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ISM Racing to Add Second Team

24 September 1999

Event to Announce Multi-Year, Multi-Million Dollar Sponsor for ISM Racing

    INDIANAPOLIS -- On August 2, ISM Racing announced the intention to expand 
its present racing operations from a one-car team to a two-car effort in the 
Pep Boys Indy Racing League (IRL) for the year 2000.

    ISM Marketing Corp.'s sales team today announced those negotiations have
now been finalized. New three-year agreements have been reached with name and
title sponsors for both cars. Associate sponsors are currently negotiating
with the marketing company for alliances with the title sponsors.

    On Wednesday, October 20, 1999, ISM will host a major media event to
announce the entire sponsor package, the driver lineup, and unveil the color
schemes for the multi-car team. Also unveiled will be the new agreements with
Chassis Manufacturer and Tire Manufacturer.

    Expected to attend are ESPN, ESPN2, ABC, NBC, FOX, and CBS affiliates.
Invitations are being sent and are to be limited to 150 people comprising the
media from Wall Street and Motorsports, affiliates of the title sponsors, and
associate sponsors and their guests.

    "It was critical for us to have a multi-car effort to compete at this
level," said ISM Chairman L.G. Hancher Jr. "I appreciate the efforts of ISM
Marketing company in delivering these great partners.  These major corporate
alliances will greatly enhance ISM's bottom line and shareholder value. We
will be announcing the companies and the drivers over the next few weeks, and
look forward to the unveiling. It will be an event!"