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Jan 26, 2006

Texas' Liberty Motorsports Park Completes Development Phase, Announces Intent To Host AMA Superbike

Liberty Motorsports Park is pleased to announce the completion of the development phase of the master-planned motorsports facility that will be located in Liberty County, Texas, just 25 miles north of Houston. The most important item completed was the capital procurement process. The LMP management team of Tom Haley and Marcus McBain created an extensively detailed business plan and have involved over 50 investors with capital resources exceeding $50M, which keeps the project on schedule with an expected ground breaking in the spring of 2006.

"I am really excited for everyone in the motorsports community," said Tom Haley, president of the Liberty Motorsports Park development. "Marcus and I started researching and developing this concept back in 2004. After thousands of hours of hard work, it's very rewarding to complete the development phase. We look forward to moving into the construction phase and starting to schedule national, regional, and private events at the facility."

The second significant accomplishment was obtaining the 810-acre tract of land that will contain the Liberty Motorsports Park, located in the beautiful forested areas in Liberty County near the city of Cleveland. The location will provide easy access not only for Houstonians, but also for teams, participants and spectators traveling from around the country by air or by highway.

Another critical task completed during the development phase was the cohesive relationship built with the local city and county officials. The City of Cleveland and Liberty County, Texas are dedicated to working with LMP management to create a welcoming atmosphere that will benefit all parties involved. Every event will be coordinated with the local community to make the event enjoyable not only within the facility itself, but participants and fans will be able to do business with a community that is glad to have them there.

Lastly, providing a world-class track design was a significant goal of LMP management during development, and they have consulted with top racing industry professionals to create a track design that will mitigate safety issues prior to construction. Liberty Motorsports Park will feature a 3.0 mile road course designed with FIM and FIA specifications and 20 turns with track widths of 45 feet on the straights and 40 feet in the turn areas. Participants will embrace the facility for the large amounts of run-off room and soft gravel traps in the turns, and a sensible pit road design that will protect participants from walls and provide low-risk merge areas at both pit-in and pit-out. Equally impressive are the European-styled garages that will be built adjacent to hot-pit road. The 48 garages are part of the 180 marked pit areas in the paddock, and will include 20, 30, or 50-amp service in every pit spot.

"We've accomplished so much, and I feel that we're using a development process that proactively addresses many of the problematic areas for race facilities," said Marcus McBain, vice president of Liberty Motorsports Park. "I believe we'll enjoy a more successful start-up process because of the negotiations and planning techniques we've used. It is the goal of everyone involved in the project to host an AMA Pro Racing event and I believe we have a great opportunity to make this happen."

Other important development items include the finalizing of two months of discussions to bring a world-class promotions and event management team to the facility, as well as the launch of the Liberty Motorsports Park website (www.libertymotorsportspark.com) to provide information about the racing facility and to report news and progress in the coming months.

A special Development Summit is scheduled for Friday February 3rd, 2006 at the Wyndham Hotel in Houston, Texas. This summit will provide a complete overview to the community, the key associates and business development partners, and showcase the last 14 months of work.

For more information, please visit www.libertymotorsportspark.com or call Tom Haley at (832) 640-8253 or Marcus McBain at (713) 304-5509