Sounds of Race Engines Wanting to Be Heard on Streets of Music City

  
    
  
  
    
      American Racing Capital, Inc. (OTCBB:AMRA) and Joe Mattioli III, senior 
      managing partner of AMRA subsidiary, Motorsports & Entertainment of 
      Tennessee, operators of the Music City Motorplex have announced the 
      proposed running of a ChampCar race in downtown Nashville. A race course 
      has already been designed that would utilize LP Field’s 
      parking lots and surrounding streets. LP Field is home to the Tennessee 
      Titans and the property is under the control of the Nashville Sports 
      Authority. The temporary street circuit would have to be approved soon 
      by the Sports Authority and Metro Government to become a reality for the 
      2009 racing season and beyond. Besides their NFL games, LP Field is used 
      to hosting other big events such as the CMA Music Festival, and the 
      Country Music Marathon. Music City Motorplex President Joe Mattioli, who 
      is helping to spearhead the project, said such an undertaking is a 
      commitment of time and resources familiar to him. His company has 
      provided event management for similar events at Pocono International 
      Raceway and the Grand Prix of Washington D.C. held on the streets and 
      parking lots of RFK Stadium. Mattioli conceded that construction for 
      such a racing event on the streets of Nashville is not insurmountable 
      and that other cities hosting racing events have successfully worked 
      around such distractions. "Consider this, in Las Vegas where they had an 
      event last year on the city streets, were able to do what was needed and 
      kept venues open," Mattioli said. "The major interference is the three 
      days of the event."
    
    
      Bob Koveleski, President of American Racing Capital, said, "Having 
      Nashville host a ChampCar event on a yearly basis could add another 
      feather to the city’s cap. ChampCar races are 
      world-class events which bring people in from all over the globe. Both 
      in-house and independent studies show these people spend lots of money 
      in hotels, restaurants and tourist attractions. It is the equivalent of 
      a SuperBowl and therefore an incredible boost to the local economy." One 
      of the more familiar street races, the Long Beach Grand Prix which is 
      celebrating its 34th year (http://www.gplb.com), 
      is a tremendous catalyst for the local economy, generating more than $30 
      million in direct economic impact and $150 million more in indirect 
      economic impact. The ChampCar series race in the USA, Canada and Europe.
    
    
      About American Racing Capital, Inc.
    
    
      American Racing Capital, Inc. is a company specializing in motorsports 
      and its strategy is to focus on several aspects of this industry. 
      Through its subsidiaries, American Racing Capital, Inc. intends to: 
      Acquire financial interests at several well established auto racing 
      facilities, Establish race management contracts at existing facilities 
      and newly proposed facilities, Engage in the re-design, and development 
      of our wholly owned race tracks, Find and acquire companies to 
      compliment our other holdings. The Company’s 
      business also includes sponsorship activation services, which are highly 
      specialized promotional services in this industry. American Racing 
      Capital, Inc. helps companies develop and build brand reputation using 
      motorsports as revenue-generating opportunities.
    
    
      For more information visit - http://www.americanracingcapital.com
    
    
      This press release contains "forward-looking" statements within the 
      meaning of Section 21A of the Securities Act of 1933, as amended, and 
      Section 21E of the Securities Exchange Act of 1934 as amended, and is 
      subject to the safe harbors created thereby. Such statements involve 
      certain risks and uncertainties associated with an emerging company. 
      Actual results could differ materially from those projected in the 
      forward-looking statements as a result of risk factors discussed in 
      American Racing Capital, Inc.’s reports that 
      will be on file with the US Securities and Exchange Commission.