NATIONAL GRAND PRIX OF WASHINGTON D.C. CANCELLED

CONTACT: Justin Anderson
(704) 348-9400
Cell: (517) 927-3614
Fax: (704) 348-9444

FOR IMMEDIATE RELEASE

March 7, 2003




NATIONAL GRAND PRIX OF WASHINGTON D.C. CANCELLED




LANSING, Mich. ‹ The National Grand Prix of Washington D.C., scheduled for
the weekend of June 28-29, has been cancelled. The Trans-Am Series for the
BFGoodrich Tires Cup was set to participate in the event, along with the
headlining American Le Mans Series.

The Trans-Am Series took part in the inaugural event in 2002, held at RFK
Stadium, with Butch Leitzinger earning a hard-fought victory in his
Chevrolet Corvette. He went on to win Rookie of the Year honors and finished
second in the Drivers¹ Championship behind Boris Said.

In wire service reports, Bobby Goldwater, the chairman of the D.C. Sports
and Entertainment Commission, said the event's promoter, National Grand Prix
Holdings, failed to meet its obligations to the ALMS and the Commission.

³We are certainly disappointed with the news of the cancellation,² said John
Clagett, executive director of the Trans-Am Series. ³The temporary circuit
at RFK made for a wonderful venue in a tremendous market. Our competitors,
our sponsors, suppliers, manufacturers and our fans were very much looking
forward to this year¹s race. We¹re certainly hopeful the event returns in
2004.

³We¹re assessing our options with respect to adding another race date, as is
the American Le Mans Series,² Clagett added. ³We¹ll do everything in our
power to ensure our best interests are met.²

The race weekend was "a victim of operational problems on behalf of the
event organizer," said ALMS President Scott Atherton. "Having worked closely
with the D.C. Sports and Entertainment Commission for the past several
months, I can honestly say that there is an unwavering commitment by all
involved to retain this event and we will do everything in our collective
power to see that this race returns to our schedule in the near future."

Atherton went on to say that legal considerations surrounding the
Washington, D.C. event prevented him from providing further details.




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