CART Release of Fourth-Quarter 2000 Earnings Results Rescheduled

Posted By Terry Callahan
Motorsports Editor, The Auto Channel

DETROIT- Championship Auto Racing Teams, Inc. announced today that it has rescheduled the release of its fourth-quarter and year-end financial results from Tuesday, February 20, 2001 to Friday, February 23, 2001.

The Company is rescheduling as a result of attempts to conclude negotiations relative to the canceled race in Rio de Janeiro, Brazil and to resolve issues related to its agreement with sales agent ISL Marketing AG.

CART's earnings release will be distributed following the close of the market on Friday. A conference call, featuring Joseph F. Heitzler, CART President/CEO; Thomas Carter, CFO; and Investor Relations Manager Rachelle Fergan, will take place Friday at 5:30 p.m. ET.

Those interested in participating in the conference call should dial 1-888-790-1641 from both the United States and Canada. International participants should call 712-257-3876. The password for the call is "Championship" and the leader is Thomas Carter. Callers are asked to dial in approximately five minutes prior to the starting time.

Championship Auto Racing Teams, Inc. owns, operates and markets the FedEx Championship Series. All FedEx Series races are broadcast domestically on ABC and ESPN television and CART's worldwide television coverage encompasses more than 200 countries and 1 billion viewers annually. Series champions Gil de Ferran, Jimmy Vasser, Michael Andretti and Alex Zanardi are among the drivers who battle for the FedEx Championship Series title on oval circuits as well as temporary and permanent road courses. CART also owns and operates its top two development series, the Dayton Indy Lights Championship and the Toyota Atlantic Championship. Learn more about CART's open-wheel racing series at www.cart.com.

Text Provided By Rachelle Fergan

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