Smi Announces 2007 First Quarter Results

The automotive world has been part of the car more passionate life. The latest racing cars and auto parts aftermarket controls and BM-known companies and motor sports are important to them. Speedway Motor Sports, Inc. (SMI), one of the famous companies in the field of motor sport, has recently announced its first quarter 2007 net income, amounting to U.S. $ 31.9 million last year of $ 32.2 million and the total turnover of U.S. $ 152.2 million This year's U.S. $ 151.1 million last year. SMI also offered his first full-year 2007 revenue of $ 2.43 to $ 2.53 per diluted share, on the assumption that the industry and current economic trends continue, and their exclusion from the 50% in motor sports actual operating results of joint ventures, capital expenditures exceeding current plans, the impact of rising fuel prices, interest rates, the variables of non-core activities, the geopolitical differences, poor weather surrounding events or other unavoidable factors. SMI has also mentioned the highlights of the first quarter of 2007. This includes record levels of corporate marketing and other revenue generating events for the NASCAR races held during this period. During the UAW-DaimlerChrysler 400 NASCAR NEXTEL Cup Racing Series event, the Las Vegas Motor Speedway have sponsored an "all tickets sold" the event. That house also has a higher frequency in 2 of the Sam's Town 300 Busch Series. Atlanta Motor Speedway again hosted a large number of participants in NASCAR NEXTEL Cup Series Kobalt Tools 500 and Nicorette 300 Busch Series races. This is considered a success, despite some inevitable factors that happened last year, which consequently affects attendance at this race last year in the NEXTEL Cup. In addition, the Bristol Motor Speedway once again hosted an "all sold out" at the Food City 500 NASCAR NEXTEL Cup Series. In the Sharpie Mini 300 Busch Series at Bristol Motor Speedway, also hosted a record crowd. Moreover, the highlights of the first quarter of 2007 also include the company share buyback program of actions. Sixty-seven thousand (67,000) ordinary shares for an estimated 2.6 million have been acquired by the company. Motor Speedway, sports executives have given their comments on 2007 results reported in the first quarter. According to HA Wheeler, Chief Operating Officer and President of Speedway Motorsports, his eyes register as their sponsorships, luxury suite rentals, camping, radio, car track, and a large increase in terms of spectators, although many factors negative affect the company. It also said its current net income represents the strength of their activities. "SMI added that 2007 season will be another difficult year because of an outstanding line up of upcoming events, sponsorships, corporate events and other similar income. Sport Motor Speedway President and Chief Executive Officer O. Bruton Smith said he was particularly proud to reveal its stunning and incredibly successful "super highway Neon Garage 'and refined to accommodate large crowds in Las Vegas Motor Speedway in March 2007 NASCAR race weekend . Owning and operating plants, 7 Main sport Motor Speedway is a leading developer of entertainment and motor sports in the states of Italy.