Active Mountain Raceway

 
 

Corporate

Letter from the President

March 1, 2004

Dear Motor Racing Fans,

Over the past 3 years Active Mountain Raceway has proceeded to develop a premium motor racing facility in Merritt. AMR aims to create a facility that is second to none in Western Canada. The Company has covered the ground essential to ensuring the success of this venture, and has to date achieved the following significant milestones.

November 2000 Zoning designation changed to permit Racetrack
July 2001       Industry and Sponsor Interest Obtained
August 2002 Track design and road layout completed
May 2003 Provincial Government Approval as Venture Capital Corp.
October 2003 Active Mountain Raceway Agreements signed
November 2003 Provincial Government VCC Approval extended to March 2005
December 2003   Events and Project Management Team created
February 2004  Sponsorship Programs initiated



I am pleased to confirm that the Provincial Government renewed our approval as a Venture Capital Corporation and investment into the Company is eligible for a 30% Tax Credit until March 2005. The Shares in the Company also qualify as investments into Registered Retirement Savings Plans (RRSPs’). The Company will raise $2 million for the construction of the racetrack and events organization by way of initial offering of shares to the public, thus providing the opportunity to participate in this extremely exciting industry.

The beautiful 300-acre site is ready to go, with the preliminary work completed, in anticipation of the construction of the first phase being a 2.5 Mile “road course” race track. The Raceway has been developed under the financial support and guidance of the Active Mountain Entertainment group, with over $900,000 invested to date, and the completion of all of the required regulatory, geo-technical, and site preparatory groundwork. This road course will operate various events throughout the year including road racing, safety driving schools, automotive industry and manufacturer events and several national car and motorcycle racing events.

The recently formed Events and Project Management Group is discussing Sponsorship opportunities with a number of corporations, and is in discussions to secure several dates for events in the 2005 season.

Please read the enclosed information, visit our website at www.mountainfest.com, or feel free to contact us regarding this exciting opportunity. Please call if you would like any further information on the Company or how to subscribe. We always appreciate you as a member of the Active Mountain family and now look forward to having you as a recipient of the financial benefits too.

Yours truly,

Claude G. Lelievre
President


Investor Information

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For details on "Self-Directed RRSP's"

Please Contact Olympia Trust
Toll Free 1-800-727-4493 or

Click Here To Visit Their Website


Or

Contact us for more info

Claude G. Lelievre

  Claude G. Lelievre
       President


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