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Stevenson To Campaign GT Car in 2004

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Press Release

Grand American Road Racing Association
1801 W. International Speedway Blvd
Daytona Beach, FL  32114
(386) 947-6681 (phone)
(386) 947-6695 (fax)                                                     www.grandamerican.com


 Stevenson Motorsports to field a GT entry for 2004


JACKSONVILLE,  N.C.  (December  1,  2003)  -  John  Stevenson,  owner  of  Stevenson  Motorsports,
announced today that he intends to campaign a Porsche GT3 R prepared by Auto Assets in the Grand
American Rolex Sports Car Series for the entire 2004 season.

"This  is  really  an extension of what we started in 2003, and I am looking forward to 2004," remarked
Stevenson. Last year I got a good feel of what this level of racing is all about in the three races we ran.

Chip  Vance  will  serve  as  one  of  the  drivers,  sharing  the  driving  duties  with  Stevenson.  Vance  and
Stevenson  teamed  up  in  2003  to  lead  the  class  at  Watkins  Glen  and  finish  second  in  the  Bully  Hill
Vineyards 250. They ran as high as second at VIR and Daytona but had mechanical problems at both
venues. Vance finished the Rolex Series in sixth place in the GT driver standings.

Stevenson   is   the   owner   of   automobile   dealerships   in   the   Jacksonville,   N.C.,   area   and   became
acquainted with Auto Assets through his vintage racing efforts. Vance operates Auto Assets, which is
based in Powell, Ohio, and is in the business of providing race car preparation and trackside support.
Auto Assets also operates a successful European auto service center and accessories store.

"Auto  Assets  will  maintain  my  car  and  will  provide  the  trackside  assistance necessary for the 12-race
Rolex Series next year," Stevenson added. "They have provided this type of service for my cars and for
several other people in the past years and have done an extremely good job with the preparation and
race strategy. I am excited about the prospects for next year."

 "This is really a great opportunity. I started professional racing at Sebring two years ago in a Porsche
GT3 R and have enjoyed good success in the cars," noted Vance. I feel comfortable in this type of car, 
and I am excited about the opportunity that John has provided me. We can draw on our experiences
from the racing that we have done at the Vintage level and apply it to this level of racing. We have won
championships in production-based cars and exotic prototypes. We are looking forward to continuing the
winning tradition."

Information  on  Auto  Assets  is  available  online  at  www.autoassets.com.  For  information  on  Stevenson
Automotive, visit www.stevensonauto.com.

The Grand American Rolex Sports Car Series will kick off its 2004 season with the 42nd anniversary of
the  Rolex  24  At  Daytona,  January  29-February  1.  Tickets  are  currently  on  sale  for  the  event  can  be
purchased  online  at  www.daytonainternationalspeedway.com  or  by  calling  386-253-RACE.  Information
on the Rolex Series is online at www.grandamerican.com.

                                                       -30-

For more information contact Grand American Road Racing Association
Christie Hyde (386) 681-4182; CHyde@grandamerican.com


Press Release

Grand American Road Racing Association
1801 W. International Speedway Blvd
Daytona Beach, FL  32114
(386) 947-6681 (phone)
(386) 947-6695 (fax)                                                     www.grandamerican.com


                 Michael Shank Racing to Field

       Toyota Doran JE-4 Daytona Prototype


REYNOLDSBURG, OHIO (December 1, 2003) -- Michael Shank Racing (MSR) announced today that it
will field a Toyota-powered Doran JE-4 in the Daytona Prototypes division of the Grand American Rolex
Sports  Car  Series  in  2004.  The  team  is  slated  to  begin  its  winter  testing  program  Dec.  19-20  at
Homestead-Miami Speedway in preparation for the season-opening Rolex 24 At Daytona, Jan. 29 - Feb.
1, at Daytona International Speedway.

"We're extremely pleased to be able to make this announcement," stated MSR owner Michael Shank.
"After  seven  years  of  competing  for  championships  and  winning  our  share  of  races  and  poles  in  the
CART Toyota Atlantic Championship, we started looking for a racing series that made more sense for us,
both competitively and financially.

