TAMPA, Fla., Jan. 11, 2006 (PRIMEZONE) -- Extreme Innovations, Inc. (Pink Sheets:EXTI) wishes to clarify its previous press release on Monday, January 9, 2006.
EXTI and T-Rex Vehicles Inc. are negotiating and have agreed in principle on the terms and conditions for the distribution rights of the T-Rex products within the territory of the United States. EXTI has paid a deposit for these rights but there is no guarantee that the parties will sign a definitive agreement. EXTI hopes to execute a definitive agreement by January 15, 2006. We apologize for any misunderstanding this may have caused for the Board of Directors of T-Rex Vehicles, Inc.
About Extreme Innovations: Extreme Innovations, Inc. markets, sells, and distributes cutting edge recreational vehicles. Extreme Innovations, Inc. is devoted to providing new, extreme recreational products with a marketing platform as well as sales support to help bring them to market.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.