Automotive Performance Group Retains the Wall Street Group
18 September 1998
Automotive Performance Group Retains the Wall Street Group as Financial Public Relations Firm
TEMPE, Ariz.--Sept. 18, 1998--AUTOMOTIVE PERFORMANCE GROUP (APG), INC. (OTC BB: RACG), a full-service owner and operator of high performance automotive businesses and brands, announced today that it has engaged The Wall Street Group, Inc. to provide financial public relations services for the Company.
Under the agreement, The Wall Street Group will afford strategic counsel to APG, and provide informative and timely communication with the investment community.
"As Automotive Performance Group moves forward as a company, we recognize the need to keep our shareholders informed and to develop additional support from institutions and individuals," said Andrew Evans, President and Chief Executive Officer of APG. "After extensive discussions and much consideration, we are pleased to have selected The Wall Street Group to help APG achieve these goals. We are confident that The Wall Street Group's exceptional reputation and track record will enable APG to maximize value for our shareholders as we continue to grow."
Founded 39 years ago, The Wall Street Group, Inc. is the nation's oldest firm specializing in the development of investment community sponsorship for the shares of growth companies.
APG operates a variety of high performance automotive businesses including Royal Purple Motor Oil, which produces synthetic oil products favored by many racing teams and manufacturers; and Klein Engines and Competition Components, Inc., a leading manufacturer of high performance engines. In addition, APG owns Team Scandia, which last year became the second team in history and the first in a quarter century to record victories in three major North American racing series in the same year. Team Scandia won the Exxon Superflo 12 Hours of Sebring (Sport Car road racing), the Mopar Parts Nationals at Englishtown, N.J. (NHRA Top Fuel drag racing), and the Las Vegas 500K (IRL Indy car racing) in 1997. APG owns 50 percent of Scandia Bodine Racing, a competitor on the prestigious NASCAR Winston Cup stock car racing circuit. APG also has marketing and personal services agreements with its contracted drivers Jimmy Kite, Cristen Powell and Brett Bodine.
Except for historical matters contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties which may affect Automotive Performance Group, Inc.'s business and prospects and cause actual results to differ materially from these forward-looking statements.