Company Website
http://www.mezeyhowarth.com
Summary
Mezey Howarth Racing Stables, Inc. (OTC BB:MZYH.OB - News) is a thoroughbred racing company that extends the benefit of ownership to all shareholders. Mezey Howarth Racing Stables acquires and maintains a stable of race horses adequate to compete in the upper echelons of the thoroughbred horse racing industry. The Company acquires, owns, manages, trains, and races thoroughbred racing prospects. Mezey Howarth Racing Stables works with only the finest trainers, jockeys, veterinarians, farrier, and other service providers, to ensure that our horses are afforded every opportunity to excel.
Current Activity
Currently, a select few have elite access to the tracks, clubs, horses, and lifestyle associated with Thoroughbred racing seen in the Kentucky Derby, the Preakness, or the Belmont Stakes. Now, shareholders of Mezey Howarth Racing Stables will be able to access benefits of the Company's portfolio of race horses. By redefining the benefits of shareholders and owners alike, our shareholders are provided access to a level of the sport that would otherwise be unavailable to them.
Shareholders are able to attend the race tracks on the day that a Company horse is running and visit the barn and talk with the trainers. Additionally, shareholders will be able to participate in the walk through events before the race and have their photo taken in the winner's circle should the horse win. Shareholders can also visit on none race days, by making arrangements with the Company, the stables area, trainer's barn and watch morning workouts. The Company is currently planning on having our 2nd "Meet the Trainer and Jockey Luncheon." Shareholders will be invited once the date has been solidify.
President Paul Howarth states, "Although we are a corporation, we view ourselves as a partnership with the Wade and I as managing partners. We do not view the Company itself as the ultimate owner of its assets but instead the company is the conduit through which the shareholders own and use the assets."
The Company currently organizes its thoroughbreds in "Pods" of three. Each Pod consists of one (1) mid to upper level claimer and two (2) allowance and stakes level thoroughbreds. The Company created the Pods to keep a consistency to the quality of horses that we are purchasing instead of relying on the traditional impulse buying common in horse racing. For example, one Pod consist of The Emerald King as its mid to upper level claimer, Doblado (ARG) and Mahalo Maggie as its allowance and stakes level thoroughbreds.
Once a Pod is filled, the Company begins filling the next Pod. If a thoroughbred is injured or retied from a Pod then the Company fills that Pod again before moving to the next Pod. The Company is currently in the process of setting its Breeding division under a similar model.
The Company's goal for 2008 is to have 3 - 5 Pods filled. The estimated acquisition cost for the thoroughbreds for each Pod is $225,000.
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