Chip Ganassi Racing with Felix Sabates and Home123 End Sponsorship Relationship
CONCORD, N.C. (Nov. 7, 2006) -- Chip Ganassi Racing with Felix Sabates (CGRFS) announced today that CGRFS and Home123 have mutually chosen to terminate their sponsorship relationship.
"We have enjoyed working with Home123," said team owner Chip Ganassi. "This was a good decision for us both and our separation was amicable. We wish them well in their future endeavors."
"While we have enjoyed working with the Ganassi organization and have seen benefit in the team sponsorship, we will be refocusing our 2006 dollars in other areas," said Pat Flanagan, Chief Executive Officer of Home123 Corporation. "We are committed to having marketing programs that strategically position the Home123 brand among our target audiences. We will continue to support the racing sport as the official mortgage company of NASCAR. In addition, we continue to be excited about announcing the winner of the Home123 "Pay Off Your Mortgage Sweepstakes."
About Chip Ganassi Racing with Felix Sabates
Chip Ganassi Racing with Felix Sabates, based in Concord, N.C., currently operates four race teams in two of NASCAR's national touring divisions; three in the NEXTEL Cup Series with drivers Sterling Marlin, Jamie McMurray and Casey Mears and one in the Busch Series with driver Reed Sorenson.
Home123 Corporation is one of America's largest providers of home mortgage loans. In the past year alone, the direct lender has helped more than 81,000 people achieve their personal financial goals by getting the loans they needed. Home123's brand promise is to help customers cut through the loan clutter: first, the company looks beyond a credit score to understand an individual situation, then offers the best home loan possible; next, it provides valuable resources to make the loan process easier; lastly, Home123 guides a customer through every step, so there are no surprises at loan closing. To find out more about Home123, please visit www.Home123.com.