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Cary J. Agajanian, has been appointed to the Company’s Board of Directors. Mr. Agajanian shall serve on the Board until his election at the Company’s meeting of stockholders. Mr. Agajanian literally grew up in the sport of auto racing, with his family running racing teams and racetracks. He now owns Motorsports Management International, a multi-faceted company that is an industry leader in the areas of event representation, corporate consulting, and sponsorship negotiation. For the past 10 years, Mr. Agajanian has served on Motorsports boards such as the Automobile Competition Committee of the United States (ACCUS), the American Motorcyclist Association (AMA, Vice-Chairman), the United States Auto Club (USAC), and the Sports Car Clubs of America (SCCA). Mr. Agajanian’s company has been involved in securing hundreds of sponsorship arrangements and is one of the leading companies in the United States to offer race drivers premium representation services in corporate structures, pension benefits, trusts and estates and contract negotiation. NASCAR NEXTEL Cup champion Tony Stewart, as well as several other leading drivers, has been represented by Motorsports Management International, LLC, and Agajanian also previously represented Jeff Gordon. Mr. Agajanian’s family has entered cars in the Indianapolis 500 beginning in 1948, and he now owns one of the premier teams in NASCAR. | 