HPROP: Detroit declines September event

DRRA Declines September Race Offer

STATEMENT by:
The Board of Directors of the Detroit River Regatta Association, Inc.

"The board of directors of the Detroit River Regatta Association, Inc (DRRA) today announced that it has declined the opportunity to host a second Unlimited Hydroplane race in Detroit this September 17-19.

"The DRRA was approached on August 2 regarding a possible September event in Detroit. The DRRA board was immediately made aware of the approach and thoroughly reviewed and discussed the many considerations of staging such an event.

"The board set specific guidelines and timetables for further review before any approval would be considered. These criteria have not been met and the DRRA board of directors has agreed to end any further review of the proposed event.

"We are sharply disappointed that a press release was issued on August 3 announcing that the DRRA would conduct the September event. Such announcement was inappropriate and not authorized by the DRRA and included comments wrongly attributed to DRRA representatives.

"We apologize to our fans, volunteers and community supporters for the confusion created by these announcements and look forward to staging the American Power Boat Association Gold Cup race here on the Detroit River next summer."

The DRRA will make no further statements on this matter.

-drra-