Action Performance to Broadcast Review of Fiscal First Quarter 2005 Financial Results

PHOENIX--Feb. 7, 2005--Action Performance Companies, Inc. will host its annual meeting of shareholders on February 8, 2005 at 11:00 AM (EST). Interested investors and other parties may listen to the simultaneous webcast of the annual meeting by logging onto the Company's website at http://www.action-performance.com.

During the meeting it is possible that the Company may make public disclosure of material nonpublic information as well as forward-looking statements regarding the Company's business, operations and financial condition.

About Action Performance

Action Performance Companies, Inc. is the leader in the design, promotion, marketing and distribution of licensed motorsports merchandise. The Company's products include a broad range of motorsports-related die-cast replica collectibles, apparel, souvenirs and other memorabilia. Action Performance markets and distributes products through a variety of channels including the Action Racing Collectables network of wholesale distributors, the Racing Collectables Club of America, QVC, goracing.com, trackside at racing events, direct corporate promotions, mass retail and department stores, specialty dealers. Additional information about Action Performance can be found at http://www.action-performance.com.