Dale Jarrett Racing Adventure to Repurchase 3.4% of Outstanding Shares

HICKORY, N.C., December 23, 2008: -- Dale Jarrett Racing Adventure, Inc., a "Full Throttle" lifetime experience company, announced today that it has negotiated an agreement to repurchase and retire 855,000 shares from Mr. Ned Jarrett, one of the founders of the company. This represents 3.42% of the company's outstanding shares. The transaction will close on December 24, 2008.

According to CEO, Tim Shannon, "We're pleased to be able to announce such a material reduction in the total outstanding shares in the company. Our confidence in the company's future and our belief in the value of our stock can best be expressed by repurchasing it when the opportunity presents itself and we look forward to continuing this practice in the future."

Dale Jarrett Racing Adventure produces and markets "Full Throttle" lifetime adventures for both the public and as private corporate events. Currently the company offers a NASCAR racing adventure where participants can drive or ride in NASCAR type race cars on some of America's most famous race tracks. It also recently introduced its latest product, the WWII Adventure where, over three days a participant relives the life of a WWII B-17 aviator preparing and embarking on a bombing mission over Occupied Europe. The company's website is located at RACING ADVENTURE.