Ghaster Painting Becomes MGR Racing's Title Sponsor and Official Racing Partner

Phoenix, AZ, September 20, 2006. Ghaster Painting and Team MGR Racing today announced a short-term sponsorship agreement commencing September 2006, which will last until the end of the season. Ghaster Painting will become Title Sponsor of the Team - "Ghaster Painting MGR Racing" and the 'Official Racing Partner.'

The sponsorship demonstrates Ghaster Painting's ongoing commitment to auto racing, an industry and a sport that continue to deliver massive global attention and which has significant appeal for Ghaster Painting's commercial and residential customers across the nation.
The title sponsorship includes a number of benefits:

• The team name will be "Ghaster Painting MGR Racing."
• Ghaster Painting will be the 'Official Racing Partner' of the team.
• Predominant Title Sponsorship branding on the new 2006 car, driver's helmet and other ancillary elements.
• Significant marketing activation opportunities including Websites, merchandising, and promotional rights including access to team and track days.
• Behind-the-scenes access to the Ghaster Painting MGR Racing Team, enabling Ghaster Painting to bring exclusive race content to GhasterPainting.com and its customers, allowing them to 'live the motor racing experience' and feel part of the racing team.
• Additional content will include Ghaster Painting MGR Racing I-Newsletters, Race Summaries and full team biographies, the Team MGR Racing story, exclusive Ghaster Painting MGR Racing Team photographs, videos, wallpapers and screensavers.

Commenting on the agreement, President and Owner of Ghaster Painting, Brad Ghaster said, "We are excited about this new phase of involvement in motor racing. As Title Sponsor of the Ghaster Painting MGR Racing Team it raises our association with racing to a new level.

The new agreement delivers a fantastic marketing platform; the associated benefits we acquire as a result of this new sponsorship provide us with additional opportunities to continue to raise brand awareness, build brand preference and drive new revenue. It will also provide our customers with unique and exciting race content through http://www.ghasterpainting.com/ and http://www.mgrracing.net/."

"This is the first time since the inception of the team in 1999 that the opportunity to become the team's Title Sponsor has existed," said Manuel Gil del Real, Owner and Manager of Team MGR Racing and MGR Racing's current lead driver.

"With our unique synergy, I am sure that each one will benefit from the respective activities of the other, which is a first class prospect for everybody involved. Brad and I have worked very well together in other marketing areas of his business and I am very proud of his company's commitment to auto racing. As Team MGR Racing's Owner, I'm delighted to welcome Ghaster Painting to the Team and look forward to many future successes."

About Ghaster Painting:
Since its inception in 1978, Ghaster Painting & Coatings, Inc. (GP&C) has had the privilege of painting thousands of buildings and homes in the Valley of the Sun, large and small. GP&C is a full service paint contracting company specializing in large commercial and all types of residential repaints. Whether it is an occupied interior office, an exterior high rise or your personal home, GP&C has the experience and reputation to satisfy your painting needs.

© 2006 MGR Racing. MGR Racing and the MGR Racing logo are trademarks of MGR Racing. Other product and company names mentioned herein may be the trademarks of their respective owners.

MGR Racing 14038 S. 35th Circle, Phoenix, AZ 85044

E-mail: Info@MGRRacing.net - Web: http://www.mgrracing.net

Team MGR Racing Completes Test at PIR

Phoenix, AZ, September 10, 2006. Team MGR Racing wrapped up their weekend test at PIR with high scores. On Saturday, Ross Thompson focused the majority of his test session on achieving a good setup for the #27 Ghaster Painting Ford. As it turned out, the car was pretty well dialed in by the time it was unloaded from MGR Racing's transporter.

Driving under partly cloudy skies, Ross had no problem getting lap times in the mid to low 1:05 range with only minor caster and camber adjustments made to the car. After realizing that the used set of tires that he was using was not going to allow for faster lap times, it was now time to unleash the racecar's real potential with a new set of sticker tires.

Only three laps into the session with the new tires, Ross ripped a lap around the 1.5 mile road course in 1:03.7, a full 1.5 seconds than his best lap time just a couple of hours earlier. "I really like how the car turns in and transitions between turns" commented Ross Thompson. Unfortunately, the car suffered a mechanical failure when the distributor rotor gear broke half way through the last test session.

Ralph Buyers, Crew Chief of the #27, had the car ready to go again early Sunday morning. It was now time for Manuel Gil del Real to test the car in simulated race conditions. Manuel had not driven at PIR in over 30 months since the last ASC race at the Avondale track in February 2004. However, after studying the In-Car video with Ross driving the day before and with Ross' accurate debrief about the car's behavior, he felt pretty confident getting behind the wheel.

Only a few laps into the first morning test session, Manuel was able to get several laps in the low 1:05s and high 1:04s, before getting his fast lap of the day in lap eight with a very respectable 1:04.6. Not only was this time his personal best at PIR but it would have also secured the pole position at the last PIR race held at this track. "From the moment I went out of the pits, I really felt like I had just driven here the day before, which in a way I did, after watching so much Ross' film" said Manuel after the session.

The late practice session had to be cancelled when another car hit the inside wall between turns 5 and 6 in the infield, requiring major track repairs. The driver was fine, but his BMW racecar was destroyed.

All in all, it was a good test weekend for Team MGR Racing. Ross's participation was invaluable and both Manuel and Ralph are now confident the car will be in great race condition for the upcoming ASC races on October 14-15. For more Team information, visit http://www.mgrracing.net/