Starting April 1st there will be three partners involved in AMG Racing, the company Pete McKay started in 1984. The handshake deal cost myself and Willis Young $300 each, and hopefully will bring dividends pretty quickly.
Pete will continue to produce the bucks and bodies through the current planned production. This includes all of the existing bucks (sprinter, super modified, sports car, DIRT Late Model, Odyssey and Formula car) as well as those in contracted production (DIRT II Late Model and Short Track Wedge). Any new molds commissioned after April 1st will be purchased by Willis and myself at an agreed upon price and produced and marketrd in commercial numbers. All of Pete's current molds will continue to be his property as will the already commissioned molds, and we will produce them for him in commercial distribution numbers for 50% of the net profits. Any new molds Pete makes for himself will fall under the same criteria.
A new commercial site will be erected soon with it's own domain using the AMG name. Through this site you will be able to buy these bodies commercially using paypal or a credit card. Other terms are being determined and Pete has insisted that any commercial development also include becoming a supporter of this site. So be it. Once the site is done the three of us will share the cost of adding our name to the list of HobbyTalk supporters, anticipated for after April 1st.
All of the deals made thus far for promotional cars will be honored. If you're a member of the testing program Pete started then it will continue until April 1st. Afterward all testing will be done locally. Some cars may be made available as a promotional endorsement for established clubs wishing to run an AMG SPEC race, like HOSRA does, again the criteria for participation needs to be developed.
Further details will be disclosed on http://www.hostingphpbb.com/forum/hoslotracing.html in the very near future.