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©2000 SpeedCenter Publishing Championship Auto Racing Teams announced today that PPG Industries, a CART sponsor since 1980, will remain the "Official Automotive Paint and Refinishing Supplier," of CART. The agreement was announced by CART Executive Vice President and CFO Randy Dzierzawski. CART's agreement with PPG covers not only the FedEx Championship Series but also the CART Dayton Indy Lights Championship and the CART Toyota Atlantic Championship. "We are pleased to be able to continue our relationship with PPG," said Dzierzawski. "They are a longtime supporter of CART and Champ Car racing and it's good to have them on board with this program." Financial terms of the two-year agreement, with an option for an additional six years, were not released but as part of the arrangement, PPG will provide the assets of its Pace Car program to CART. "The Pace Car program has long been a favorite with attendees of our races," said Dzierzawski. "We are talking with a number of potential sponsors and hope to be able to feature a Pace Car program during our 2000 season." PPG's commitment includes providing paint for use on race cars in the three CART series. Also, each participant in CART racing will be eligible to win the annual PPG Color and Design Award. The winner of the award in the FedEx Championship Series will receive $10,000 while the Dayton Indy Lights Championship award winner will receive $5,000. The Toyota Atlantic Championship winner will receive $2,500. "PPG has always been at the cornerstone of Champ Car racing. The pageantry of the sport is in part due to the world-class paint and refinish products PPG has provided to our teams," said John Rowady, General Manager of ISL USA. "We are delighted we were able to work out this agreement." ISL United States, a part of the ISMM Group, is the world's leading independent sports event media & marketing group, marketing on behalf of international sports federations and other governing bodies on an exclusive worldwide basis. ISL's major business partners include the International Federation of Football Associations (FIFA), Championship Auto Racing Teams (CART), the Association of Tennis Professionals (ATP Tour Inc.) and others. Championship Auto Racing Teams, Inc. (NYSE:MPH) owns, operates and markets the FedEx Championship Series. Champions Juan Montoya, Michael Andretti and Jimmy Vasser are among the drivers who battle for the FedEx Championship Series title on oval circuits as well as temporary and permanent road courses. CART also owns and operates its top two development series, the Dayton Indy Lights Championship and the Toyota Atlantic Championship. Learn more about CART's open-wheel racing series at www.cart.com .
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