SPEED Channel to Broadcast 2003 Races; Five Live Rolex Series Events Highlight Television Lineup.

DAYTONA BEACH, Fla. (November 8, 2002) -- Grand American Road Racing Association announced today that SPEED Channel will broadcast the entire 12-race Rolex Sports Car Series schedule, including a minimum of five live races. Additionally, SPEED Channel will broadcast 11 Grand-Am Cup races on a tape-delayed basis.

SPEED Channel's coverage of the 2003 season will begin with a live broadcast of the 41st Rolex 24 At Daytona, February 1-2. The 2003 Rolex 24 coverage will be similar to that offered by SPEED Channel during the 2002 race, with the opening and closing of the race broadcast live in addition to updates throughout the evening. Approximately 15 hours of live coverage is anticipated of the classic twice- around-the-clock event.

SPEED Channel is currently slated to also bring live coverage of the Rolex Series events at Phoenix International Raceway, Mid-Ohio Sports Car Course and Le Circuit Mont-Tremblant, with the remaining live races to be announced at a later time.

SPEED Channel is the only 24-hour cable network devoted to the millions of people who love racing. The network features authentic coverage of major events, in addition to the latest industry and consumer news.

SPEED Channel will broadcast the Rolex Sports Car Series Grand American Finale live this Sunday at 1 p.m. Additional information on SPEED Channel is available online at www.speedtv.com. More information on the Rolex Sports Car Series and Grand-Am Cup 2003 schedules can be found on the official Grand American website at www.grandamerican.com.

-GARRC-