No Problem Raceway (NPR) has entered into a purchase agreement with U.S. Racing Club, Inc. (USRC) wherein which NPR will sell a portion of the road course and supporting acreage that will allow USRC to develop up to 100 acres for exclusive use by their road racing members.

Under the terms and conditions as agreed upon, NPR will continue to own and operate the drag strip, but will make the existing road course available to USRC and other groups on selected weekends until the new development is complete.

USRC intends to add a two-mile extension to the existing road course that will allow their members unrestricted access, even during drag racing events. USRC also plans to build a members-only clubhouse and construct condo units available to members.

The land for the new construction and buildings is located on the northern side of the drag strip, which will not interfere with drag race activities. Exact details and drawings will be made public as they come available.

This agreement will allow NPR to focus all of our efforts into drag racing operations. Construction for the expansion of the road course is expected to begin in 2009.

Pat,
Just a question about the road course sale. I know during large events at the track(i.e Sportsnational and Divisional race) portions of the road course area is used for pit parking. Will this sale reduce your available pit space?

Gary,

Parking has not been a problem since we added the three acres behind the tower. Also, while we would continue to own all of the land on the right side of the drag strip, I am confident that if we need overflow parking, it would not be a problem. Same goes for the road racing guys druing their big events, they will need help from us with parking. One hand needs to wash the other.

Pat