SANTA ANA, Calif., Dec. 18, 2000 (PRIMEZONE) -- Donner Corp. International, a broker/dealer specializing in investment banking, headquartered in Santa Ana, Calif., today issued a Speculative Buy Recommendation and initiated coverage on Jarrett/Favre Driving Adventure, Inc. (OTCBB:JVTT), Orlando, Fla. The Jarrett/Favre Driving Adventure allows participants to experience the thrills of driving at speeds of up to 170 miles per hour in fully equipped, authentic NASCAR race cars on nationally recognized race tracks.
"Dale Jarrett, the well-known NASCAR driver and Winston Cup Champion, and Brett Favre, quarterback of the Green Bay Packers and the only three-time MVP in NFL history, have entered into 10-year contracts to provide their names and likenesses to all merchandise sold by the Company, which could translate into millions in revenues as participants purchase hats, T-shirts and videotapes memorializing their day at the race track," Donner said.
"The Jarrett/Favre Driving Adventure is reporting a dramatic increase in revenues, up 238 percent compared to last year in the most recent quarter," Donner said. "In 2001 the Company plans to run 159 driving days, a 300 percent increase in revenue producing days over the year 2000."
"The Company currently conducts race car adventures for drivers at the legendary Talladega Superspeedway and other prestigious racetracks including the Atlanta and Bristol Motor Speedways, Darlington Raceway and the New Hampshire International Speedway," Donner said. "The Company offers different types of race car driving programs for individuals and corporations, with packages to fit every ego and budget."
"We believe the Jarrett/Favre Driving Adventure is highly undervalued considering the tremendous popularity and success of NASCAR racing, the unique and exciting entertainment it offers to a large and enthusiastic demographic of race fans, and the celebrity recognition inherent in the names Jarrett and Favre, which should help fuel both immediate and long-term growth," Donner concluded.
Copies of the Donner report on the Jarrett/Favre Driving Adventure, Inc. are available at www.donnercorp.com.
DCI is a broker member of NASD, CRD number 37702. Any information or opinion provided in this report/release does not solicit or make an offer to buy or sell any securities or any options, futures or other derivatives related to such securities herein. DCI and its affiliates may trade for their own accounts in any securities of the issuer or in related securities. DCI or its affiliates, directors, officers and employees, may have a long or short position in securities of the issuer or related investments. DCI or its affiliates may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any entity mentioned in this report/release. This research report/release has been prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objective, financial situation, suitability, and the particular need of any specific person who may receive this report/release. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report/release and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall substantially. Accordingly, investors may receive back less than originally invested. Past performance is not indicative of future performance. Copyright 2000 DCI. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that DCI was recently compensated by JVTT in the form of a $2,500 due diligence fee, and DCI receives $250 per month for services provided. DCI will also receive 20,000 shares of restricted JVTT common stock. There will be a negotiable fee for merger, acquisition, institutional transactions or other business relationships entered between JVTT and companies introduced by DCI.