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Jul 30, 2001

F-USA Takes Over GPRA Operations And Purse Obligations

This press release just in from F-USA:<BR><BR>FORMULA USA STEPS IN TO TAKE OVER GPRA EVENTS<BR><BR>Aurora, IL (July, 30, 2001) - Formula USA announced today that the road race sanctioning body will take over all operations involved with the 125 Grand Prix and 250 Grand Prix classes that Formula USA has hosted at its CCS and NRRS events in 2001 on behalf of Grand Prix Riders Association (GPRA).<BR><BR>GPRA is unable to continue to provide purses and trophies for the remaining events due to non-payment of funds to them by their primary sponsor. While continuing to license riders, process entries and run the events, Formula<BR>USA will now take over paying the riders the event purses and issuing trophies to the riders.<BR><BR>"With GPRA's loss of funding by their primary sponsor, it was important for Formula USA to continue to support the 125 Grand Prix and 250 Grand Prix events that we began hosting with GPRA this season. The riders deserve to be able to continue to race for their championships and to feel confident that the support will be there from Formula USA.", said Bill Syfan, Director of Road Racing for Formula USA.<BR><BR>With the change will come a change in entry fees and purse payouts. Entry fees for both classes will now be $75 per event, and any GPRA, Formula USA or CCS license will be accepted. The purse for both the 125 GP and 250 GP classes will remain at $1000, although the payout will change as follows:<BR>1st - $350<BR>2nd - $250<BR>3rd - $175<BR>4th - $125<BR>5th - $100<BR><BR>Remaining events on the schedule include the Formula USA NRRS events at Pocono Raceway on August 23-26, Portland Int'l Raceway on September 6-9, and Daytona Int'l Speedway on October 18-21.<BR><BR>For more information, contact Formula USA at (817) 332-4822 or visit www.formulausa.com<BR>;