NHRA Update: Star Racing Looking For A New Primary Sponsor

STAR RACING LOOKING FOR NEW PRIMARY SPONSOR

Americus, Ga., August 13, 2002 - Team owner George Bryce today announced that 
the search had begun for a new corporate partner of the NHRA Pro Stock 
Motorcycle ridden by two-time defending champion Angelle Savoie.  Citing 
unexpected inconsistencies with the project's development, Bryce explained 
that Star Racing and CVEC Power Systems had decided to part company effective 
immediately.  

"When we originally signed CVEC as our primary sponsor, we felt there was 
great potential in the program which could greatly benefit both 
organizations," said Bryce.  "They have a quality product, and we have proven 
ourselves as effective corporate representatives.  It really came down to bad 
timing.  Their goal of bringing a motorcycle exhaust system to the market 
relied heavily on the participation of outside investors, which have yet to 
materialize.

"Therefore, we have decided it would be best to go our separate ways.  We are 
in the process of negotiating a settlement, which will allow both companies 
to move forward.  In this manner, they can take the time to further research 
their planned expansion, while the Star Racing team can concentrate on 
finding a new, long-term corporate sponsor, as well as winning the POWERade 
championship."

Today's announcement leaves Angelle and the Star Racing team in the midst of 
a heated championship battle without full financial support.  Although 
admitting the last few months have taken their toll, Bryce was quick to 
squelch any notions that the team must suspend operations and acknowledged 
the contributions of those responsible for keeping Angelle's championship 
pursuit on track.

"There is no denying that this has been a distraction to our team, and the 
fact that we have run as well as we have says a lot about Star Racing's 
character," explained Bryce.  "But make no mistake about today's news.  We 
might have to tighten our belts a couple extra notches, but we're not going 
to park a championship-contending motorcycle.

"A huge word of thanks goes to our entire family of outstanding associate 
sponsors, including Suzuki and Snap-On Tools, without whose continued support 
we couldn't have stayed in the thick of this championship chase.

"Naturally, we are in the process of searching for a new marketing partner.  
It is not often that you can offer a potential sponsor a two-time and 
defending champion who is also currently the points leader, but that's 
exactly what they would get in Angelle and Star Racing.  Hopefully, someone 
in corporate America will realize this great opportunity to join our 
championship team."