Stock rising on SRPII class

DAYTONA BEACH, Fla. (May 7, 2001) - It does not take a stock analyst to know you can raise the value of your shares by increasing profits and decreasing expenses. With that basic formula in mind, the Grand American Rolex Sports Car Series has just...

DAYTONA BEACH, Fla. (May 7, 2001) - It does not take a stock analyst to know you can raise the value of your shares by increasing profits and decreasing expenses. With that basic formula in mind, the Grand American Rolex Sports Car Series has just seen the stock rise in SportsRacing Prototype II thanks to the active participation of two major players in the class.

In what can only be seen as some kind of harmonic convergence, Lola and Nissan, the primary chassis and engine suppliers in the class, have announced dramatic new programs that reduce the cost of competition and add substantially to the available prize money.

LOLA
First to make the headlines was Lola when it unveiled a new parts program that features major changes in its parts distribution policy and pricing. Price reductions announced on gearbox and bodywork components range between 20 percent and 65 percent from previous prices. Lola said it is not sacrificing quality to lower prices, but instead has revamped its manufacturing and supply processes to affect substantial cost savings and then pass those savings on to its customers.

Lola has also announced that more than 250 standard components can now be purchased from sources other than Lola or its U.S. importer Carl Haas Automobile Imports, further reducing costs and streamlining the supply chain for teams.

NISSAN
Just days after the Lola announcement, came word that Nissan has confirmed its contingency award program for the Grand-Am Rolex Sports Car Series. Nissan offers awards in all Grand-Am Rolex Series classes where they have cars or engines in competition. Awards are $4,000 for first place, $2,000 for second place and $1,000 for third place. With Nissan powerplants being the primary engine in SRPII, this award program will put a lot of checks in racers' pockets.

Despite the date of the announcement, Nissan stated that awards were for the entire 2001 season. That news definitely put a smile on the face of Archangel Motorsport Services team owner Michael Johnson, who can now expect a five-figure bonus based on his team's results in the first three rounds of the series.

"We are very excited to hear that Nissan and Lola are doing what they can to promote this exciting class in the Grand-Am Series," said Johnson, who fields two Nissan Lolas in Grand-Am SRPII. "Hopefully this will convince present and future Nissan Lola owners to come race with us."

More information on the Grand American Rolex Sports Car Series is available online at www.grand-am.com.

-GrandAm-

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Series Automotive , Grand-Am
Drivers Carl Haas , Michael Johnson