STATEMENT BY NASCAR CHAIRMAN AND CEO BRIAN FRANCE REGARDING NEXTEL

DAYTONA BEACH, Fla. (Dec. 15, 2004) - “NASCAR is excited about the merger opportunity for its friends at Nextel. Nextel’s leadership has built an outstanding company and successfully served its millions of customers. “Once the merger is completed, the company will have greater resources in technology, services, and the ability to reach its customers. All of this will benefit the NASCAR relationship and will provide NASCAR the opportunity to reach new fans nationwide. “NASCAR’s premier national series will continue to be known as the NASCAR NEXTEL Cup Series in 2005 and will build on the outstanding success of the 2004 season. NASCAR’s 10 year agreement remains in place and all of NASCAR is looking forward to great success in the years to come.”