Delco Remy and Microphonics Team Up With ISM Racing for Indy 500
28 May 1999Delco Remy and Microphonics Team Up With ISM Racing for Indy 500
INDIANAPOLIS, May 27 -- Delco Remy International, Inc. and Microphonics (OTC Bulletin Board: MRPS) have teamed with Thermo Tech (OTC Bulletin Board: TTRIF) and Prolong (Amex: PRL) in sponsoring ISM Racing and its driver Steve Knapp in the 83rd running of the Indianapolis 500. ISM Racing is a wholly owned subsidiary of ISM Holding Corp. (OTC Bulletin Board: ISMH). It is the second straight year that Delco Remy of Anderson, Indiana, has sponsored Knapp and the ISM Racing team. With the support of Delco Remy and Microphonics, Knapp, last season's Indianapolis 500 Bank One Rookie of the Year, qualified on the inside of Row Five (13th position) at an average speed of 221.502 mph. This year Knapp hopes to improve on his third-place finish in auto racing's premiere event. The purse for this year's Indianapolis 500 will not be determined until the day after the race, but it is expected to top the 8-million-dollar-plus purse of 1998. Regarding the sponsorship, ISM Racing president Bob Hancher stated, "We are extremely pleased that Delco Remy and Microphonics are joining our effort along with Prolong and Thermo Tech. We will do everything we can during the race to pursue the top spot and make sure our sponsors all get maximum exposure." Knapp agreed with Hancher, saying, "I'm very happy Delco Remy and Microphonics have come through with their support. I'm looking forward to representing them in the race and I will do what I can to win the race, not only for myself, but for them as well. They have helped make this possible." Delco Remy designs, manufactures, remanufactures and distributes electrical, powertrain/drivetrain and related components for automobiles and light trucks, medium and heavy-duty trucks and other heavy-duty off-road vehicles. Delco Remy products include starter motors, alternators, traction control systems, engines, transmissions, torque converters and fuel systems. Microphonics, founded in 1990 in Nashville, Tennessee, has developed a high-tech mechanical ultrasound diagnostic device that detects the presence of ultrasonic sound waves and translates those waves for the human ear. According to Microphonics, this hand-held Ultraphonic Detector is so exact that it can detect a hole half the thickness of a human hair. It can pinpoint and identify leaks, predict mechanical malfunctions and identify certain electrical problems, thus warning of impending trouble before malfunction occurs. ISM Holding's operations range from athlete management services for several professional sports figures and the solicitation of sponsorships and endorsements, to the ownership of automobile racing teams. ISM owns and operates several racing teams competing in both NASCAR and Indy Racing League Teams. The company generates the majority of revenues related to its racing teams from sponsors, which pay from $50,000 to several million dollars for various types of sponsorship. For more information contact Ken Severson at ISM Racing, 317-415-0035 or 317-865-8973. You can also check out the ISM Website at http://www.ISMH.com. Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. CONTACT: Jack Rosenberg of M&A West, Inc., 650-588-2678, for ISMH Investor Relations.