GREG WALLACE ELABORATES ON HIS 2002 RACING PLANS

CLAREMONT, N.C. (March 6, 2002) -- Greg Wallace, 22-year-old son of Rusty and Patti Wallace, plans on running a schedule of up to 20 Late Model Division races during the 2002 season. His first race is scheduled for this Saturday (March 9) at Big Daddy's South Boston Speedway, the three-eighths-mile track near South Boston, Va.
"We're extremely excited about the program we've been able to put together," said the Hampden-Sydney College (Va.) student who will graduate in May with a BA degree in economics. "Right now, we've scheduled seven races through May when I graduate. We're going to be pretty much racing nomads like dad was in his early years. We'll be running at a lot of tracks and this should really give me the opportunity to get a lot of experience on many different race tracks. We're looking at running at South Boston, Southern National, New River Valley, Hickory, Tri-County and over at Newport before the year is over.

"We've hooked up with Dexter Canipe and will be running out of his shop in Claremont," Wallace said of the car owner who claimed the 1997 NASCAR weekly racing series national title as a driver. "Dexter's team is known as Mach 5 Racing. Our car will be black like dad's old Miller Genuine Draft cars. We'll run a number five that's pretty much an inverted version of dad's famous number two. We're thrilled that Action Performance through the Winner's Circle brand of mass-marketed die casts
has joined us as the major sponsor. We're racing a 2001 Monte Carlo that has a Childress chassis. Ronnie Prestwood will be building our engines this season.

"We had the opportunity to get in some practice last Friday at South Boston and really look forward to this Saturday's race. We ran a solid five straight hours and we were all pleased at the end of the session. This program will be a big challenge and I'm really looking forward to venturing out to all of these different race tracks."