Speedway Motorsports Named to Forbes Best Small Companies List

Business Wire, Oct 26, 2004

CONCORD, N.C. -- Speedway Motorsports, Inc. (NYSE:TRK), a leading marketer and promoter of motorsports entertainment in the United States, is among the 200 Best Small Companies in America according to an annual ranking by Forbes magazine.

"Every year we're more particular about membership in this elite list," Forbes writers Cecily Fluke and Lesley Kump said about the selections. "To qualify, candidates have to show a consistent pattern of positive growth during a five-year period, as well as over the last 12 months."

The annual feature, which appears in the Nov. 1 issue of the prestigious magazine, includes companies with revenues from $5 million to $750 million (small by Forbes standards), net profits greater than 5 percent and share prices above $5 as of Oct. 1.

Speedway Motorsports became the first company in motorsports history to go public on the New York Stock Exchange in 1995.

In addition, the Company announced it has completed the exchange of all outstanding unregistered 6 3/4% Senior Subordinated Notes due 2013, that were issued in a private transaction on July 7, for new registered 6 3/4% Senior Subordinated Notes due 2013.

Speedway Motorsports owns and operates the following premiere facilities: Atlanta Motor Speedway, Bristol Motor Speedway, Infineon Raceway, Las Vegas Motor Speedway, Lowe's Motor Speedway and Texas Motor Speedway. The Company provides souvenir merchandising services through its SMI Properties subsidiary, and manufacturers and distributes smaller-scale, modified racing cars through its 600 Racing subsidiary. The Company also owns Performance Racing Network which broadcasts syndicated motorsports programming to over 725 radio stations nationwide.