NASCAR Cup

BUSCH: Chip Ganassi Racing adds sponsor

Chip Ganassi Racing with Felix Sabates Partners with Home123 Concord, N.C., (February 25, 2005) -- Chip Ganassi Racing with Felix Sabates announced today a multi-year partnership with Home123 Corporation, a subsidiary of New Century Financial ...

Edited: Apr 16, 2008, 12:40 AM

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Chip Ganassi Racing with Felix Sabates Partners with Home123

Concord, N.C., (February 25, 2005) -- Chip Ganassi Racing with Felix Sabates announced today a multi-year partnership with Home123 Corporation, a subsidiary of New Century Financial Corporation, and one of America's largest providers of home mortgage loans a real estate investment trust and the parent company of one of the nation's largest non-prime mortgage finance companies, New Century Mortgage Corporation..

As part of the agreement, Home123 will be the primary sponsor during selected events for the No. 42 NASCAR Nextel Cup Series Dodge driven by Jamie McMurray and the No. 41 NASCAR Busch Series Dodge piloted by Raybestos Rookie candidate, Reed Sorenson.

"Adding one of the largest direct non-prime mortgage lenders finance companies in America to our team of partners and bringing another new sponsor into the sport is something I'm very proud of," team owner Chip Ganassi said. "Our team is about performance and adding value to our partners, and Home123 is committed to doing the same thing for their customers by offering the best home loans possible."

"We are excited to enter into a relationship with the Chip Ganassi racing team and NASCAR," said Patrick J. Flanagan, chief executive officer of Home123. "We believe the Ganassi team represents the performance that we strive to achieve for our customers and are excited to support them as they compete for the checkered flag."

McMurray's No. 42 Home123® Dodge will sport the corporation's blue and white colors at Phoenix International Raceway (April 23), Michigan International Speedway (June 19), Daytona International Speedway (July 2), Chicagoland Speedway (July 10), Watkins Glen International (Aug. 14) and California Speedway (Sept. 4). Home123 will serve as an associate sponsor during the remaining 30 events of the season.

Primary sponsorships of the No. 41 Busch Series entry include Bristol Motor Speedway (April 2 and Aug. 25), The Milwaukee Mile (June 25), Gateway International Raceway (July 30) and Watkins Glen International (Aug. 14) as well as an associate sponsorship over the course of the 2005 NASCAR Busch Series schedule.

The NASCAR program is in conjunction with Home123's parent company, New Century Mortgage Corporation, a sponsor of one of the team's Daytona Prototype cars in the 2005 Grand-Am Rolex Sports Car Series with drivers Cort Wagner and Stefan Johanannsen. McMurray joined the New Century Mortgage Corporation Lexus duo for a fourth-place finish at the 43rd running of the Rolex 24 Hours at Daytona on February 5.

About Home123 Corporation
Home123 is headquartered in Irvine, California and is a subsidiary of New Century Financial Corporation, a publicly traded company (NYSE: NEW). Since being founded in 1995, Home123 has originated over $70 billion in mortgage loans. Headquartered in Irvine, California, Home123 Corporation and New Century Mortgage Corporation are subsidiaries of New Century Financial Corporation. New Century Financial Corporation is a real estate investment trust and the parent company of one of the nation's largest non-prime mortgage finance companies, providing first and second mortgage products to borrowers nationwide through its operating subsidiaries. New Century is committed to serving the communities in which it operates with fair and responsible lending practices. To find our more about Home123 or New Century, please visit www.Home123.com or www.ncen.com.

-cgr-

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