidence in the company's future and our belief in the value of our stock can best be expressed by repurchasing it when the opportunity presents itself and we look forward to continuing this practice in the future."

Dale Jarrett Racing Adventure produces and markets "Full Throttle" lifetime adventures for both the public and as private corporate events. Currently the company offers a NASCAR racing adventure where participants can drive or ride in NASCAR type race cars on some of America's most famous race tracks. It also recently introduced its latest product, the WWII Adventure where, over three days a participant relives the life of a WWII B-17 aviator preparing and embarking on a bombing mission over Occupied Europe. The company's websites are located at http://www.RacingAdventure.com and http://www.WWIIAdventure.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 (888)467-2231

SOURCE Dale Jarrett Racing Adventure, Inc.

http://www.racingadventure.com

For full details for DJRT click here.

    


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