2003 Trans-Am Series for the BFGoodrich Tires Cup season to kick off with Grand Prix of St. Petersburg,

ST. PETERSBURG, Fla. (Dec. 12, 2002) - The Grand Prix of St. Petersburg announced today that it will host the opening race of the 38th season of the Trans-Am Series for the BFGoodrich Tires Cup during its three- day inaugural race weekend, Feb. 21-23.

The Trans-Am race will compliment a weekend schedule that includes the opening race of CART's Bridgestone Champ Car World Series Powered by Ford and the finale of next year's Fran-Am 2000 Winter World Championship.

"Our loyal race fans know all about the great racing action Trans-Am produces," stated Tom Begley, General Manager, Grand Prix of St. Petersburg. "The ground-pounding excitement these cars and drivers generate is a real crowd favorite. We are very pleased they will be returning to our streets."

The 2003 Trans-Am Series for the BFGoodrich Tires Cup is America's longest- running road racing series. Featuring sports cars such as the Jaguar XKR, Chevrolet Corvette, Panoz Esperante, Dodge Viper and Ford Mustang, Trans-Am features a slam-bang style that always makes for exciting racing. Its schedule includes 11 North American dates with one tentative event yet to be finalized. Each event will be telecast on FOX's SPEED Channel, with air dates and times to be determined.

Boris Said is the series' defending champion, having clinched the title with a victory at the Grand Prix Americas in Miami last October.

"The Trans-Am Series looks forward to kicking off its 2003 season in streets of St. Petersburg," said John Clagett, executive director of the Trans-Am Series. "Trans-Am has a large fan following in the St. Petersburg/Tampa Bay area. This is an opportunity for us to be in a great market at a beautiful venue right on the waterfront. Race fans really seem to identify with high- powered V-8 thundering sports cars taking to the city streets."

At the Grand Prix of St. Petersburg, the Trans-Am race is tentatively scheduled to follow the featured CART race on Sunday afternoon, Feb. 23. There likely will be Trans-Am practice on Friday followed by qualifying on Saturday afternoon.

The Trans-Am Series for the BFGoodrich Tires Cup will be racing at three Dover Motorsports, Inc. facilities in 2003. In addition to St. Petersburg, the Trans-Am muscle cars will take to the streets with the Champ Cars at the Toyota Grand Prix of Long Beach, April 11-13, and the Shell Grand Prix of Denver, August 29-31.

The Grand Prix of St. Petersburg is set to take place February 21-23, 2003 in downtown St. Petersburg on a 1.78-mile, 14-turn temporary street circuit that encompasses the Bayfront Center, Bay Shore Drive and part of the Albert Whitted Airport. Ticket prices for the three-day event range from $35 for a Sunday-only General Admission ticket to $105 for a three-day ticket that includes Friday, Saturday and Sunday Reserved Seating in upper levels of the grandstands. Handicapped seating, hospitality club packages and CART Paddock Passes are also available. Tickets for the 2003 Grand Prix of St. Petersburg are on sale now by calling 1-888-34-SPEED or by visiting the Web site at: www.gpstpete.com. For more information on group tickets, sponsorship or hospitality club packages, please call (727) 894-7749.

Grand Prix Association of Long Beach, Inc. is a subsidiary of Dover Motorsports, Inc. (NYSE: DVD), a leading promoter of motorsports events in the United States. The Company owns and operates Dover International Speedway in Dover, Del.; Nashville Superspeedway near Nashville, Tenn.; Gateway International Raceway near St. Louis, Mo., and Memphis Motorsports Park near Memphis, Tenn.; organizes and promotes the Toyota Grand Prix of Long Beach in California, Shell Grand Prix of Denver in Colorado and the Grand Prix of St. Petersburg in Florida.