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CHASTAIN MOTORSPORTS: ANOTHER SMALL TEAM GOES ON A ROLL

8 July 1997

For Immediate Release

INDIANAPOLIS, July 7, 1997 -- When Stephan Gregoire chased down Tony
Stewart on the final two laps of the Samsonite 200 at Pikes Peak
International Raceway and missed victory by only .222 of a second in
the closest finish in Indy Racing League history, another small race
team went to the podium.

And, although Chastain Motorsports was fielding a car for the fourth
time this season, it was only its second "real race."

Gregoire started the Indy 200 at Walt Disney World with a car the team
knew had problems, and parked it after two laps. At Indianapolis, the
team was done before it started when Gregoire and his mates on the
fifth row were taken out in a fourth-turn collision before the green
flag.

But in the second IRL race of '97, Gregoire got a best career finish
of fifth at Phoenix. And at Colorado Springs, he went to the front.

"All of this stuff is pretty remarkable," said Tom Chastain, the
rookie car owner.  "Indianapolis is the first time we had a full-time
mechanic (Rusty Hurford).  The help we have has been supplemental
help.  We have a guy (Chris Sumner) who drives in from Cincinnati to
help.  Darrell Soppe flew in from Phoenix.  Yves Chappaz, from France,
helps when he can.

"When I think about what we're competing against -- million-dollar
budgets -- and we were able to run with the big teams.  The IRL made
it possible for us to do that.  The difference for us is the people,
with the driver and crew -- that levels it up."

After the team skipped Texas, it made a decision for the Samsonite
200.  Since the Chastain entry didn't get to the starting line at
Indy, it would carry its Indy sponsors -- Estridge Home Builders,
Porter Paints, Moen, Nutone, Jack Elrod Co., Viking Air Tools, Sink &
Edwards, Crystal Catering, TKO-Graphics, Morellis Cleaners, Fortune
Technologies and Miller-Eads Co., Inc. -- on its car at Colorado
Springs.

"We worked very hard on getting Paul Estridge (home builder from
Carmel, IN.) and Jack K. Elrod (Jack K. Elrod Co.,) to come on-board
as first-time sponsors at the Indy 500," Chastain said, "and we were
disappointed not to ever see the green flag.  So, we carried their
names at the Samsonite 200 as 'pay back.'  We felt we needed to give
something back.  The car we'll be bringing to Charlotte will be pretty
bare.  We're back to where we started from prior to Indy."

Gregoire started the Samsonite 200 in 11th place, and took the lead
from Arie Luyendyk on Lap 91 and held it for five laps.

Next to finishing second, perhaps, it was the young team's proudest
moment.

Mike Smith, a veteran crewman who was in Colorado Springs to visit his
mother and offered his help to the Chastain team, was operating the
signal board for Gregoire on the back straightaway. When Gregoire took
the lead, Smith put "P1" on the board and hoisted it high.

"It's the first time a car I was working on ever took the lead," Smith
said.  "He (Gregoire) called in and asked if that meant to pit ( in
one lap).

"I called back on the radio that, no, it didn't mean that, it means
you're in the lead and it's staying up where everyone can see it until
somebody passes you.

"I've waited 10 years for the chance to do that."


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