HPROP: Event Management to handle media relations

EMC to Handle Media Relations For Hydros and Formula One P.R.O.P. Tour

(Lake Hamilton, Fla.) - HYDRO-PROP, Inc. announced today that Event Management Corp. (EMC) will provide all strategic communication services for the 2001 Budweiser Unlimited Hydroplane Series Presented by Laughlin and the Laughlin Formula One P.R.O.P. Tour Presented by Bud Light. EMC, which has provided media relation services to Hydros sponsors, drivers and teams since 1975, will direct communications with targeted print, Internet, television and radio media outlets.

"We are extremely excited to have Event Management join the HYDRO-PROP team," said Bart Garbrecht, CEO of HYDRO-PROP. "Our relationship with Event Management is another example of our commitment to growing Hydros and Formula One. Event Management has been actively involved with Unlimited Hydroplane Racing for a number of years and we look forward to utilizing their experience in helping us expand our media coverage."

Based in Grosse Pointe Farms, Mich., EMC is a strategic planning and marketing communications company with extensive background in the motorsports and automotive industries. Current EMC clients include Michelin North America, Pacific Raceways, Anheuser-Busch and the North American International Auto Show.

"We are pleased to continue our relationship with HYDRO-PROP for the 2001 season," said John Love, president of EMC. "Since last year's purchase of the Unlimited Hydroplane Series from the American Power Boat Association, HYDRO-PROP has made some tremendous strides in restoring the prestige of Hydros racing. We are also very impressed by their success in developing the Formula One P.R.O.P. Tour. We look forward to helping HYDRO-PROP attain their communication goals."

Headquartered in Lake Hamilton, Fla., HYDRO-PROP combines Unlimited Hydroplanes, the biggest, fastest racing boats in the world, with Formula One, the most versatile, fastest accelerating and fastest turning boats in the world. HYDRO-PROP events are held throughout North America and are televised during prime time on ESPN2. For more information on HYDRO-PROP, visit www.hydroprop.com <http://www.hydroprop.com>.

-HydroProp-