Bill Simpson, NASCAR official joint statement

DAYTONA BEACH, Fla. (July 15, 2003) -- The following joint statement is issued by Bill Simpson and NASCAR in connection with Mr. Simpson's voluntary dismissal of his defamation and false light invasion of privacy lawsuit against NASCAR pending in...

DAYTONA BEACH, Fla. (July 15, 2003) -- The following joint statement is issued by Bill Simpson and NASCAR in connection with Mr. Simpson's voluntary dismissal of his defamation and false light invasion of privacy lawsuit against NASCAR pending in the U.S. District Court for the Southern District of Indiana.

"Simpson and NASCAR are happy to announce that they agree that it is in the best interest of racing that they direct their time, energy and resources away from litigation and toward their joint goal of improving safety for professional racing drivers. Any misunderstanding between the parties, and the public, which gave rise to this litigation, can now be put to rest."

NASCAR said it is pleased that Simpson dismissed his lawsuit. NASCAR President Mike Helton said, "We recognize that Bill has contributed significantly to the safety of motorsports for over 43 years, and we are glad the issue has been resolved."

Simpson intends to supply teams and drivers with safety products from his new company.

"I'm looking forward to doing what I do best," Simpson said, "and that's helping drivers and teams be as safe as they can at the track."

This statement is the only consideration for the dismissal and the parties do not intend to discuss this matter further.

-nascar-

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Series NASCAR Cup
Drivers Mike Helton