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Action Performance Announces Appointment of David Martin as CFO

3 August 2000

Action Performance Announces Appointment of David Martin as CFO

    PHOENIX - Action Performance Companies Inc. today announced that R. David Martin, a retired partner from Deloitte & Touche, a leading accounting, tax and consulting firm, has been named chief financial officer, effective immediately.

    A resident of Phoenix for the past 30 years, Martin previously served as audit partner for a number of public companies in the Phoenix area. Martin, who graduated from Michigan State University with a bachelor's degree in accounting, retired from Deloitte & Touche in June.

    "I am excited about joining the Action Performance team and expect to make a notable contribution to the company's future success," said Martin. "Action is an innovative company with significant future potential and I look forward to this challenging opportunity."

    "With the recent developments in our executive structure, Action is pleased to bring on a professional like David whose experience and financial prowess are sure to be an asset to our company," said Fred W. Wagenhals, Action Performance president, chairman and CEO. "I am confident in his abilities to play an important role in continuing the success Action has experienced in the past."

    Action Performance Companies is the leader in the design, promotion and distribution of licensed motorsports merchandise. Its products include a broad range of motorsports-related die-cast car replica collectibles, apparel, souvenirs and other memorabilia.

    The company markets and distributes products through a wide variety of channels, including Racing Collectables Club of America (RCCA), trackside at racing events, mass retail department stores and a worldwide network of wholesale distributors and specialty dealers.