High Rock International Raceway announced

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DEVELOPERS SEEK COUNTY APPROVAL FOR ROAD RACE COURSE SALISBURY, NC (February 22, 2005) -- Property owner Dave Risdon and business partner Frank McGuire today announced plans to request from the Rowan County Board of Commissioners a conditional...

DEVELOPERS SEEK COUNTY APPROVAL FOR ROAD RACE COURSE

SALISBURY, NC (February 22, 2005) -- Property owner Dave Risdon and business partner Frank McGuire today announced plans to request from the Rowan County Board of Commissioners a conditional use permit to construct a road racing course of more than two miles in length on the site of the now dormant North Carolina Finishing Mill.

Preliminary plans for the proposed course, named High Rock International Raceway due to its location adjacent to High Rock Lake, call for sweeping elevation changes, two high-speed straightaways, and dramatic carousel, corkscrew and ess turns. The forty-five-foot wide track will be designed by world-renowned planner Alan Wilson of Wilson Motorsports and will provide a venue for sports car and motorcycle club racing as well as nationally sanctioned professional road-race events. The development team will also include civil engineer Daryl Wagner from Salisbury Engineering & Planning and Leo Dunn from Salisbury-based Carrol Fisher Construction, who will serve as project architect and contractor. Providing marketing consulting services for the track is Ellen McGuire of Charlotte-based Meridian Marketing & Media, Inc.

"This will be one of the most exciting road courses in the world. We are extremely fortunate to be working with Alan Wilson and to have acreage that offers exceptional topography on which to construct a world-class road racing course," said Risdon.

The proposed road course will be the hub of an innovative motorsports community including a race team performance center, privately-owned racing chalets, guest cottages that overlook the Yadkin River and a spacious RV campground. In addition, the track will offer memberships to High Rock Country Club. Membership privileges will include use of the track on select weekdays and evenings, access to all track events and exclusive access to a club lodge.

Risdon, who acquired the mill property in October 2001, has already begun demolition of the 400,000-square-foot mill building. Construction on the multi-million-dollar track project is expected to start in the fall of 2005 and be completed by the summer of 2006.

High Rock International Raceway, located in Rowan County, NC, is positioned to become one of the world's premier road racing venues. The 200-plus-acre development will cater to racing enthusiasts with features such as a race team performance center, privately-owned chalets and country club amenities. High Rock International Raceway hopes to attract race series of all kinds -- from sports car and motorcycle club races to nationally sanctioned professional road-race events.

-hrir-

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