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RIVERSIDE MOTORSPORTS PARK AND ALTAMONT RACEWAY PARK STRIKE OPERATING AGREEMENT

Atwater, Calif., December 13, 2005—Riverside Motorsports Park, LLC and Altamont Raceway Park, Inc. announced today that the two companies have entered into a business relationship that provides for Riverside Motorsports Park to lease and operate Altamont Raceway Park’s 1/2- and 1/4-mile oval racing facility for a period of two years. Management of both companies are pleased that the agreement assures that the popular Altamont racing facility will be open for the 2006 racing season. In the very near term, Riverside Motorsports Park will announce the operations management team as well as the process for requesting event reservations. All information will be posted on both www.RMPracing.com and www.altamontraceway.com.

ABOUT RIVERSIDE MOTORSPORTS PARK
With offices in Atwater, Calif., Riverside Motorsports Park LLC is a California corporation dedicated to the development of a world-class motorsports and regional family recreation center in California. The company has proposed the development of a 1,200-acre, eight-venue motorsports park in Merced County.  More information about the development is available on the company’s Web site at www.RMPracing.com.   

ABOUT ALTAMONT RACEWAY PARK
Altamont Raceway Park is located in California’s Alameda County, between Tracy and Livermore. Featuring 1/2- and 1/4-mile paved oval tracks, it has provided venues for various types of racing events, including Modifieds, Midgets, Sprint cars and Late Models. The park opened in 1930, and it was brought into its current configuration in 1963. For more information, see www.altamontraceway.com.


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