CHAMPCAR/CART: CART hosts B2B forum

NEW YORK (October 28, 2002) - Continuing what has been in a concerted effort this season to help teams educate prospective sponsors, Championship Auto Racing Teams, Inc. (CART) announced today that it will hold a Business-to-Business Forum in ...

NEW YORK (October 28, 2002) - Continuing what has been in a concerted effort this season to help teams educate prospective sponsors, Championship Auto Racing Teams, Inc. (CART) announced today that it will hold a Business-to-Business Forum in partnership with Bear, Stearns & Co. Inc., Thursday October 31st, at the California Speedway in Fontana, Calif. in conjunction with The 500 Presented by Toyota.   Following on the heels of a successful gathering in Miami, where many key players in the business community attended a similar forum, the California B2B Forum is designed to provide investors and businesses with a thorough understanding of the financial opportunities that exist in CART.  Featured speakers at the event include Christopher R. Pook, president and CEO of CART, Tom Elliman, sponsor relations manager for Ford Racing Technology, - and Henry Rischitelli, president of Continental Sports, who represents Patrick Racing and Visteon.  The event will take place at 8:30 a.m. at the California Speedway and will also include a forum discussion entitled, Generating Revenue through Motorsports. Following the forum, attendees will be treated to laps around the California Speedway with the CART Pace Car Team, a group of professional, women race car drivers who pace the field at each CART event.   "CART is taking a leadership position as it pertains to providing a sports marketing environment that is conducive to the creation of new business opportunities," said Mr. Pook. "This B2B Forum, held in conjunction with our Fontana race, is an excellent opportunity for those companies not currently using our sports marketing platform to come and check us out."   "The motorsports industry creates an impressive blend of entertainment, business-to-business and investment opportunities," added David L. Rosenberg, Bear Stearns managing director and a contributing organizer of the event. "We believe this forum will offer a rare opportunity for those outside the industry to gain a greater understanding of the business."   For additional information on the Forum, please contact Andy Castleman on 317-715-4134 or via e-mail at businessdevelopment@cart.com, Jason Berlinger on 310-201-2727 or at jberlinger@bear.com or David Rosenberg on 310-201-2727 or drosenberg@bear.com.   Championship Auto Racing Teams, Inc. (NYSE: MPH) owns, operates and markets the CART FedEx Championship Series. Newly-crowned 2002 CART FedEx Championship Series champion Cristiano da Matta is among the open-wheel stars competing with teams such as Newman/Haas Racing, Player's/Forsythe Racing, Team Rahal, Fernández Racing, Patrick Racing, Herdez Competition, Mo Nunn Racing, Walker Racing and others. CART Champ Cars are thoroughbred racing machines that reach speeds in excess of 200 miles per hour, showcasing the technical expertise of manufacturers such as Ford Motor Company, Lola Cars, Reynard Motorsport and Bridgestone/Firestone North American Tire, LLC. The 19-race 2002 CART FedEx Championship Series will be broadcast by new television partners, CBS, FOX and SPEED Channel. CART also owns and operates its top development series, the CART Toyota Atlantic Championship. Learn more about CART's open-wheel racing series at www.cart.com.   Founded in 1923, Bear, Stearns & Co. Inc. is a leading worldwide investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE:BSC).  With approximately $29.6 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide.  The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services.  Through Bear, Stearns Securities Corp., it offers prime broker and broker dealer services, including clearing and securities lending.  Headquartered in New York City, the company has approximately 10,500 employees worldwide.  For additional information about Bear Stearns, please visit the firm's Web site at www.bearstearns.com.   -cart-

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Series Automotive , IndyCar
Drivers Cristiano da Matta , Mo Nunn