Speedway Motorsports Reports First Quarter 2009 Results and Reaffirms Full Year 2009 Guidance

Business Wire, May 06, 2009

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“While our first quarter results reflect that challenging economic conditions continue, we remain confident that SMI’s business model continues to provide us with greater resilience than most other industries,” stated Marcus G. Smith, Chief Operating Officer and President of Speedway Motorsports. “SMI’s long-term outlook remains strong. We believe our current initiatives for enhancing revenues and cost containment are well-positioning SMI for long-term growth when economic conditions inevitably improve. It is worth repeating that many of our NASCAR Sprint Cup, Nationwide and Camping World Truck event sponsorships are already sold for 2009 and later years. These corporate marketing arrangements, along with NASCAR broadcasting and other multi-year committed uses of our speedway facilities, provide SMI with significant contracted revenue and cash flow streams for 2009 and beyond.

“The celebration continues around Lowe’s Motor Speedway hosting the ‘50th’ running of its NASCAR Coca-Cola 600 Sprint Cup Series racing event on Sunday, May 24th, over Memorial Day weekend, with many special celebrations and festivities planned. Also, we were very pleased to host the overwhelmingly successful “Pinks All Out” racing event at our revolutionary, unique four-lane zMAX Dragway in April.”

Bruton Smith, Chairman and Chief Executive Officer of Speedway Motorsports stated, “We are extremely excited about showcasing our first ARCA RE/MAX Series racing event on May 9th, and NASCAR Nationwide Series racing event on June 13th, at SMI’s newly purchased Kentucky Speedway. SMI plans to make many ‘fan-friendly’ facility improvements in multiple phases, including creating new infield camping areas, expanded parking, improved access roads, along with new concession, camping, restroom and other fan amenities. We continue working with Kentucky state lawmakers on possible tax incentives to facilitate expansion and improvement, and intend to realign a Sprint Cup Series event to our Kentucky Speedway at the earliest opportunity. We look forward to creating a first-class facility and conducting exciting racing for this very desirable market area.

“We believe investing in first-class, fan-friendly facilities and premium markets well-positions SMI for future growth. Once economic conditions improve, SMI’s highly attractive venues, combined with the prospects of ongoing improvements in the motorsports industry and merchandising, provide broadcasters, sponsors and other corporate partners with outstanding long-term marketing opportunities.”

Speedway Motorsports is a leading marketer and promoter of motorsports entertainment in the United States. The Company, through its subsidiaries, owns and operates the following premier facilities: Atlanta Motor Speedway, Bristol Motor Speedway, Infineon Raceway, Kentucky Speedway, Las Vegas Motor Speedway, Lowe's Motor Speedway, New Hampshire Motor Speedway and Texas Motor Speedway. The Company provides souvenir merchandising services through its SMI Properties subsidiaries; manufactures and distributes smaller-scale, modified racing cars and parts through its 600 Racing subsidiary; and produces and broadcasts syndicated motorsports programming to radio stations nationwide through its Performance Racing Network subsidiary. The Company also equally-owns Motorsports Authentics, a joint venture formed with International Speedway Corporation to produce, market and sell licensed motorsports merchandise. For more information, visit the Company's website at www.speedwaymotorsports.com.