NASCAR and Grand-Am To Race at Circuit Gilles Villeneuve in 2007
October 02 2006 - 6:00PM
PR Newswire (US)
MONTREAL, Oct. 2 /PRNewswire-FirstCall/ -- Groupe motorise
international (s.e.c.) ("GMI") and International Speedway
Corporation (NASDAQ:ISCA) (OTC:ISCB) (BULLETIN BOARD: ISCB) ("ISC")
are pleased to announce today they have entered into a limited
partnership to organize, promote and hold certain events at Circuit
Gilles Villeneuve. A race weekend is scheduled for the first
weekend of August 2007, featuring thrilling competition from the
NASCAR Busch Series and Grand American Rolex Sports Car Series
presented by Crown Royal Special Reserve. "Our group is pleased to
announce that it has concluded a partnership with one of the
world's most successful motorsports entertainment companies, ISC.
This venture will enable us to bring to our hometown the NASCAR
Busch Series, along with the Grand-Am Rolex Series and the cars
driven in one the most prestigious races on earth, the Rolex 24 at
Daytona," said Martin Spalding, General Manager of GMI, at a press
conference today in Montreal. "Not only are we fully confident that
the numerous fans of NASCAR racing in Quebec and Canada will come
witness exciting racing on a legendary course such as Circuit
Gilles Villeneuve, we are expecting that a large number of American
fans will want to try Montreal and experience its unique way of
entertaining visitors." The 2007 race weekend is a great addition
to the motorsports calendar, and marks the return of competition in
a top NASCAR racing series to Canada, as well as the debut of
Grand-Am Rolex Series sports car racing at the world renowned
facility located in the heart of Montreal. "Complementing our
strategy of positioning our events in key markets, today's
announcement is significant for ISC as we are expanding our
presence for the first time outside the United States," commented
John R. Saunders, Executive Vice President of ISC. "We are
especially pleased to partner with GMI in this endeavor, and will
work closely with them to help build the race weekend into a
significant long-term success." Fans can register immediately for
tickets for the Saturday, August 4 NASCAR Busch Series event and
Friday, August 3 Grand-Am Rolex Series race by calling (514)
397-0007 or visiting http://www.circuitgillesvilleneuve.ca/. GMI,
based in Montreal, is Canada's most important motorsports events
promoter. Under the leadership of Normand Legault, President and
CEO, the group successfully promotes the F1 Canadian Grand Prix,
which regularly attracts over 300,000 spectators and generates an
annual economic fall-out estimated at $80 million (CDN) for
Montreal's business community. ISC is a leading promoter of
motorsports activities in the United States, currently promoting
more than 100 racing events annually as well as numerous other
motorsports-related activities. ISC owns and/or operates 11 of the
nation's major motorsports entertainment facilities, including
Daytona International Speedway (home of the Daytona 500). ISC also
owns and operates, as well as has indirect equity interests in, a
number of other motorsports- related businesses. For more
information, visit ISC's Web site at
http://www.iscmotorsports.com/. Statements made in this release
that express ISC's or its management's beliefs or expectations and
which are not historical facts or which are applied prospectively
are forward-looking statements. It is important to note that ISC's
actual results could differ materially from those contained in or
implied by such forward-looking statements. These results could be
impacted by risk factors, including, but not limited to, weather
surrounding racing events, government regulations, economic
conditions, consumer and corporate spending, military actions, air
travel and national or local catastrophic events. Additional
information concerning factors that could cause actual results to
differ materially from those in the forward-looking statements is
contained from time to time in ISC's Security Exchange Commission
("SEC") filings including, but not limited to, the 10-K and
subsequent 10-Qs. Copies of those filings are available from ISC
and the SEC. ISC undertakes no obligation to release publicly any
revisions to these forward-looking statements that may be needed to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events. The inclusion of any
statement in this release does not constitute an admission by ISC
or any other person that the events or circumstances described in
such statement are material. DATASOURCE: International Speedway
Corporation CONTACT: Media and investors, Normand Prieur of GMI,
+1-514-982-0833; or Wes Harris of ISC, +1-386-947-6465 Web site:
http://www.iscmotorsports.com/
http://www.circuitgillesvilleneuve.ca/
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