7-Eleven Extends Sponsorship Agreement With Andretti Green Racing FORT WORTH, Texas (Oct. 17, 2004) - Fresh off its first Indy Racing LeagueÂ® IndyCarÂ® Series championship as a primary sponsor, 7-Eleven, Inc. (NYSE: SE) announced Sunday it has...
7-Eleven Extends Sponsorship Agreement With Andretti Green Racing
FORT WORTH, Texas (Oct. 17, 2004) - Fresh off its first Indy Racing League® IndyCar® Series championship as a primary sponsor, 7-Eleven, Inc. (NYSE: SE) announced Sunday it has extended its sponsorship agreement with Andretti Green Racing (AGR) and will continue in its role as the chief backer of the #11 Team 7-Eleven Dallara/Honda/Firestone.
7-Eleven, which is the largest operator, franchisor and licensor of convenience stores, has served as the primary sponsor for the Andretti Green entry driven by 2004 IndyCar Series champion Tony Kanaan for the past two seasons. During that time, 7-Eleven has also been an associate sponsor on the #26 Klein Tools/Jim Beam Dallara/Honda/Firestone and the #27 ArcaEx Dallara/Honda/Firestone at Andretti Green, which are driven by 2003 IndyCar Series rookie of the year Dan Wheldon and two-time race winner Dario Franchitti.
"We had a great season with Michael, Tony, Team 7-Eleven and Andretti Green Racing," said Jim Keyes, president and CEO for 7-Eleven, Inc. "They did an exceptional job and we're so proud of Tony getting the championship. On behalf of 7-Eleven employees across the country, we're excited to continue as the title sponsor of Team 7-Eleven and be part of this great American racing tradition. We look forward to a fast start and a strong finish for the 2005 season."
Andretti, who finished his legendary driving career in May of 2003 as a Team 7-Eleven driver, is looking forward to building on what has already proven to be a successful relationship with 7-Eleven.
"When we originally entered the Indy Racing League, our goal was to be a competitive force for a long time and to do that you need continuity in your program," said Andretti, who co- owns Andretti Green Racing with partners Kim Green and Kevin Savoree. "The support and endorsement we're getting from 7-Eleven through this agreement has played a big role in our winning this year's IndyCar Series championship. 7-Eleven has been a great partner over the past two seasons and we look forward to continuing this winning association in 2005."
Kanaan, who heads into Sunday's series finale at Texas Motor Speedway having already clinched the IndyCar Series championship, has posted three wins, 14 top-five and 15 top-10 finishes during the first 15 events of 2004.
"Even with our success this season, we are continuing to build this team," said Kanaan. "Team 7-Eleven goes much further than just me or the crew. It extends to everyone involved with our program, including 7-Eleven's suppliers and vendors, and it was only because of that collective effort that we achieved what we did this year. Now, we need to focus on the future and see how much more we can achieve together."
7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Headquartered in Dallas, Texas, 7-Eleven, Inc. operates or franchises approximately 5,800 7-Eleven(R) stores in the United States and Canada and licenses approximately 20,000 7-Eleven stores in 17 other countries and U.S. territories throughout the world. During 2003, 7-Eleven stores worldwide generated total sales of more than $36 billion. Find out more online at www.7-Eleven.com.