Automotive Performance Group, Inc. Names Tammy Marie Powers

24 September 1998

Automotive Performance Group, Inc. Names Tammy Marie Powers Chief Financial Officer

    TEMPE, Ariz.--Sept. 24, 1998--AUTOMOTIVE PERFORMANCE GROUP, INC. (OTC BB:RACG), a full service owner and operator of high performance automotive businesses and brands, announced today that it has appointed Ms. Tammy Marie Powers as Chief Financial Officer.
    Commenting on the appointment, Andrew L. Evans, President and CEO, said, "Ms. Powers' background in the public company arena is well suited to the needs of APG. She is filling an important post at the Company as we continue our growth strategy."
    Prior to joining APG, Ms. Powers was Chief Financial Officer and Corporate Secretary for Unitech Industries, Inc., a public company which designs, manufactures and distributes portable power supplies, where her responsibilities included all SEC reporting requirements, handling of investment banking relationships and investor relations activities.
    Before that, Ms. Powers spent five years with Deloitte & Touche, LLP, as Audit Manager handling a wide variety of public clients regarding SEC compliance reporting requirements.
    Said Ms. Powers: "I am very excited about joining the APG team and I am looking forward to the challenge of contributing to its growth and success."
    Ms. Powers, a Certified Public Accountant, received a Bachelor of Science in Accounting, Magna Cum Laude from The University of Arizona, Tucson.
    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.