CHIP GANASSI COMMENTS ON SORENSON AND TEAM PARTING WAYS

CONCORD, N.C. August 26, 2008 – Chip Ganassi, Team Owner of Chip Ganassi Racing with Felix Sabates: “After much internal discussion over the last few months we agreed that parting ways with Reed was the right decision for all of us. The business side of sports is never easy and this was just a business decision that was made on both our parts. We wish Reed nothing but the best.”