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International Speedway Corporation Announces New Sponsor

17 November 1998

International Speedway Corporation Announces New Sponsor for Winston Cup Race At Watkins Glen


    DAYTONA BEACH, FLORIDA--November 17, 1998--International Speedway Corporation , a leading promoter of motorsports activities, today announced that Frontier Corporation and Frontier Cellular have reached a three-year agreement to sponsor the "Frontier at the Glen" NASCAR Winston Cup Series event at Watkins Glen, New York. The event, to be held the weekend of August 12-15, 1999, was formerly known as the "Bud at the Glen." Other terms of the agreement were not disclosed.
    William C. France, Chairman and Chief Executive Officer of International Speedway, commented, "We are proud to have Frontier and Frontier Cellular sponsor our Winston Cup event at Watkins Glen. Their position as dynamic, leading-edge companies will allow them to effectively cater to our fan demographic and will make them attractive partners for Watkins Glen. Frontier s experience in other sports- marketing ventures will also contribute to the success of the "Frontier at the Glen."
    International Speedway Corporation is a leading promoter of motorsports activities in the United States, currently promoting more than 80 events annually. The Company owns and/or operates five premier motorsports facilities, including Daytona International Speedway in Florida (home of the Daytona 500), Talladega Superspeedway in Alabama, Phoenix International Raceway in Arizona, Darlington Raceway in South Carolina and Watkins Glen International in New York. Other track interests include the operation of Tucson (AZ) Raceway Park, a 45% stake in Miami-Dade Homestead Motorsports Complex, and an approximate 11% holding in Penske Motorsports, Inc. . The Company also owns and operates MRN Radio, the nation s largest independent sports radio network, and DAYTONA USA, the award-winning "Ultimate Motorsports Attraction" in Daytona Beach, FL.
    Statements made in this release that state the Company's or management's beliefs or expectations and which are not historical facts or which apply prospectively are forward-looking statements. It is important to note that the Company's actual results could differ materially from those contained or implied by such forward looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements is contained from time to time in the Company's SEC filings including but not limited to the 10-K and subsequent 10-Q s. Copies of those filings are available from the Company and the SEC.