HPROP: Hydro-Prop announces Legal Counsel

Hydro-Prop, Inc. announced today that Plunkett & Cooney, P.C., a Detroit Law Firm, will be the "Official Legal Service Provider" of Hydro-Prop. Plunkett & Cooney will be the general counsel and will advise on all legal matters concerning the ...

Hydro-Prop, Inc. announced today that Plunkett & Cooney, P.C., a Detroit Law Firm, will be the "Official Legal Service Provider" of Hydro-Prop. Plunkett & Cooney will be the general counsel and will advise on all legal matters concerning the Budweiser Unlimited Hydroplane Series.

Plunkett & Cooney will review and revise the various site agreements for Hydro-Prop and will assist in other matters affiliated with Hydro-PROP. Additionally, it is anticipated that they will be called upon for advice regarding general contract and corporate matters.

"It was essential for Hydro-Prop to affiliate with a legal counsel," said Gary Garbrecht, Chairman of Hydro-Prop. "In today's business world, there are many instances where legal advice is imperative. Plunkett & Cooney will provide valuable legal insights although we will retain the right to make all final decisions."

Dennis Cowan, the Managing Shareholder of Plunkett & Cooney's Business Law Department, said the firm looks forward to working with Hydro-Prop as it gears up for another exciting race season.

"Plunkett & Cooney is pleased to be part of the Hydro-Prop team and its fine racing tradition," Cowan said. "We appreciate Hydro-Prop's confidence in our diversified legal services, and we look forward to an outstanding 2002 racing season."

Headquartered in Lake Hamilton, Fla., HYDRO-PROP combines Unlimited Hydroplanes, the biggest, fastest racing boats in the world, with Formula One, the most versatile, fastest accelerating and fastest turning boats in the world. HYDRO-PROP events are held throughout North America and are the only forms of Professional Powerboat Racing televised on ESPN2. For more information on HYDRO-PROP, visit www.hydroprop.com.

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