HAWKEYE DOWNS CONTINUES ASA MEMBER TRACK PROGRAM

PENDLETON,  Ind.  (December  16,  2003)  -  Iowa's  only  paved  racetrack,  Hawkeye
Downs Speedway in Cedar Rapids, will continue a successful relationship with the ASA
Member Track program for the 2004 season. This marks the third consecutive season
the .50-mile oval has been involved with the growing weekly racing program.

"Our  racers  appreciate  the  contribution  ASA  makes  to  our  points  fund,"  said  Jim
Amstutz,  general  manager  and  race  director  for  Hawkeye  Downs  Speedway.  "With
some  of  the  plans  of  the  Member  Track  program,  we  are  excited  about  the  future
working with the entire staff of ASA Racing."

Hawkeye  Downs  Speedway  will  also  host  the  ASA  Late  Model  Series  on  Saturday,
September   4,   signing   a   five-year   agreement   to   host   this   division   on   Labor   Day
Weekend.

"We are trying to get our Late Model rules in line with the ASA Late Model Series rules.
Next  season  we  are  going  to  make  several  key  rule  changes  and  by  2005,  our  Late
Model rules will be nearly identical," said Amstutz. "Next season, we plan to make the
crate engines an option and the following season they'll be mandatory.

"With   the   ASA   Late   Model   Series   competing   at   Hawkeye   Downs   Speedway   in
September, our drivers, if they have the crate engines, will be able to compete. It will be
the touring stars versus the local favorites. That was something that didn't exist with the
ASA National Tour. We have enjoyed our relationship with ASA over the past 10 years,
and  hope  to  continue  that  relationship  with  the  ASA  Late  Model  Series  and  Member
Track program," said Amstutz.

The  former  Frontier  Park  and  Cedar  Rapids  Speedway  has  been  an  Iowa  racing
tradition since 1925. In 1989, the old .50-mile dirt track was revamped into Iowa's first
paved half-mile oval with a .25-mile oval within the larger track. The nationally touring
ASA Racing Series has an impressive history at Hawkeye Downs Speedway totaling 17
appearances since July 4, 1994. The newly acquired ASA Late Model Series will make
its debut at Hawkeye Downs in September of 2004.

The ASA  Member  Track  program  is  designed  for  weekly  short  track  venues  to  make
available many of the policies, principles, procedures and components that have made
the American Speed Association a premier short track sanctioning body for 36 years.

Participating   tracks   receive   contributions   to   their   year-end   points   fund,   marketing
opportunities, and join a small, select group of elite tracks displaying the ASA Member
Track logo.