Action Performance Companies, Inc. to Announce Fiscal 2002 Third Quarter Results on Monday, July 29, 2002

    PHOENIX--July 22, 2002--Action Performance Companies, Inc. will release financial results for the third quarter ended June 30, 2002, before the opening of the market on Monday, July 29, 2002.
    In conjunction with the announcement, the Company's management will conduct a teleconference to discuss these recent financial results, as well as to provide investors with an update on Action Performance's business outlook and prospects for the remainder of fiscal 2002. Investors can listen to the call live via the Internet at www.action-performance.com or www.companyboardroom.com. The teleconference is scheduled to begin at 8:00 a.m. Pacific Daylight Time (11:00 a.m. EDT) on Monday, July 29, 2002.
    Additionally, the Action Performance website will host an archive of the teleconference for 30 days. A telephone replay of the teleconference will be available also, beginning at 10:00 a.m. PDT on Monday, July 29 through 5:00 p.m. PDT on July 31, 2002. You can access the telephone playback by calling 800-239-4590, or for international callers 402-220-9698.

    About Action Performance:

    Action Performance is the leader in the design, marketing, promotion and distribution of licensed motorsports merchandise. Its products include a broad range of motorsports-related products, including collectible die-cast racecar replicas, die cast for the mass market, apparel, souvenirs, and other memorabilia. The Company markets and distributes products through a variety of sales and distribution channels, including the Racing Collectables Club of America (RCCA), trackside at racing events, mass retail stores, and a worldwide network of wholesale distributors and specialty retailers.