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BRAINERD INTERNATIONAL DISCONTINUES EFFORTS TO DEVELOP MOTORSPORTS FACILITY IN SOUTHEASTERN WISCONSIN

 MINNEAPOLIS, Dec. 31 /PRNewswire/ -- Brainerd International, Inc. (NASDAQ: BIRI) (BII), announced today that its board of directors has determined to discontinue the company's efforts to develop a motorsports facility in southeastern Wisconsin.
 BII also announced that Gene Snow, an officer, director and principal shareholder of BII, has advised the company that he intends to continue his efforts to develop a motorsports facility upon land he owns near Genoa City, Wis. BII has consented to Snow's continued development efforts.
 Snow has agreed that should he develop a motorsports facility within the next five years at the Genoa City site, he will assign to BII one quarter of his interest in the facility.
 As a result of the discontinuance of its development efforts, BII will recognize an expense of approximately $730,000 in expenditures made by BII in the past five years which had previously been capitalized.
 Brainerd International, Inc., owns and operates Brainerd International Raceway, a 500-acre multi-purpose motorsports facility in north central Minnesota.
 The company's common shares are traded on the national over-the- counter market under the NASDAQ symbol: BIRI. Corporate headquarters is located in Minneapolis.
 -0- 12/31/93
 /CONTACT: Richard L. Roe of Brainerd International, 612-475-1500/
 (BIRI)


CO: Brainderd International, Inc. ST: Minnesota, Wisconsin IN: LEI AUT SU:

DS -- MN003 -- 8293 12/31/93 10:55 EST
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Publication:PR Newswire
Date:Dec 31, 1993
Words:219
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