The
2005 awardees are Dr. His fundamental studies on thermal stability were essential
for commercialization
of DuPont(TM) Delrin(R) polyacetal homopolymer.85 million
development contract with the U. 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.
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. The Company
also owns Performance Racing Network, which broadcasts
syndicated motorsports
programming to over 710 radio stations nationwide.com, trackside at racing
events, direct corporate promotions, mass
retail and department stores, specialty dealers and select
online retailers.
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
.
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.
piasa bloodwood
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.
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. 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. 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.handguns godiva
Kamack, retired principal design consultant for DuPont
Engineering;
and Dr.
The DuPont Oval, DuPont(TM), The miracles of science(TM), and Kevlar(R)
and Delrin
(R) are registered trademarks or trademarks of DuPont or its
affiliates.S. "Our technology in the
form of the Nomad(R)
Helmet-Mounted Display System has been deployed in Iraq over the past
18
months with the Stryker Brigade Combat Team."
"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.
Conference Call
The executive management teams of ISC
, SMI and Action will host a
conference call today with investors at 11:00 a. Other motorsports
entertainment
facility ownership includes an indirect 37. Information about a party has
been provided exclusively
by that party or, in the case of Motorsports
Authentics, its members.rioux carat
Vlodek Gabara, a researcher
at DuPont for 36 years, works at the Spruance
Plant in Richmond, Va.Microvision to Unveil Breakthrough
Display System at Society for Information Display Annual Conference; Spectrum Color Daylight Readable
See-Through Helmet-M
As such, we believe we can
capitalize on financial and operating synergies
by approaching merchandise
operations as a combined entity through Motorsports Authentics.
Action recently announced a restructuring of its wholesale NASCAR die-cast
distribution to a direct
-to-retail model. The entity will be self-sustaining and it is
expected both ISC and SMI will record
results of Motorsports Authentics as an
equity investment.com, and
http://www.com or by contacting
David Riddiford at Action
Performance at 1480 South Hohokam Drive, Tempe, Arizona, 85281 or by phone
at
(602) 337-3700.acrylic bullseye
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.piasa display
Harry Kamack joined DuPont in 1942 but soon after was assigned
to the
Manhattan Project to help with design of equipment at the University of
Chicago; Oak Ridge
, Tenn. Founded in 1802, DuPont puts science to work
by creating sustainable solutions essential
to a better, safer, healthier life
for people everywhere.
The new Spectrum Display System combines
improved laser technology
with low profile, light weight optics and Microvision's MEMS-based
scanned
beam display technology to achieve a level of performance
previously unavailable, including full
sunlight readability and color
fidelity superior to existing display technologies such as AMLCD,
OLED
and CRT. is the
world leader in the development of high-resolution displays and
imaging
systems based on the company's proprietary silicon
micro-mirror technology. 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.com.risers bloodwood
Vlodek Gabara, DuPont Fellow
in Advanced Fiber
Systems; Harry J. du Pont, more
than 200 years ago.
DuPont is a science
company. Competing display technologies have been unable to achieve
either the brightness or color
gamut that the military has long
sought.C.
Action currently markets its products primarily through
a combination of mass
retail, domestic wholesale, trackside, international and collector's club.
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
.
For more information about Action Performance and its many subsidiaries,
please visit the Company
's corporate Web site at
http://www.matchcovers cases
He is currently leading strategic
projects to create opportunities
for the future of advanced fibers and to
establish DuPont's high-performance fiber position in China
. The revolutionary
scanned beam display is the culmination of a Phase 3, $3. Army Product Manager
-- Air
Warrior, part of Program Executive Office -- Soldier. Further,
the system control module
size and power have been dramatically
reduced to fit within the requirements of the Army's onboard
electronics transportation rack., CHARLOTTE, N., International Speedway Corporation (Nasdaq: ISCA
)
(OTC Bulletin Board: ISCB) ("ISC"), Speedway Motorsports Incorporated (NYSE:
TRK) ("SMI") and
Action Performance Companies Inc. 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
.roomboxes cases
DuPont Announces 2005 Lavoisier Medal Honorees
During the latter part of his career, Kamack
developed
the engineering for continuous polymerization of polyester fiber, a
process still used all over the
world.----Microvision, Inc. The Nomad
System was recognized as one of the "Top Twenty Tools" by Motor
Magazine and won a 2004 Technology Innovation Award from The Wall
Street Journal. Factors that
could cause
actual results to differ materially from those projected in the
company's forward
-looking statements include the following: market
acceptance of our technologies and products; our
ability to obtain
financing; our financial and technical resources relative to those of
our competitors;;
our ability to keep up with rapid technological
change; government regulation of our technologies;
our ability to
enforce our intellectual property rights and protect our proprietary
technologies;
the ability to obtain additional contract awards and to
develop partnership opportunities; the timing
of commercial product
launches; the ability to achieve key technical milestones in key
products;
and other risk factors identified from time to time in the
company's SEC reports, including in its
Annual Report on 10-K for the
year ended December 31, 2004, and its Quarterly Reports on Form 10
-Q. DAYTONA BEACH, Fla.caseworks risers
, DuPont (NYSE: DD)
today announced the recipients of the Lavoisier Medal
for Technical
Achievement - presented each year to DuPont scientists and engineers who have
made
outstanding contributions to DuPont and their scientific fields
throughout their careers.
