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Timothy S. Durham Invests in Car Collector Magazine
INDIANAPOLIS, Jan. 25 /PRNewswire-FirstCall/ -- Timothy S. Durham, Chairman
and CEO of Obsidian Enterprises, Inc. (OTC:OBDE) (BULLETIN BOARD: OBDE) , has
invested in Car Collector magazine.
Car Collector magazine, a leading automotive authority in the collector car
industry for over a quarter of a century, has joined with Mr. Durham to launch
a new expanded publications group. "This is an exciting opportunity," says
Jeffrey W. Broadus, Car Collector magazine's Publisher and Chief Executive of
Car Collector LLC.
"I try to find ways to tie my personal interests into a business setting, and
one of my greatest passions is the collection of classic cars," said Durham.
"I've had an ongoing relationship with Car Collector over the years through one
of my other investments, Speedster Motorcars. I know the quality of the
publication that is issued each month so it was a perfect fit for me."
Durham will also sit on the Car Collector LLC board of directors. "Tim is an
enthusiastic and experienced car collector," notes Broadus. "He understands
the hobby and the interests of our core market, while at the same time bringing
the broad experience of a professional manager and investor to the company."
Durham's automobile collection currently stands at over 45 collector cars and
growing. The collection includes a 1930 Model J Duesenberg Transformable
Cabriolet bodied in France by Hibbard and Darrin for millionaire publisher
William Randolph Hearst and film star Marion Davies; a fully restored Tucker,
perhaps the best in the world; a 1929 Duesenberg with a LeBaron Convertible
Berline body built on the first 153-1/2 inch long wheelbase chassis; many
Auburns, including a 1929, and a 1935 Model 851 Boattail Speedster; and
assorted Packards, Jaguars and other collectible automobiles.
Car Collector magazine covers all aspects of the collector car hobby, including
antique and brass era cars, classics, postwar American and European cars,
muscle cars, celebrity collections, future collector cars and value guide
information on featured marques. Related fields such as the economics of car
collecting, restoration, event and auction highlights are covered monthly by a
seasoned staff of automotive authorities led by award-winning author and
Editor-in-Chief Dennis Adler. In addition, Car Collector's custom publishing
division now publishes show programs for most of America's foremost Concours
d'Elegance along with its recently-announced Web-delivered collector car
auction reports, Car Collector's Market Journal.
Obsidian Enterprises, Inc. is a publicly traded holding company headquartered
in Indianapolis, Indiana that invests in small and mid cap companies in basic
industries such as manufacturing and transportation. Car Collector LLC is
based in Titusville, Florida. Its primary business is publishing Car Collector
magazine and custom publishing event programs and club magazines. Car
Collector magazine is published monthly and available by subscription as well
as on select newsstands.
Additional information on Timothy S. Durham, Obsidian Enterprises or its
companies, can be found online at http://www.obsidianenterprises.com/ .
DATASOURCE: Obsidian Enterprises, Inc.
CONTACT: Timothy S. Durham, Chairman & C.E.O. of Obsidian Enterprises,
Inc., +1-317-237-4122, ; or Jeffrey W. Broadus, Publisher of
Car Collector Magazine, +1-800-523-6322,
Web site: http://www.obsidianenterprises.com/