FASTRAK to be owned by the race teams??????
 
FOR IMMEDIATE RELEASE
Feb 3, 2008 (Headquarters Carnesville GA)
 
To All Media Outlets
 
FASTRAK to be Owned by Race Teams???????
 
The announcement was made at the FASTRAK Racing Series National Points Banquet. Could it really be true that a racing series would actually allow the race teams to participate in OWNERSHIP? Yes the time has come.
 
FASTRAK did announce that 45% of the private stock would be for sell to anyone under contract with the racing series. Members, team owners, weekly tracks, employees and all the sponsors of the series will actually have 'ownership' of what they put their hard earned money into each week. 'I know some people think I am nuts', said Founder Stan Lester. 'Why in the world would we sell any part of something that is 'debt free' and growing tremendously every day? "Well" said Lester "it won't be the first time people thought I was crazy. You should have been around when we started touring with crate engine late models. It's pretty comical now but it didn't seem quite as funny in 2004 when we started. Here's the way I see things. I raced for years and years and we won't talk about how long that really was but a long time. Now if I was a racer or someone affiliated with FASTRAK and I actually owned a piece of it, then I think I would be much more likely to help build it as well. To me that's just good old common sense. Our race teams, sponsors (marketing partners), tracks and regions built this company. Once piece at a time the teams came and supported us. Some left but most have stayed. Our tracks and sponsors were the exact same way. WE built this company together. It was never about me and what I could do. I am just one man but some of these teams caught the vision of what FASTRAK is all about and they deserve to be owners. After all, they helped build it. So why should they not gain from the profits of what they have created"?
 
FASTRAK announced that once the initial offering was sold then the decision would be up to the teams to take it public or not. "It's up to them" said Lester. "Yes I would still own majority of the stock but, they would have major influence in that decision. To me it doesn't matter", said Lester. "If they want to move on with it, then that's what we will do. I am just very proud to have everyone involved with us to become owners as well. That's exciting".
 
After the announcement at the banquet, the phones started ringing. People have been inquiring everyday. So much so, that FASTRAK has started a waiting list and the stock will be issued on a first come first serve basis, according to the ledger sheet in the corporate office.
 
"The programs we currently have in place have been successful" said Lester. "I'm grateful for that. The new programs coming in 2009 should just blow the roof right off this company. I may not be quite as visible as I have been in the past, but I am not retiring by any means. I'll work here until they run me off. I had someone email me just recently and asked if I wanted them to keep contacting me or someone else. Don't quit calling me! Talking with our teams, tracks and sponsors everyday is what keeps me going".
 
RULES FOR OWNERSHIP
 
*Must be under contract to purchase stock.
 
*Members. Weekly sanctioned tracks, Regional licensee's, Employees and Sponsors are all considered 'under contract' and the only people eligible to purchase stock.
 
*Must be in good standing with the series and maintain contractual agreements.
 
 
 
For questions please contact: Doug Gillenwater (678) 935-7304 or cell: (706) 716-5349
 
Stock information: Candice Akins (678) 935-7304
 
FASTRAK office hours: 9:00 - 5:00 EST M-F.
 
www.fastrakracing.com
 
 
 
 
 
Partners of the FASTRAK Racing Series Include Goodyear Racing, GM Performance Parts, Sunoco Race Fuels, Maypole Chevrolet, Duralite Wheels, PPM Racing Products, Heintz Performance, MK-Direct, Braswell Carburetion, Mastersbilt Racing Chassis, TNT Racing Chassis, Rocket Racing Chassis, Modern Chevrolet, Schoenfeld Headers.
 
 
 
*THE FASTRAK DIRT LATE MODEL SERIES is based on the GM crate engine program using both the 602 and 604 engine types. All teams utilize Goodyear Racing Tires as the "spec tire" allowing teams tremendous savings in both engine and tire expense. The National Championship of the FASTRAK RACING SEIRES is one of the largest in the United States totaling over $400,000.00 for the 2007 season and projected to be increased in 2008