Gasoline Alley Engines Teams Up With Welliver Racing

CONCORD, N.C. (August 31, 2001)--Scott Welliver, President of Welliver Racing and Wayne Jesel, President of Gasoline Alley Engines announced today that Gasoline Alley Engines LLC has teamed up with Welliver Racing, doing business as Welliver-Jesel Motorsports. The Company will be managed on a day-to-day basis by Wayne Jesel.

"Having Wayne and his partners become a part of this organization is a great asset to our program," said Scott Welliver. "We will be able to fully integrate the research and development engine program at Jesel Valvetrain Innovation creating the only NASCAR Busch Series team not affiliated with a NASCAR Winston Cup operation to be running its own engine program."

"With nine Busch races remaining, our number one priority is to concentrate on the performance of all three race teams," said Wayne Jesel. "Our strategic plan is to work closely with our marketing partners to move our association to the next level while delivering a competitive team effort to win races and championships."

Welliver-Jesel Motorsports also announced that Gary Cogswell has joined Welliver-Jesel Motorsports and will be the crew chief for the #36 GNC Live Well Chevrolet Monte Carlo driven by Hank Parker, Jr. starting with the South Carolina 200 NASCAR Busch race at Darlington. Gary delivers over ten years of experience and has two 2001 Busch wins with Todd Bodine driving for Buckshot Racing.

Welliver Racing is the second oldest team in the NASCAR Busch Series. The team has 19 wins in 17 years of competition and at least one top-five finish in the points championship in each of the last six seasons. It campaigns Chevrolet Monte Carlos with primary marketing partners AFG Industries, Inc. & J.B. Williams Company, Inc. (Aqua Velva) for David Green, General Nutritional Centers (GNC Live Well) for Hank Parker, Jr., and the Phillips 66 Company for Geoffrey Bodine.

Jesel Valvetrain Innovation is the leading valvetrain supplier to NASCAR Winston Cup, Busch, and Craftsman Truck Series teams and has been a NASCAR Contingency sponsor for over ten years. Wayne and Danny Jesel formed Gasoline Alley Engines LLC in December 2000 with a research and development engine program to establish the infrastructure for a NASCAR team. Through 24 races in 2001, Gasoline Alley Engines has achieved 2 wins, 8 top-five, and 15 top-ten finishes in the NASCAR Busch Series.