Collectors Universe Inc. Announces Completion of 3 Million Share Public Offering

The Company will not receive any proceeds from
the sale of shares by the selling stockholders .action-performance. The parties disclaim any duty to
publicly update or revise any forward-looking statements regarding the matters
discussed in this release, whether as a result of new information , future
events or otherwise.

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Needham +
Company, Inc. This information is accessible to
collectors and dealers at the Company's web site, http://www.com, and is
also published in print. The Company
also owns Performance Racing Network, which broadcasts syndicated motorsports
programming to over 710 radio stations nationwide. The Company's products include a broad range of
motorsports-related die-cast replica collectibles, apparel, souvenirs
and other memorabilia.

associations supply

Action recently announced a restructuring of its wholesale NASCAR die-cast
distribution to a direct-to-retail model.gov. Additional information about Action
Performance can be found at http://www.

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Further,
through the continued execution of its initiatives to improve financial
performance, we believe that Action will be better positioned to capitalize on
the continued growth in the popularity of NASCAR and other forms of
motorsports . The committee will be comprised of Ms.
"This transaction represents the best strategic option for our business,"
said Mr. Eastern Time.

Business Editors

PHOENIX----Action Performance
Companies, Inc.

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Herb Baum, recently appointed as Executive
Chairman of Action Performance, will not remain with the company after
closing.com, and
http://www. Other motorsports
entertainment facility ownership includes an indirect 37. (NYSE: ATN) is the leader in the design,
promotion, marketing and distribution of licensed motorsports merchandise.

Additional Information and Where to Find It
Action Performance has agreed to file a proxy statement in connection with
the proposed Merger and related transactions.

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The Collectors Universe brands are among
the strongest and best known in their respective markets. The
acquisition is expected to close by calendar year-end , and is subject
to several conditions including Action shareholder approval, regulatory
approvals required under the Hart-Scott-Rodino Act, consents and
certificates from certain counterparties to Action's material contracts
as well as the lack of any material adverse event to Action's business.
In addition, Action designs and sells products relating to other motorsports
including the National Hot Rod Association, Formula One and Indy Racing
League. We plan to leverage the extensive
relationships and marketing expertise of both ISC and SMI to make this a
successful venture.
Motorsports Authentics will continue to execute Action's plans to return
its business to profitability. "Under the leadership and guidance of Motorsports
Authentics' management committee and a strong integration team, the business
should be able to more rapidly execute its turn around strategy, return to
profitability and capitalize on future growth opportunities.com.

This press release contains forward-looking statements regarding the
parties to the transactions described in this release, including statements
regarding Action Performance's anticipated financial results , the results of
its restructuring and the proposed transaction with ISC, SMI and their related
entities .

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, Collectors
Universe, Inc. Certain selling stockholders sold the other 1,090,560 shares
in the public offering.

International Speedway and Speedway Motorsports Partner to Purchase Action Performance

Motorsports Authentics
will operate as an independent company with ISC and SMI as equal
owners. A call center is being
added at that facility to handle order processing and customer service.

Scouting Collectibles include patches, badges, crests, uniforms, handbooks, souvenirs, stamps and other forms of memorabilia.

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Action markets collectible die-cast products under the names Action Racing
Collectibles, RCCA, Winner's Circle, AP, Muscle Machines, Brookfield
Collector's Guild and Minichamps.speedwaymotorsports.

About Action
Action Performance Companies Inc.com
During the meeting it is possible that the Company may make public
disclosure of material nonpublic information as well as
forward-looking statements regarding the Company's business,
operations and financial condition.

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NEWPORT BEACH, Calif. From a trackside sales perspective, ISC and SMI each
promote a significant number of events in NASCAR's three national touring
series including the NASCAR NEXTEL Cup schedule. France
Kennedy; John Saunders, Executive Vice President and Chief Operating Officer
for ISC; Marcus Smith, Executive Vice President of National Sales and
Marketing for SMI; and Mark Gambill, an SMI Board of Director member since
1995. A live Webcast of the call can be accessed at
http://www.action-performance. The proxy statement will contain
important information about the transaction, and Action Performance's
stockholders are urged to read the proxy statement and other relevant
materials when they become available.

