ISC Mourns The Passing of Chairman Bill France
June 04 2007 - 5:24PM
PR Newswire (US)
-ISC CEO Jim France Assumes Role of Chairman- DAYTONA BEACH, Fla.,
June 4 /PRNewswire-FirstCall/ -- International Speedway Corporation
(Nasdaq Global Select Market: ISCA) (OTC:ISCB) (BULLETIN BOARD:
ISCB) ("ISC") announced today that William ("Bill") C. France, 74,
ISC's Chairman, passed away this afternoon in Daytona Beach,
Florida. Funeral arrangements are pending. Effective immediately,
ISC Chief Executive Officer James ("Jim") C. France will assume the
role of Chairman. "For over four decades, Bill stood at the helm of
a growing national phenomenon," said Jim France. "He successfully
guided the sport into the American mainstream and elevated NASCAR
racing to the pinnacle of motorsports. Bill was an extraordinary
steward of the sport our father, 'Big' Bill France, founded over 60
years ago, and he led ISC on its tremendous path of success since
taking the helm as Chief Executive Officer in 1981. "Bill led the
Company's extraordinary growth during his tenure," France
continued. "In addition, he also established a strong foundation
for the continued success of the company. He instilled into ISC's
culture the insight, vision and leadership necessary for the
company to continue building upon his accomplishments well into the
future. Our strong management team remains in place, complemented
by a fully committed Board of Directors, and we remain intently
focused on successfully leading the Company into the future." "My
father will be sorely missed, not only by our family, but by all
the lives he touched over his many years in the sport," said ISC
President Lesa France Kennedy. "From drivers to owners to other
track operators and professionals in the racing world, Bill France
served as a champion for motorsports and his legacy is the renowned
success that NASCAR and ISC have, and will continue to achieve."
Information for memorial considerations will be forthcoming and
made available on http://www.iscmotorsports.com/. International
Speedway Corporation is a leading promoter of motorsports
activities, currently promoting more than 100 racing events
annually as well as numerous other motorsports-related activities.
The Company owns and/or operates 13 of the nation's major
motorsports entertainment facilities, including Daytona
International Speedway in Florida (home of the Daytona 500);
Talladega Superspeedway in Alabama; Michigan International Speedway
located outside Detroit; Richmond International Raceway in
Virginia; California Speedway near Los Angeles; Kansas Speedway in
Kansas City, Kansas; Phoenix International Raceway in Arizona;
Chicagoland Speedway and Route 66 Raceway near Chicago, Illinois;
Homestead-Miami Speedway in Florida; Martinsville Speedway in
Virginia; Darlington Raceway in South Carolina; and Watkins Glen
International in New York. In addition, ISC is a limited partner
with Group Motorise International in the organization and promotion
of certain events at Circuit Gilles Villeneuve in Montreal, Canada.
The Company also owns and operates MRN Radio, the nation's largest
independent sports radio network; DAYTONA USA, the "Ultimate
Motorsports Attraction" in Daytona Beach, Florida, the official
attraction of NASCAR; and subsidiaries which provide catering
services, food and beverage concessions, and produce and market
motorsports-related merchandise under the trade name "Americrown."
In addition, ISC has an indirect 50 percent interest in a business
called Motorsports Authentics, which markets and distributes
motorsports-related merchandise licensed by certain competitors in
NASCAR racing. For more information, visit the Company's Web site
at http://www.iscmotorsports.com/. Statements made in this release
that express the Company's or 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 the Company's actual results could differ materially from
those contained in or implied by such forward-looking statements.
The Company's 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 the Company's
SEC filings including, but not limited to, the 10-K and subsequent
10-Qs. Copies of those filings are available from the Company and
the SEC. The Company 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
International Speedway or any other person that the events or
circumstances described in such statement are material. DATASOURCE:
International Speedway Corporation CONTACT: Wes Harris, Senior
Director, Corporate and Investor Communications for International
Speedway Corporation, +1-386-947-6465 Web site:
http://www.iscmotorsports.com/
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