Picchio Announces New Version "P2" Daytona Prototype

HOUSTON (March 12, 2002) -- Picchio SpA announced today that the Picchio P2 will debut as a 2003 model to contest the Grand American Road Racing's new Daytona Prototypes division of the Rolex Sports Car Series. The car will be imported through Momentum Motorcars, the world's largest BMW and Jaguar dealer, and will be 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," said Momentum representative and driver Armando Trentini, of Houston.

The new chassis will rely heavily on the development work currently being done on the #07 Momentum Motorcars BMW-powered Picchio currently competing in the Rolex Series SportsRacing Prototype II class. "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 Prototypes and our involvement with Picchio will allow G&W Motorsports to be able to accomplish that dream," G&W Motorsports team owner Cole Scrogham said.

The P2 will be powered by a 5.0 BMW V8 engine and bear a striking family resemblance to the beautiful and unique SRPII car that is currently racing. The first two cars are planned for October delivery, giving the team an opportunity to properly test the them before the debut at Daytona International Speedway in January 2003.

"I am really looking forward to this project. After only two 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," said development and lead driver Darren Law, of Phoenix.

Additional information about the Rolex Sports Car Series and Daytona Prototypes is available online at www.grand-am.com.

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EDITORS NOTE:
Renderings are available on the Grand American media-specific website at www.grand-am.com/media.
Additional information may be requested from:
Grand American Road Racing Association
Christie Hyde (386) 681-4182
email: CHyde@grand-am.com