International Speedway Exploring Potential Racetrack Development Near Denver International Airport
13 Fevereiro 2007 - 3:00PM
PR Newswire (US)
DAYTONA BEACH, Fla., Feb. 13 /PRNewswire-FirstCall/ --
International Speedway Corporation (NASDAQ:ISCA) (OTC:ISCB)
(BULLETIN BOARD: ISCB) ("ISC") today announced it is exploring the
possibility of pursuing a public-private partnership to develop a
national-level motorsports entertainment facility in Adams County
near Denver International Airport. Through a wholly-owned
subsidiary, ISC is evaluating 1,300-acre land parcels in Commerce
City and Aurora, and looks forward to working with public entities
to explore the feasibility of a jointly funded motorsports
entertainment facility that could seat approximately 75,000 fans
and bring considerable economic impact to the region. The project
is in a very early evaluation phase and no decisions have been made
regarding the location, the potential cost, or how the
public-private partnership might be structured if the facility were
constructed. In addition, terms of any agreements with respective
land owners are not disclosed. International Speedway Corporation
is a leading promoter of motorsports activities, currently
promoting more than 100 racing events annually as well as numerous
other motorsports-related activities. The Company owns and/or
operates 13 of the nation's major motorsports entertainment
facilities, including Daytona International Speedway in Florida
(home of the Daytona 500); Talladega Superspeedway in Alabama;
Michigan International Speedway located outside Detroit; Richmond
International Raceway in Virginia; California Speedway near Los
Angeles; Kansas Speedway in Kansas City, Kansas; Phoenix
International Raceway in Arizona; Chicagoland Speedway and Route 66
Raceway near Chicago, Illinois; Homestead-Miami Speedway in
Florida; Martinsville Speedway in Virginia; Darlington Raceway in
South Carolina; and Watkins Glen International in New York. In
addition, ISC is a limited partner with Group Motorise
International in the organization and promotion of certain events
at Circuit Gilles Villeneuve in Montreal, Canada. The Company also
owns and operates MRN Radio, the nation's largest independent
sports radio network; DAYTONA USA, the "Ultimate Motorsports
Attraction" in Daytona Beach, Florida, the official attraction of
NASCAR; and subsidiaries which provide catering services, food and
beverage concessions, and produce and market motorsports-related
merchandise under the trade name "Americrown." In addition, ISC has
an indirect 50 percent interest in a business called Motorsports
Authentics, which markets and distributes motorsports-related
merchandise licensed by certain competitors in NASCAR racing. For
more information, visit the Company's Web site at
http://www.iscmotorsports.com/. Statements made in this release
that express the Company's or management's beliefs or expectations
and which are not historical facts or which are applied
prospectively are forward-looking statements. It is important to
note that the Company's actual results could differ materially from
those contained in or implied by such forward-looking statements.
The Company's results could be impacted by risk factors, including,
but not limited to, weather surrounding racing events, government
regulations, economic conditions, consumer and corporate spending,
military actions, air travel and national or local catastrophic
events. Additional information concerning factors that could cause
actual results to differ materially from those in the forward-
looking statements is contained from time to time in the Company's
SEC filings including, but not limited to, the 10-K and subsequent
10-Qs. Copies of those filings are available from the Company and
the SEC. The Company undertakes no obligation to release publicly
any revisions to these forward-looking statements that may be
needed to reflect events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events. The inclusion of
any statement in this release does not constitute an admission by
International Speedway or any other person that the events or
circumstances described in such statement are material. DATASOURCE:
International Speedway Corporation CONTACT: Wes Harris, Senior
Director, Corporate and Investor Communications, +1-386-947-6465
Web site: http://www.iscmotorsports.com/
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