Picchio announces New Version "P2" Daytona Prototype

Houston, TX- Picchio SpA announced today that the Picchio P2 will debut as a 2003 model to contest the Grand American Road Racing 's new Daytona Prototype division of the Rolex Sports Car Series. The car will be imported through Momentum Motorcars, the world's largest BMW and Jaguar dealer in Houston, TX and produced in a joint venture between Picchio SpA and G&W Motorsports, the East Coast distributor for Momentum Motorcars. "With the support of Riccardo Weitz (owner of Momentum Motorcars) and Gary Schulze, our GM, I was able to bring to the USA a new manufacturer. We at Momentum feel that our association with a team like G&W will bring us a most desired championship. "- Momentum representative/driver Armando Trentini.

The new chassis will rely heavily on the development work currently being done on the Picchio/Momentum Motorcars SRPII car currently in 2nd place in the standings with sponsorship from United States Insurance Corp (USI) and the Valley Group. "It has always been a dream of mine to be closely associated with a manufacturer that has a legitimate shot at a high level championship, the new Daytona Prototype and our involvement with Picchio will allow G&W Motorsports to be able to accomplish that dream."-G&W Motorsports team owner Cole Scrogham.

The P2 will be powered by a 5.0 BMW V8 engine and bears a striking family resemblance to the beautiful and unique SRPII car. The first 2 cars are being planned for October delivery, giving the team an opportunity to properly test the cars before the debut at Daytona in January, 2003. "I am really looking forward to this project. After only 2 races so far this year I have seen a lot of progress and a lot of potential in the Picchio. This is a personal goal of mine to be driving in the top prototype class, and I have the utmost confidence in the G&W Motorsports team that we will be a front running contender next year." - development and lead driver Darren Law.

Orders are being accepted for the Picchio on an ongoing basis for both the SRPII and P2 cars.

Contact Information: Momentum Motorcars-Armando Trentini 713-596-3487
G&W Motorsports-Cole Scrogham 434-822-8180