Australia's new series Futureracers statement

Statement from Futureracers Pty Ltd Futureracers Pty Ltd have been made aware of a number of mistruths and false information that is being spread through the marketplace about the status of their category and race plans. Futureracers have a...

Statement from Futureracers Pty Ltd

Futureracers Pty Ltd have been made aware of a number of mistruths and false information that is being spread through the marketplace about the status of their category and race plans.

Futureracers have a signed agreement with Ross Palmer and PROCAR Australia Pty Ltd stating that Futureracers will be an official PROCAR Champ Series category in 2004. The first round of the Formula Green Futureracers Series will be on April 16-18 at Oran Park, NSW, culminating in a tremendously exciting event at Australia's leading International Sports/Touring Car event, the Bathurst 24 Hour on November 19-21.

Furthermore, Futureracers are in the process of finalising their Category Management Agreement with CAMS, the AMRC and the AMSC. CAMS have approved the category and have issued the first log books on Futureracers cars.

There have been further mistruths spread about legal injunctions being taken out against Futureracers - these statements are false and misleading, there has been no legal action instigated against Futureracers Pty Ltd by any party, nor is there any basis whatsoever for any legal action against the company.

Sales of Futureracers Racecars have been progressing extremely well, and Futureracers would like to further reassure those who have purchased cars and those who are intending to purchase cars that we are well on the way towards the opening meeting of 2004 and our relationships with our Strategic Alliance partners, in PROCAR Australia Pty Ltd, Formula Green, Team Brock Driving Life and Dragon Financial are stronger than ever.

We look forward to seeing you all at Oran Park on April 16-18, 2004 for the opening round of the Formula Green Futureracers Series.

-Futureracers Pty Ltd

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Series Road racing