Grand Prix Sports Inc., Through Coca-Cola Nordic Racing, Wins Its First FIA Formula 3000 Race in Brazil

    IRVINE, Calif.--April 5, 2001--Grand Prix Sports Inc. (OTCBB:GPRX) announced that Coca-Cola Nordic Racing's driver, Justin Wilson, has won the inaugural race of the 2001 International FIA Formula 3000 Championship after a dramatic race at the Interlagos circuit, securing Coca-Cola its first race win on the debut of its first full season in Formula 3000.
    Starting from seventh position on the grid, Wilson became the first British driver to achieve a race win in Formula 3000 in nearly five years.
    With the front-runners having trouble, Wilson seized the opportunity and took the win in Round 1 of the Formula 3000 International Championship at Sao Paulo, Brazil. After crossing the finish line with a 3.8 second lead over Mark Webber, Wilson pulled over to the pit wall and continued to the parc ferme. Team Manager Chris Mower added, "This was a dream start for the season both for Justin and Coca-Cola Nordic Racing. We came to Brazil with a set aim and that was to win."
    It was Wilson's first victory since he won the European Formula Palmer Audi Championship in 1998. The other Coca-Cola Nordic Racing car, driven by Tomas Enge, was also very competitive, running second for much of the race, eventually finishing 12th. Twenty cars of the 26 starters finished the race, with all but two still on the lead lap.
    The next Formula 1 and Formula 3000 race events will be held on April 14 and 15 in Imola, Italy.
    For more information including qualifying and race results, visit www.nordicracing.com.

    The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of Grand Prix Sports Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.