(Nasdaq:MVIS
) of Bothell, WA, the world leader in the development of
scanned beam displays and imaging products
, announced today that it
will reveal its latest version of the Spectrum(R) helmet-mounted,
full
-color Display System at the Society for Information Display (SID)
International Symposium, in Boston
, May 24 - 26. Whether
airborne or in ground vehicles, soldiers will be able to access
computers
, sensors and remote data, with the information overlaid on
their vision by the Spectrum Display.
Such a breakthrough in what the
military terms "situational awareness" could be the key to more
knowledgeable
decision making on the battlefield, resulting in
increased operational effectiveness and enhanced
safety. 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. For more information, visit
the Company's Website
at http://www.cases caseworks
; and Hanford Works in Washington. He
lives in Wilmington, Del.
Microvision and
its scanned beam display technology have been
recognized by IEEE Spectrum Magazine as one of "10
tech companies for
the next 10 years. 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. Herb Baum, recently appointed as Executive
Chairman of Action Performance, will
not remain with the company after
closing. "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
.
cases caseworks
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
. We plan to leverage the extensive
relationships and marketing expertise of both ISC and SMI to make
this a
successful venture. 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. 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. Wagenhals.
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.matchcovers caseworks
Kohan, retired senior research associate for
Engineering Polymers. 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.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.greenan bloodwood
Most of his research focused on use of nylon as an engineering
thermoplastic.microvision."
Forward-Looking Statement
Certain statements contained
in this release, including those
relating to future products, potential performance, markets and
product applications and those which use words such as "could,"
"should," "believe" and "expect
," are forward-looking statements that
involve a number of risks and uncertainties. Action's brands
for licensed apparel, gifts
and other memorabilia include Chase Authentics, Trevco and Winner's Circle
."
Operating Strategy
A four-member management committee will oversee the operations
of
Motorsports Authentics.5% interest in
Raceway Associates, LLC, which owns and operates Chicagoland
Speedway and
Route 66 Raceway near Chicago, Illinois.
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.action-performance.halogen plexiglass
Melvin I. From 1950
until 1982, Kohan worked at the DuPont Experimental
Station in Wilmington,
Del. Operating in more than 70 countries, DuPont offers a
wide range of
innovative products and services for markets including
agriculture, nutrition, electronics, communications
, safety and protection,
home and construction, transportation and apparel. Additionally, the Spectrum
Helmet-Mounted Display attaches to
the standard military helmet with no modifications and can be
viewed
with the glare shield visor in either up or down position. Microvision will also exhibit the
imagic(R)
microdisplay, the award winning full-color, scanned-beam display
intended for low cost
, high-volume consumer electronics applications
as well as the latest version of the Nomad Helmet
-Mounted Display
System slated for deployment to Iraq later this year. 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.
Strategic Rationale
Action is the leader in design, promotion, marketing and distribution of
licensed merchandise.
To access, dial toll free 877-519-4471
and enter the code 6434798, or visit the Web sites referenced
above. 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. The parties have incurred and will continue to incur significant
advisory fees and legal and other expenses relating to the transaction.godiva plexiglass
Recipients will be honored
at the Science Excellence
Ceremony on June 16, 2005, at the DuPont Theatre in Wilmington, Del."
In
addition to the Spectrum Display System, Microvision plans to
showcase the following products and
prototypes at the SID exhibition:
the MicroHUD(TM) automotive head-up display system, a high contrast
,
high resolution windshield projection display with a display engine a
fraction of the size of
LCD-based displays, and the Nomad Expert
Technician System; the world's only hands-free wearable
computer with
a head-worn, head-up display, enabling technicians and other mobile
workers to overlay
relevant information on their tasks, thereby
reducing task time and guesswork by eliminating footsteps
.
