Indianapolis, IN -- December 5, 2002 -- Tom Kelley, President and CEO of Indianapolis based Kelley Racing announced today the appointment of Jim Freudenberg as Vice President of Commercial Operations and Steve Newey as Vice President of Racing Operations.

Newey comes to Kelley Racing with over 15 years of racing experience. Following graduation from Southern Technical Institute in Marietta, GA with a degree in Mechanical Engineering, Newey embarked on a career designing racecars. In 1987 he traveled to England to accept a position as race engineer in the most technically advanced form of auto racing, Formula One.

In 1989 he returned to the United States and has spent the last 14 years in the CART series managing and engineering winning efforts for the top teams and drivers. His resume includes numerous series poles and race wins as well as championships with such drivers as Bobby Rahal and Al Unser, Jr. In addition, he has recorded successful results with Danny Sullivan, Scott Pruett, Adrian Fernandez and Tony Kanaan.

Freudenberg, who has been the General Manager of Kelley Racing for the past four years, will oversee sponsorship acquisitions, sponsor/partner relationships; hospitality; marketing and public relations. Newey will be responsible for the day-to-day management and the technical advancement of all race operations.

"Jim's leadership has grown Kelley Racing to a level of prominence in the Indy Racing League on and off the track," said Kelley. "In addition to developing pole and race winning teams, his expertise has expanded Kelley Racing's list of sponsor/partners to one of the largest in the industry.

"Steve is among the best in his field and I am proud to have him as one of our team leaders," Kelley continued. "His level of expertise and experience will be a valuable asset to Kelley Racing.

"With the level of competition in the IRL continually increasing, it is imperative I give Kelley Racing everything necessary to remain on the leading edge of technology on the track while continuing to grow our business relationships off the track. I am proud to have these two gentleman as leaders of Kelley Racing."

"We are fortunate to be able to work for a team owner like Tom Kelley," said Freudenberg. "His foresight has always provided Kelley Racing with the tools necessary to be a winner on and off the track. Adding Steve to our program is another example of his innovative leadership which has put us at the front of the field and will keep us there."

"I am very excited to join the Kelley Racing family," Newey said. "I am looking forward to continuing the on-track success of the Kelley Racing teams. I have every confidence that Jim and I will work in tandem to bring everyone associated with Kelley Racing the best possible racing program."

Kelley Racing will field IRL teams with Scott Sharp and Al Unser Jr., again in 2003. Sharp will carry the familiar colors of Delphi with strong support from Futaba. Corteco and Bryant will enjoy their second season with Unser Jr. Negotiations are currently in progress for additional racing efforts. Announcements will be made as programs unfold prior to the season opening race at Homestead, Miami. March 2, 2003.

For further information on Kelley Racing, please visit our website at www.kelleyracing.com.

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