"And once we researched all the options available, we came to the conclusion that the Grand American
Rolex Sports Car Series was where we wanted to be. We really believe in the Series' leadership and the
concepts that they have established, and we think they are well on their way to taking sports car racing to
a new level here in North America."

"And what really excites us about competing in the Rolex Series is that we've been able to put together a
chassis and engine combination that we're confident will allow us to challenge for poles and wins starting
with our very first race at Daytona," Shank continued. We feel that the Daytona Prototype Doran JE-4 
chassis built by Kevin Doran and his 2003 championship-winning organization will provide the best aero
and mechanical package available, and we know from our experience with Toyota in the Atlantic series
that  they  will  do  whatever  it  takes  to  be  the  premier  manufacturer  in  the  category  while  offering
unparalleled support."

MSR is currently in talks with several drivers about contesting the Rolex 24 At Daytona, as well as the full
12-race  2004  Rolex  Series  schedule.  Interested  parties  can  contact  Michael  Shank  at  the  team's
headquarters in Reynoldsburg, Ohio, by calling (740) 964-9998, or via e-mail at MShank007@aol.com.

"Michael Shank Racing is another welcome addition to the Grand American Rolex Sports Car Series,"
said  Jim  France,  chief  executive  officer  of  the  International  Speedway  Corporation.  "Mike  Shank  was
voted car owner of the year twice in the Toyota Atlantic Series, and his record for finding young driving
talent -- including Sam Hornish and Kenny Wilden -- speaks for itself. MSR will be a great addition to the
competitiveness of the Rolex Series, joining a stellar group of teams to create a tremendous show for the
fans. This is shaping up as one of the most exciting road racing seasons in years, and I can't wait for it to
open with the 42nd anniversary of the Rolex 24 At Daytona."



                                                     -more-


"We're thrilled to be a partner with another proven team like Michael Shank Racing, a team that we've
been associated with for a number of years through our relationship in the Toyota Atlantic Series," stated
Les  Unger,  Toyota  national  motorsports  manager.  "Mike  Shank  has  helped  develop  some  top-flight
young  racing  talent  in  the  past  few  years,  and  we're  confident  that  he'll  continue  to  enjoy that type of
success in Grand American Rolex Sports Car competition."

"It's great to see a professional racing team coming to sports car endurance racing from the open-wheel
ranks,"  said  Grand  American  President  Roger  Edmondson.  "Primarily,  most  of  our  growth  has  come
within the sports car ranks, and hopefully this is the start of a new trend. Mike and his team have a very
impressive resume, and they are a very welcome addition to our series."

"We are very proud to have such a strong team join the Rolex Series with the Toyota Doran Designs JE-
4  Daytona  Prototype,"  stated  Kevin  Doran,  founder  and  president  of  Doran  Designs.  "I  believe  Mike
Shank Racing will prove to be a leader in this sport in a very short time. With the present momentum in
this series, and teams like Mike Shank Racing coming on board, the future has never looked better for
sports car racing. I am looking forward to a winning relationship with the MSR team."

Michael Shank Racing competed full-time in the CART Toyota Atlantic Championship between 1996 and
2002. During that time it posted 38 top-five finishes, which included four wins by drivers Kenny Wilden
(2),  Sam  Hornish  Jr.  (1)  and  Martin  Basso  (1).  MSR's  Toyota  Atlantic  record  also  includes  five  pole
positions  and  a  second-place  finish  in  the  1999  championship  standings. Hornish, the 2001 and 2002
Indy Racing League driving champion, won the Toyota Atlantic Rookie of the Year Award while driving
for MSR in 1999. Michael Shank was named the Toyota Atlantic Team Owner of the Year in 1999 and
2002.

                                                       -30-

For more information contact: Michael Shank Racing, Tel: (740) 964-9998, Fax: (740) 964-9799, E-mail:
MShank007@aol.com, Website: michaelshankracing.com