| The world of motor sports has already been a part | | | | consequently affected this year’s NEXTEL Cup |
| of most car enthusiast’s life. The latest race cars | | | | race attendance. |
| and aftermarket auto parts such as BM shifters, and | | | | Also, Bristol Motor Speedway again hosted an “all |
| the well known motor sports companies are | | | | tickets sold out” at its NASCAR Food City 500 |
| significant to them. | | | | NEXTEL Cup Series. At its Sharpie Mini 300 Busch |
| Speedway Motor Sports, Inc. (SMI), one of the | | | | Series, Bristol Motor Speedway also hosted near |
| famous companies in the motor sports industry, | | | | record crowds. |
| recently announced their 2007 first quarter net | | | | Moreover, the highlights of 2007 first quarter also |
| income that amounted to $31.9 million from last | | | | include the company’s stock repurchase program. |
| year’s $32.2 million and the total revenues of | | | | Sixty seven thousand (67,000) shares of common |
| $152.2 million this year from $151.1 million last year. | | | | stock for an estimated $2.6 million were repurchased |
| SMI also propounded its full year 2007 earnings | | | | by the company. |
| guidance of $2.43 to $2.53 per diluted share, with the | | | | Speedway Motor sports executives gave their |
| assumption that current industry and economic | | | | comments on their reported 2007 first quarter |
| trends will continue and its exclusion of 50% share of | | | | results. According to H.A. Wheeler, Chief Operating |
| Motor sports Authentic joint venture operating | | | | Officer and President of Speedway Motor sports, |
| results, capital expenditures exceeding current plans, | | | | their records resemble their sponsorships, luxury suite |
| the impact of further increases in fuel prices, interest | | | | rentals, camping, radio broadcasting, track rentals, and |
| rates, variables in its non-core businesses, geopolitical | | | | strong increases in admissions despite several |
| differences, unsatisfactory weather surrounding | | | | negative factors that affect their company. He |
| events or other inevitable factors. | | | | further said their present net income depicts their |
| SMI also cited the highlights of 2007 first quarter. | | | | business’ strength. He added that SMI’s |
| Included are record levels of corporate marketing and | | | | 2007 season endures to be another outstanding year |
| other event generating revenues for NASCAR racing | | | | due to a line up of upcoming events, sponsorships, |
| events held this period. | | | | and other corporate event related revenues. |
| At its NASCAR UAW-DaimlerChrysler 400 NEXTEL | | | | Speedway Motor Sports Chairman and Chief |
| Cup Series racing event, the Las Vegas Motor | | | | Executive Officer O. Bruton Smith commented they |
| Speedway again sponsored an “all tickets sold | | | | were particularly proud to showcase their sensational |
| out” event. The said host also got the 2nd | | | | and staggeringly successful ‘Neon Garage’ |
| highest attendance at the Sam's Town 300 Busch | | | | and refined super speedway to accommodate huge |
| Series. | | | | crowds at Las Vegas Motor Speedway’s March |
| Atlanta Motor Speedway still hosted huge number of | | | | 2007 NASCAR racing weekend. |
| attendees at its NASCAR Kobalt Tools 500 NEXTEL | | | | Owning and operating 7 premier facilities, Speedway |
| Cup Series and Nicorette 300 Busch Series racing | | | | Motor sport is a leading marketer and promoter of |
| events. This is considered a success despite some | | | | motor sports entertainment in the United States. |
| inevitable factors that happened last year, which | | | | |