Statement from American Le Mans Series regarding BMW

"BMW has been a participant in the American Le Mans Series since its inception in 1999 and has brought a great deal to the series, not only in terms of star drivers and cars but also strong marketing support. We worked closely with BMW AG and BMW...

"BMW has been a participant in the American Le Mans Series since its inception in 1999 and has brought a great deal to the series, not only in terms of star drivers and cars but also strong marketing support. We worked closely with BMW AG and BMW North America in an effort to resolve the situation and while we are deeply disappointed, we are confident of BMW's return to American Le Mans Series racing in 2003."

Scott Atherton, President and COO, Panoz Motor Sports Group

-alms-

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Series ALMS