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