Jasper Motorsports statement on Ford termination

Business as usual Jasper Engines and Transmissions Racing Team acknowledges termination of Ford contract and moves on Mooresville, NC -- Jasper Motorsports has acknowledged Ford Racing's option to terminate their contingency contract for running...

Business as usual
Jasper Engines and Transmissions Racing Team acknowledges termination of Ford contract and moves on

Mooresville, NC -- Jasper Motorsports has acknowledged Ford Racing's option to terminate their contingency contract for running a competitors car in the EA Sports 500 at Talladega Superspeedway last week.

Prior to running a Ford competitor's product at Talladega, Mark Harrah, co-owner of Jasper Motorsports, called Greg Specht, manager of Ford Racing Operations. Specht informed Harrah that doing so would be cause for termination of the agreement between Ford and Jasper Motorsports.

"I spoke with Greg, before we even made the decision," said Harrah. "We meant no disrespect to Ford, but our contract was a minor contingency contract.

"The tangibles stated within the Ford contract were not enough to influence our decision," he continued. "We were forced to look out for our sponsor. We took a chance in hopes to run more competitively and it paid off. It was our best finish at a superspeedway since February 2001."

Currently, Jasper Motorsports plans to run the Ford Taurus through the end of the 2003 NASCAR Winston Cup Season. Despite Ford's decision to negate the contract, Jasper Motorsports accepts and respects the resolution as a business decision.

Currently the team is working with Ford to gratify the Termination Clause established in the contract of record that provides 30 days to acknowledge and close out the relationship.

-jm-

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Series NASCAR Cup