SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                               ------------------

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) of the
                         SECURITIES EXCHANGE ACT OF 1934

                               ------------------

                        Date of Report: December 5, 2005


                          American Racing Capital, Inc.
                          -----------------------------
               (Exact Name of Registrant as Specified in Charter)


          Nevada                       000-29057                  87-0631750
          ------                       ---------                  ----------
(State or other jurisdiction          (Commission               (IRS Employer
     of incorporation)                File Number)           Identification No.)


          4702 Oleander Drive, Suite 200
           Myrtle Beach, South Carolina                          29577
           ----------------------------                          -----
     (Address of principal executive offices)                 (Zip code)


       Registrant's telephone number, including area code: (843) 497-7028
<PAGE>

ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS

      American Racing Capital,  Inc. (formerly Altrimega Health Corporation),  a
Nevada  corporation  ("ARC"  or the  "Company")  entered  into a Share  Exchange
Agreement,  dated  October 17, 2005, by and among the Company,  American  Racing
Capital,  Inc., a Nevada corporation  ("ARCI") and the shareholders of ARCI (the
"ARCI  Shareholders").  Pursuant  to the  Share  Exchange  Agreement,  the  ARCI
Shareholders  exchanged  with, and delivered to, ARC the issued and  outstanding
common stock of ARCI in exchange for  150,000,000  shares of ARC's common stock,
par value $0.001, and 1,000,000 shares of Series A Convertible  Preferred Stock,
par value $0.001 per share, of ARC. As a result of the Share Exchange Agreement,
and upon the filing of the  required  Plan and  Exchange  with the  Secretary of
State of the State of  Nevada,  ARCI  became a  wholly-owned  subsidiary  of the
Company.  On  October  18,  2005,  the  Company  entered  into a Share  Exchange
Agreement,  by and among the  Company,  ARC  Development  Corporation,  a Nevada
corporation  ("ARCD") and the  shareholders  of ARCD (the "ARCD  Shareholders").
Pursuant to the Share Exchange Agreement,  the ARCD Shareholders exchanged with,
and  delivered  to,  ARC the  issued  and  outstanding  common  stock of ARCD in
exchange for  235,000,000  shares of ARC's common stock,  par value $0.001,  and
1,000,000  shares of Series A Convertible  Preferred Stock, par value $0.001 per
share, of ARC. As a result of the Share Exchange Agreement,  and upon the filing
of the required  Plan and Exchange  with the  Secretary of State of the State of
Nevada, ARCD became a wholly-owned subsidiary of the Company.

ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES

      In connection with the consummation of the transactions  mentioned in Item
2.01, the Company issued  150,000,00 shares of common stock and 1,000,000 shares
of  Series A  Convertible  Preferred  Stock  to the  stockholders  of ARCI,  and
235,000,000  shares of common stock and 1,000,000 shares of Series A Convertible
Preferred Stock to the stockholders of ARCD.

ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL  OFFICERS,  ELECTION OF DIRECTORS;
          APPOINTMENT OF PRINCIPAL OFFICERS

      On November 18, 2005, the Company's  Board of Directors  appointed D. Davy
Jones as President and Director and Robert Koveleski as Secretary and Director.

      On November 18, 2005, Mr. John W. Gandy resigned as President and Director
of the  Company.  Also on November  18,  2005,  Mr. Ron E.  Hendrix  resigned as
Secretary  and  Director  and John F.  Smith,  III  resigned  as Director of the
Company.

ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION  AND BYLAWS;  CHANGE IN FISCAL
          YEAR

      On October 19, 2005, the Company filed the  Certificate of Designations to
the  Articles  of  Incorporation  with the  Secretary  of State of the  State of
Nevada,  setting forth the rights and  designations  of the Series A Convertible
Preferred Stock.
<PAGE>

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c)   Exhibits

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------
Exhibit           Description
--------------------------------------------------------------------------------------------------------------
<S>               <C>                                                           <C>
Exhibit 10.1      Share Exchange Agreement, dated October 17, 2005,             Incorporated by reference as
                  by and among the Company, American Racing Capital, Inc.,      Exhibit 99.1 to Form 8-K filed
                  and the shareholders of American Racing Capital, Inc.         on October 17, 2005

Exhibit 10.2      Share Exchange Agreement, dated October 18, 2005, by          Incorporated by reference as
                  and among the  Company, ARC Development Corporation,          Exhibit 99.1 to Form 8-K filed
                  and the shareholders of ARC Development Corporation           on October 19, 2005

Exhibit 3.2       Certificate of Designation of the Series A Convertible        Provided herein
                  Preferred Stock of American Racing Capital, Inc.
</TABLE>

<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                     American Racing Capital, Inc.,


                                     /s/ D. Davy Jones
                                     ------------------------------
                                     Name:  D. Davy Jones
                                     Title: Chairman and President
                                     Date:  December 5, 2005
{"company-data": {"conformed-name": "ALTRIMEGA HEALTH CORP", "cik": "0001103086", "assigned-sic": "4813", "irs-number": "870631750", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-29057", "film-number": "051244023"}, "business-address": {"street1": "5600 BELL STREET", "street2": "SUITE 111", "city": "AMARILLO", "state": "TX", "zip": "79106", "phone": "8063529599"}, "mail-address": {"street1": "5600 BELL STREET", "street2": "SUITE 111", "city": "AMARILLO", "state": "TX", "zip": "79106"}}
SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                               ------------------

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) of the
                         SECURITIES EXCHANGE ACT OF 1934

                               ------------------

                        Date of Report: December 5, 2005

                          American Racing Capital, Inc.
                          -----------------------------
               (Exact Name of Registrant as Specified in Charter)

          Nevada                       000-29057                  87-0631750
          ------                       ---------                  ----------
(State or other jurisdiction          (Commission               (IRS Employer
     of incorporation)                File Number)           Identification No.)

