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Argent Mortgage Company Named Title Sponsor of IRL IndyCar Event at Infineon Raceway.


SONOMA, Calif. -- Infineon Raceway and Argent Mortgage Company have entered into a partnership that will make one of the nation's leading mortgage lenders the title sponsor of the first world-class open-wheel race in 35 years at the Sonoma Valley facility, officials from both companies announced.

Argent Mortgage will become the title sponsor of the Argent Mortgage Indy Grand Prix at Infineon Raceway, Aug. 26-28. This marks the first-ever event on a permanent road course in the 10-year history of the IRL IndyCar(R) Series.

"We are proud to be the title sponsor of the Argent Mortgage Indy Grand Prix at the Sonoma facility and to be associated with this historic Indy Racing League The Indy Racing League, better known as IRL, is the sanctioning body of a predominantly American based open-wheel racing series.

The League consists of two series, the premiere IndyCar Series
 event," said Wayne Lee, president of Argent Mortgage Company. "This partnership is a natural extension of Argent's 2005 integrated marketing program. Just as the return of open-wheel racing to a permanent road course will give IRL fans a fresh new racing experience, Argent takes an unconforming approach to mortgage lending that helps independent mortgage brokers deliver a superior lending experience for consumers across the nation."

"Argent Mortgage has been one of the strongest and most active supporters of IndyCar(R) racing in recent years. We are excited to launch this new partnership and look forward to working with Argent Mortgage on this historic event for Infineon Raceway," said Steve Page, president and general manager of Infineon Raceway.

The partnership continues a strong presence for Argent Mortgage with the IRL. The company is the Official Mortgage Company of the IRL IndyCar(R) Series and the Indianapolis 500 and is also partnering with Rahal Letterman Racing Rahal Letterman Racing (RLR) is an auto racing team that currently races in the Indy Racing League. It is co-owned by 1986 Indianapolis 500 winner Bobby Rahal and television talk show host and comedian David Letterman and is based in Hilliard, Ohio.  to serve as primary sponsor of the #16 Argent Mortgage/Pioneer Honda driven by Danica Patrick and co-primary sponsor of the #15 Argent Mortgage/Pioneer Honda driven by 2004 Indy 500 winner Buddy Rice.

About Speedway Motorsports Inc.

Speedway Motorsports (NYSE NYSE

See: New York Stock Exchange
:TRK) is a leading marketer and promoter of motorsports entertainment in the United States. The Company owns and operates the following premiere speedways: Atlanta Motor Speedway Atlanta Motor Speedway (formerly Atlanta International Raceway) is a superspeedway in Hampton, Georgia, twenty miles (32 km) south of Atlanta. It is a 1.54-mile (2.48 km) quad-oval track with a seating capacity of over 125,000. It opened in 1960 as a 1.5 mile standard oval. , Bristol Motor Speedway Bristol Motor Speedway, originally known as Bristol International Raceway and Bristol Raceway is a NASCAR short track located in Bristol, Tennessee. It was constructed in 1960, and held its first NASCAR race on July 30, 1961. , Infineon Raceway, Las Vegas Motor Speedway Las Vegas Motor Speedway, located in Clark County, Nevada, just outside Las Vegas, is a 1,200 acre (4.9 km²) complex of four different tracks for automobile racing. The complex is owned by Speedway Motorsports, Inc., which is headquartered in Charlotte, North Carolina. , Lowe's Motor Speedway Lowe's Motor Speedway (formerly Charlotte Motor Speedway) is a speedway in Concord, North Carolina, north of Charlotte. It features a 1.5 mile long quad-oval track that seats 167,000 people, with room for 50,000 more spectators in the infield.  and Texas Motor Speedway Texas Motor Speedway is a superspeedway located in the northernmost portion of the U.S. city of Fort Worth, Texas -- the portion located in Denton County, Texas. The track layout is very similar to Atlanta Motor Speedway and Lowe's Motor Speedway (formerly Charlotte Motor . The Company provides souvenir merchandising services through its SMI Properties subsidiary, and manufactures and distributes smaller-scale, modified racing cars through its 600 Racing subsidiary. The Company also owns Performance Racing Network The Performance Racing Network is a radio network controlled by Speedway Motorsports, Inc..

PRN broadcasts all NASCAR-sanctioned Nextel Cup and Busch Series events held at Speedway Motorsports-controlled tracks and assists with the Indianapolis Motor Speedway Radio Network
 (PRN) which broadcasts syndicated motorsports programming to more than 710 radio stations nationwide including XM Satellite and NASCAR.com. For more information, visit the Company's website at www.gospeedway.com.

About Argent Mortgage

Headquartered in Irvine, Calif., Argent Mortgage Company is a leading national mortgage lender. The company works exclusively with independent mortgage brokers and bankers across the country through loan processing centers in California, Illinois and New York. For more information about Argent Mortgage or to locate an independent mortgage broker near you, visit the company's Web site at www.argentloans.com.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Apr 13, 2005
Words:474
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