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<body> <Table Width="550" border="0" style="border-collapse: collapse" cellpadding="0"><TR><TD Width="35"><IMG SRC="//www.totalmotorsport.com/images/spacer.gif" WIDTH="35" HEIGHT="1"></td><td> <CENTER><Table border="0" width="100%"> <TR><TD width="100%" align="center"><B><FONT FACE="Tahoma" SIZE="5">AMERICAN LE MANS SERIES</FONT></B></TD></TR> <TR><TD width="100%" align="left"><B><FONT FACE="Tahoma" SIZE="2">08/11/2001</FONT></B></TD></TR> <TR><TD width="100%" align="center"><B><FONT FACE="Tahoma" SIZE="4">Independent Prize Fund</FONT></B></TD></TR> <TR><TD width="100%" align="center"><B><FONT FACE="Tahoma" SIZE="3">$1.7 million dollars paid out</FONT></B></TD></TR> <TR><TD width="100%" align="center"><FONT FACE="Tahoma" SIZE="1">  </FONT></TD></TR> <TR><TD width="100%" align="left"><FONT FACE="Tahoma" SIZE="2">Privateer racing teams in the American Le Mans Series collected more than $1.7 million in purse and point fund money during the recently-completed 2001 season as part of the series' philosophy of rewarding the participation of non-factory supported teams.<BR> <BR> The American Le Mans Series has always had a policy of not paying race prize money to factory supported racing teams. The ALMS has also administered a special point fund for privateer teams that paid out over $1 million to thirteen teams through out the 2001 season. In fact, since its inception in 1999, the ALMS have paid more than $5.6 million to privateers. In the eight events held during the 2001 season, privateer teams received nearly $800,000 in prize money alone<BR> . <BR> "We love the factory teams and welcome their participation," said Don Panoz, Founder of the American Le Mans Series. "But it is the privately-entered teams that are the backbone of the American Le Mans Series. The importance of their participation cannot be overstated, and it has been our stance since Day One of this series to make them feel welcome and reward their support financially. We plan to continue that in 2002 and beyond."<BR> <BR> A percentage of each race purse goes into the Privateer Point Fund as does any prize money not paid in an individual race, including money that would have been paid to factory teams. The fund is cumulative, and a formula and point system are used to determine the amount received by each eligible team at the end of the season.<BR> </FONT></TD></TR> </TABLE><BR> </CENTER> <BR><CENTER><font size="1" color="#808080" face="Tahoma">Copyright ©2000-©2023 TotalMotorSport</font></CENTER> </td> </tr> </table> </body>