Message #20 From:
NewsBot Date: September 27, 2006 05:00:00 AM
DMSP News DIRT MotorSports Moves Headquarters to North Carolina
CHARLOTTE, N.C.--(BUSINESS WIRE)--North Carolina Governor Michael Easley announced today DIRT MotorSports,
Inc. (OTCBB: DMSP), the premier sanctioning body and promoter of
professional dirt track racing in the United States, is relocating its
corporate and operational headquarters to North Carolina during the
fourth quarter of 2006.
Featuring national major touring series, the World of Outlaws Sprint Car
Series, the World of Outlaws Late Model Series and the Advance Auto
Parts Super DIRT Series, DIRT MotorSports has more than 30 years of
history behind it and is the only national sanctioning body of Sprint
Cars, Late Models and Modifieds. Additionally, DIRT MotorSports operates
two weekly sanctioning groups, four regional series, seven race track
facilities and a media production company.
With 30 million loyal dirt track racing fans around the world, the
future continues to be bright as the company moves its headquarters to
the heart of the auto racing industry in Concord, N.C.
“The motor sports industry calls North
Carolina home so it’s only appropriate that
the largest dirt track racing organization in the world makes its home
there, too,” said DIRT MotorSports President
and CEO Tom Deery. “Governor Easley and the
state of North Carolina have demonstrated the importance of economic
development for the state and have made our decision on North Carolina
very easy. The entire staff, as well as the Regional Partnership and the
local EDCs have gone out of their way to attract leading motor sports
organizations.”
In 2004, a group of investors recognized the potential and acquired the
World of Outlaws and the DIRT Modified touring series in addition to the
UMP weekly sanctioning body. DIRT has since become one of only four
publicly traded companies in the motor sports industry.
The following year, DIRT purchased seven dirt track properties and in
2006 named the highly respected Deery, who has been part of the motor
sports industry all his life, as President and CEO, completing a
management team with a broad knowledge of motor sports.
By consolidating a billion dollar industry, DIRT MotorSports has created
several partnerships among leagues, properties and media, including
powerful outlets such as ESPN and SPEED. They all are key to the more
than 150 national events sanctioned by DIRT as well as the 3,000 annual
events run weekly at DIRT-owned tracks or under a DIRT-owned sanctioning
body.
About DIRT MotorSports(TM)
DIRT MotorSports(TM), Inc. is the premier dirt racing and sports
entertainment company dedicated to the promotion of competitive dirt
track racing. DIRT MotorSports is the largest sanctioning body for
sprint car, late model and modified dirt track auto racing in the United
States and also owns and operates seven dirt tracks. DIRT MotorSports
operates the industry’s most prominent
national touring series, including the World of Outlaws Sprint Car
Series(R) currently broadcast on The Outdoor Channel(R) (Nasdaq: OUTD);
the World of Outlaws Late Model Series(R) currently broadcast on SPEED(R)
and the DIRT Big Block Modified Series(TM) currently broadcast by Time
Warner. “World of Outlaws”
is a registered trademark of DIRT MotorSports.
