TRAC announces another strategic alliance; Featherlite, Inc. to be the 'Official Transporter' CHARLOTTE, N.C., May 7 -- Team Sports Entertainment Inc. (BULLETIN BOARD: TSPT) announced today that Featherlite, Inc. (NASDAQ:FTHR) has been chosen as...
TRAC announces another strategic alliance; Featherlite, Inc. to be the 'Official Transporter'
CHARLOTTE, N.C., May 7 -- Team Sports Entertainment Inc. (BULLETIN BOARD: TSPT) announced today that Featherlite, Inc. (NASDAQ:FTHR) has been chosen as the "Official Transporter of TRAC".
Team Racing Auto Circuit (TRAC) has announced its plans to begin competition in the spring of 2003 and recently unveiled its prototype cars at Lowe's Motor Speedway on April 24th. The exclusive, league-wide deal calls for Featherlite to custom-build and guarantee delivery of 30 team transporters within 9 months in addition to providing the league with a mobile command center, a mobile marketing unit, a hospitality trailer and a three-car hauler for its prototypes. Featherlite will also provide customer support staff and service to TRAC for all of its events. After a six month search, TRAC officials selected Featherlite, Inc. of Cresco, Iowa to supply these services as the "Official Transporter of TRAC". The agreement is for a three-year period and calls for Featherlite to provide products, services and discounts valued at over $1 million.
TRAC President & COO, Jon Pritchett, commented: "Featherlite is the clear leader in the racing transporter industry. We are pleased to be in business with the best and look forward to a long and successful partnership." Additionally, Team Sports Entertainment, Inc. CEO, Bill Miller, said: "We are excited about being able to provide our teams with the best equipment available. As a future team owner myself, I am very pleased to have Featherlite building, delivering and servicing our league's transporters."
Featherlite, Inc., (NASDAQ:FTHR) is a North American Leader in designing, manufacturing and marketing high quality aluminum specialty trailers, transporters, custom mobile marketing trailers, and luxury motorcoaches. They have highly diversified product lines offering hundreds of standard model and custom designed horse, livestock, car and recreational trailers through an extensive dealer network in the U.S. and Canada. In addition to its "Official Transporter" status of NASCAR, IRL, CART, and other major motorsports series, Featherlite is the official sponsor of numerous equine and livestock organizations, including the Ohio All American Quarter Horse Congress, the National Western Livestock Show, the National High School Rodeo Association, and the World's Toughest Rodeo. Since it was founded over a quarter century ago, Featherlite has grown into a strategically diversified company. In 2000, they manufactured 11,000 trailers for distribution through their established network of approximately 250 dealers in the U.S. and Canada.
Featherlite President, Conrad Clement, commented: "TRAC is the most exciting project going on in motorsports today. Anytime you can associate your company with the caliber of people involved in TRAC, you jump at the chance. We look forward to working with TRAC and hope we can contribute to their ultimate success."
Team Racing Auto Circuit (TRAC) is a newly formed national motor sports league debuting in 2003. By combining the best qualities of traditional motor sports with the best attributes of traditional team sports leagues, TRAC is creating a new and exciting form of stock car racing designed to reach the mainstream sports fan. Initially, the league will consist of ten, three-car teams that will be located in major U.S. cities with motor sports venues in the area. Each team will represent its city or region and will participate in a season long schedule of races, in addition to an all-star event and concluding with a season-ending championship race. To learn more about Team Sports Entertainment and TRAC, please visit http://www.traczone.com/.