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SpeedMonster.com Brings Lloyd Ward II on as Chief Executive Officer

15 May 2000

Motor Sports Portal SpeedMonster.com Brings Lloyd Ward II on as Chief Executive Officer

    SAN DIEGO--May 15, 2000--Upstart motor sports portal SpeedMonster.com Monday announced that Lloyd Ward II would take the helm as chief executive officer as the company prepares to launch its dynamic Web site.
    With a degree in mechanical engineering from Harvard University, Ward brings a background in process design and re-engineering for communication and entertainment-oriented clients from his years of business consulting at Arthur Andersen.
    SpeedMonster, whose motto "Anything with a Motor" is splashed across their fleet of bright yellow racing trucks, is an Internet-based, motor sports-focused Web community covering a broad range of motor sport activities, whether they exist on land, in the water or in the air. With numerous partnerships already made with organizations such as the American Power Boat Association, and even more deals on the table, the search for a qualified CEO had become imperative for the young company. After a long search, the SpeedMonster board of directors found a perfect candidate in Ward.
    "I am extremely excited to have the opportunity to lead the SpeedMonster.com effort," commented Ward. "The inspiration behind SpeedMonster.com has incredible potential. I look forward to getting our site off of the ground and taking it to the next level."

    About SpeedMonster.com

    SpeedMonster.com will cover a broad range of motor sport activities, whether they exist on land, in the water or in the air. Some of these activities include car racing, truck racing, drag racing, monster truck events, motorcycle racing, dirt bike racing, land speed record attempts, stunt driving events, boat racing, jet ski racing and air shows.
    In addition, this Web site will feature an entire host of intriguing content material including the following:

	   --  new and used automobile, motorcycle and boat reviews and
        comparisons;

	   --  interviews with independent and sponsored racers and other
        industry personnel;

	   --  question and answer ("Q&A") sessions with racers,
        manufacturers and knowledgeable mechanics and tuners;

	   --  automobile, motorcycle and boat trading and auction
        capabilities;

	   --  used-parts and replacement parts databases and locators;

	   --  links to local mechanics and dealers;

	   --  links to local enthusiast clubs and other organizations;

	   --  lists of local events and venues with directions and online
        ticket-purchasing options;

	   --  links to clothing manufacturers and dealers;

	   --  racing and street memorabilia auctions;

	   --  24 hour coverage of local, national and international news and
        events through the streaming technologies found in both
        SpeedRadio and SpeedTV, and;

	   --  24 hour access to speed and motorized sport-related chat rooms
        and message boards.

    Nothing contained herein shall be considered an offer to buy or sell any securities or a solicitation to buy or sell any securities. Such an offer can be made only by means of a prospectus. The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products.