ArcaEx Returns with Andretti Green Racing in 2005 INDIANAPOLIS, Ind. (Jan. 11, 2005) - Andretti Green Racing announced today it has reached an agreement with the Archipelago ExchangeSM (ArcaExÂ®) to continue its role as a major sponsor on the...
ArcaEx Returns with Andretti Green Racing in 2005
INDIANAPOLIS, Ind. (Jan. 11, 2005) - Andretti Green Racing announced today it has reached an agreement with the Archipelago ExchangeSM (ArcaEx®) to continue its role as a major sponsor on the #27 Honda-powered Dallara for the upcoming 2005 Indy Racing League® IndyCar® Series season.
ArcaEx, which is the first totally-open, fully-electronic stock exchange in the U.S., has backed the #27 entry, with Dario Franchitti driving, in each of the past two seasons. During that time, the ArcaEx team has enjoyed three wins, 12 top fives, 17 top 10s and sixth-place rankings in both the final 2003 and 2004 IndyCar Series entrant point standings.
"It's exciting to announce that ArcaEx is returning to AGR in 2005 as a major sponsor," said Kevin Savoree, who owns the team along with partners Michael Andretti and Kim Green.
"The combination of ArcaEx, Dario and AGR resulted in two victories last season and we're looking for even better things to come in 2005," said Savoree. "It's exciting, from a marketing perspective and brand campaign, to have a company as progressive as Archipelago in our stable. They have become known for their creative ways of communicating their brand and competition, and we're excited to be a part of their marketing campaign."
"We're excited about the upcoming season," said Jerry Putnam, CEO of ArcaEx. "IndyCar racing and ArcaEx share the innovation and unending focus on speed required to be competitive in racing and in trading. Sponsoring AGR is a great way for us to get our message across to traders, issuers and investors."
ArcaEx earned its first IndyCar Series victory during the 2003 season, when Bryan Herta took the checkered flag at the Kansas Indy 300 at Kansas Speedway while filling in for the injured Franchitti.
"The relationship we have with Archipelago goes back a while and just gets better and better every year," said Michael Andretti. "I know 2004 was a landmark year for Archipelago and it was also a pretty solid year for the ArcaEx car and for Dario, as well. But, as good as last season was, I don't see any reason why 2005 can't be really special for this team."
Andretti Green Racing will field a league-high four entries in the IndyCar Series in 2005, all of which will be powered by Honda engines. During its first two years of competition, Andretti Green succeeded in winning 10 races, eight pole positions and the 2004 IndyCar Series championship. All four AGR entries finished among the top nine in the final 2004 series standings.
About the Archipelago Exchange
Archipelago Holdings (PCX: AX) operates The Archipelago ExchangeSM (ArcaEx®) the first totally- open, all-electronic stock exchange in the United States. ArcaEx trades all Nasdaq-listed equity securities and exchange-listed equity securities, including those listed on the New York Stock Exchange®, American Stock Exchange®, and Pacific Exchange®. In addition to offering core execution services, ArcaEx provides corporate clients with listing services and innovative data products. In 2004, Archipelago launched ArcaVision to provide corporate and trading clients with more transparent market data, analytical tools and access to market-wide and ArcaEx-specific trading information. Archipelago Holdings completed its initial public offering in August 2004. For more information please visit www.archipelago.com.
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