Sebring International Raceway Lease Sold To Road Atlanta, Ltd---

7 January 1998


Redmond, WA January 5, 1998

The International Motor Sports Group (IMSG) announced today that it had sold
the long-term lease of Sebring International Raceway (SIR) to Road Atlanta
Ltd. The terms of the sale were not disclosed. Andy Evans, Chairman of IMSG,
commented "Sebring is one of the legendary names in American motorsports,
and while 1997 saw the track report record revenues, IMSG has chosen to
focus on its core businesses-our brands like Jimmy Kite, Cristen Powell and
Brett Bodine; and related enterprises like Royal Purple Motor Oil and Klein
Engines." Evans further commented "IMSG remains interested in acquiring
major racing facilities, but we will concentrate our efforts on facilities
which host the type of events where our primary racing enterprises compete."

The sale of the lease to Road Atlanta, Ltd,  which is headed by Dr.Don Panoz
of the Panoz Motor Sports Group, is seen by many in the motorsports
community as a stabilizing force to mend the current split in sportscar
racing.  Panoz Motor Sports owns Road Atlanta, competes on both sides of the
Atlantic with the Panoz GTR-1 and brings to the table the necessary funding,
business acumen and vision to pick up the pieces left behind during the
turbulent tenure of Andy Evans. Dr.Panoz commented "Sebring International
Raceway is one of the most storied and internationally famous circuits in
North America. We are very happy to add this property to Road Atlanta, Ltd.
We now have two of America's finest road courses and we intend to carry out
major development work to keep them among the world's finest road racing
venues." 

Dr.Panoz further commented "Like Andy, I also have a very fond memory of
Sebring. In October, our Panoz-Ford GTR1 scored its first FIA GT world
championship points when it finished third in the rain at the NAPA Auto
Parts Sebring Octoberfest. To reach the podium for the first time and to do
it in the United States was a tremendous thrill. With our major improvement
program at Road Atlanta nearly complete, we will look to build Sebring into
one of the premier road courses for the 21st century."

David Treffer-The Auto Channel
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