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IRL: ISM Racing to Expand to Run Two Cars for 2000 Pep Boys IRL Season

3 August 1999

ISM Racing to Expand to Run Two Cars for 2000 Pep Boys IRL Season

    INDIANAPOLIS, Aug. 3 -- ISM Racing has announced it intends
to expand its present racing operations from a one-car team to a two-car
effort in the Pep Boys Indy Racing League (IRL) for the year 2000.
    ISM Marketing Corp.'s team indicated that they are in the process of
finalizing the funding for the first car, which will be driven by the 1998
Indianapolis 500 Rookie-of-the-Year, Steve Knapp.  Negotiations for a second
car have begun and are anticipated being finalized in time to begin testing in
the off season in preparation for the 2000 season.  A driver for the second
car has not been announced.
    It is anticipated that ISM's current lineup of sponsors, including, Delco
Remy International , Microphonics, (OTC Bullletin Board: MRPS) and
Goodyear Tire and Rubber , will continue to support the team.  An
announcement on the entire sponsorship package will be coordinated with the
individual sponsor partners announcements later in the year.
    The Indianapolis-based franchise has been one of the more successful teams
in the IRL, and has been racing within the IRL since the league's inception in
1996.  ISM, partnered with Eddie Cheever, won the 1997 Disney World race in
Orlando, Fla., in the league's inaugural race with the new engine chassis
combination.  The team has also won the pole at Phoenix, and for two
consecutive years (1997 & 1998) won the Indianapolis 500 Bank One Rookie-of-
the-Year awards with 1997 Driver Jeff Ward and current driver Knapp.
    ISM Marketing Corp. and ISM Racing Corp. are wholly owned subsidiaries of
ISM Holding Corp. (OTC Bulletin Board: ISMH); Ranges from team ownership
services and the solicitation of sponsorship and endorsements to ownership of
auto racing teams.
    Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the meaning of
section 27 A of the Securities Act of 1933 Section 21 E of the Securities
Exchange Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995.  The company intends that such statements about
the company's future expectations, including future revenues and earnings, and
all other forward-looking statements are subject to the safe harbors created
thereby.  Since these statements (future operational results and sales)
involve risks and uncertainties and are subject to change at any time, the
company's actual results may differ materially from expected results.