International Speedway Initiates 2004 Financial Guidance DAYTONA BEACH, Fla., Dec. 18 /PRNewswire-FirstCall/ -- International Speedway Corporation (BULLETIN BOARD: ISCB) ("ISC") today initiated financial guidance for the fiscal year ending November 30, 2004. Overview: For the twelve months ending November 30, 2004, the Company anticipates total revenues to range between $615 and $635 million, and earnings to range between $2.30 and $2.38 per diluted share. Revenues and Earnings per Share: Quarter Quarter Quarter Quarter Year Ending Ending Ending Ending Ending 02/29/04 05/31/04 08/31/04 11/30/04 11/30/04 Total Revenues (in millions) $140-$145 $125-$130 $145-$150 $205-$210 $615-$635 Diluted Earnings per Share $0.51-$0.53 $0.31-$0.33 $0.57-$0.59 $0.91-$0.93 $2.30-$2.38 Operating Income Margin: The Company currently anticipates its Operating Income margin will be between 35% and 36% of total revenues for the full year, with the four quarters ranging from a low of approximately 26% to a high of approximately 40% of total revenues. Conference Call Scheduled: The management of ISC will host a conference call today with investors at 9:00 a.m. Eastern Time, which may also be accessed via the Internet at the Company's Web site, http://www.iscmotorsports.com/, under the "Investor Relations" section. International Speedway Corporation is a leading promoter of motorsports activities in the United States, currently promoting more than 100 events annually. The Company owns and/or operates 12 of the nation's major motorsports 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; Homestead-Miami Speedway in Florida; North Carolina Speedway in Rockingham; Darlington Raceway in South Carolina; Watkins Glen International in New York; and Nazareth Speedway in Pennsylvania. Other track interests include an indirect 37.5% interest in Raceway Associates, LLC, which owns and operates Chicagoland Speedway and Route 66 Raceway near Chicago, Illinois. 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." 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, Director of Investor Relations, International Speedway Corporation, +1-386-947-6465 Web site: http://www.iscmotorsports.com/

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