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Wilkings Steps Down as VP/COO of Irwindale Speedway

19 September 1999

Wilkings Will Relocate to Georgia to Become Executive VP of Rebco Racing Enterprises

 
    IRWINDALE, Calif. -- It was announced today that, effective October 1, 1999 
Ray Wilkings will step down as Irwindale Speedway's Vice President/Chief 
Operating Officer.  He leaves to take the position of Executive Vice President 
of Rebco Racing Enterprises, one of the nation's leading suppliers of specialized 
racing equipment.  Irwindale's Director of Operations Robert DeFazio has been 
named Speedway General Manager.

    Wilkings, who has been an investor/partner in Rebco Racing Enterprises for
a number of years, made the decision to join the Atlanta area company when the
untimely death of Mark Woods left the company's management team low on expert
supervision.  "They called and said that they really needed me," said
Wilkings.  "This is going to be a tremendous challenge for me personally and
for my whole family, but it's one that we have decided to take."  Rebco is
located in Cumming, Georgia just north of Atlanta.

    DeFazio's first official act as GM was to designate October 2ND as "Ray
Wilkings Night at Irwindale Speedway".  "We want to give all the fans, track
employees, and competitors a chance to say goodbye to Ray and (his wife)
Darlene, they mean a great deal to a lot of people here at Irwindale," he
explained.

    Associated with the project since January of 1998, DeFazio came onboard as
the project's Construction Manager, when the construction was completed in
February of 1999,  he stayed on to become the track's day-to-day Operations
Manager.  "I'm looking at trying to fill one giant pair of shoes,"  he said.
"Ray Wilkings is a true legend among short track promoters .  His influence on
this track and on the national racing scene in general, has been a very solid
one."

    Speaking on behalf of the Speedway's Board of Directors, President / CEO
Jim Williams praised Wilkings and his many contributions to the Irwindale
Speedway project.  "For all intents and purposes Ray Wilkings has been
Irwindale Speedway.  His work ethic, his leadership, and his dedication to
this facility have been something that is admired not only here but
nationwide.  We are much indebted to this man and wish him all the best in his
new position at Rebco."

    Wilkings, who is credited with being one of the original creators of the
Irwindale Speedway concept is, and will remain, a member of the Limited
Liability Corporation which owns the Speedway.  "It will be impossible for me
to not be vitally interested in Irwindale, it'll always be an important part
of my life."  Wilkings will be "on call" as a consultant ("...As close as the
telephone, anytime") to ensure the track's continuing success.

    "This has been a very difficult decision for me, I'm very proud of what we
accomplished at Irwindale, I'll miss this place very much," Wilkings added.