Champ Car World Series Statement Regarding the Trans-Am Series

INDIANAPOLIS (December 12, 2005) -- What follows are statements from the Champ Car World Series regarding its future with the Trans-Am Series. As of today, the Champ Car World Series will no longer be affiliated as the sanctioning body of the Trans-Am Series.

Per the Champ Car President Steve Johnson:

"We have elected not to renew the licensing agreement with the Trans-Am Series. Any further comment on the matter should come from Trans-Am."

"Trans-Am had been a mainstay in road racing for many years and has been a popular component of our three-day festivals of speed for the last two seasons. We have enjoyed having the Trans-Am series compete at our events, our fans enjoyed the series and we wish the series, and all its competitors, the best of luck in the future."