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DDR Systems Inc. Becomes Grand Prix Sports Inc. and Through Coca-Cola Nordic Racing, Commences FIA Formula 3000 Racing Season in Brazil.


Business Editors & Auto Racing Writers

IRVINE, Calif.--(BUSINESS WIRE)--March 30, 2001

DDR (Double Data Rate) Refers to an SDRAM memory chip that increases performance by doubling the effective data rate of the frontside bus. For more details, see SDRAM.

DDR - Double Data Rate Random Access Memory
 Systems Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:DDRS DDRS Defense Data Repository System
DDRS Defense Departmental Reporting System
DDRS Declassified Documents Reference Service
DDRS Det Danske Rengøringsselskab (now International Sanitary Systems)
DDRS Defense Data Repository Suite
) starting today shall be known as Grand Prix Grand Prix  
n. pl. Grand Prix
Any of several competitive international road races for sports cars of specific engine size over an exacting, usually risky course.
 Sports Inc. (OTCBB:GPRX).

The company announces that Saturday, March 31, 2001 heralds the commencement of the 2001 FIA FIA

feline infectious anemia.
 Formula 3000 Championship at the Interlagos circuit on the outskirts of Sao Paulo, Brazil. For 2001, the Championship has expanded from 10 Formula 1 Grand Prix support races to 12. The first addition is Sao Paulo and the final addition is the last Formula 3000 race of the season, to be held in Monza, Italy on Sept. 15, 2001.

The Brazilian city of Sao Paulo has held races at the Interlagos circuit since 1940 when it was built in a hilly natural amphitheatre on the outskirts of the city. The circuit winds around itself with all manner of flat and banked corners, fast straights and hairpins for a distance of five miles.

Passion for motor racing motor racing n (BRIT) → carreras fpl de coches; automovilismo

motor racing motor n (Brit) → course f automobile 
 in Brazil has always been high. Several Brazilian drivers making up the "grid" in this year's Formula 3000 Championship; the home crowd at the opening race is sure to prove partisan.

"The Brazilian drivers will have a home advantage for sure," explained Coca-Cola Nordic Racing driver racing driver n (BRIT) → corredor(a) m/f de coches

racing driver racing n (Brit) → pilote m de course

 Justin Wilson. "The Brazilian fans are fanatical about all things to do with motor racing and I am sure that they will be making a lot of noise for their drivers."

"Finally the start of the season is upon us," said Coca-Cola Nordic Racing team principal Derek Mower. "Now it is time to start converting all the good testing results into race results and that is what we aim to do from the word go. The only concern that the team has, is that we shall be at a disadvantage to the teams with Brazilian drivers, all of whom will have raced at the Interlagos circuit before in other race categories."

A full report from qualifying and race results will be available on www.nordicracing.com.

Separately, the company announces a shift of its business direction to a motor sports venue. Effective as of Friday, March 30, 2001, the company's common stock will be quoted under the symbol "GPRX," concurrently with the effectiveness of a 5:1 forward split of its common stock.

Additionally, as a result of renegotiating the company's distribution agreement with Reach Technologies Inc., 9.5 million issued and outstanding common shares have been cancelled and returned to the company's treasury.

The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995 provides a "safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
" for forward-looking statements. Certain information included in this news release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, DDR Systems, Inc./Grand Prix Sports, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities and domestic and global economic conditions.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Mar 30, 2001
Words:541
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