CSOT: Sponsor announcement

Snapon.com sponsors Champ Car Stars of Tomorrow. kenosha, wis., February 6, 2003 - Committed to helping karting teams pursue excellence in their sport, snapon.com and Champ Car Stars of Tomorrow have announced a three-year relationship, with ...

Snapon.com sponsors Champ Car Stars of Tomorrow.

kenosha, wis., February 6, 2003 - Committed to helping karting teams pursue excellence in their sport, snapon.com and Champ Car Stars of Tomorrow have announced a three-year relationship, with snapon.com sponsoring the Champ Car Stars of Tomorrow racing series through 2005.

"We are pleased to take our sponsorship of the Stars of Tomorrow series to the next level as title sponsor, and we look forward to an extended relationship with the Stars organization," said Carl Johanson, Snap-on manager of motorsports. "The demographic of the racers, technicians and fans in karting provides an ideal way for us to continue to support our existing customers, and to introduce new customers to the quality and value of the Snap-on® brand."

Snapon.com, which also sponsored the Stars of Tomorrow Series in 2002, recognizes the importance of supporting top-level kart racing, and is proud to promote this exciting, fast-growing, family sport.

"This amount of support is unprecedented, and the length of this sponsorship provides stability so that we can focus on taking karting to new heights," said Bryan Herta, Stars founder. "We're very happy to have Snap-on renew its commitment to us over the next three years."

The Champ Car Stars of Tomorrow is the first rung in the development ladder for young racers aspiring to compete at the highest levels of American open wheel racing. This series has been instrumental in the development of CART drivers such as Michael Andretti, Paul Tracy and Bryan Herta. They remain active in the series today and they're joined by legends Mario Andretti and Bobby Rahal. Specifically designed as a driver development series, 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 http://www.cartstars.com.

Snap-on Incorporated (NYSE:SNA) is a leading global innovator, manufacturer and marketer of tool, diagnostic and equipment solutions for professional tool users. Product lines include hand and power tools, diagnostics and shop equipment, tool storage, diagnostics software and other solutions for vehicle-service, industrial, government and agricultural customers, and commercial applications, including construction and electrical. Products are sold through its franchised dealer van, company-direct sales and distributor channels, as well as over the Internet. Founded in 1920, Snap-on is a $2+ billion, S&P 500 company headquartered in Kenosha, Wisconsin, and employs approximately 13,100 people worldwide. Visit Snap-on's Web site at: www.snapon.com.

-snapon-

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Series Kart
Drivers Michael Andretti , Bobby Rahal , Paul Tracy , Bryan Herta , Mario Andretti