Scott Welliver Purchases Assets of Cicci-Welliver Racing

-Welliver Racing Assumes Control Of Three NASCAR Busch Series Teams-

CONCORD, N.C. (August 22) - Scott Welliver today announced he and his cousin, Jeff Welliver, have purchased all assets of the Cicci-Welliver Racing organization, effective immediately. The buyout brings to an end the 10-year relationship between Scott Welliver and his former partner, Frank Cicci.

The Wellivers will continue to operate three NASCAR Busch Series teams under the banner of Welliver Racing. The No. 36 GNC Live Well Chevrolet, driven by Hank Parker Jr., the No. 66 Phillips 66 Chevrolet, driven by Geoffrey Bodine, and the No. 34 AFG Glass Chevrolet, driven by David Green, will continue to work from the teams' facilities near Concord, N.C.

The Wellivers, who head a nationally prominent construction firm in Upstate New York, are in the process of assembling a management team to handle the day-to-day operations of Welliver Racing. Scott Welliver will be on hand at this weekend's NASCAR events at the Bristol Motor Speedway in Tennessee to personally oversee the three-car operation.

"This is the close of one chapter, and the beginning of another for all three teams, Jeff and myself in the sport of NASCAR," said Scott Welliver. "I want to sincerely thank each and every crew member on each of these teams for their hard work and perseverance through what has been a difficult period.

"Welliver Racing's immediate objective is to restore each of these teams to the level of excellence they've displayed in the past. I assure every member of this organization and the fans of all three teams and drivers that I will use every resource available to me to achieve that goal."

At the time of the Wellivers' purchase, the three-car team was the second-oldest NBS racing organization in operation. The teams had placed a driver in the top four in the final NBS championship standings each year since 1995.