CSOT: Presenting sponsor announced

RACER magazine to be Presenting Sponsor of Stars of Tomorrow. TUSTIN, CA (April 15, 2003) -- RACER magazine, America's premier motorsports publication, announced today their commitment as Presenting Sponsor for the Snap-on.com Champ Car Stars of...

RACER magazine to be Presenting Sponsor of Stars of Tomorrow.

TUSTIN, CA (April 15, 2003) -- RACER magazine, America's premier motorsports publication, announced today their commitment as Presenting Sponsor for the Snap-on.com Champ Car Stars of Tomorrow karting series. This new relationship further establishes RACER's predominance in covering all aspects of major-league motorsports by supporting the only U.S. kart racing series with a direct step to auto racing.

"This sponsorship underscores RACER's commitment to developing young racing talent," said RACER publisher Ian Havard. "Stars of Tomorrow is an important part of a healthy motorsports landscape and they are taking the steps to grow and deliver new generations of exceptional racing drivers."

As a part of this new arrangement, Stars news, features, and event coverage will become a significant component in RACER's growing commitment to all forms of karting.

"RACER has established an excellent reputation for supporting the motorsports series that develop new drivers as well as the drivers themselves," said Stars principal Bobby Rahal. "Our competitors in Stars of Tomorrow should anticipate first-class coverage of their exploits in the manner in which we have all come to expect from RACER."

The magazine will also present a "Karter of the Year" award at its annual awards ceremony picked exclusively from the Stars of Tomorrow crop of drivers.

RACER is America's premier motorsports publication and the largest circulation general-interest motorsports monthly in the U.S. The editorial diversity of RACER covers all aspects of major-league motorsports -- NASCAR, CART, IRL, Formula 1, NHRA, SCCA, PSCR -- with first-class reportage framed by extensive use of superb full- color photography and technical illustrations.

Feature-length articles provide in-depth perspective through extensive interviews, analyses and commentary. Each month the In Focus section presents detailed photos and a technical description of important race cars. Stories are augmented by news of the latest racing developments, along with an easy-reading summary of important race results and a complete day-by-day listing of all live and taped television motorsports events for the month.

The Snapon.com Champ Car Stars of Tomorrow presented by RACER karting series is the official first level in Champ Car's driver development system and an officially sanctioned series of WKA/SCCA Pro Racing. Founded by racing star Bryan Herta and now owned in conjunction with a group of racing veterans, including three-time CART champion and Indy 500 winner Bobby Rahal, the Stars of Tomorrow serves as the first step for the Champ Car driver development ladder. Stars focuses on recognizing the skills of the drivers rather than the technology development within the machines, using FIA/CIK International standards. More information can be found at www.cartstars.com.

Snap-on Incorporated is a leading global developer, manufacturer and marketer of tool and equipment solutions for professional tool users. Product lines include hand tools, power tools, automotive diagnostics and shop equipment, tool storage products, automotive diagnostics software and other solutions for the transportation service, industrial, government, education, agricultural, and other commercial applications, including construction and electrical. Products are sold through its franchise dealer van, company direct sales and distributor and internet channels. Founded in 1920, Snap-on is a $2+ billion, S&P 500 company headquartered in Kenosha, Wisconsin and employs approximately 14,000 worldwide. More information can be found at www.snap-on.com.

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Series Kart
Drivers Bobby Rahal , Bryan Herta