CHAMPCAR/CART: "Official Trailer" partnership renewed

DETROIT (February 27, 2002) - Championship Auto Racing Teams (CART) announced today that it has renewed its partnership with Featherlite, Inc. and that Featherlite has retained its status as "Official Trailer of CART." Under the agreement,...

DETROIT (February 27, 2002) - Championship Auto Racing Teams (CART) announced today that it has renewed its partnership with Featherlite, Inc. and that Featherlite has retained its status as "Official Trailer of CART."

Under the agreement, CART's traveling fleet of transporters will feature Featherlite trailers. The transporters travel to each North American race venue, and are responsible for carrying virtually all of the equipment CART needs to conduct its business on race weekends; including equipment for technical inspection, the Simple Green CART Safety Team, timing & scoring, registration, and CART's mobile offices.

"We are extremely pleased to welcome Featherlite back for another season with CART," said CART Vice President of Racing Operations, John Lopes. "The Featherlite trailers used by CART and its teams are more than just trailers, they have proven to be very attractive rolling billboards. Featherlite has proven to be a highly professional and enthusiastic partner over the years, and we look forward to doing business with them for years to come."

In addition to the relationship with CART, Featherlite does business with many of the teams competing in the CART FedEx Championship Series, and has mobile offices in the paddock of every North American Champ Car race. Featherlite has been in partnership with CART for more than ten years.

"It is with great pleasure that Featherlite renews its affiliation with CART," said Eric Clement, Featherlite vice president, sales. "In doing so, we affirm our commitment to CART teams, its fans, and the CART organization itself, which brings this nation one of the most intense, extraordinary experiences in all of motor sports. Featherlite is at the forefront of designing and building the finest race car transporters, trailers, and coaches in America. We appreciate the role that CART has played in our success. It helps build brands and provides us a solid business environment. We look forward to our second decade of offering unparalleled support and service to CART and its teams."

Featherlite, Inc. is the largest aluminum specialty trailer manufacturer in the nation and is a major supplier of state-of-the-art race car transporters and luxury motorcoaches to professional auto racing teams. Located in Cresco, Iowa, Featherlite is an international leader in specialty trailer manufacturing, design and customized engineering. In addition to its relationship with CART and many of its teams, Featherlite also does business with many other major corporations and international organizations, such as the United States Air Force, Major League Baseball, Budweiser, Lego Corporation, and Coca-Cola.

Championship Auto Racing Teams, Inc. (NYSE: MPH) owns, operates and markets the CART FedEx Championship Series. Former series champions Michael Andretti and Jimmy Vasser are among the stars who will battle for the 2002 FedEx Championship Series title on ovals, temporary street circuits and permanent road courses. The 2002 CART FedEx Championship Series season kicks off March 10 at Monterrey, Mexico and the 19-race schedule 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.

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