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Speedway Motorsports Announces No Material Developments

26 August 1999

Speedway Motorsports Announces No Material Developments

    CONCORD, N.C., Aug. 25 -- Speedway Motorsports, Inc.
today announced that it knows of no recent or pending material
announcements or recent or pending corporate developments to account for the
unusual trading activity in the common stock.
    Speedway Motorsports is a leading promoter and marketer of motorsports
entertainment in the United States.  SMI owns and operates the following
premiere facilities: Atlanta Motor Speedway, Bristol Motor Speedway, Lowe's
Motor Speedway at Charlotte, Las Vegas Motor Speedway, Sears Point Raceway,
and Texas Motor Speedway. SMI also provides event food, beverage, and souvenir
merchandising services through its Finish Line Events subsidiary, and
manufactures and distributes smaller-scale, modified racing cars through its
600 Racing subsidiary.