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A registration statement relating to these securities has been filed with
and declared effective by the Securities and Exchange Commission ., CHARLOTTE, N. To access, dial toll free 877-519-4471
and enter the code 6434798, or visit the Web sites referenced above.
Investors and security holders may obtain free copies of these documents
(when they are available) and other documents filed with the Securities and
Exchange Commission (the "SEC") at the SEC's web site at http://www. In addition, the statements regarding the
consummation of the transaction discussed in this release are subject to risks
that the conditions to the transaction will not be satisfied, including the
risk that regulatory approvals will not be obtained, and that the definitive
agreement will be terminated prior to closing.com

This category includes the manufacturing, supply, trading, collecting, and display of Scouting collectibles and memorabilia .

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Fred Wagenhals, President and CEO of Action; David Riddiford, Action's
Chief Financial Officer; and Melodee Volosin, Action's Chief Operating
Officer, are expected to remain in key roles in the new company as they have
significant knowledge and are viewed as important resources to the integration
and restructuring of the business."

Financial Impact
Upon closing, both ISC and SMI expect to record equity investments, with
each representing 50 percent of the total net consideration paid for the
outstanding shares of Action.speedwaymotorsports. Action Performance will mail
the proxy statement to its stockholders. In the case of Action
Performance, such risks include potential adverse impacts on its results of
operations, financial condition and cash flows that may arise from the
announcement of the proposed transaction, as well as the potential adverse
impact on its ability to attract and retain customers, management and
employees.action-performance.

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The offering is being led by Thomas Weisel Partners LLC.
The Company also owns and operates MRN Radio, a leading independent sports
radio network; DAYTONA USA, the "Ultimate Motorsports Attraction" and official
attraction of NASCAR; and subsidiaries which provide catering services, food
and beverage concessions , and produce and market motorsports-related
merchandise under the trade name "Americrown. The parties have incurred and will continue to incur significant
advisory fees and legal and other expenses relating to the transaction.
Although the parties believe that the expectations reflected in such forward -
looking statements are reasonable, they cannot give any assurances that these
expectations will prove to be correct. Interested
investors and other parties may listen to the simultaneous webcast of
the annual meeting by logging onto the Company's website at
http://www.

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is a leading provider of value-added services to
the high-value collectibles markets. Its products include a broad range of motorsports-
related die-cast replica collectibles, apparel, gifts and other memorabilia. Action also has licenses to manufacture apparel and memorabilia for
the National Basketball Association , Major League Baseball, and multiple other
branded organizations."

About SMI
Speedway Motorsports is a leading marketer and promoter of motorsports
entertainment in the United States .com.
Information regarding the identity of the persons who may, under SEC
rules, be deemed to be participants in the solicitation of stockholders of
Action Performance in connection with the transaction, and their interests in
the solicitation, will be set forth in a proxy statement that will be filed by
Action Performance with the SEC.

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It is our goal to ensure that our products are
properly marketed through key distribution channels, which will help promote
NASCAR and other motorsports while creating natural business synergies,
particularly during event weekends.m.

About ISC
International Speedway Corporation is a leading promoter of motorsports
activities in the United States, currently promoting more than 100 racing
events annually as well as numerous other motorsports-related activities.

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(Nasdaq: CLCT), today announced that it has completed its
previously announced public offering of 3,000,000 shares of common stock at a
public offering price of $17.9 million.
Action currently markets its products primarily through a combination of mass
retail , domestic wholesale, trackside, international and collector's club. Bruton Smith, Chairman and Chief Executive
Officer of Speedway Motorsports. The
Company's products include a broad range of motorsports -related die-cast
replica collectibles, apparel, souvenirs and other sports-inspired
memorabilia .

