CHAMPCAR/CART: Lexmark to sponsor Australian stop

INDIANAPOLIS (January 23, 2003) - Global technology leader Lexmark was announced today in Australia as the new naming rights sponsor of the Indy 300 on Queensland's Gold Coast in a four-year multi-million dollar agreement. Queensland's premier...

INDIANAPOLIS (January 23, 2003) - Global technology leader Lexmark was announced today in Australia as the new naming rights sponsor of the Indy 300 on Queensland's Gold Coast in a four-year multi-million dollar agreement.

Queensland's premier annual event that will feature Round 18 of the Bridgestone Presents The Champ Car World Series Powered by Ford will now be known as the Lexmark Indy 300, with the 2003 edition to be held from October 23-26 on the streets of Surfers Paradise.

A company dedicated solely to printing solutions, Lexmark's focus has driven the company to success and its status as an industry leader is why Lexmark is renowned for its printing innovations and product reliability.

Deputy Premier, Treasurer, and Sports Minister Terry Mackenroth said both the Lexmark Indy 300 and Lexmark will celebrate their 13th years in 2003, and there will be further celebrations after a record crowd of 300,000 comes through the gates this year.

"The Indy carnival has grown into one of the world's premier motor racing events," said Mackenroth. "Many from across Australia now make it an annual pilgrimage. The State Government has always been a huge supporter of the event and year in, year out we put our money where our mouth is.

"We estimate that it generates more than 175,000 visitor nights in Queensland and has triggered economic benefits from $9.5 Million in 1991 to more than $50 Million last year. It delivers an employment boost, creating more than 700 jobs across several industries. The race is also broadcast to a potential international audience of more than 700 Million people in more than 190 countries, which is excellent exposure for Queensland."

The Lexmark Indy 300 will also continue to drive a massive on and off track entertainment program that will feature support motor events, the Bartercard Miss Indy beauty contest, nightclub parties, equine events, car shows, surf lifesaving, barbecues, family days, sailing, parades, themed breakfasts, lunches and dinners, a gala ball and much more.

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Series IndyCar