American Speed Association Acquires USPRO Cup Series

Pendleton, Ind. (September 12, 2003) – The American Speed Association has reached
an  agreement  with  the  Michigan-based  USPRO  Cup  Series  that  allows  for  ASA  to
assume  controlling  interest  of  the  nearly  two-year  old  racing  series.  USPRO  Cup  is  a
Michigan based Super Late Model Series. The agreement will take effect following the
conclusion of the 2003 season.

Formed in 2002 by President Ron Varney and Race Director Chris Throgmartin, USPRO
Cup  took  form  by  racers  input  and  by  designing  rules  centered  on  their  mission
statement.   The   rules   were   molded   from   this   input   with   stability,   reliability;   cost
effectiveness and performance all cornerstones of the development behind USPRO. GM
Racing, Howe Racing Enterprises and Port City Racing were among the racing industry
companies contacted. Their ideas were instrumental in formulating the series.

“We  are  acquiring  the  majority  interest  although  Ron  (Varney)  will  continue  to  be  a
partner  with ASA  and  manage  the  race  operations,”  said  Steve  Dale, ASA  President.
“We will be involved on a daily basis with the growth of the series in a number of ways.
This will serve to support our growing Member Track family as they want to see a top
quality program for their facilities and this offers us the opportunity to do that. I see this
as  a real positive development for the prospective racer and for ASA. It should be an
ideal  place  for  drivers  to  evolve  with  their  skill  level  and  also  be  noticed  by  others  in
higher divisions.”

Plans  call  for  the  USPRO  Cup  to  possibly  be  re-named  using  some  form  of  the ASA
Racing brand. The series is expected to conduct 12 to 15 events and will initially be in
Michigan,  Indiana,  Illinois,  Ohio  and  Wisconsin  for  it’s  first  season  under  the  ASA
banner. The events will see the series operate both as a stand-alone program and as a
companion to the current nationally touring ASA Racing Series.

“I think its great for USPRO to be connected with ASA,” said Ron Varney, an automotive
engineer  and  the third generation of his family to be involved in motorsports. “We will
retain many of the same rules we now have, but certainly the exposure for the series
and the high likelihood of new talented drivers coming in is tremendously exciting.”

Officials  are  planning  for  100-lap  green  flag  races  with  a  preference  to  not  have
competitors changing tires, adding fuel or having to use pit stops during the events. The
cars  will  include  makes  from  three  major  manufacturers  –  General  Motors,  Ford  and
Dodge. They will utilize template bodies and engines from all three.

In its brief history, drivers including Butch Miller, Fred Campbell and Dave Sensiba have
either  tested  or  competed  in  the  USPRO  Cup  series  cars.  Current  ASA  drivers  are
expected  to  join  with  many  of  the  leading  Late  Model  competitors  from  around  the
Midwest.

American    Speed   Association    officials    envision    a    season-ending    showdown    of
competitors  from  racetracks  around  the  country.  The  event  will  feature  a  significant
purse and be televised.

Additional announcements will be forthcoming finalizing rules and schedule for the 2004
season.