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Sep 7, 2001

Synergy Racing Technologies Owner Disputes Press Release Regarding His Team's Demise

<BR>A press release issued by Bert Silos September 6 announcing the retirement of the Synergy Racing Technologies team was incorrect, according to SRT team owner Mathew Spiwak. <BR><BR>"Before (the Formula USA race at) Pocono, he (Bert Silos) and I had it out, and I said, ‘Look, you are no longer with the company,'" Spiwak said Friday, September 7 at Portland International Raceway. "He has some stuff of mine, I have some stuff of his, and we're trying to separate as far as you get back your stuff and I get back mine. But he is really holding onto a lot of animosity and trying to reap the benefits of what Synergy has because he is starting up a new company. So he is gonna try and draw whatever we had here over to his side.<BR><BR>"Synergy Racing Technologies is a dba. I am the sole proprietor. He was just an employee. His press release was more than inappropriate. He's known around the pits as the painter or a guy involved with Synergy, but that's the end of it. For him to put a statement of co-founder, co-this, co-that just turns my stomach. It really upsets me.<BR><BR>"I was talking to a lawyer. He's gonna draw up a letter. In the letter, it's going to state no more press releases from here on out, and if you do it will result in a lawsuit. Bert doesn't have any money. I don't want money. It's not an issue of money. It's an issue of vindictiveness and sending out more statements. <BR><BR>"Synergy Racing Technologies isn't going anywhere. There won't even be a color change. There's no changes. We are Synergy Racing Technologies until we decide to stop racing or manufacturing parts or whatever. We've built a reputation, and we plan to continue our race effort through 2002, 2003, and however long we can take it. <BR><BR>"I want to apologize to our sponsors for the misinformation."<BR><BR>Synergy Racing Technologies is at Portland to compete in the Formula USA round with rider Marc Palazzo on a Honda CBR600F4, in Pro Sportbike, and a CBR929RR, in Unlimited Superbike. <BR><BR>