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Pit Notes
Issue No. 6 // March 18, 2008
Media Contact: Tip Nunn // Tipnunn@comcast.net // 303.526.0994
Al Larsen // Alan.Larsen@andrettigreenracing.com // 727.824.7223 x222
Andretti Green Promotions Signs Letter of Intent to Purchase Grand Prix of Toronto Assets Andretti Green Promotions, LLC announced today it has signed a letter of intent to purchase the assets of the Grand Prix Association of Toronto Corp.
The letter, which is dated March 14, 2008, runs through a period ending on April 30, 2008. Andretti Green Promotions, the wholly-owned subsidiary of Andretti Green Racing, will begin a process of due diligence immediately to determine if it will proceed to the next step, which would be to enter into a purchase agreement with the Grand Prix Association of Toronto. The terms of the letter of intent will not be disclosed.
The Grand Prix Association of Toronto owns and operates the Grand Prix of Toronto, which has been a mainstay in the North American Indy racing landscape since 1986 and also saw events in 1977 and 1978.
“This is an exciting first step in the process. Having the letter of intent in place allows Andretti Green Promotions a chance to look at all the opportunities that exist in Toronto and evaluate its future,” said Kevin Savoree, managing director of Andretti Green Promotions. “There is a great deal of due diligence to complete and a lot of hours in front of us, but we're looking forward to getting started. Toronto has always been one of the true signature events in Indy racing and we are looking forward to exploring our options there.”
Honda Grand Prix Watch and Win Sweepstakes To Award Limited Edition Honda to Lucky Race Fan One lucky race fan at this year's Honda Grand Prix of St. Petersburg will drive away race weekend in a new 2007 Danica Patrick signature edition Honda Civic SI sedan. Race fans can enter the sweepstakes between now and March 30 at participating 7-Elevens in the St. Petersburg/Tampa area. Entry forms also will be available in the St. Petersburg Times and fans can also enter on Saturday, April 5 at the Honda Grand Prix of St. Petersburg. Four finalists will be selected from all entries and those four finalists will be randomly matched with one of the four Andretti Green Racing IndyCar Series drivers prior to the start of the Sunday, April 6 running of the Honda Indy St. Pete. The finalist whose AGR driver posts the best result in the Honda Indy St. Pete wins the car, and will be presented the keys to the car as part of the post-race ceremonies on the XM Stage.
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