Barrie Speedway - Oro-Medonte SOLD

Contact: Jim Payetta

705-791-6665

Barrie Speedway

555 Bayview Dr.

Barrie, ON

L4N 8Y2 Barrie Speedway

Press Release

Barrie Speedway Attracts New Ownership

Barrie ON, April 4th, 2011

FOR IMMEDIATE RELEASE:

Barrie Speedway, a 1/3 Mile, paved tri-oval located north of Toronto between Barrie and Orillia, has been sold to a new ownership group.

Apex Motorsports has purchased the speedway from The HorsePower Sports & Entertainment Group Inc.

Rick Hurst, Diane Cunningham and Dave Simcoe are partners in Apex and bring to the track a combined 75 years of business experience. Doug and Angie Clarke, also partners in the company, bring the youth and vitality to grow and expand the Speedway into the next generation. All of the partners have a love and respect for Motor Racing

“We believe that the new ownership group will do an excellent job with the speedway. They have the passion and the experience to continue making Barrie Speedway one of the premier race tracks in the country”, states previous co-owner and Track Promoter, Jim Payetta. “After being approached by the new owners, we decided that maybe it was time to bring some new energy to the track. I think we’ve done a pretty good job with it. I’ve been working at it for 4 years now and I’m proud of what we’ve achieved. We believe in change and we know the track is going to be in pretty good hands with the new owners”, he added.

“I’m pleased that the Speedway is going into good hands. We’ve put lots of hard work into the speedway and I know that Apex will continue what we and other previous owners have brought to the track. As owners of the Barrie Colts OHL Hockey team as well, we have other business opportunities we are pursuing, so the timing is good for us”, states Howie Campbell, co-owner and President of the Barrie Colts.

“With the NASCAR Canadian Series and the weekly NASCAR Whelen Series, we’ve got a solid foundation on which to build. We look forward to serving fans and racers while working closely within the NASCAR family”, states new owner Diane Cunningham. “Our goal is to continue to build on the foundations that Jim, Howie and The Horsepower Group has put in place and steer Barrie Speedway into the future as a premier motor racing venue’, she added.

“We’re just getting our feet wet. Right now it’s business as usual”, said new owner Rick Hurst. “We’re happy with this years schedule and look forward to bringing some ideas to the track. We’ve been involved as sponsors of the track from quite some time now, so we’re no strangers to the place. We’ve got lots of ideas that we’ll be working on as the season gets going”, he added.

The track has undergone many improvements in the last few years, including being re-built as a 1/3 mile tri-oval from a 1/4 mile oval. Barrie Speedway has a solid and loyal fan base, which was an important consideration for the new owners. “The fans and drivers are great and there is a real history to the place. This track belongs to the fans, the drivers and their crews. We view our role as being the next custodians of the Speedway and to do what we can to help Barrie Speedway realize it’s potential”, stated David Simcoe.

Barrie Speedway has been growing in popularity. The racetrack has been running regular Saturday night racing for over 45 years and has quite a history of popular drivers and loyal fans. With the growth the track has experienced in the last few years, including the NASCAR Canadian Tire Series events, there has been growing interest in the facility.

Due to the timing of this venture Apex Motorsports will hold an introduction meeting for Drivers and Staff at the Highway Man Inn in Orillia on April 10th at 11am.

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For more information contact:

Diane Cunningham

705-826-1887

Jim Payetta

705-791-6665

jimp@barriespeedway.com

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