CHAMPCAR/CART: GP Americas update 2002-07-03

MIAMI, FL (July 3, 2002) -- Raceworks LLC, of Miami, organizers and promoters of The Grand Prix Americas, the mega-auto racing event scheduled to run on the streets of downtown Miami October 4-6, 2002, Monday received the strong support of the...

MIAMI, FL (July 3, 2002) -- Raceworks LLC, of Miami, organizers and promoters of The Grand Prix Americas, the mega-auto racing event scheduled to run on the streets of downtown Miami October 4-6, 2002, Monday received the strong support of the Miami Sports and Exhibition Authority which voted unanimously to approve a $2 million loan in support of the street race.

"The Mayor and City Commission have supported the Grand Prix Americas all along, and it's great to have our local community leaders at the MSEA Board stand behind the race so firmly and recognize it as a key sporting event. This event will be a great catalyst in promoting our city", said Peter Yanowitch, President of Raceworks.

The Grand Prix Americas, co-promoted by Raceworks and CART, will feature:

*       The Trans-Am Series for the BFGoodrich Cup on Friday Oct. 4th

* The American Le Mans Series on Saturday Oct. 5th
* And on Sunday Oct 6th, the CART FedEx Championship Series

The Friday and Saturday races will be televised on Speed TV Network while the Sunday CART race will be televised on CBS.

The Grand Prix Americas will be a historic auto-racing weekend when, for the first time ever, CART and ALMS will participate in back-to-back racing events on the same event weekend.

As part of their presentation with the Miami Sports & Exhibition Authority, Raceworks officials pledged to donate 1,500 tickets to be distributed to Miami children who would otherwise be unable to experience the events.

The Grand Prix races will be held in conjunction with Miami's annual Hispanic Heritage Festival, one of the largest and most successful Hispanic festivals in the U.S., known worldwide for its presentation of excellent special events. The weekend will feature live entertainment with performances by top Latin headliners, an eclectic food court spotlighting local Miami restaurants, a Celebrity Race, and much more.

For tickets and more information on The Grand Prix Americas call 305-373-3333 or visit www.miamirace.com.

-rw-

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Series ALMS , IndyCar , Trans-Am