Scott Speed forms own company

Scott Speed forms marketing company. Scottsdale, Az. (March 10) -- Scott Speed, the aspiring american open-wheel racing driver, who was selected in the hotly contested Red Bull Formula 1 Driver Search, has announced today the formation of ...

Scott Speed forms marketing company.

Scottsdale, Az. (March 10) -- Scott Speed, the aspiring american open-wheel racing driver, who was selected in the hotly contested Red Bull Formula 1 Driver Search, has announced today the formation of his Motor Sports Management Group in hopes of expanding his business affairs on a level to race in the famous F1 series.

The corporation, Scott Speed Inc., will supervise all of his promotional and sponsorship endeavors as he enters into the European racing ranks. Based in Scottsdale, AZ., the corporation contains the listing of directors as follows: Scott Speed, Mike Speed (Father), Glen Hinshaw, and Jake Berry.

At the young age of 20 and currently residing in Silverstone, England, Speed, from Manteca, Calif., is studying under the tutelage of the Alan Docking Racing -- British Formula-3 banner. In preseason testing, he's proven his mettle using his past karting experience where he spent most of his career honing his skills that leads him now to the more powerful racing machines of the F-3 series.

"It's more than I could ever dream," said the motivated Speed. "This is my big break and I'm going to live it to the fullest. It's all I've ever thought about - getting to race in Europe. The open-wheel cars are my life and I hope to run with the best drivers in the world one day."

What began at age 4, most of Speed's racing career has been spent around the racetrack. Following his Dad (Mike, an electrical engineer and owner of Speed Concepts, an electronics instrumentation company), Speed quickly learned the trade and by age 10 was racing karts and in two years (1995) had won his first national title.

After moving up to shifter karts in 1997, he found more success and won the prestigious 125cc SKUSA Super National title (of his seven national championships). He benefited from the results that led to a three-day Jim Russell school, winning the Graduate run off giving Scott a season in open wheel Formula Russell Cars, where he dominated the Formula Russell Championship series and taking the overall winner position and giving him the prestigious title of Rookie of the Year.

After being recognized for his driving abilities by a scouting panel headed by past F1 American driver and Indy 500 champion, Danny Sullivan, Speed later was selected for the Red Bull F1 Driver Search in the summer 2002 and not wasting a moment of this marvelous opportunity -- gave it his all and triumphed to claim the honorary title that proceeded to his signing a contract to sharpen his driving skills on the 2003 British F-3 Alan Docking championship team.

"We started Scott Speed, Inc. to achieve our specific sponsorships goals," said the rising motor sports star. "I've signed a contract with Red Bull and with the support of Alan Docking Racing, reigning British F3 Champions I hope to learn a great deal about the F-3 cars and improve my methods of driving."

As part of the eclectic group behind Scott Speed, Inc. is a collage of people who know both the financial and entertainment side of the motor sports business.

President of his own company, Speed has added his father, Mike, to the Board of Directors along with financial advisor, Glen Hinshaw of Hinshaw Financial Group LLC. Located in Scottsdale AZ. And Jake Berry, president of the Fader Higher LLC also located in Scottsdale AZ. and current production manager for the 'World's Greatest Rock and Roll Band', the Rolling Stones and other entertainment entities.

"We feel with this group of people behind us, we have all the elements to reach our racing target. We have a unique mix of some the best people in the entertainment and financial side of the business and we're fortunate to have their never-ending support."

Speed starts his inaugural championship tenure behind the wheel of the Red Bull Dallara-Mugen Honda beginning on April 5-6 when the British F-3 series kicks off its season at Donington Park National.

-ssm-

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Series AUTOMOTIVE , OPENWHEEL