Action Performance Companies, Inc. to Hold Special Meeting of Shareholders on December 1, 2005.

PHOENIX -- As previously announced in its definitive proxy statement filed with the Securities and Exchange Commission in October 2005, Action Performance Companies, Inc., the leader in licensed motorsports merchandise, will hold a special meeting of shareholders on Thursday, December 1, 2005 at 8:00 a.m. (Mountain time) at its corporate headquarters. The address is 1480 South Hohokam Drive, Tempe, AZ 85281.

Interested investors and other parties not able to attend the special meeting in person may listen to the meeting by dialing [phone], or for international callers, [phone]. A replay of the meeting can be accessed by dialing [phone], or for international callers, [phone], and entering the passcode 2971654. The replay will run through December 8, 2005.

The special meeting will also be webcast live at http://www.action-performance.com/Investor/. The on-line replay will be available for a limited time immediately following the call.

About Action Performance Companies, Inc.

Action Performance Companies, Inc. (NYSE: ATN - News) 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 sports-inspired memorabilia. The company 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 select online retailers. For more information about Action Performance Companies, Inc. and its many subsidiaries, please visit the company's corporate Web site at http://www.action-performance.com.