Mobil 1 Launches Scholarship Program for NASCAR Technical Institute Students

Business Wire, Nov 4, 2003

Business Editors/Automotive Writers

FAIRFAX, Va.--(BUSINESS WIRE)--Nov. 4, 2003

ExxonMobil today announced the creation of six Mobil 1 Scholarships to be awarded to students enrolled at the NASCAR Technical Institute (NTI) in Mooresville, N.C. The Mobil 1 Scholarships will provide $5,000 scholarships to help selected students pursue their automotive technician career goals.

The NASCAR Technical Institute is the exclusive educational partner of NASCAR and is the country's first technical training school to combine a complete automotive technology program and a NASCAR-specific motorsports program.

"As the world's leading synthetic motor oil, and as the 'Official Motor Oil of NASCAR'," Mobil 1(R) is proud to support future automotive technicians who are integral to providing expert preventative maintenance and lubrication advice, both to professional race car drivers and to everyday car owners," said Marni Mirowitz, automotive marketing manager, ExxonMobil Lubricants & Specialties. "It's only natural that we support the sport's future technicians. Many of these men and women will go into the auto industry, taking care of highly sophisticated street cars and some of the high-tech machines racing in some of the most demanding motorsports conditions in the world."

To be eligible for a Mobil 1 Scholarship students must:

-- be an enrolled NTI student in good standing,

-- have completed nine of the 19 training modules at the NASCAR

Technical Institute,

-- submit a 200-word essay explaining his/her automotive work

experience, automotive related career goals and desire to

enter into the automotive aftermarket industry, and

-- must have a 3.0 or better grade point average.

The final decision as to scholarship recipients is the determination of the Universal Technical Institute faculty and Scholarship Selection Board. All requirements for the Mobil 1 Scholarships can be obtained from the NTI Student Services office.

The Mobil 1 Scholarships were developed in conjunction with NASCAR to address the shortage of automotive technicians. The Institute is located in Mooresville, N.C., better known as Race City USA, where nearly 75 percent of NASCAR teams are based.

Additional information about Mobil 1 and other ExxonMobil lubricants can be found on the Internet at www.exxonmobil.com.

Mobil 1 and ExxonMobil are trademarks of Exxon Mobil Corporation or one of its subsidiaries.