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PUERTO RICO GRAND PRIX ANNOUNCES TITLE AND PRESENTING SPONSORS

June 2, 2003


SAN JUAN, Puerto Rico ‹ The Puerto Rico Grand Prix, the 2003 season finale
for the Trans-Am Series for the BFGoodrich® Tires Cup, announced its title
and presenting sponsors Monday, June 2 during a formal presentation at the
race¹s official hotel, the Caribe Hilton. The race¹s title sponsor is the
Puerto Rico Tourism Company, while the Municipality of San Juan has been
inked as presenting sponsor.

Trans-Am Series Executive Director John Clagett was joined at the event by
Puerto Rico Grand Prix Promoter Jorge Diaz, Trans-Am Series drivers Jorge
Diaz, Jr. and Johnny Miller; and circuit designer Martyn C. Thake. Veteran
Trans-Am Series competitor Stu Hayner was also scheduled to appear.

³When we began planning this year¹s schedule, we wanted to make the season
finale a truly special event, and there is no doubt that the Puerto Rico
Grand Prix will fit the bill,² said Clagett. ³The venue will offer fans an
up-close experience with our race cars on an extremely competitive circuit
that is sure to pose unique challenges for our competitors.

³We have a virtually untapped market in the Caribbean, a part of the world
well known for its enthusiastic auto racing fans,² he added. ³I guarantee
those fans will not go home disappointed.²

Diaz, Jr., who currently leads the Trans-Am Series rookie standings and sits
third in the overall Drivers¹ Championship, is looking forward to racing in
his hometown. 
³I think that this is the largest auto event in the history of Puerto Rico,²
said Diaz. ³I think there is going to be a great build up of enthusiasm.
Everyone here follows the sport. They have favorite drivers and know a lot
of auto racing history. There is a lot of enthusiasm about all of the series
and the combination of the Trans-Am Series with SPEED World Challenge is a
good fit.

³Between Puerto Rico and Santo Domingo, we¹ll have ten more Trans-Am Series
entries,² he added. ³We could feasibly have 30 cars, which for the spectator
and the sport will be awesome. We have very good drivers, who for the first
time will get the chance to race with the best the Trans-Am Series has to
offer. It will be a good test for them. No one has an advantage and the race
will really determine who¹s a driver and who¹s not.

³Being in a place where Trans-Am Series hasn¹t been before will be a big
advantage for the sport,² Diaz concluded. ³This event will make history on
our island and will bring people to the track. You couldn¹t be in a better
location. The race is in the middle of the largest population center on the
island. It will be like having a race in the middle of New York City.²

Miller, driver of the No. 64 Eaton Cutler-Hammer Jaguar XKR, earned his
second-career victory in the most recent Trans-Am Series race at Lime Rock
Park, and took the points lead in the process. Miller is looking forward to
the Trans-Am Series¹ first visit to the Caribbean, and hopes for success on
the 1.6-mile temporary airport circuit. Miller¹s first Trans-Am Series
victory came at an inaugural event, interestingly held on a temporary street
circuit, in San Diego, Calif. in 2000.

³I think there¹s a whole crowd of people in Puerto Rico who are really
passionate about Trans-Am Series racing,² said Miller. ³I¹m looking forward
to being in front of those folks. I think it will be a great race because it
looks like a beautiful facility. Plus, the fan base here is really big for
the Trans-Am Series.

³I think it¹s a good thing for the Series to race in the Caribbean,² he
concluded.

Hayner, driver of the No. 2 Trenton Forging/GMAC Commercial Finance
Chevrolet Corvette, recently raced in the Caribbean and looks forward to
returning.

³We¹re really excited and looking forward to the Puerto Rico event,² said
Hayner. ³I recently raced in Santo Domingo and the fans love the Trans-Am
Series. So, I¹m excited about the event, the fan interest down there, and
I¹m very excited about the promoter, because we know the Diaz family will be
fantastic hosts.²

The Trans-Am Series for the BFGoodrich® Tires Cup features closed-fendered,
production-based, V-8-powered sports cars. The Trans-Am Series is America¹s
oldest continuously running sports car racing series and celebrates its 38th
anniversary in 2003.