SCCA Pro Racing President Comments on IMSG Decison to End Negotiations

28 June 1997


GREENWOOD COMMENTS ON DISCONTINUATION OF NEGOTIATIONS BETWEEN SCCA PRO
RACING AND IMSG
 
June 27, 1997

ENGLEWOOD, Colo.--SCCA Pro Racing, Ltd. President and CEO Dan
Greenwood comments on IMSG's decision to discontinue negotiations with
SCCA Pro Racing, Ltd., with respect to forming a business alliance:

"Quite honestly, I was somewhat surprised with the decision. The
negotiations were ongoing. I certainly wasn't of the opinion that we
had reached a stalemate or were at the point of 'take it or leave it.'

"SCCA Pro Racing has a strong vision of the future and are very
optimistic about our role in sports car racing. We've positioned SCCA
Pro Racing and our respective series so as to maximize the potential
within our niche of the marketplace. The termination of talks has
little or no bearing on the direction we're headed.

"At the same time, we're disappointed with the International Motor
Sports Group's decision to discontinue talks because we were of the
opinion that our two entities working together to unify North American
sports car racing could have had a tremendous benefit to promoters,
race teams, and particularly motorsports fans.

"Hopefully, SCCA Pro Racing and IMSG can revisit the issue at some
future date because the unification of sports car racing is the right
thing to do.

"I'm sure that IMSG's decision to terminate talks will not have an
impact on our two remaining co-sanctioned weekends at Mosport Park and
Pikes Peak International Raceway."


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