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08.03.04-

DETROIT PRESIDENT'S CUP ADDED TO 2004 BUDWEISER UNLIMITED HYDROPLANE SERIES:

John Gysin, of the Detroit River Regatta Association, announced today that the Budweiser Unlimited Hydroplane Series will return to the Detroit River, site of the 2004 Chrysler Jeep Superstores Detroit APBA Gold Cup, for the PRESIDENT'S CUP September 18th and 19th. Gysin said the new event, which will close the 2004 racing season, will fill the dates vacated by the board of directors of the San Diego Thunderboat Regatta, who voted not to hold an Hydro-Prop/APBA event in 2004.

"We have confirmation from the White House in Washington, D.C. that the winning driver and owner will have their picture taken with the President in the Oval Office following the event, and a good possibility that President Bush will attend the event," added Gysin.

Tom D'Eath, Chief Operating Officer of Hydro-Prop, said, "We welcome the opportunity to return to Detroit to end our 2004 season. As the sanctioning body for Unlimited Hydroplane Racing, we didn't feel that four events were enough to crown the 2004 O'Doul's National High Point Champion. We also have obligations to our series sponsor, Anheuser Busch, and to Speed Channel, as well as a desire for increased television exposure for our race teams and their sponsors. This event will be a win-win for all of those entities, as well as the City of Detroit and the local businesses and organizations who worked with us on the Gold Cup."

The PRESIDENT'S CUP will be an official Hydro-Prop/APBA event, and very likely will decide the 2004 O'Doul's National High Point Championship. With three events remaining on the 2004 schedule, the Chevrolet Cup at Seafair, August 6-8, the Bluewater International Hydrofest at St. Clair, Michigan, August 20-22 and the new event in Detroit, less than 70 points separate the top five teams in O'Doul's National High Points. Steve David, driver of Madison, Indiana's Oh Boy! Oberto leads Dave Villwock and Miss Budweiser by just three points going into the Seattle event.

Gysin said the concept of a second Detroit race in 2004 was embraced immediately by everyone from Detroit Mayor Kwame Kilpatrick to the many volunteers and vendors who were involved in the Gold Cup in July. Gysin added that the event is close to securing a national sponsor, and will be televised nationally on the Speed Channel on Sunday, October 24 at 5:00 Eastern time.

"Between the Detroit River Regatta Association and the Boat Racing Club, we have the personnel and infrastructure in place to put a successful event together very quickly, and that's exactly what we'll do," explained Gysin. "Detroit has had multiple race seasons before, so this is not unprecedented. They do it at Daytona and Talledaga also."

D'Eath said he also plans to take several of the Unlimited race teams to a vintage event in Lake George, New York for an exhibition the weekend following the Detroit event, and to Morgan City, Louisiana for an exhibition in October. Both cities are considered strong possibilities to join Nashville, Tennessee in hosting new Hydro-Prop/APBA events in 2005.

D'Eath added, "We also have cities in the Southwest, Midwest and Northwest who have shown interest in holding events as soon as 2005. We feel very positive about our potential for having 8-10 events in the APBA/Hydro-Prop Series next year."

Headquartered in Lake Hamilton, Fla., HYDRO-PROP owns and operates the Budweiser Unlimited Hydroplane Series. Unlimited Hydroplanes are the most dramatic, exciting, and spectacular racing vehicles in the world, capable of reaching top speeds of 220 miles per hour and traveling the length of a football field in less than one second. HYDRO-PROP events are held throughout North America and televised nationally on the SPEED CHANNEL. SPEED is the fastest growing sports network in America, now available in over 65 million homes, and is recognized as America's motorsports leader. For more information on HYDRO-PROP, visit www.hydroprop.com.
 
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