PECORARI JOINS ANDERSEN WALKO RACING

FOR IMMEDIATE RELEASE

PECORARI JOINS ANDERSEN WALKO RACING

FAIRFIELD, N.J. (May 23, 2002) – Andersen Walko Racing today announced that
Adam Pecorari has joined its Formula Ford 2000 Zetec Championship team.

Pecorari, of Aston, Pa., joins the front-running team, having previously
contested the opening two rounds of the Zetec Championship with another
team. Driving the No. 28 SAI Hydraulics/Lucky Design/Arai/Biesse Karts
Andersen Walko Racing Van Diemen Ford, Pecorari will partner fellow rookies
Andrew and Doug Prendeville for the remainder of the 2003 season.

Prior to entering the Zetec Championship, Pecorari raced karts for over 10
years. Competing both nationally and internationally, Pecorari won numerous
races and championships, including two IKF Grand National championships.
Last year, he was selected as a finalist for both the 2002 Skip Barber
Scholarship and the WKA/SCCA Pro Racing Primus Racing Driver Scholarship.

Created in December of 2001 by the merger of Andersen/Kish Racing and John
Walko Racing, Andersen Walko Racing is a team with a rich history of
success. Based in Pittsburgh, Pa., Andersen Walko Racing has won the
prestigious SCCA Valvoline Runoffs National Championship three times, once
in the Formula Ford class and twice in the Formula Continental class. In
addition, the team has captured three wins, two pole positions and 15 podium
finishes in Zetec Championship competition.

"I am really looking forward to racing with Andersen Walko Racing," said
Pecorari. "The team is a first class outfit and I know having two teammates
as fast as Andrew and Doug, will push me to become a better driver."

The Formula Ford 2000 Zetec Championship resumes May 24-26, with Rounds
Three and Four of the 2003 season at Lime Rock Park, in Lakeville, Conn.

For additional information on Andersen Walko Racing please visit the team
website www.andersenwalko.com, or contact Dan Andersen, (973) 244-1900. For
information on Adam Pecorari, please visit www.adampecorari.com.

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Allan Craighead
Formula Ford 2000 Zetec Championship
303-883-8521 Cell
www.usf2000.com