Tim Beverley and McIlhenny Come to Agreement for Remained of 1998

Makers Of TABASCO® Brand Pepper Sauce Finalize Season For The No. 35 TABASCO® Pontiac Grand Prix October 30, 1998 (AVERY ISLAND, La.) -- McIlhenny Company, makers of TABASCO® brand Pepper Sauce, announced today they have come to an ...

Makers Of TABASCO® Brand Pepper Sauce Finalize Season For The No. 35 TABASCO® Pontiac Grand Prix

October 30, 1998 (AVERY ISLAND, La.) -- McIlhenny Company, makers of TABASCO® brand Pepper Sauce, announced today they have come to an amicable agreement with Tim Beverley and ISM Racing Corp. to complete the 1998 Winston Cup season. Darrell Waltrip will remain as the driver of the No. 35 TABASCO® Pontiac for the final two races of 1998.

"McIlhenny Company made a major commitment to NASCAR Winston Cup racing in 1997 for the 1998 season and we have exhausted every effort to ensure the success of our marketing efforts in the sport," said Paul McIlhenny, president and chief operating officer for McIlhenny Company. "Since entering the sport of NASCAR, we have developed a connection with the NASCAR fan that is invaluable to the TABASCO® brand.

"We feel honored to be a part of the family of NASCAR, and are pleased we have come to this agreement. We can look forward to a successful conclusion to 1998. Darrell Waltrip has been a great addition to the TEAM TABASCO® family. He is a legend in the sport, an excellent spokesperson and he has done an outstanding job representing the TABASCO® brand."

"Everyone involved with our racing program has worked overtime to bring success to TEAM TABASCO®," said Tim Beverley, co-owner of ISM Racing Corp. "We intend to continue to do the best job possible for TEAM TABASCO® for the remainder of the 1998 season."

McIlhenny Company has put together a fully-integrated marketing program as part of their interest in NASCAR Winston Cup Racing. In addition to being the first company to sign on as an official sponsor of the 50th Anniversary of NASCAR, McIlhenny Company has executed quarterly promotional programs at the retail and food service levels. McIlhenny Company's fourth quarter promotion concludes November 8, 1998, with a co-marketing program with Pontiac in which a consumer will win a Richmond International Raceway Pontiac Grand Prix pace car.

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Series NASCAR Cup
Drivers Darrell Waltrip