(NYSE:ATN) will host its annual meeting of
shareholders on February 8, 2005 at 11:00 AM (EST).

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The Company sold 1,909,440 shares
in the public offering, raising net proceeds, after expenses, of approximately
$30. Copies of the final prospectus relating to the offering may be
obtained by contacting Thomas Weisel Partners LLC at One Montgomery Street,
Suite 3700, San Francisco, California 94104.com

(NYSE: ATN) ("Action")
today announced the following:

- ISC and SMI have partnered in a joint venture, which will conduct
business under the name Motorsports Authentics, to create a leader in
the production, marketing and sales of motorsports licensed
merchandise, including apparel and souvenirs."
"We believe it is strategically important for NASCAR and other motorsports
to have strong, well-run companies designing, marketing and distributing
racing merchandise," commented Mr.
Wachovia Securities acted as financial advisors for ISC and SMI, and
SunTrust Robinson Humphrey acted as financial advisors to Action in connection
with the transaction. To
participate, dial toll free 888-693-3477 five to ten minutes prior to the
scheduled start time and request to be connected to the Motorsports Authentics
call.com. In
addition, investors and security holders may obtain free copies of the
documents filed with the SEC by Action Performance by going to Action
Performance's investor relations page on its corporate website at
http://www . Forward-looking statements are not guarantees of future performance
and involve certain risks and uncertainties, including the risks and
uncertainties detailed from time to time in the parties' filings with the
Securities and Exchange Commission.com, trackside at racing
events, direct corporate promotions, mass retail and department
stores, specialty dealers.

souvenirs dealers

About Collectors Universe
Collectors Universe, Inc. The Company also compiles and publishes authoritative information
about collectible sports cards and sports memorabilia, United States and world
coins, and entertainment memorabilia. These
initiatives are expected to benefit the business through a lower cost
structure , improved speed to market, and earlier awareness of consumer trends,
preferences and buying habits . The entity will be self-sustaining and it is
expected both ISC and SMI will record results of Motorsports Authentics as an
equity investment.
A replay will be available one hour after the end of the call through
midnight Friday, September 9, 2005. The Company provides souvenir merchandising services through
its SMI Properties subsidiaries, and manufactures and distributes smaller-
scale, modified racing cars through its 600 Racing subsidiary.
For more information about Action Performance and its many subsidiaries,
please visit the Company's corporate Web site at
http://www.

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, International Speedway Corporation (Nasdaq: ISCA)
(OTC Bulletin Board: ISCB) ("ISC"), Speedway Motorsports Incorporated (NYSE:
TRK) ("SMI") and Action Performance Companies Inc.

Strategic Rationale
Action is the leader in design, promotion, marketing and distribution of
licensed merchandise. Action has recently announced plans to improve
its financial performance, including optimizing the production , marketing and
distribution of its die-cast and other products, divesting or discontinuing
non -core businesses, controlling expenditures and expanding its traditional
retail channels through the consolidation of certain functions. I look forward to
focusing my efforts on further strengthening the relationships with our
licensors and distributors, and contributing to the future success of
Motorsports Authentics.action-performance.

recreation memorabilia

50 per share. The acquisition is structured as a merger of a
wholly-owned subsidiary of Motorsports Authentics into Action, and the
surviving entity will be operated by Motorsports Authentics. Motorsports Authentics
will integrate the intellectual property rights of a significant number of
NASCAR's premier teams, drivers and tracks into a cohesive long-term
merchandising strategy."

Operating Strategy
A four-member management committee will oversee the operations of
Motorsports Authentics. In addition, an integration team comprised of top ISC, SMI and Action
management will complement Action's existing team of outstanding employees at
all levels of the organization.
From an earnings perspective, as the transaction is not expected to close
until late in the calendar year, it is expected to minimally impact the
financial results of Motorsports Authentics for 2005.

