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Automotive Performance Group, Inc. Announces Sale of Team Scandia

5 February 1999

Automotive Performance Group, Inc. Announces Sale of Team Scandia

    TEMPE, Az.--Feb. 5, 1999--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 completed the sale of its Team Scandia racing team. Terms were not disclosed.
    Dean M. Willard, Chairman and Chief Executive Officer of APG stated, "The sale of Team Scandia concludes APG's plan to terminate its direct involvement in auto racing. The company's planned focus on specialty chemicals and branded products for the automotive aftermarket is expected to result in dramatically improved revenue growth and earnings."
    Automotive Performance Group, Inc. is a full service owner and operator of high performance automotive businesses including Royal Purple Motor Oil, which produces synthetic oil and chemical products favored by many racing teams and manufacturers, and Klein Engines and Competition Components, Inc., a leading manufacturer of high performance engines.
    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.