Action Performance Companies, Inc. to Announce Third Quarter 2003 Results On July 23, 2003.

Business Editors

PHOENIX--(BUSINESS WIRE)--July 22, 2003

Action Performance Companies, Inc. (NYSE:ATN) will release financial results for the third quarter and nine months ended June 30, 2003 after the close of the NYSE on Wednesday, July 23, 2003. Subsequently, the Company will host a teleconference to discuss its results and future plans and prospects. Forward looking information may be disclosed in the teleconference.

Any investor or interested individual can listen to the teleconference, which is scheduled to begin at 4:30 p.m. EST (1:30 p.m. PST) on July 23, 2003 via the Internet at www.action-performance.com. This website will host an archive of the teleconference for 30 days.

A telephone playback will be available from 6:30 p.m. EST on July 23, 2003 through 5:30 p.m. EST on July 25, 2003. The playback can be accessed by calling toll-free [phone], or for international callers [phone].

About Action Performance:

Action Performance Companies Inc. (NYSE:ATN) is the leader in the design, promotion, marketing and distribution of licensed motorsports merchandise. The Company's products include a broad range of motorsports-related die-cast replica collectibles, apparel, souvenirs and other memorabilia. Action Performance markets and distributes products through a variety of channels including the Action Racing Collectables network of wholesale distributors, the Racing Collectables Club of America, QVC, goracing.com, trackside at racing events, direct corporate promotions, mass retail and department stores, specialty dealers and online at nascar.com. Additional information about Action Performance can be found at www.action-performance.com.