ArcaEx Becomes Major Sponsor on Andretti Green Racing's #27 Entry
INDIANAPOLIS, Ind., (Jan. 7, 2004) - Andretti Green Racing announced today it has reached an agreement with the Archipelago Exchange (ArcaEx) to become a major sponsor on Dario Franchitti's #27 Honda-powered Dallara during the 2004 Indy Racing League IndyCar Series season.
ArcaEx, which is an open, all-electronic stock exchange, backed the #27 entry in 2003, which used four different drivers en route to posting one win, seven top-fives, nine top-10s and a sixth-place ranking in the final 2003 IndyCar Series entrant points.
"It's great to be able to announce that ArcaEx is not only continuing its relationship with Andretti Green Racing, but is becoming a major sponsor," said Kevin Savoree, who owns the team along with partners Michael Andretti and Kim Green. "ArcaEx stuck with us through a lot of adversity this past season and was a valuable partner every step of the way.
"As a team owner, it's gratifying to see a sponsor grow their involvement each year and take advantage of what your team has to offer," said Savoree. "ArcaEx has been with us for three years now and works harder every year to make sure its sponsorship is as effective as it can possibly be."
"ArcaEx has been able to leverage it's sponsorship with Andretti Green Racing to give our customers - traders and exchange-listed companies - a unique experience at the races," said Archipelago CEO Jerry Putnam. "We believe in competition, both on the race track and in the equities market, so our affiliation with a highly-competitive race team is a perfect fit."
Franchitti started the 2003 season in the Archipelago/Motorola Dallara/Honda/Firestone, but was injured in an off-track incident in Scotland after the second race of the season. Dan Wheldon filled in for Franchitti in Japan, while NASCAR driver Robby Gordon took over the controls at Indianapolis and qualified the car on the outside of front row for the Indianapolis 500. Following Indy, veteran Bryan Herta stepped in and drove the car the remainder of the season with the exception of the Pikes Peak event, which saw Franchitti return for one race before opting for season-ending back surgery.
Herta hauled in the lion's share of the results this season over the course of his 11 starts, posting six top-fives, including a win in the Kansas Indy 300 at Kansas Speedway.
About the Archipelago Exchange The Archipelago Exchange (ArcaEx) is dedicated to openness, transparency and equal access to equity markets. ArcaEx's advanced technology, open architecture and unbiased trading platform provide investors with fast, cost-efficient and anonymous market access. On October 25, 2001, the SEC approved the rules creating ArcaEx. The exchange features a trading system that searches for the best execution for each order. ArcaEx is the first totally open, fully electronic stock market to trade in all New York Stock Exchange®, Nasdaq®, American Stock Exchange® and Pacific Exchange® securities. ArcaEx is regulated by the Pacific Exchange. The Archipelago ECN, a precursor to ArcaEx, was one of the four original ECNs, formed in December 1996 with Townsend Analytics. For more information about the Archipelago Exchange, please visit www.archipelago.com.
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