CART/KART/BUSINESS: CART and World Karting Association Join Forces

CART/KART/BUSINESS: CART and World Karting Association Join Forces

Post by motorsport.co » Mon, 27 Mar 2000 04:00:00

                HOMESTEAD, Fla. (March 26, 2000) - Championship Auto
Racing Teams announced today a partnership with the World Karting
Association (WKA) to provide racing opportunities for young American
drivers.

                "Partnering with the WKA sends a positive message to the
motorsports community that CART is taking a major step to promote the
development of young drivers," said Patrick Leahy, Senior Vice President
of Marketing for CART. "By acquiring the Dayton Indy Lights and Toyota
Atlantic Championships two years ago, CART began the establishment of a
'ladder system' of driver development. We see this partnership as
essential to the creation of another rung on that ladder."

                The partnership includes a scholarship program, "Kart to
CART," as well as a series of performance awards.

                The "Kart to CART" scholarship will be awarded to two
junior class participants in the WKA Constructor's Series -- one male and
one female -- at the conclusion of the 2000 season. Each will receive a
$5,000 scholarship to the Skip Barber Racing School.

                Applicants for the "Kart to CART" scholarship will be
judged on their performance on the track and in their studies.

                CART also will sponsor the "CART Fastest Lap Award"
performance award at four WKA Constructor's Series events. The award will
be presented to the drivers who record the fastest lap during each race in
two junior classes and two senior classes. A total of 16 performance
awards will be presented throughout the season.

                "Open-wheel motorsports has needed a defined 'ladder
system' for sometime now," said World Karting Association President Randy
Kugler. "WKA, along with our newly appointed marketing communications
firm, Cotter Group, will work with CART to establish such a system.  It's
a natural partnership that will strengthen both organizations and provide
new opportunities for young American drivers."

                WKA is a member-owned corporation founded in 1971 to
regulate and promote the family sport of competitive kart racing and
provide a safe and fair environment for the fulfillment of racing dreams.  
Learn more information about the WKA at www.worldkarting.com.

                Championship Auto Racing Teams, Inc. (NYSE: MPH) owns,
operates and markets the FedEx Championship Series, which is comprised of
20 races in five countries on four continents in 2000. Champions Juan
Montoya, Michael Andretti and Jimmy Vasser are among the drivers who
battle for the series title on oval circuits as well as temporary and
permanent road courses. CART also owns and operates its top two
development series -the Dayton Indy Lights Championship and the Toyota
Atlantic Championship. Learn more about CART's open-wheel racing series at
www.cart.com.

-CART-