NBC and CBS to Feature Live Coverage Of the National Grand Prix of Washington D.C.

WASHINGTON, Jan. 22 -- The D.C. Sports & Entertainment Commission and National Grand Prix Holdings announced today that both NBC and CBS networks will air live coverage of the National Grand Prix in Washington, D.C. The National Grand Prix will be the only Grand Prix in the United States with live racing coverage on two major networks.

This news comes after the Trans-Am Series announced last week that its July 20, 2002 race will be broadcast live on CBS. NBC had already announced its intentions to broadcast the American Le Mans Series race on July 21, 2002. The Trans-Am Series race is scheduled for a 2:30 p.m. start, with a 90-minute broadcast on CBS, the only live network broadcast during the Trans-Am season. The American Le Mans Series event is slated for a 12:00 p.m. start, with a two-hour broadcast on NBC beginning at 1:00 p.m.

``These live broadcasts will not only provide positive visibility for Washington, D.C., but will also significantly increase awareness of the National Grand Prix,'' said Chris Lencheski, founder and chairman of the board, National Grand Prix Holdings. ``We are very excited to have this level of support from the networks in our first year of racing in our nation's capital.''

``One of the great benefits of bringing an event of this magnitude to the nation's capital is the visibility it creates, in large part through television coverage,'' said Bobby Goldwater, president, D.C. Sports & Entertainment Commission. ``We are delighted that these two networks which are known for outstanding auto racing production will be here.''

The National Grand Prix, which is coming to the grounds of RFK Stadium July 19-21, will feature races of three sanctioning bodies; American Le Mans (ALMS), Trans-Am and World Challenge GT. It will be the first major autoracing event in the D.C. metropolitan area in more than 80 years. The ALMS race will be televised live on NBC and CBS will air the Trans-Am race. The corresponding three-day festival will feature a concert, car shows and a celebrity match race among other events.

To be placed on a patron priority list for tickets call 888.456.8448, or visit our web site at www.NationalGrandPrix.com. Tickets will go on sale in early February.

D.C. SPORTS AND ENTERTAINMENT COMMISSION

The D.C. Sports & Entertainment Commission, an independent agency of the District of Columbia government, is responsible for the management and operation of RFK Stadium, the D.C. Armory and its adjacent facilities and for presenting and promoting sports, entertainment and special events in the District.

NATIONAL GRAND PRIX HOLDINGS

National Grand Prix Holdings, LLC, a Delaware limited liability company was founded in 1999 by Christopher Lencheski to develop and execute the National Grand Prix of Washington, D.C. -- A three day Motorsports event festival featuring an internationally sanctioned racing event in the District of Columbia.

THE AMERICAN LE MANS SERIES

The American Le Mans Series (ALMS) was founded by entrepreneur Don Panoz in 1999 and is based on the famed 24 Hours of Le Mans; the world's most famous endurance race. Many of the cars, drivers and manufacturers that compete in the 24 Hours of Le Mans also take part in ALMS. Participating manufacturers include Audi, BMW, Cadillac, Corvette, Dodge, Panoz, Porsche, Saleen and Volkswagen.