Las Vegas to hold three 2003 TRAC events

TRAC to make three stops at LVMS during inaugural season. LAS VEGAS-- Las Vegas Motor Speedway will play a prominent role as the Team Racing Auto Circuit embarks on its 2003 inaugural season. In fact, LVMS is the only facility that will ...

TRAC to make three stops at LVMS during inaugural season.

LAS VEGAS-- Las Vegas Motor Speedway will play a prominent role as the Team Racing Auto Circuit embarks on its 2003 inaugural season. In fact, LVMS is the only facility that will host three TRAC events during the year.

In a joint announcement, TRAC and Speedway Motorsports officials announced Wednesday that the new racing series will conduct 11 events at five SMI facilities during its first season. Three of those events will be held on LVMS' 1.5-mile tri-oval.

"We're very proud that TRAC has chosen to schedule three events here at Las Vegas Motor Speedway," said Chris Powell, LVMS president and general manager. "We believe this speaks volumes about our facility and our community as a whole. And it represents an opportunity to bring more events to our facility and the area. TRAC's concept should make for a very entertaining form of motorsports and one that will open the sport to many new fans and sponsors."

Though dates have not been announced, TRAC officials identified Speedway Motorsports facilities in Atlanta, Charlotte, Texas and Bristol, Tenn., as additional sites for the inaugural season. TRAC expects to announce five more markets for its first season and plans to announce the complete schedule by mid-summer.

"Obviously, one of the first priorities for executing our plan was developing relationships with key venues," said Jon Pritchett, TRAC's president and chief operating officer." Speedway Motorsports has five extraordinary oval tracks in five strong markets. What's more, they have two of the greatest innovators in motorsports history and five strong general managers at each venue who know how to operate major, made-for-television events."

Powell said annual suiteholders at LVMS would have access to their luxury boxes during TRAC races. "These events will provide additional value for no additional cost to the suiteholder," Powell said. "With TRAC coming to Las Vegas, the motorsports enthusiast in this community is the big winner. We're excited about the team concept and hope to help gather support for the Las Vegas-based team."

In addition to TRAC, LVMS also hosts the NASCAR Winston Cup Series, NASCAR Busch Series, NASCAR Craftsman Truck Series, NASCAR Winston West Series, Pennzoil World of Outlaws and two annual NHRA national events, among others. There are more than 1,300 event days annually at LVMS.

Las Vegas Motor Speedway is owned and operated by Speedway Motorsports, Inc. (NYSE:TRK), a leading marketer and promoter of motorsports entertainment in the United States. In addition to Las Vegas Motor Speedway, SMI owns and operates the following premiere facilities: Atlanta Motor Speedway, Bristol Motor Speedway, Lowe's Motor Speedway at Charlotte, Sears Point Raceway and Texas Motor Speedway. SMI also provides souvenir merchandise services through its Finish Line Events subsidiary, and manufactures and distributes smaller-scale, modified racing cars through its 600 Racing subsidiary.

TRAC, a wholly owned subsidiary of Team Sports Entertainment Inc. (NASDAQ:TSPT.OB), is a newly formed motorsports league slated to debut in the spring of 2003. By combining the qualities of traditional motorsports with the best attributes of traditional professional team sports leagues (NFL, NBA, MLB, etc), TRAC is creating a new and exciting form of stock car racing designed to reach mainstream sports fans. Initially, the league will consist of 10, three-car teams that will be located in major U.S. cities with major motorsports venues. Each team will represent its city and region and will participate in a season-long schedule of team races in addition to an all-star event and concluding with a season-ending championship race.

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