PETERSEN MOTORSPORTS/WHITE LIGHTNING RACING ADDS DEVELOPMENT TEAM AND XTRAJET TO PROGRAM

PETERSEN MOTORSPORTS/WHITE LIGHTNING RACING ADDS DEVELOPMENT TEAM AND
XTRAJET TO PROGRAM

SONOMA, Calif., July 25, 2003 – 24 Hours of Le Mans GT Class winner Petersen
Motorsports/White Lightning Racing is proud to announce the addition of
executive air charter service XtraJet (www.XtraJet.com) as a corporate
partner for the 2003 and 2004 American Le Mans Series (ALMS) seasons. In
conjunction with the announcement of XtraJet, Petersen/White Lightning will
debut a test and development team effective immediately. The new team will
undertake an extensive testing schedule throughout the current ALMS season
to generate set-up data and develop chassis and engine components as well as
new driver talent. The purchase of a new Porsche 911 GT3 RS for the team’s
premiere in the 24 Hours of Le Mans made the previous entry, which finished
second in the 2003 season-opening 12 Hours of Sebring, available for this
opportunity. The team will continue to field the Michael Petersen-owned #31
Westward Ho Casino/ MMPIE/ PAWS/ XtraJet/ Justice Brothers/ Michelin Porsche
911 GT3 RS in select ALMS events with drivers Johnny Mowlem (Warfield,
England) and Craig Stanton (Long Beach, Calif.) as planned.

“I’m excited to welcome XtraJet on as a corporate partner to join with
Westward Ho Casino, MMPIE, PAWS and Justice Brothers. They are a great fit
for our organization. This also gives us the opportunity to add a
development program to the Petersen/White Lightning effort,” commented team
manager Dale White. “This will have an immediate impact on our program and
will be a tremendous help to the team in the way of resources and
information. We are proud to have XtraJet as our partner and look forward to
the immediate benefits of the test team.”

“As one of the nation’s premier jet charter services XtraJet is thrilled to
be in partnership with one of the world’s leading racing teams,” offered
XtraJet president, Mark Bethea. “We are looking forward to having a lot of
fun and winning a lot of races.”

XtraJet is a full service corporate jet charter service based in Santa
Monica, Calif. The air charter has eight jets ranging in size from a five
passenger Learjet to a 12 person Gulfstream II/SP. XtraJet offers complete
intercontinental flight services and is the sole owner of its aircraft. The
six-year-old company offers online quoting and 24 hour personalized customer
service.

Petersen Motorsports/ White Lightning Racing began operation in the late
1980s competing in off-road endurance events. The duo of White and Petersen
joined to win over 50 off-road truck victories including three-consecutive
overall wins at the Baja 1000 and Baja 500 and four SCORE, SNORE and SODA
championships. Since introducing the team to sports car racing, the effort
has scored victories in the Trans-Am Series, Speed Challenge Series and
endurance sports car wins at the 24 Hours of Le Mans, Watkins Glen and at
the Rolex 24 of Daytona.

For more about Petersen Motorsports/ White Lightning, please visit
www.PetersenMotorsports.com. To learn more about XtraJet or get an online
quote for your flight needs, please visit www.XtraJet.com.

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Digital images and complete team and driver bios available upon request.
Editors, please do not publish any contact information other than web sites.
Thank you.

contact:
Tom Moore, Petersen Motorsports/White Lightning Racing, 404-229-3703 (cell),
770-466-5442 (office), tom@darkhorsecom.com