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New Driver, New Team, New Era for Pennzoil

2 September 1997

   August 30, 1997, Houston -- Pennzoil Products Company announced 
today the beginning of a new chapter in its long history as one of 
auto racing's best known and most successful sponsors.

   Pennzoil, marketer of America's No. 1-selling motor oil, and Dale 
Earnhardt, Inc. (DEI) signed a three-year agreement to field a 
Chevrolet Monte Carlo for rookie driver Steve Park on the NASCAR 
Winston Cup circuit beginning at the 1998 Daytona 500.

   "We think associating our company with DEI and someone with a 
future as bright as Steve Park's represents an opportunity to field a 
winning NASCAR team that is too good to pass up," said Tom Floyd, 
Pennzoil's chief marketing officer.  "We are delighted to be able to 
bring this exciting team to racing fans and our loyal customers around 
the country.

   "The Pennzoil name has long been associated with such open-wheel 
racing champions as Wilbur Shaw, Johnny Rutherford, Rick Mears, Al 
Unser, and Eddie Hill. Considering Steve's phenomenal success in the 
modifieds and the potential he's already shown in the Busch Grand 
National Series, we feel this agreement continues that tradition and 
leads us into a new era."

   Park, 30, is in his first year in the Busch Grand National Series 
driving a car owned by Earnhardt's wife Teresa.  His Busch victories 
at Nashville Speedway in April and at Michigan in August, along with 
15 wins and 22 poles in the NASCAR Featherlite Series, make the East 
Northport, N.Y., driver one of the hottest young stars in auto racing.

   "It was awesome to sign on with DEI last year, and I have the same 
feeling joining Pennzoil.  Both DEI and Pennzoil have a history of 
winning, and I think we will be a part of that history," Park said.  
"This is the highlight of my career."

   Park, voted most popular driver twice in the Featherlite Series, 
earned two victories in NASCAR Busch North Series races in only nine 

   "I know how difficult it is to do well in Winston Cup," Park said.  
"This will be the toughest challenge I have ever faced.  Winston Cup 
has been my goal since I started racing.  We hope that Pennzoil yellow 
will run up near the front with a certain black Monte Carlo."

   Don Hawk, president of DEI, vowed to put together a team to contend 
for a points championship, as well as to continue to help in Park's 
development in the sport.

   "Steve has a lot of talent, and our organization is going to be 
top-notch.  We plan to show Pennzoil that it made the right decision 
to sponsor us," Hawk said.  "I think it is a lot to expect him to win 
right out of the box, but I am confident we will see some pretty 
impressive results quicker than a lot of people think."

   Veteran crew chief Philippe Lopez, noted for his ability to develop 
up-and-coming drivers, including Winston Cup driver Ward Burton, leads 
the first-year team, based in DEI's 108,000-square-foot shop in 
Mooresville, N.C.  Lopez built the cars Park used on the Winston Cup 
circuit this year.

   Pennzoil has sponsored cars fielded by Bahari' Racing since 1991.  
Floyd said he expects an announcement regarding Pennzoil's future 
relationship with Bahari' by the end of the season.  Floyd further 
stated, "We certainly intend to honor any contractual commitments we 
have with Bahari' Racing."

   Pennzoil is also one of this country's biggest supporters of 
motorsports, serving as the series sponsor for the Pennzoil World of 
Outlaws and the official motor oil of the Indy Racing League, 
Indianapolis Motor Speedway, the Brickyard 400 and New Hampshire 
International Speedway.

   Today's lineup of Pennzoil drivers include first-year winner Tony 
Raines in the NASCAR Craftsman Truck Series, veteran Roberto Guerrero 
in the Indy Racing League, legendary Eddie Hill in top fuel 
competition in the NHRA, and World of Outlaws star Jac "The Wild 
Child" Haudenschild, plus many other drivers in series across the 

   Pennzoil Products Company is a wholly owned subsidiary of 
Houston-based Pennzoil Company, and its motor oil has been America's 
No. 1-selling brand for more than a decade.



Date of Birth:             8/23/67
Birthplace:                East Northport, NY
Residence:                 Mooresville, N.C.
Marital Status:            Single

Park has posted victories at Nashville and Michigan in his first 
year driving the ACDelco/ Burger King Chevrolet in the Busch Grand 
National Series for car owner Teresa Earnhardt.  Park also has six 
top-five finishes, 12 top-tens and over $300,000 in winnings in just 
22 starts.  Park's statistics place him well above every other rookie 
in BGN history. 
Park comes from a Modified background, with 17 wins in 152 starts in 
the NASCAR Featherlite Modified Tour.  He recorded 41 top-five 
finishes, 26 top-tens and 24 poles in the ultra-competitive open-wheel 
In the 1996 Busch Grand National North Series, Park claimed two 
wins, two top-five finishes and five top-tens out of 10 starts for an 
impressive rookie season.
In the NASCAR Craftsman Truck Series in 1996, Park posted a 
top-five, a top-ten and two top-fifteen finishes in his four starts 
and captured the pole for the truck race at Watkins Glen and the 
outside pole for the Jiffy Lube race in New Hampshire. 
In addition to Watkins Glen, Park will compete in Winston Cup races 
this year at Loudon, Charlotte, Phoenix and Atlanta.

Named by Sports Illustrated as one of the top-ten drivers to watch 
for 1997.
Tied for most wins (2) as a rookie driver in the BGN North Series.
1996 New Smyrna IMCA Modified Champion.
1995 and 1996 NASCAR Featherlite Modified Tour Most Popular Driver.
1995 and 1996 NASCAR Featherlite Modified Tour Pole Champion.
1991 and 1992 New Smyrna Speedway World Series Champion.


Lopez, 34, born in France, lives with wife Angela in Mooresville, 
N.C.  He completed three years of college at Texas A&M before deciding 
to pursue a career in racing.
Since March, Lopez has been constructing five all-new Chevrolet 
Monte Carlos for Steve Park's Winston Cup races in 1997. 
Lopez prepared Chevrolets that Ward Burton drove to an outside pole 
and a runner-up finish in the July 1994 Pocono Winston Cup race and 
Burton's pole-winning car at Charlotte that year.
Following a two-year tenure at AG Dillard Motorsports with Burton, 
Lopez worked with Stavola Brothers Racing (1996-1997) and driver Hut 
Much of Lopez's desire to compete in NASCAR's most prestigious 
series is due to Alabama native Stanley Smith who gave Lopez his start 
in the early 1990s when he worked on Smith's fledgling Winston Cup 


Seven-time winner of the Goody's Busch Grand National Race in 
Daytona, including five consecutive wins (1990-1994).
1996 NASCAR Craftsman Truck Series Owner's Champion with driver Ron 
In 202 starts as a team owner, DEI's BGN cars have claimed 23 wins, 
101 top-fives, 144 top-tens and over $1.5 million in winnings.
In 66 starts as a NASCAR Craftsman Truck Series Team owner, DEI has 
claimed the 1996 Truck Series Championship, 17 wins, 39 top-fives, 50 
top-tens, 8 pole positions and over $1.4 million in winnings.
DEI fielded the #14 Racing For Kids Chevrolet in two Winston Cup 
events in 1996, the June and July Pocono races, finishing 36th and 
41st respectively.
DEI fielded the #14 Burger King car for Park in several Winston Cup 
races in 1997.

Contact:  Drew Brown
Cohn & Wolfe
(404) 880-5269