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Jim Liberatore Joins RacingJunk.com as Chairman of the Board

Former PEE President Adds His Vision to Popular Performance Website

NORTH ADAMS, Mass., Dec. 6 -- Massachusetts-based RacingJunk.com, the No. 1 website destination for performance and racing enthusiasts, has named former SPEED channel president Jim Liberatore as its new chairman of the board.

Liberatore, who spent four years with SPEED, helped grow the national car and motorcycle lifestyle cable network from 39 million viewers in 2001 to more than 64 million at the beginning of this year. Prior to that, Liberatore served as vice president and general manager of Florida's Sunshine Network. The Florida resident will now be bringing his industry knowledge and entertainment experience to RacingJunk.com's growing high-performance online community.

"I'm very excited about RacingJunk.com and what its future holds," said Liberatore, a native of Cleveland. "When I found out RacingJunk.com has more than one million unique visitor sessions and 35 million page views per month, along with its more than 92,000 registered members, the opportunity was too great to pass up. When you provide an informative, yet entertaining site where people can exchange ideas, share information and educate themselves about their passion -- it becomes a powerful medium with unlimited potential because of the brisk pace of technological advances.

"RacingJunk.com is at the front-end of the broadband revolution," Liberatore continued. "One of my primary objectives is to help RacingJunk.com execute its broadband vision, while continuing to grow its powerful classified site. The way entertainment options have evolved; it's now all about consumer choice and control. People get information where they want it, when they want it and how they want it. Their vision is focused and that's why RacingJunk.com has so much potential. We want to give both members and viewers the best possible exclusive service and entertainment available."

Currently, RacingJunk.com provides the performance racing industry a free online classified service that professionals, fans and enthusiasts use to buy or sell performance-related products, from head gaskets to fully built race cars.

According to Osmin Alvarez, CEO, RacingJunk.com, Liberatore will be critical in bringing additional services and entertainment opportunities to the site.

"We're extremely excited to have Jim on board for a number of reasons," Alvarez said. "His experience and contacts within the industry will be invaluable. He's been very successful within the motorsports arena and at the television network level, so his addition to our team will help us reach the full potential of this site. He will also help us continue to expand upon the features we are offering our users, advertisers and online partners, while providing a driving force behind expansion of our broadband services and entertainment options."

Alvarez outlined a portion of what lies ahead, "We're headed in a variety of directions. We will be adding video ads in December, where members will visually demonstrate the cars or parts they are trying to sell. Also in the near future, RacingJunk.com members will be able to watch their favorite form of racing on their computer screen. With broadband's increasing penetration, we can now do a number of things unthinkable just two years ago.

"There's also going to be a lot more interactivity because we are launching information pages for each individual member," Alvarez continued. "This will allow people to post step-by-step photography, offer detailed building descriptions, ask questions about how to make their race car more competitive or simply show off their muscle cars, motorcycles, show cars or any other performance-related automobile to millions of enthusiasts worldwide."

About RacingJunk.com

RacingJunk.com has grown into the No. 1 website destination for performance and racing enthusiasts with 92,000 members, one million unique visitor sessions and 35 million page views per month. RacingJunk.com is a free online 'one-stop shop' for passionate enthusiasts to buy, sell, entertain or interact with people throughout the high-performance automotive and motorcycle industry. Log onto RacingJunk.com for more information.