          4702 Oleander Drive, Suite 200
           Myrtle Beach, South Carolina                          29577
           ----------------------------                          -----
     (Address of principal executive offices)                 (Zip code)

       Registrant's telephone number, including area code: (843) 497-7028
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS

      American Racing Capital,  Inc. (formerly Altrimega Health Corporation),  a
Nevada  corporation  ("ARC"  or the  "Company")  entered  into a Share  Exchange
Agreement,  dated  October 17, 2005, by and among the Company,  American  Racing
Capital,  Inc., a Nevada corporation  ("ARCI") and the shareholders of ARCI (the
"ARCI  Shareholders").  Pursuant  to the  Share  Exchange  Agreement,  the  ARCI
Shareholders  exchanged  with, and delivered to, ARC the issued and  outstanding
common stock of ARCI in exchange for  150,000,000  shares of ARC's common stock,
par value $0.001, and 1,000,000 shares of Series A Convertible  Preferred Stock,
par value $0.001 per share, of ARC. As a result of the Share Exchange Agreement,
and upon the filing of the  required  Plan and  Exchange  with the  Secretary of
State of the State of  Nevada,  ARCI  became a  wholly-owned  subsidiary  of the
Company.  On  October  18,  2005,  the  Company  entered  into a Share  Exchange
Agreement,  by and among the  Company,  ARC  Development  Corporation,  a Nevada
corporation  ("ARCD") and the  shareholders  of ARCD (the "ARCD  Shareholders").
Pursuant to the Share Exchange Agreement,  the ARCD Shareholders exchanged with,
and  delivered  to,  ARC the  issued  and  outstanding  common  stock of ARCD in
exchange for  235,000,000  shares of ARC's common stock,  par value $0.001,  and
1,000,000  shares of Series A Convertible  Preferred Stock, par value $0.001 per
share, of ARC. As a result of the Share Exchange Agreement,  and upon the filing
of the required  Plan and Exchange  with the  Secretary of State of the State of
Nevada, ARCD became a wholly-owned subsidiary of the Company.

ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES

      In connection with the consummation of the transactions  mentioned in Item
2.01, the Company issued  150,000,00 shares of common stock and 1,000,000 shares
of  Series A  Convertible  Preferred  Stock  to the  stockholders  of ARCI,  and
235,000,000  shares of common stock and 1,000,000 shares of Series A Convertible
Preferred Stock to the stockholders of ARCD.

ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL  OFFICERS,  ELECTION OF DIRECTORS;
          APPOINTMENT OF PRINCIPAL OFFICERS

      On November 18, 2005, the Company's  Board of Directors  appointed D. Davy
Jones as President and Director and Robert Koveleski as Secretary and Director.

      On November 18, 2005, Mr. John W. Gandy resigned as President and Director
of the  Company.  Also on November  18,  2005,  Mr. Ron E.  Hendrix  resigned as
Secretary  and  Director  and John F.  Smith,  III  resigned  as Director of the
Company.

ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION  AND BYLAWS;  CHANGE IN FISCAL
          YEAR

      On October 19, 2005, the Company filed the  Certificate of Designations to
the  Articles  of  Incorporation  with the  Secretary  of State of the  State of
Nevada,  setting forth the rights and  designations  of the Series A Convertible
Preferred Stock.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c)   Exhibits
--------------------------------------------------------------------------------------------------------------
Exhibit           Description
--------------------------------------------------------------------------------------------------------------
Exhibit 10.1      Share Exchange Agreement, dated October 17, 2005,             Incorporated by reference as
                  by and among the Company, American Racing Capital, Inc.,      Exhibit 99.1 to Form 8-K filed
                  and the shareholders of American Racing Capital, Inc.         on October 17, 2005

Exhibit 10.2      Share Exchange Agreement, dated October 18, 2005, by          Incorporated by reference as
                  and among the  Company, ARC Development Corporation,          Exhibit 99.1 to Form 8-K filed
                  and the shareholders of ARC Development Corporation           on October 19, 2005

Exhibit 3.2       Certificate of Designation of the Series A Convertible        Provided herein
                  Preferred Stock of American Racing Capital, Inc.
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                     American Racing Capital, Inc.,

                                     /s/ D. Davy Jones
                                     ------------------------------
                                     Name:  D. Davy Jones
                                     Title: Chairman and President
                                     Date:  December 5, 2005