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Sep 4, 2001

Independent Consultants Say Rausch Creek Concept Is Viable

From a press release issued by C.H. Johnson Consulting, Inc., a company which bills itself as being "Experts In Convention, Sport and Real Estate Consulting":<BR><BR>C.H. Johnson Consulting Completes Review of Rausch Creek Motorsports Club<BR><BR>Adaptive Reuse of Former Coal Mining Site in Pennsylvania Features Alan Wilson Designed Roadcourse<BR><BR>CHICAGO, August 31, 2001 — C.H. Johnson Consulting, a leader in convention, sport, and real estate consulting, today announced the completion of a market and financial review of an $8 million motorsports facility being developed 40 miles northeast of Harrisburg in Tremont, Pennsylvania by Rausch Creek Motorsports, L.P. Situated on 1,268-acres of mountainous terrain, Rausch Creek Motorsports Park is being developed as a diversified high performance, educational, and recreational driving venue with race-ready tracks, race-quality facilities, and premium recreational driving capacity.<BR><BR>The centerpiece of the park will be the Wilson Motorsports designed 2.31-mile road course, which capitalizes on the mountainous topography to offer more than 300 feet in elevation changes. When completed, the course will meet the safety and design standards of several officiating bodies including the Sports Car Club of America (SCCA) and American Motorcyclist Association (AMA), making it eligible to host more than half a dozen auto and motorcycle racing series.<BR><BR>In addition to professional racing events, RCMP will also host driving schools and sell memberships that provide access to the road course for amateur users. Membership will be required for the privilege of using the road course on the 70 days a year set aside expressly for member use. Full and associate memberships will be available. Full membership is available only to individuals. Associate membership is available to clubs and corporate entities that join RCMP as a group. The RCMP is also contains 600-acre motocross and all terrain vehicle park and camping facilities. Future development plans call for a 1.77-mile road course, a go-kart track, and several member and spectator amenities such as a restaurant and lounge area, VIP club, and pro-shop. There is also additional land available for a hotel and golf course development.<BR><BR>Johnson Consulting was engaged to complete the independent feasibility of RCMP by Rausch Creek Motorsports, L.P.<BR><BR>"It is important for our development team to have thorough and accurate analysis of the market and financial potential for this innovative concept in motorsports--and the credentials and industry specific expertise of Johnson Consulting made them the perfect entity for this challenging engagement," said Ronald Lickman, Chairman of the Board for Rausch Creek Motorsports, L.P.<BR><BR>"This is an important study in determining the market for motorsports facilities that offer<BR>a membership platform as a supplement to professional racing events," stated Charlie Johnson, President of the C.H. Johnson. "Our analysis indicates the demand for track time in the Northeast and Mid-Atlantic regions provides strong revenue potential for this facility."<BR><BR>About C.H. Johnson Consulting: C.H. Johnson Consulting is an international real estate<BR>consulting firm with expertise in sports facilities and other real estate land uses, such as hotels, office, retail, and entertainment developments. Johnson Consulting performs market and feasibility studies, develops business plans, conducts organizational audits, performs tax analyses, and writes and manages requests for developer proposals on behalf of public agencies. Johnson Consulting's clients include state and local government agencies, sports franchise owners and teams, real estate developers,<BR>universities, entertainment facilities, lenders, and investment bankers.
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