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Panoz to Debut New GT-RA at Sebring

17 March 1998


For Immediate Release

BRASELTON, Ga. -- The Panoz GT-RA, Road Atlanta Racing School's new
spec-GT racer, will debut during at the 12 Hours of Sebring race weekend
at the Sebring International Raceway.

The car will be unveiled at the Grand Prix Gala at Sebring's Civic
Center on Wednesday, March 18. The car then will be on display at the
Panoz GT tent at Sebring International Raceway from Thursday through
Saturday, March 19 - 21. A media presentation is scheduled at noon on
Friday, March 20 at the Raceway.

The Panoz GT-RA, derived from the Panoz Esperante coupe, is the only
spec-GT car used in a U.S.-based road racing school.  It is a two-seat,
tube frame race car weighing 2,500 pounds and powered by a
235-horsepower, 5.0-liter Ford V8.

"This car will have the driveability of a production car combined with
the speed and handling of a real racing machine," says Road Atlanta Road
Racing School's chief driving instructor Jeff Purner.  Purner, who is
also the chief project manager of the GT-RA, says, "We're taking
advantage of the most up-to-date technology in design, production and
safety in creating this exciting new school car."

Current plans call for the production of 20 GT-RAs.  The cars will be
ready for action at the Road Atlanta Racing School by mid-summer.

The Road Atlanta Racing School and Road Atlanta Motorsports Center are
part of the Panoz group of companies. These include Panoz Motor Sports,
with race teams competing in the FIA GT World Sports Car Championship
and the U.S. sports car series; legendary Sebring International Raceway;
Panoz Auto Development, a manufacturer of limited-production,
high-performance sports cars; and Chateau Elan, a four-star resort in
northern Georgia.

Contact: Jeff Purner 770-967-7209