ZETEC CHAMPIONSHIP MOURNS TRAGIC LOSS

FOR IMMEDIATE RELEASE

ZETEC CHAMPIONSHIP MOURNS TRAGIC LOSS

FAIRFIELD, N.J. (December 17, 2002)—The Formula Ford 2000 Zetec Championship
is greatly saddened to announce the death of Doreen Morgan.

Mrs. Morgan passed away Monday afternoon in Savannah, Georgia, following a
severe traffic accident.

As the wife of Richard Morgan, owner of Richard Morgan Racing, Mrs. Morgan
had been involved with the Zetec Championship since it's inception in 1992.
The North Carolina based team has run numerous drivers in the series over
the years and captured its only championship in 2001, with Jason LaPoint.

"We are deeply saddened to learn of Doreen's passing," said Jon Baytos,
owner of the Zetec Championship. "She was not just another team member, but
part of the Zetec Championship family and will be greatly missed. Our
deepest condolences go out to Richard, Stuart and Leslie."

Funeral service information will be made available shortly.

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Allan Craighead
(on behalf of the Formula Ford 2000 Zetec Championship)
303-883-8521 Cell
alcraighead@earthlink.net