NASCAR BGN: Casey Atwood's Victory Further Establishes Worldwide Entertainment & Sports' Motorsports Division
8 July 1999
Casey Atwood's NASCAR Victory Further Establishes Worldwide Entertainment & Sports' Motorsports Division
WEST ORANGE, N.J.--July 8, 1999--Worldwide Entertainment & Sports Corp. announced that Brewco Motorsports' driver Casey Atwood became the youngest NASCAR Busch Series race winner with his victory in the DieHard 250 Sunday at The Milwaukee Mile. Worldwide's Motorsports division has a representation agreement with the Brewco Motorsports NASCAR racing team and recently procured a multi-million dollar primary sponsorship agreement with Castrol North America, Inc.The Company's Motorsports division engages in signing marketing contracts with race teams, racecar drivers and potential motorsports sponsors. The Company generates corporate sponsorships for race teams competing in the different circuits and acquires corporate endorsements for drivers. In addition, the Company has developed licensing programs to sell merchandise bearing the name and likeness of race teams and drivers.
Worldwide Entertainment & Sports' President and CEO, Marc Roberts, commented, "We are very excited about Casey's emergence as one of the top drivers on the NASCAR circuit. His victory validates Worldwide's ability to align itself with premier racing teams and drivers who will accelerate the growth of our Motorsports division. The success we have had with the Brewco Motorsports team helps position us to become one of the leading representatives on the racing circuits."
Atwood took the checkered flag in dramatic fashion after passing Jeff Green on the final lap of the event. The 18-year-old driver grabbed his sixth top-10 finish and first Bud Pole of the season after setting the track record in qualifying on Saturday. The victory moved Atwood back into the top-10 in driver point standings. The driver of the No. 27 Castrol GTX Chevrolet has raced in 30 events in his series career, accumulating a total of three Bud Poles, five top-5 finishes and seven top-10s.
Jay Schulthess, President of the Motorsports division, commented, "Casey Atwood is one of the brightest stars in the future of NASCAR. He is living up to his tremendous potential and this high profile victory will have a very positive impact on our ability to generate additional corporate sponsorship for Casey and the Brewco Motorsports team."
Worldwide Entertainment & Sports provides management, marketing and commercial endorsement agency services to various entertainment and sports entities. Its clients include professional athletes in boxing, football and motorsports. The Company has the largest stable of heavyweight boxers in the sport including top contenders Shannon Briggs and undefeated Ike Ibeabuchi. The Motorsports division engages in signing marketing contracts with race teams, racecar drivers and potential motorsports sponsors and currently represents drivers and teams in NASCAR, CART, and Indy Lights racing series. The Company's Football division client list is among the strongest in the NFL featuring All-Pro Antonio Freeman of the Green Bay Packers and O.J. McDuffie of the Miami Dolphins. Worldwide Entertainment & Sports is on the World Wide Web at www.wwentertainment.com.
Except for the historical information herein, certain matters discussed in this release include forward looking statements that may vary significantly based on a number of factors and uncertainties. Actual risks may vary significantly based on a number of factors, including, but not limited to: the success and achievement of the athletes managed by the Company; demand for their services; the ability of the company to attract additional clients; the effect of the Company's accounting policies; and other risk factors detailed in the Company's filings with the Securities and Exchange Commission.
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