PACIFIC COAST MOTORSPORTS BECOMES PATRICK RACING DEVELOPMENTAL TEAM

SANTA BARBARA, CALIF. (March 11, 2003) – Pacific Coast Motorsports today
announced it has become the official Developmental Team of Patrick Racing.

As the official Developmental Team, Pacific Coast Motorsports will work with
Patrick Racing throughout the 2003 season to promote and enhance both teams.
The teams will co-ordinate and execute various activities, as well as share
information and resources. In addition, Pacific Coast Motorsports driver
Alex Figge will have access to the knowledge and expertise that Patrick
Racing and driver Oriol Servia bring to every event.

"I am very excited to announce our association with Patrick Racing," said
Tyler Tadevic, Pacific Coast Motorsports Team Director. "Mr. Patrick and the
entire team are leaders in the sport and committed to the development of
young drivers. I am confident this partnership will be very beneficial to
Patrick Racing and Pacific Coast Motorsports."

A founding member of the series in 1978, Patrick Racing is the most
experienced team in the Bridgestone Presents The Champ Car World Series
Powered by Ford. Owned by U.E. “Pat” Patrick, the team has fielded cars for
some of the biggest names in Champ Car racing, with names like Andretti,
Johncock, Fittipaldi, Sullivan, and Fernandez. In addition to the vast
experience of Patrick, the team enjoys the leadership of the winningest
Chief Mechanic/Team Manager/General Manager in the history of Champ Car
racing, in Jim McGee. The team has 45 victories, 27 in CART competition, and
has won two Champ Car national championships. In 2003, Patrick Racing will
field one car in Champ Car with Servia behind the wheel.

Pacific Coast Motorsports is a newly formed team focused on winning the CART
Toyota Atlantic Championship. Based in Santa Barbara, Calif., the team
features a vast amount of Atlantic Championship experience.

The CART Toyota Atlantic Championship is the top rung in CART's "ladder
system". The Atlantic Championship features 250 horsepower open-wheel race
cars capable of 175 mph, racing on a variety courses. The ideal training
ground for the future stars of motorsport, Atlantic Championship alumni
includes Michael Andretti, Patrick Carpentier, Bobby Rahal, Danny Sullivan,
Alex Tagliani, Jimmy Vasser and Jacques Villeneuve. The Atlantic
Championship receives worldwide media coverage and has a prize fund in
excess of one million dollars.

Pacific Coast Motorsports will its 2003 season March 23, at the Tecate
TelMex Grand Prix, in Monterey, Mexico.