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SALES OF NEW CORPORATE LUXURY SUITES MOVING AT BRISK PACE AT SEARS POINT RACEWAY

Source — SPR Media Relations
Date Posted — August 14, 2001
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SONOMA, Calif. (IMMEDIATE RELEASE) - Construction of the 22 new corporate luxury suites at Sears Point Raceway is right around the corner, but sales are already moving at a brisk pace as more than half of the suites have been purchased for the 2002 racing season.

The luxury suites will be featured along the top of the new 15,000-seat permanent grandstand, which will be built along the west side of the start/finish line. The suites will offer a spectacular view of both road racing and drag racing, as well as a panoramic view of the scenic Sonoma Valley. The suites will be built right above the pits for road racing, offering patrons a unique view of the action.

"The layout and design of these suites is unlike any in the Bay Area with spectacular views of both the track and the surrounding landscape. We're delighted to see such a strong positive response from the corporate community," said Steve Page, president and general manager at Sears Point Raceway.

Each suite will feature an indoor-outdoor design, as well as upgraded furniture, a telephone, a wet bar, padded outdoor seats, air conditioning and private restrooms. Some extra amenities include internet access and a menu of fine Sonoma Valley wines. There are two suite sizes to choose from: one that seats 64 and another that seats 28.

All suites will also feature the proper technology to conduct off-site business meetings, including necessary data lines for transmission.

"This confirms that Sears Point is where corporate business is: on the fast track. These new suites will provide the first-class entertaining and business off-site meeting amenities that today's business executives demand," said Tim Schuldt, Vice President of Sales/Marketing at Sears Point. "It's exciting to be able to deliver these benefits to our current and future corporate partners."

The new corporate luxury suites are part of Sears Point Raceway's $35 million Modernization Plan, which kicked off in September, 2000. Since then, more than 5,000,000 cubic yards of dirt have been moved. The first phase of the plan is already complete, and the second phase began on Aug. 6. Some of the features fans can expect in phase two include: 30,000 hillside terrace seats along Turns 7-9 on the road course; an underground pedestrian tunnel at start/finish line; repaving of the road course and drag strip; and construction of a go-kart track on the south side of the property. The two-phase plan will transform Sears Point Raceway into one of the premier motorsports and entertainment venues in the country.

For more information on the project, which should be nearly complete by June, 2002, please visit www.searspoint.com and click on the CAT Construction Cameras page and the Ghilotti Modernization Archives page.

Sears Point Raceway is owned by Speedway Motorsports Inc (NYSE: TRK)., a leading marketer and promoter of motorsports entertainment in the United States. SMI also owns and operates the following premiere facilities: Atlanta Motor Speedway, Bristol Motor Speedway, Lowe's Motor Speedway, Las Vegas Motor Speedway and Texas Motor Speedway. SMI also provides food, beverage and souvenir merchandising services through its Finish Line Events subsidiary, and manufactures and distributes smaller-scale, modified racing cars through its 600 Racing subsidiary.

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Article posted by RacingWest.com staff on August 14, 2001. http://www.racingwest.com

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