International Speedway Announces Management Promotions and Additional Capital Expenditures - Declares Annual Dividend Of $0.06 Per Share - - Shareholders Re-Elect Four Directors - DAYTONA BEACH, Fla., April 7 /PRNewswire-FirstCall/ -- International Speedway Corporation (BULLETIN BOARD: ISCB) ("ISC") today announced the promotion of several members of senior management. Officer New Position Previous Position John R. Saunders, 47 Executive Vice Senior Vice President and President and Chief Chief Operating Officer Operating Officer Susan G. Schandel, 40 Senior Vice Vice President - President,Chief Administrative Services, Financial Officer and Chief Financial Officer Treasurer and Treasurer W. Garrett Crotty, 40 Senior Vice President, Vice President, Secretary Secretary and General and General Counsel Counsel Paul D. H. Phipps, 57 Vice President and Vice President - Chief Marketing Sales and Marketing Officer Daniel W. Houser, 52 Vice President, Controller, Chief Controller, Chief Accounting Officer Accounting Officer and and Assistant Assistant Treasurer Treasurer Glenn R. Padgett, 53 Vice President, Chief Counsel - Chief Counsel - Operations and Operations, Assistant Secretary Assistant Secretary and Chief Compliance Officer "These promotions reflect the increased responsibility of these individuals within the Company," commented Lesa France Kennedy, President of ISC. "Their commitment and hard work has contributed to the overall success and growth of ISC and further displays the depth and talent of our entire senior management team. I look forward to their continued service to the Company." In addition, ISC announced that its Board of Directors has also approved an additional $48 million for capital projects. Including the $48 million approved today, the Company expects capital expenditures for fiscal year 2004 to be between $130 and $140 million. A substantial majority of this total amount has been allocated to the previously announced infield renovation at Daytona International Speedway and the purchase of additional acreage around ISC's facilities to support future growth. Also included is capital spending for the installation of Steel and Foam Energy Reducing (SAFER) barriers at the Company's facilities. ISC anticipates future capital spending to be in the range of $80 to $90 million per year, with some years being higher or lower depending on the size and timing of specific projects. The Company also announced the declaration of an annual dividend of $0.06 per share, payable on June 30, 2004, to common stockholders of record on May 31, 2004, marking the 31st consecutive year that the Company has paid a dividend to its shareholders. Separately, at the annual meeting of shareholders held this morning, the following members of ISC's Board of Directors were re-elected to a three-year term: Chairman William C. France, 71; William P. Graves, 51; Christy F. Harris, 58; and Gregory W. Penske, 41. 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 thenation'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 theCompany's SEC filings including, but not limited to, the 10-K and subsequent 10-Q's. 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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