Conference Call
The executive management teams of ISC, SMI and Action will host a
conference call today with investors at 11:00 a. The
Company owns and/or operates 11 of the nation's major motorsports
entertainment facilities , including Daytona International Speedway in Florida
(home of the Daytona 500); Talladega Superspeedway in Alabama; Michigan
International Speedway located outside Detroit; Richmond International Raceway
in Virginia; California Speedway near Los Angeles; Kansas Speedway in Kansas
City, Kansas; Phoenix International Raceway in Arizona; Homestead-Miami
Speedway in Florida; Martinsville Speedway in Virginia; Darlington Raceway in
South Carolina; Watkins Glen International in New York.5% interest in
Raceway Associates, LLC, which owns and operates Chicagoland Speedway and
Route 66 Raceway near Chicago, Illinois.

supply trading

Contacts:
Mike Lewis Brandi Piacente
Chief Financial Officer Investor Relations
Collectors Universe The Anne McBride Co. and TEMPE, Ariz.com, trackside at racing events, direct corporate promotions, mass
retail and department stores, specialty dealers and select online retailers.sec.

About Action Performance

Action Performance Companies, Inc.

trading memorabilia

DAYTONA BEACH, Fla.

- Motorsports Authentics has entered into a definitive agreement to
purchase Action for $13 per common share , or approximately $245
million, in cash. "Licensed product is a significant segment of
the industry that has historically not been optimized.com or by contacting David Riddiford at Action
Performance at 1480 South Hohokam Drive, Tempe, Arizona, 85281 or by phone at
(602) 337-3700. Information about a party has
been provided exclusively by that party or, in the case of Motorsports
Authentics , its members.

merchandise souvenirs

Approximately 70 percent of the company's 2004 product sales related to NASCAR
due to its license agreements with many of the sport's top teams and drivers. Action's brands for licensed apparel, gifts
and other memorabilia include Chase Authentics, Trevco and Winner's Circle.
Lesa France Kennedy, President of ISC, stated, "As part of Motorsports
Authentics, we believe Action has significant long-term potential for
generating positive cash flow and earnings. Under this strategy , the company's
existing Charlotte, North Carolina operations, which currently manages
wholesale apparel operations, would also handle fulfillment for wholesale
NASCAR die-cast and apparel effective October 3, 2005. Action Performance further disclaims any responsibility
for forward-looking statements or other statements made in this release
concerning the other parties to the proposed transaction , including ISC, SMI
and their related entities, and/or to any descriptions contained in this
release concerning their proposed joint venture.

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This press
release shall not constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of these securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. The Company
authenticates and grades collectible coins, sports cards, autographs and
stamps.collectors.
949-567-1375 212-983-1702 x208
Email: bpiacente@annemcbride. As such, we believe we can
capitalize on financial and operating synergies by approaching merchandise
operations as a combined entity through Motorsports Authentics. Wagenhals. For more information, visit
the Company's Website at http://www .

Action Performance To Broadcast Annual Meeting of Shareholders

is the leader in the design,
promotion , marketing and distribution of licensed motorsports
merchandise. Action Performance markets and distributes
products through a variety of channels including the Action Racing
Collectables network of wholesale distributors, the Racing
Collectables Club of America, QVC, goracing.

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The underwriters have a 30 -day option to purchase an
additional 450,000 shares from the Company and the selling stockholders to
cover over-allotments, if any. and Roth Capital Partners LLC are serving as co-managers for the
offering.C. The Company owns and operates the
following premier facilities: Atlanta Motor Speedway , Bristol Motor Speedway,
Infineon Raceway, Las Vegas Motor Speedway, Lowe's Motor Speedway and Texas
Motor Speedway. Action Performance markets and distributes products through a
variety of channels including the Action Racing Collectables network of
wholesale distributors, the Racing Collectables Club of America, QVC,
goracing.action-performance.

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