"This transaction represents the best strategic option for our business,"
said Mr. 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."
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.
About
Action
Action Performance Companies Inc.action-performance.piasa halogen
I.com
Headquartered in Bothell
, Washington, Microvision, Inc.
- Motorsports Authentics has entered into a definitive agreement
to
purchase Action for $13 per common share, or approximately $245
million, in cash
.
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. 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. Bruton Smith, Chairman and
Chief Executive
Officer of Speedway Motorsports.speedwaymotorsports."
About SMI
Speedway Motorsports is a leading marketer and promoter of motorsports
entertainment in the United
States.easels handgun
"We are proud to honor these remarkable individuals who so ably built on
fundamental
science to create sustainable products for the marketplace,"
commented DuPont Chief Science and Technology
Officer Tom Connelly. Adding color to the
Nomad architecture is a natural evolution in the ongoing
development
of the technology. "Licensed product is a significant segment of
the industry that
has historically not been optimized. 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. A live Webcast of the call can be accessed at
http://www.com.plexiglass diecast
About Microvision: www.
m.speedwaymotorsports. 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. 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.carat greenan
Mel Kohan
spent his entire 37-year career working on polymers and
continues to consult, more than 20 years
after his retirement.
The Lavoisier Medal is named in honor of Antoine Lavoisier, the father
of
modern chemistry, who mentored the founder of the company, E.International Speedway and Speedway
Motorsports Partner to Purchase Action Performance
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.
Motorsports Authentics will continue to execute Action's plans to return
its
business to profitability. Eastern Time. (NYSE: ATN) is the leader in the design,
promotion, marketing
and distribution of licensed motorsports merchandise. 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.
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.64th halogen
Developed in
collaboration with the Army's Aviation + Missile
Research, Development, + Engineering Center (AMRDEC
), the full-color
display system could be ready for military production following the
next phase
of flight qualification and testing, within the next 18
months. We are pleased and honored to be
teamed with
Program Executive Office -- Soldier in an effort to extend our
breakthrough display
technology to military rotorcraft and ground
vehicles to enhance situational awareness and to give
our troops an
operational advantage on the battlefield. The company's technology has applications
in
a broad range of military, medical, industrial, professional and
consumer products. and TEMPE
, Ariz.
In addition, Action designs and sells products relating to other motorsports
including
the National Hot Rod Association, Formula One and Indy Racing
League. 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.bloodwood cases
Highest DuPont Honor for Scientific Innovation Given to Three Outstanding
DuPont Scientists
WILMINGTON, Del. He
served as editor
of two editions of the Nylon Plastics Handbook, a widely used
resource for researchers worldwide
.
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.
A
replay will be available one hour after the end of the call through
midnight Friday, September 9
, 2005.handgun plexiglass
Gabara's exceptional work on DuPont(TM) Kevlar(R)
high-performance fiber polymerization was
essential in the design of the first
commercial Kevlar(R) production plant. He retired from DuPont
in 1978. "We believe that the Spectrum System is a natural fit for
helicopters and armored vehicles
," said Tom Sanko, Microvision Vice
President, Marketing. (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
. 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. A call center is being
added at that facility to handle order
processing and customer service. The
Company's products include a broad range of motorsports-related
die-cast
replica collectibles, apparel, souvenirs and other sports-inspired
memorabilia. Action
Performance will mail
the proxy statement to its stockholders.
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.gov.diecast 64th
After
World War
II, he led the project to design the heavy-water moderated reactor at Savannah
River
Works in South Carolina. He resides in West Grove, Pa.
Business Editors/High-Tech Writers
Society
for Information Display International Symposium
BOTHELL, Wash.
The helmet-mounted display
system uses Microvision's proprietary
scanned beam technology to give pilots and mounted soldiers
unprecedented access to high fidelity imagery and information.sec.greenan acrylic
Motorsports Authentics
will operate as an independent company with ISC and SMI as equal
owners.
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.action
-performance. 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
.halogen artifact
Working overtime to stay the Web's best reference!
-> Show SiteSeek's List of Web Sites For This Topic (Not Yet Peer Reviewed)
Loading...
(Note: These pages use the Atlas Content Safeguard System (ACSS) and require that Javascript is enabled for viewing.)