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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">25/03/2002</FONT></B></TD></TR> <TR><TD width="100%" align="center"><B><FONT FACE="Tahoma" SIZE="4">Teams commit to series</FONT></B></TD></TR> <TR><TD width="100%" align="center"><B><FONT FACE="Tahoma" SIZE="3">Appearance money works</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">The new Competition Incentive Plan (CIP) administered by IMSA on the American Le Mans Series has attracted 20 racing teams to commit 29 cars for the full season on the sports car endurance racing series, officials have announced. Several other teams are <BR> expected to commit to the program within the next week.<BR> <BR> The 29 cars committed so far to compete in all 10 events on the series include 14 Prototypes (eight LMP 900 and six LMP 675), seven GTS cars and eight from the GT class.<BR> <BR> "We are very pleased with the response to the CIP from such a diverse group of sports car racing teams," said Dennis Huth, President of IMSA. "A program of this nature has never been done in the modern era of sports car racing and it gives an advance peek to our event promoters and fans of the top teams and drivers they can expect at all events. These 29 cars, and the others that were just invited and we expect to join the CIP, will represent the core field of cars that have contractually <BR> stated to us that they can be expected at every race," Huth said. "But as we saw with a record number of entries recently at Sebring, there are many more sports car racing teams out there that are interested in competing in American Le Mans Series races this season."<BR> <BR> The CIP was created to financially reward teams that commit to running all 10 races of the series and is open to qualified privateer and factory teams. <BR> <BR> Participating teams sign agreements stating that they will compete in all events. For contesting the series, the team receives cash rewards after every event that are not part of the regular race payoff, provided that it enters the event, qualifies and attempts to compete.<BR> <BR> The racing teams that have committed to the CIP program for 2002 from the LMP 900 class include Audi Sport North America, Panoz Motor Sports, MBD Sportscar, Champion Racing and Gunnar Racing. Teams from the LMP 675 class for smaller Prototypes that have signed the CIP agreement include Team Bucknum Racing, KnightHawk Racing, Kyser Racing, Intersport and Porschehaus.<BR> <BR> From the GTS class, the teams committed to the full season include Corvette Racing, American Viperacing, Konrad Motorsport, Park Place Racing and Team Rafanelli. Teams from the GT class include Alex Job Racing, Orbit, The Racer's Group, Seikel Motorsport and J3 Racing.</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>